SAMSUNG TO INVEST US$500 MLN IN LCM PLANT IN SOUTH CHINA
Guangzhou (ANTARA News/Asia Pulse) - South Korea's Samsung Electronics( KSE:005930) plans to invest US$500 million to build a liquid crystal module (LCM) plant in the Pearl River Delta in south China's Guangdong province, according to the company.
The plant is expected to be located in area between Guangzhou and Shenzhen cities, most likely in Dongguan.
Samsung earlier opened an LCM plant in east China's Suzhou city in September 2002, which produces displays for laptops and computer products.
SURYAINTI TO INVEST $US111MLN TO BUILD NEW TOURIST RESORT IN BALI
Jakarta (ANTARA News/Asia Pulse) - Listed property company PT Suryainti Permata (JSX:SIIP) has said it will build a tourist resort over a 20-hectare plot of land in the Pecatu area in Bali with a total investment of Rp1 trillion (US$111 million). The resort would have up to 500 cottages to be sold at a price of US$1 million to US$3 million per unit, an 18-hole golf course, a five-star hotel and other facilities, company president Henry J Gunawan said.
Construction would start next month and was to be completed next year, he was quoted as saying by the newspaper Investor Daily.
LOTTE GROUP TO ACQUIRE BELGIAN CHOCOLATE MAKER GUYLIAN
Tokyo (ANTARA News/Asia Pulse) - The Lotte Group (KSE:02270) will purchase Chocolaterie Guylian NV, a major Belgian manufacturer of premium boxed chocolates, for an estimated Y18 billion yen ($US167.6 million), The Nikkei learned Sunday.
The Lotte Confectionery Co. in South Korea and the Lotte Co. in Japan are expected to jointly buy all outstanding shares in Guylian from the Belgian firm's founding family, possibly by the end of the year.
The Lotte Group plans to market Guylian chocolates in China, Japan and other Asian markets by tapping its distribution network in the entire region.
GE HITACHI NUCLEAR ENERGY, CAMECO TEAM UP IN URANIUM ENRICHMENT
Tokyo (ANTARA News/Asia Pulse) - Hitachi Ltd. (TSE:6501) and the General Electric Co. said Friday that their joint nuclear power operation GE Hitachi Nuclear Energy would partner with Canada's Cameco Corp., the world's largest uranium producer, to promote a new uranium enrichment business.
Cameco would acquire a 24 per cent interest in GE Hitachi Global Laser Enrichment (GLE), whose new technology uses laser energy to enrich uranium.
GE will remain the largest shareholder with a 51 per cent stake and Cameco's uranium production business and GE Hitachi's fuel enrichment and power plant construction operations will be combined.
FUJITSU WINS $US18 MLN ORDER FROM CHINA MOBILE COMMUNICATIONS
Shanghai (ANTARA News/Asia Pulse) - Fujitsu Ltd. (TSE:6702) has received system orders worth Y2 billion ($US18.66 million) from the China Mobile Communications Corp., a major Chinese mobile phone service company.
China Mobile is the world's largest cellular phone firm, with 390 million subscribers as of the end of March.
The latest move is in line with its practice of continually upgrading its systems. Fujitsu outbid rivals by partnering with a local firm.
INDIA'S BHEL BAGS US$43 MLN TURNKEY POWER STATION CONTRACT
New Delhi (ANTARA News/Asia Pulse) - The state-run Bharat Heavy Electricals said it had won a Rs 1.84 billion (US$42.9 million) turnkey order from the Damodar Valley Corporation to set up a 500 MW unit at Bokaro Thermal Power Station in Jharkhand.
BHEL would set up a 500 MW unit at the Bokaro thermal power plant to add 12 million units a day to the DVC Grid, the company said in a statement.
LAOS-VIETNAM INSURANCE JV OPENED
Vientiane (ANTARA News/Asia Pulse) - The Laos-Vietnam Insurance Joint-venture Company (LVI) was officially opened in Vientiane on June 21, nearly three months after a joint-venture agreement was reached in March.
