DBS Vickers upgrades Pacific Andes Resources (P11.SG) to Buy from Hold and raises its target price to $0.48 from $0.37 on news its subsidiary China Fishery (B0Z.SG) is seeking a dual-listing in Hong Kong by offering up to 200 million new shares.
“With the potential funds raised of (about) U$350 million, we believe CFG could be aggressively looking for acquisition of more quotas/fishing companies.”
China Eastern Airlines Corp., Singapore Airlines’s cargo unit and two other companies agreed to invest 2.05 billion yuan ($405 million) in China Cargo Airlines to support the takeover of two other freight carriers.
China Eastern will invest 1.05 billion yuan in China Cargo and receive a 51% stake, according to a Hong Kong stock exchange statement today. Singapore Air’s cargo unit and Concord Pacific, a unit of Taiwan-based EVA Airways Corp., will invest 328 million yuan each and get 16% apiece. China Ocean Shipping (Group) Co. will put up 348.5 million yuan for a 17% stake.
Eu Yan Sang International says wholly-owned subsidiary in Hong Kong, Eu Yan Sang (Hong Kong) Limited has acquired 90% interest in Yan Sang Biotechnology Company for HK$6.12 million ($1.03 million).
CDL China, the China division of City Developments which was formed in August, has acquired its first development site in Chongqing, China for RMB 232 million ($45.7 million).
CDL China, through its wholly-owned Hong Kong subsidiary China Venture Investments, was awarded the site at a government land auction on Dec 15. The purely residential site, which consists of two adjacent plots of land totalling 27,200 square metres, is located on top of a historic hill, Eling, in Yuzhong District of Chongqing municipality.
Industry analyst firms, including Forrester Research, have ranked IBM No. 1 in services. The company has a varied services portfolio led by IBM GBS (Global Business Services) and IBM GTS (Global Technology Services). IBM GBS operates in more than 160 countries and provides clients with deep business process and industry expertise across 17 industries. IBM officials say their GBS is the worlds largest service provider in business consulting, system integration and application services. GBS helps clients implement solutions that deliver business outcomes with far-reaching impact and sustainable results, whether thats designing and implementing new service after sales business models, revolutionizing the business model for automotive insurance with innovative technology or becoming one of the leading logistics providers for supply chains. IBM works with its clients to identify the level of change that suits their needs and will result in actionable change and sustainable outcomes. Meanwhile, IBM officials said IBM GTS is the world’s largest IT services and consulting provider, with about 190,000 professionals in 160 countries. For instance, IBM’s GTS business in Greater China (Hong Kong, Taiwan, China) addresses the entire spectrum of its clients’ business needs, from business transformation and industry expertise of IBM’s consulting business to hosting, infrastructure, technology design and training services. GTS provides services such as business continuity and resilience, user services, integrated communication services, IT strategy and architecture services, maintenance and technical support services, middleware services, outsourcing services, security and privacy services, server services, site and facilities services, and storage and data services. – …
The real estate company hired Deutsche Bank AG, Standard Chartered Plc and UBS AG to help arrange the meetings, the person said, asking not to be identified as details are private. It may consider a sale of yuan-denominated bonds, whose coupon and principle would be settled in dollars, another person familiar with the matter said on Dec. 7.
How’s that for uncanny!? Eight Madame Tussauds Museum locations around the world – including ports in London, New York, Las Vegas, Los Angeles, Amsterdam, Berlin, Shanghai, and Hong Kong – unveiled their own wax replicas of eccentric singer Lady Gaga on, Thursday, with each figure donning an iconic outfit made famous by the outre hitmaker. [...]
TOUR STARTS FEBRUARY 14 IN SINGAPORE; CLAPTON OUT NOW
 Clapton |
Eric Clapton will kick off a
world tour starting February 14 in support of his latest solo album, Clapton, released on
September 28.
Clapton will be accompanied by Steve Gadd, Willie Weeks, Chris Stainton and backing vocalists
Michelle John and Sharon White. The North American leg starts February 25 and ends March 9.
On May 9, Clapton will head over to Europe for a month, ending on June 11. All confirmed dates are below.
