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Showing posts from June, 2012

Cosco looks more vulnerable than Yangzijiang

Woes in Greece and the dry bulk shipping sector have simultaneously, and finally, washed up on the shores of Singapore-listed shipbuilder Yangzijiang.

Flaws in China’s economy mean tough times ahead

Shujie Yao says serious structural flaws in the Chinese economy mean the days of near-double-digit growth are over. The nation must now prepare for three years of hardship, which will be felt by the rest of the world

China Equity Bulls Still Wait For Their Moment in the Sun

Low valuations, market reforms and the prospect of monetary easing were all supposed to bring about a long-awaited turnaround for China’s languishing stock market this year, but halfway into 2011 and Chinese stocks have failed to live up to their promise.

Resurgent China to Lead Asia Growth in Second Half: HSBC

Economic growth in Asia, which has been slowing in recent months, is set to recover in the second-half of the year, on the back of a rebound in China, say economists at HSBC.

Investor finds exit blocked

Actis’ problems cashing out its stake in the mainland’s Xiabu Xiabu restaurant chain illustrate common issues facing private equity in China

Looming US dollar shortage could wreak massive damage

The strengthening of the greenback in recent months might be the start of more financial trouble as businesses and speculators rush to cover their short positions

Xiao Nan Guo reheats IPO at lower offering price

Restaurant chain trims its fund-raising goal by one-fifth to make it more attractive to investors, nine months after the group shelved listing plans

Hontex told to pay back HK$1b to investors

High Court makes landmark ruling backing SFC after company was found to have put misleading information in its HK listing prospectus in 2009

China’s ‘Amazon’ to delay I.P.O.

Jingdong Mall develops cold feet amid market uncertainty and pushes back US$5 billion Nasdaq listing, which was to be launched by September

US asks Big Four to hand over audit papers on China firms

The Chinese arms of all of the Big Four audit firms have been asked by US regulators to turn over documents related to audits of China-based companies listed in the United States, a person familiar with the matter said on Tuesday.

US Heads for Showdown With China Over Auditing

The Chinese arms of all of the Big Four audit firms have been asked by U.S. regulators to turn over documents related to audits of China-based companies listed in the United States, a person familiar with the matter said on Tuesday.

Asiasons PE fund buys Hi-5 pre-school TV show

A Singapore-based private equity fund is now the proud owner of the outstretched arms and slapping palms of popular children’s entertainment brand Hi-5 Australia.

Yangzijiang head clears air on donation

He gave dividends to foundation, and not stake in firm

Noble Ex-Chief Leiman Seeks Bonus And Shares in Lawsuit

Ricardo Leiman, who quit Noble Group Ltd. (NOBL) the day it posted its first quarterly loss in about 14 years, sued a unit of Asia’s biggest commodity supplier, claiming his shares and 2011 bonus were wrongfully withheld.

Former China Sky Chemical Fibre executive director sued over unpaid bank loan

Huang Zhong Xuan, former executive director and CEO of China Sky Chemical Fibre, has been accused of defaulting on a $7.5 million loan from a bank. The bank has filed a lawsuit against Huang and three guarantors, including his wife, in the High Court to seek the return of the amount owing.

Yangzijiang Shipbuilding Chairman donates 27.83% equity stake

Yangzijiang Shipbuilding’s founding Chairman, Mr Ren Yuanlin, has donated US$750 mln worth of his stocks in the group to Yuanlin Charity Foundation which helps senior citizens in China.

Li Ning Profit Warning Sends Shares to 6½ Year Low

Private equity-backed Chinese sportswear brand Li Ning warned of a "substantial decline" in profit for 2012 due to weaker sales and higher marketing costs, knocking its shares to a 6-1/2 year low.

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Chinese Banks Told to Review Risk

China's banking regulator has told banks to assess loans to credit guarantee firms and step up checks on the sector, sources who have seen the documents told Reuters on Monday.

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China rate cut sparks fears of grim May data

Global cheers over China's decision to cut interest rates faded on Friday as investors and economists worried that the move signalled the impending release of grim economic data.

U.S. coal exports to China may double in 2012: Xcoal

U.S. coal exports to China could more than double to over 12 million tonnes in 2012 thanks to depressed freight rates and a fall in domestic demand in the United States, the chief of top U.S. coal exporter Xcoal Energy & Resources said.

Australia’s Coal Mining Boom Ends as Prices Tumble

Falling coal prices and soaring costs have forced Australia’s producers to start trimming output and letting go of some workers, hurting miners, rail and port operators and potentially threatening plans for more than $30 billion of investment in new mines.

Need for caution on investing in Myanmar

By all accounts, Myanmar opposition leader Aung San Suu Kyi had a successful visit to Thailand in what was her first trip abroad after 24 years. The 66-year-old parliamentarian enjoyed a superstar-like welcome and made the most of her short trip to highlight the plight of her fellow countrymen overseas, such as exploited migrant workers and war refugees.

Myanmar may find property bubble a key challenge

High-end property prices in Mandalay, Yangon soaring

SembMarine loses fight for remaining PPLS stake

High Court judge dismisses its claims in their entirety, orders it to pay defendants' costs