LVI has an initial charter capital of US$3 million, 29 per cent of which came from the Foreign Trade Bank of Laos (BCEL), while 51 per cent came from the Vietnam Development and Investment Banking Insuring Ltd., Co (BIC). On the same day, LVI held a ground-breaking ceremony to build its headquarters in Vientiane.
NUMBER OF INDONESIAN STATE COMPANIES TO BE SLASHED TO 25
Jakarta (ANTARA News/Asia Pulse) - The Indonesian government will reduce the number of state companies, starting this year, to improve efficiency and competitiveness, an official said.
A presidential instruction has been issued to cut the number of state companies from 139 at present to 25 in 2010, Said Didu,
secretary of the office of the state minister for state enterprises said.
The plan is being discussed with the House of Representatives, Didu told the newspaper Investor Daily Sunday.
S KOREA'S STX GROUP AIMS TO BOOST SALES SHARPLY
Seoul (ANTARA News/Asia Pulse) - The STX Group (KSE:011810), a mid-sized South Korean conglomerate, is seeking to boost sales to 50 trillion won (US$48.6 billion) by 2012 by bolstering its shipbuilding and overseas operations, the group said Sunday. The group said it also aims to raise its recurring profit to around 5 trillion by that year.
"The STX Group is expected to register sales of 25 trillion won this year, well above its earlier goal," Chairman Kang Duk-soo was quoted as telling the meeting.
INDONESIA'S GARUDA FOOD RAISES IPO EARNING TARGET
Jakarta (ANTARA News/Asia Pulse) - Food processing company PT Garuda Food Putra Putri Jaya said it hopes to earn Rp1 trillion (US$111 million) from initial public offering (IPO) it plans to launch soon this year.
The target had been revised from Rp600 billion set earlier, CEO Sudhamek AWS said.
Funds from the share sales would be used to finance business expansion, Sudhamek told the newspaper Bisnis Indonesia.
The company has nine subsidiaries operating food-related businesses, including the manufacturing of snack and beverages and distribution.
Source:
Business in Asia Today - JUNE 23, 2008
published by Asia Pulse
COPYRIGHT © 2008
Guangzhou (ANTARA News/Asia Pulse) - South Korea's Samsung Electronics( KSE:005930) plans to invest US$500 million to build a liquid crystal module (LCM) plant in the Pearl River Delta in south China's Guangdong province, according to the company.
The plant is expected to be located in area between Guangzhou and Shenzhen cities, most likely in Dongguan.
Samsung earlier opened an LCM plant in east China's Suzhou city in September 2002, which produces displays for laptops and computer products.
SURYAINTI TO INVEST $US111MLN TO BUILD NEW TOURIST RESORT IN BALI
Jakarta (ANTARA News/Asia Pulse) - Listed property company PT Suryainti Permata (JSX:SIIP) has said it will build a tourist resort over a 20-hectare plot of land in the Pecatu area in Bali with a total investment of Rp1 trillion (US$111 million). The resort would have up to 500 cottages to be sold at a price of US$1 million to US$3 million per unit, an 18-hole golf course, a five-star hotel and other facilities, company president Henry J Gunawan said.
Construction would start next month and was to be completed next year, he was quoted as saying by the newspaper Investor Daily.
LOTTE GROUP TO ACQUIRE BELGIAN CHOCOLATE MAKER GUYLIAN
Tokyo (ANTARA News/Asia Pulse) - The Lotte Group (KSE:02270) will purchase Chocolaterie Guylian NV, a major Belgian manufacturer of premium boxed chocolates, for an estimated Y18 billion yen ($US167.6 million), The Nikkei learned Sunday.
The Lotte Confectionery Co. in South Korea and the Lotte Co. in Japan are expected to jointly buy all outstanding shares in Guylian from the Belgian firm's founding family, possibly by the end of the year.
The Lotte Group plans to market Guylian chocolates in China, Japan and other Asian markets by tapping its distribution network in the entire region.
