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Citic Pacific to pay USD36b for parent’s China assets

Hong Kong’s Citic Pacific Ltd. agreed to pay 226.9 billion yuan (USD36 billion) to buy Chinese banking and brokerage assets from its state-owned parent, underscoring ... Full story

CORPORATE BITS: CAM holds 20th Blue Sky Seminar

The Macau International Airport (CAM) held its 20th Blue Sky Seminar, where the Chief and Principal Speaker of the Blue Sky Association Mr. Deng Jun ... Full story

SuperStar Virgo returns to Hong Kong after six years

Star Cruises’ Asian flagship SuperStar Virgo recently returned to Hong Kong for the first time in six years, the travel magazine Voyager’s World reported yesterday ... Full story

China Film takes 1st stake in Hollywood movies 


China’s state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two Legendary Entertainment productions.China Film Co. will make ... Full story

Chinese sneaker factory workers go on strike 


Workers at a Chinese factory owned by Yue Yuen, the world’s largest maker of athletic footwear for brands such as Nike and Adidas, are striking ... Full story

CORPORATE BITS: MGM donates MOP300,000 to Macau Holy House of Mercy

MGM Macau has donated MOP300,000 to Santa Casa da Misericórdia de Macau, known in English as the Macau Holy House of Mercy, in support of ... Full story

Chinese pork giant plans IPO to raise up to USD5.3b

China’s WH Group, which became the world’s biggest pork company after buying Smithfield Foods of the U.S. last year, said Monday it plans to raise ... Full story

Minmetals Group buys Glencore Peru mine for USD5.85b

A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata Plc for USD5.85 billion, adding to a wave of Chinese ... Full story

CORPORATE BITS: Featherweight fury at the Venetian

It may be the Year of the Horse, but May will be the Month of the Featherweight at The Venetian Macao, where it will host ... Full story

Alibaba agrees to buy AutoNavi in USD1.5b map deal

Alibaba Group Holding Ltd. agreed to acquire AutoNavi (AMAP) Holdings Ltd. in a deal that values the Chinese company at USD1.5 billion, bolstering its Internet ... Full story

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