Cosco Corporation (Singapore) says unit Cosco (Guangdong) Shipyard Co. had signed two shipbuilding contracts worth RMB530 million ($108 million) on March 31 with an Asian shipowner to build two bulk carriers of 57,000 dwt each. Deliveries of the vessels are scheduled to be between July–Nov 2011.
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Healthway Medical Corporation says the company has agreed to place out 108 million new shares to International Finance Corporation (IFC), a member of the World Bank Group, at 13 cents per share.
This equity investment is part of the US$25 million ($35 million) financing package from IFC, which comprises a US$15 million senior loan and equity of US$10 million, to fund the group’s expansion plans in China.
Industrial fishing company China Fishery Group revenue rose 7.9% to US$383.4 million ($530 million) over a 9-month period from Jan 1 to Sept 28, after the change of financial year-end from Dec 31 to Sept 28.
Net profit rose 0.1% to US$78.1 million from US$78 million.