GE HITACHI NUCLEAR ENERGY, CAMECO TEAM UP IN URANIUM ENRICHMENT
Tokyo (ANTARA News/Asia Pulse) - Hitachi Ltd. (TSE:6501) and the General Electric Co. said Friday that their joint nuclear power operation GE Hitachi Nuclear Energy would partner with Canada's Cameco Corp., the world's largest uranium producer, to promote a new uranium enrichment business.
Cameco would acquire a 24 per cent interest in GE Hitachi Global Laser Enrichment (GLE), whose new technology uses laser energy to enrich uranium.
GE will remain the largest shareholder with a 51 per cent stake and Cameco's uranium production business and GE Hitachi's fuel enrichment and power plant construction operations will be combined.
FUJITSU WINS $US18 MLN ORDER FROM CHINA MOBILE COMMUNICATIONS
Shanghai (ANTARA News/Asia Pulse) - Fujitsu Ltd. (TSE:6702) has received system orders worth Y2 billion ($US18.66 million) from the China Mobile Communications Corp., a major Chinese mobile phone service company.
China Mobile is the world's largest cellular phone firm, with 390 million subscribers as of the end of March.
The latest move is in line with its practice of continually upgrading its systems. Fujitsu outbid rivals by partnering with a local firm.
INDIA'S BHEL BAGS US$43 MLN TURNKEY POWER STATION CONTRACT
New Delhi (ANTARA News/Asia Pulse) - The state-run Bharat Heavy Electricals said it had won a Rs 1.84 billion (US$42.9 million) turnkey order from the Damodar Valley Corporation to set up a 500 MW unit at Bokaro Thermal Power Station in Jharkhand.
BHEL would set up a 500 MW unit at the Bokaro thermal power plant to add 12 million units a day to the DVC Grid, the company said in a statement.
LAOS-VIETNAM INSURANCE JV OPENED
Vientiane (ANTARA News/Asia Pulse) - The Laos-Vietnam Insurance Joint-venture Company (LVI) was officially opened in Vientiane on June 21, nearly three months after a joint-venture agreement was reached in March.
LVI has an initial charter capital of US$3 million, 29 per cent of which came from the Foreign Trade Bank of Laos (BCEL), while 51 per cent came from the Vietnam Development and Investment Banking Insuring Ltd., Co (BIC). On the same day, LVI held a ground-breaking ceremony to build its headquarters in Vientiane.
NUMBER OF INDONESIAN STATE COMPANIES TO BE SLASHED TO 25
Jakarta (ANTARA News/Asia Pulse) - The Indonesian government will reduce the number of state companies, starting this year, to improve efficiency and competitiveness, an official said.
A presidential instruction has been issued to cut the number of state companies from 139 at present to 25 in 2010, Said Didu,
secretary of the office of the state minister for state enterprises said.
The plan is being discussed with the House of Representatives, Didu told the newspaper Investor Daily Sunday.
S KOREA'S STX GROUP AIMS TO BOOST SALES SHARPLY
Seoul (ANTARA News/Asia Pulse) - The STX Group (KSE:011810), a mid-sized South Korean conglomerate, is seeking to boost sales to 50 trillion won (US$48.6 billion) by 2012 by bolstering its shipbuilding and overseas operations, the group said Sunday. The group said it also aims to raise its recurring profit to around 5 trillion by that year.
"The STX Group is expected to register sales of 25 trillion won this year, well above its earlier goal," Chairman Kang Duk-soo was quoted as telling the meeting.
INDONESIA'S GARUDA FOOD RAISES IPO EARNING TARGET
Jakarta (ANTARA News/Asia Pulse) - Food processing company PT Garuda Food Putra Putri Jaya said it hopes to earn Rp1 trillion (US$111 million) from initial public offering (IPO) it plans to launch soon this year.
The target had been revised from Rp600 billion set earlier, CEO Sudhamek AWS said.
Funds from the share sales would be used to finance business expansion, Sudhamek told the newspaper Bisnis Indonesia.
The company has nine subsidiaries operating food-related businesses, including the manufacturing of snack and beverages and distribution.
Source:
Business in Asia Today - JUNE 23, 2008
published by Asia Pulse
COPYRIGHT © 2008
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