Vietnam 

HAGL Agrico to sell rubber company to Thadi – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Đông Dương Rubber operates mainly in the fields of processing rubber products, afforestation and forest conservation, construction, trading industrial machinery and transporting goods. — Photo cafef.vn HÀ NỘI — Hoàng Anh Gia Lai Agrico (HAGL Agrico) plans to sell its 100 per cent of its stake in Đông Dương Rubber Investment and Development Co Ltd to Thadi Agriculture Production And Processing Joint Stock Company. Đông Dương Rubber is a subsidiary of HAGL Agrico with charter capital of VNĐ1.46 trillion (US$63.8 million) as of the end of 2018. Đông Dương Rubber…

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Home 

First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy

The Shanghai Stock Exchange has given the green light for the first company to start book building ahead of its listing on the eagerly-awaited technology innovation board.It is likely to trigger a buying frenzy among investors keen to back promising young firms due to list on the new STAR Market, analysts said.Suzhou HYC Technology, a manufacturer of display and touch testing equipment, said on Wednesday morning that it would begin price consultation with institutions for its initial public… Source link

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Vietnam 

Dutch company to invest $250m in Bình Phước cashews – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Inside a cashew nut processing factory in the southern province of Bình Phước. Photo vinacas.com.vn     HÀ NỘI – MCE Group from the Netherlands planned to invest US$250 million in Bình Phước Province’s cashew industry, online newspaper vietnamplus.vn reported. During a meeting with the province’s leaders on Friday, Marco Trimborn from the group praised the potential of cashew plantations in the locality, expressing his firm’s desire to develop Bình Phước cashews into an international brand. The Dutch enterprise plans to build a cashew nut shell oil factory which will cover 10ha in…

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Singapore 

Over 300 pieces of jewellery worth $250k missing from company; staff member arrested in Malaysia, Singapore News

SINGAPORE – A 29-year-old Malaysian was arrested on Wednesday (June 5) after a jewellery company found more than 300 pieces of jewellery missing from two of its outlets. The police said on Friday that they first received reports about the missing jewellery, which was worth more than $250,000, in February 2016. Through ground enquiries, officers from Clementi Police Division were able to establish the identity of a suspect, who turned out to be a staff member of the jewellery company. However, further investigations revealed that the suspect had fled from…

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Singapore 

Jail for company director linked to investors who lost more than $700,000, Singapore News

SINGAPORE – A Singaporean director of two companies ran a “fly by night” operation in which 29 people invested more than $1 million in a pool to buy properties in the United States. Doris Tan Stephenson, who used to be known as Clara Tan Lisin, made the investment decisions alone and there was no indication whether she met the minimum competency requirements, a district court heard on Thursday (May 30). The investors later lost more than $700,000, said Deputy Public Prosecutor Magdalene Huang. The investment scheme, known as the Capital…

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Home 

Brazilian state oil company Petrobras aims for China’s teapots with oil cargoes shipped to storage for future demand

Brazilian state oil company Petroleo Brasileiro SA is shipping crude during June and July for storage in China to more quickly respond to demand from the country’s independent refiners, two sources with knowledge of the matter said.China is the world’s biggest oil importer driven partially by demand from its independent refiners, known as teapots, centred in the eastern province of Shandong. Petroleo Brasileiro, or Petrobras, is seeking markets for its rising crude output and hopes to expand… Source link

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Vietnam 

RoK company invests $1.2 million in Vietnamese startup Luxstay – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  GS Home Shopping invests $1.2 million in Luxstay. Photo businesskorea HÀ NỘI — GS Home Shopping, a leading shopping channel operator in the Republic of Korea, announced on Sunday that it has invested US$1.2 million in Luxstay, a Vietnamese home-sharing platform. This is the company’s second investment in an e-commerce start-up based in Việt Nam. Earlier in January, it poured $3 million into the e-commerce venture firm, Leflair, which focuses on premium-branded products for women, men, children and homes. Việt Nam is considered one of the fastest-growing countries in the tourism…

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Home 

How a Chinese company targeted by US tariffs for the last 10 years has adapted and thrived

Hilong Holding, the world’s second largest supplier of steel pipes used in oil and gas drilling experienced in adapting to US tariffs by turning exports to leasing, says diversification is key to dealing with the US-China trade war.Drill pipes, which connect the surface drilling equipment to the drill bit, are made with so-called seamless steel that does not have a weld-joint thanks to a unique production method. They must be strong enough to withstand pressure differences inside and outside… Source link

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Money 

JPMorgan poised to be first foreign company to own majority stake in China mutual fund venture

JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2 per cent of the business up for sale that analysts expect the Wall Street bank to lap up.A move by JPMorgan towards that goal would come at a tense time in US-China ties, as Chinese Vice-Premier Liu He is set to continue trade negotiations with the United States that were roiled after President Donald Trump said on Sunday he would raise… Source link

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Singapore 

Moving houses: Should you DIY or hire a moving company?, Singapore News

So you are finally making the big move? Congratulations! But moving houses can be quite hectic so we are trying to save you some time by giving you some quick tips to help decide if you should hire professionals or do it yourself. Before you choose to hire a moving company or start renting a van to do it yourself, there are a number of factors to consider which is the best option for you. For example, your budget, your location and how much time you are willing to spend…

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