ERIC CLAPTON TOUR DATES
02/14/11 Singapore Indoor Stadium Singapore, SG
02/18/11 Asia World Arena Hong Kong, CN
02/25/11 Rogers Arena (formerly General Motors Place) Vancouver, BC
02/26/11 Key Arena Seattle, WA
02/28/11 Rose Garden Arena Portland, OR
03/02/11 HP Pavilion San Jose, CA
03/03/11 Arco Arena Sacramento, CA
03/05/11 MGM Grand Garden Arena Las Vegas, NV
03/06/11 Valley View Casino Valley Center, CA
03/08/11 Gibson Amphitheatre Universal City, CA
03/09/11 Gibson Amphitheatre Universal City, CA
05/09/11 The O2 Dublin, IR
05/10/11 Odyssey Arena Belfast, GB
05/12/11 SECC Glasgow, GB
05/14/11 Cardiff International Arena Cardiff, GB
05/15/11 Cardiff International Arena Cardiff, GB
05/17/11 Royal Albert Hall London, GB
05/18/11 Royal Albert Hall London, GB
05/20/11 Royal Albert Hall London, GB
05/21/11 Royal Albert Hall London, GB
05/23/11 Royal Albert Hall London, GB
05/24/11 Royal Albert Hall London, GB
05/26/11 Royal Albert Hall London, GB
05/27/11 Royal Albert Hall London, GB
05/29/11 Royal Albert Hall London, GB
05/30/11 Royal Albert Hall London, GB
06/06/11 Hartwall Arena Helsinki, FI
06/08/11 Stockholm Globe Arena Stockholm, SE
06/09/11 Norwegian Wood Fest Oslo, NO
06/11/11 Jyske Bank Boxen Herning, DK
Eric Clapton
Tour Dates
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Eric Clapton News
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Eric Clapton
Concert
Reviews
Temasek Holdings Pte and State Grid Corp. of China will buy a combined US$110 million ($143.2 million) of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, two people with knowledge of the transaction said.
Temasek, Singapore’s state investment company, will take a US$50 million stake in Huaneng Renewables Corp.’s IPO in Hong Kong, said the people, who declined to be identified before an announcement. State Grid will purchase a US$60 million share, the people said.
Shares of casino operators Genting Singapore <GENS.SI> and Genting Hong Kong <GENH.SI> rose on Friday after DBS Vickers said the Singapore gaming sector is poised for strong growth on the back of junkets and entry into new markets.
Genting Singapore shares rose as much as 2.5% and Genting HK gained as much as 3.6%.
Christopher Brian Wei has been appointed group CEO wef Feb 10, 2011
Work experience: Executive VP/group chief marketing officer, American International Assurance Co Ltd, Hong Kong (AIA); head, Bancassurance & direct marketing, AIA
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
The company reported a stronger-than-expected 17% rise in third-quarter sales in November, helped by strong growth in its flagship Asian markets.
RBC Dexia Investor Services appointed Diana Senanayake as managing director of Singapore, according to an e-mailed media statement. Senanayake, who has been with RBC Dexia since 2005, will be responsible for growing the funds custodian’s business in the city-state and will report to the managing director of Hong Kong, Brent Reuter, the statement said. She replaces Dominique Draux.
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Yeoh had previously worked for Macquarie Group where he was engaged in Asian institutional equity sales in Singapore, Kim Jin Ho, a Seoul-based spokesman, said by phone today. Yeoh will be based in Hong Kong until Samsung Securities opens its Singapore business in the first half of next year. Samsung also hired Winston Loke as chief operating officer for its Asia Pacific institutional business, according to Kim.
U.S.-based Tora launched its Crosspoint dark pool service in Japan in February 2010 and says it provides traders with access to more than 5% of the orders passing through the Tokyo Stock Exchange.
“We think investors may have been overly focused on DBS’ domestic performance, that its improving Hong Kong operations have been overlooked,” says Goldman Sachs, which has Buy call with $16.90 target.
Tse To Chung, Lawrence has been appointed independent director wef Nov 19
Work experience: Partner, Joyce Chan & Co, Hong Kong; more than 17 years of legal practice experience
