Additional News for June 20, 2006
China automaker to plow $420 million in Ssangyong (June 20, 2006) JongAng Daily - Shanghai Automotive Group, the top shareholder in Ssangyong Motor Co., will spend 400 billion won ($419 million) on developing new cars at the Korean automaker this year, 30 billion won more than 2005.
Top 100 listed private enterprises unveiled (June 20, 2006) People’s Daily - Out of the top 100 Chinese private enterprises of 2006, China Minsheng Banking, Midea, and GOME Appliance were crowned the top three.
Law firms gear up for M&As in China (June 20, 2006) Shanghai Daily - Bruckhaus Deringer, the fourth ranked legal adviser on mergers and acquisitions involving Chinese companies this year, plans to add as many as 65 lawyers in China in the next five years as deals increase.
Chinese Officials Judged on Energy Efficiency (June 20, 2006) PlanetArk - Chinese officials, for decades expected to foster economic growth at almost any cost, will now have to weigh up the amount of energy their firms are burning.
HK unemployment falls to near 5-year low (June 20, 2006) INQ7money - Hong Kong's unemployment rate fell to a 57-month low of 4.9 percent in the period from March to May, from 5.1 percent in the February-April period because of a sustained economic revival.
China's top wind-power plant maker wants US IPO (June 20, 2006) Reuters - China's largest homegrown maker of wind-power generators, Goldwind Science and Technology Co. Ltd., is pursuing an overseas listing in the United States to fund an expansion aimed at driving an eight-fold increase in sales to 4 billion yuan ($500 million) by 2008.
Top 100 listed private enterprises unveiled (June 20, 2006) People’s Daily - Out of the top 100 Chinese private enterprises of 2006, China Minsheng Banking, Midea, and GOME Appliance were crowned the top three.
Law firms gear up for M&As in China (June 20, 2006) Shanghai Daily - Bruckhaus Deringer, the fourth ranked legal adviser on mergers and acquisitions involving Chinese companies this year, plans to add as many as 65 lawyers in China in the next five years as deals increase.
Chinese Officials Judged on Energy Efficiency (June 20, 2006) PlanetArk - Chinese officials, for decades expected to foster economic growth at almost any cost, will now have to weigh up the amount of energy their firms are burning.
HK unemployment falls to near 5-year low (June 20, 2006) INQ7money - Hong Kong's unemployment rate fell to a 57-month low of 4.9 percent in the period from March to May, from 5.1 percent in the February-April period because of a sustained economic revival.
China's top wind-power plant maker wants US IPO (June 20, 2006) Reuters - China's largest homegrown maker of wind-power generators, Goldwind Science and Technology Co. Ltd., is pursuing an overseas listing in the United States to fund an expansion aimed at driving an eight-fold increase in sales to 4 billion yuan ($500 million) by 2008.
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