Vietnam 

CMSC to receive more than $109 million dividend from petroleum group – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    At present, CMSC owns 83.85 per cent stake in Petrolimex but will reduce its capital in PLX down to 51 per cent during the period of 2019-2020. — Photo cafef.vn HÀ NỘI — The Committee for Management of State Capital at Enterprises (CMSC) will receive a cash dividend of VNĐ2.55 trillion (US$109 million) from the Việt Nam National Petroleum Group (PLX) for its performance in 2018. The figure is equivalent to a dividend rate of 26 per cent, meaning each shareholder with one share…

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Vietnam 

Havas Group renames to Red Havas – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — Media agency Havas Group recently announced that it had rebranded a number of its public relations (PR) and social agencies under a new name, called Red Havas, to drive the agencies’ merged media strategy to new heights and across new continents. Effective immediately, Havas PR North America, with offices in New York City, New England, Phoenix and Pittsburgh, and Asia Pacific-based Red Agency, with offices in Australia, Singapore and the Philippines, will all carry the new brand, which encompasses earned, social, experiential and content capabilities. In…

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Home 

Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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Vietnam 

Lộc Trời Group and Tấn Vương Food JSC to export 84,000 tonnes of rice to China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Two Vietnamese companies will export 84,000 tonnes of rice to China this year. — Photo gaosachcaocap.vn HÀ NỘI — Lộc Trời Group and Tấn Vương Food Joint Stock Company will export 84,000 tonnes of rice per year to China. The export of rice is under five memorandums of understanding signed between the two companies and their Chinese partners during a seminar on rice trade co-operation between Việt Nam and China held in the southern province of An Giang last week. An Giang annually exports more than 400,000 tonnes of…

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Home 

Deal maker Li Ka-shing and son Victor push CK Hutchison group of companies to the top of the league for advisory fees in Asia

Li Ka-shing, the Hong Kong tycoon known affectionately as “Superman” for his deal making prowess, was the biggest patron of investment banks and takeover consultants, with his flagship companies paying as much as US$126.9 million in fees in the past five years, according to a report by data provider Dealogic.The two listed flagships, CK Hutchison and sister company CK Asset Holdings, chaired by Victor Li Tzar-kuoi who took up the roles after his father retired in May last year, together with… Source link

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Singapore 

Woman admits being part of all-female group that beat up girl accused of flirting with friend’s boyfriend, Singapore News

SINGAPORE – Five women, unhappy with a clubber they accused of flirting with their friend’s boyfriend, ganged up on their teenage victim and rained blows on her. One of the attackers, art school student Grace Quek Xin Hui, 23, pleaded guilty in court on Thursday (May 2) to one count each of assault, rioting and criminal intimidation. The other members of her group – Jamie Thng Yu Xuan, 20, Ang Pek Ling and Gina Yeo Kai Ting, both 21, and Tey Shi Hui, 22, have been dealt with in court…

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Hong Kong-listed Xinyang Maojian Group to switch to tea production, says shareholder on verge of taking control

The second-largest shareholder of Hong Kong-listed company Xinyang Maojian Group said on Wednesday it will shift its focus to tea farming and drinks from chemicals production.“The chemicals industry has been suffering a downturn and the market is very bad,” said Sha Tao, who is on the verge of boosting his stock to a controlling stake of 27.51 per cent. Last week, he reached an agreement to acquire 146 million shares held by Chan Yuen Tung, its founder and controlling shareholder. He will… Source link

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China 

China to collect applications for scrap metal import licences from next month, trade group says

Chinese authorities will start accepting applications for licences to import unspecified quantities of soon to be restricted types of scrap metal from late May, the recycling branch of the China Non-ferrous Metals Industry Association said.The world’s top metals consumer has been clamping down on scrap imports as part of a campaign against foreign solid waste, leaving overseas scrap exporters scrambling to find other markets.Imports of low-grade copper scrap such as coiled cable and waste… Source link

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Vietnam 

Rubber group urged to boost revenue from wood processing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A rubber wood processing plant of Việt Nam Rubber Group. — Photo vietnamrubbergroup.com HÀ NỘI — Việt Nam Rubber Group must strive to increase its annual revenue to reach US$10 billion, given its advantage of owning more than 400,000 hectares of agricultural and forestry land, Deputy Prime Minister Vương Đình Huệ said at a meeting with the group on Thursday. Focus should be placed on diversifying products made from rubber wood, so that the group could participate deeply in the wood processing industry which could…

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Macau group targets rich Hong Kong retirees with promise of better quality of life in Greater Bay Area

A Macau conglomerate is targeting Hong Kong’s affluent retirees, urging them to leave the city’s cramped retirement homes for a better quality of life across the border in the Greater Bay Area.“It is time for Hong Kong’s retired people to embrace high-end housing and services,” said Amber Li, founder of Serensia Woods, a 300-unit retirement community in Zhuhai’s Hengqin area. “Hongkongers are among the wealthiest people in the world, but they live in cramped spaces.”The 2 billion yuan (US$298… Source link

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