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Posts Tagged ‘Qingdao’

Best World International unit enters into JV deal with Daeha Trading Co. of Korea

Best World International says unit Best World (Qingdao) Health Sciences Company has entered into an equity transfer agreement and joint venture agreement with Daeha Trading Co. to acquire 70% equity interest in Weihai Leempia Household Chemicals Co.

Dahae Co. is a trading company incorporated in South Korea. China-incorporated Leempia Co. is a wholly-owned subsidiary of Dahae Co. Its principal activities include the manufacturing, production and processing of cosmetics and marketing of the skincare and toiletries product.

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Lower top bid of $136m for Punggol EC site shows supply side curbs taking effect:

The Executive Condominium (EC) site at Punggol Drive / Punggol East (Punggol E2a) has drawn four bids from developers. The highest bid of $136,170,000 ($237 psf ppr) came from Qingdao Construction (Singapore). This is 2.2% higher than the second highest bid. However it is 23% lower than the price paid by ChoiceHomes Investments & CEL Development for another Executive Condominium site at Punggol Field / Punggol Road (Punggol E4) in June.

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More Chinese clubs face action

More Chinese clubs are being investigated for match-fixing and will be harshly punished if found guilty, according to the new head of the Chinese Football Association. “Guangzhou, Chengdu and Qingdao are not the only clubs under investigation,” said Wei Di, whose predecessor Nan Yong was one of

China Fishery Group rated buy

DMG & Partners Securities in a Nov 20 research report says: “We visited China Fishery’s factory vessel – the Lafayette – at Beihai Shipyard in Qingdao, China. The external upgrading of the ship looks largely completed. However, some of its fish processing machinery is still in the works. Management has estimated that it would take another 10 days to complete the revamp of the vessel, before it sets sail to the South Pacific.

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China Fishery Group rated buy

DBS Vickers Securities in a Nov 20 research report says: “We visited the Group’s new 50,000 gross registered tonnage (GRT) factory vessel, the Lafayette, at Qianwan port in Qingdao, China, as it enters the final stages of its US$100 million refurbishment. Management projects an annual revenueof US$210 million and a potential net profit of US$60-$70 million. This equates to about 60-70% of CFG’s FY2009F net profit.

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