According to German paper Welt am Sonntag, Deputy Chairman Guo Ping of Huawei said that the telecoms network does not intend to engage in any takeover plans.
China
Regulator allows China Everbright Bank to conduct overseas share sale
The China Securities Regulatory Commission approved the application of China Everbright Bank Co to hold a share sale overseas and raise USD 2 billion.
Alibaba investment by Yahoo more valuable after IPO
Yahoo, which owns 24% of ecommerce giant Alibaba, reaps revenues prior to the IPO. Yahoo's investment in Chinese e-commerce firm Alibaba Group Holding Ltd was sufficient to keep Wall Street happy despite the continued struggle in the third quarter for advertising revenues, The shares of Yahoo increased by 1% to USD33.
Huaneng Renewables Corp plans to raise share sale
The plan is to raise funds from a share sale of Huaneng Renewables Corp. Wind farm operator from China, Huaneng Renewables Corp, is planning to raise HKD1.
Wumart Stores wants to purchase CP Lotus outlets- source
Wumart Stores was said to be in discussions with CP Lotus to buy the latter's units, according to a source who told Bloomberg.
Latest News
Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China. A cross strait equity exchange center in Fujian is being set up by China and Taiwan.
The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.
State-backed China National Offshore Oil Corp might have overpaid for the acquisition of Canada-based Nexen Inc, according to a Reuters special report.
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.
Investors in CSPC Pharmaceutical Group Inc have offered shares for sale in order to raise funds. The affiliates of Hony Capital Ltd have sought to raise USD260 million through the sale of shares in CSPC Pharmaceutical Group Ltd.
In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
