99wuxian is to raise $20 million at 40c per CHESS Depositary Interest (CDI), the security used by the ASX to allow international companies to trade on the local market. It is equivalent to 40c a share and, if fully subscribed, will value the company at about $410 million. The CDI holders will account for under 5 per cent of the company.
China Mobile Ltd.
Asian Activities Report for August 19, 2011: SmartTrans Holdings (ASX:SMA) Partners with China Mobile (HKG:0941)
Asian Activities Report for August 19, 2011 includes: SmartTrans Holdings Limited (ASX:SMA) has signed a binding agreement with China Mobile (HKG:0941) (NYSE:CHL) that allows SmartTrans to collect payment from China Mobile customers; Golden Rim Resources Limited (ASX:GMR) today announced copper and gold intersections from the second program of reverse circulation drilling at its Balogo Project in Burkina Faso; Highlands Pacific Limited (ASX:HIG) said today that its fully constructed US$1.5 billion Ramu Nickel project in Papua New Guinea will commence ore commissioning activities at the Basamuk treatment plant in September; Aquila Resources Limited (ASX:AQA) said today that the Queensland Government has granted the Mining Lease for the Eagle Downs Hard Coking Coal Project in Central Queensland; Suven Life Sciences Limited (BOM:530239) has been granted 4 product patents for the treatment of Neurodegenerative disorders.
Asian markets opened flat this morning while Wall Street overnight closed with little change after the US central bank's minutes eased concerns over rate hike. Yesterday Australian stock market touched an 18-month high despite the Reserve Bank of Australia raised official rate by 25 basis points. Japan's Nikkei 225 Tuesday dropped 0.5 per cent on profit-taking selling. China's Shanghai Composite was nearly unchanged while Hong Kong market was closed for public holiday.
Asian Markets Overview of March 30, 2010: Ericsson (NYSE:ERIC) Secured US$1.8B Deals with China Mobile (HKG:0941) and China Unicom (HKG:0762)
Monday Wall Street rose as higher commodities prices boosted energy and mining companies. The US markets also received support from positive consumer spending in February. Asian markets closed mixed yesterday. Chinese stocks rallied as China said it plans to launch the long expected stock-index future in April 16. Shanghai Composite jumped 2.1 per cent to a two month high, while Hong Kong's Hang Seng Index climbed 0.9 per cent. South Korea's Kospi Composite was 0.3 per cent lower. Japan's Nikkei 225 lost 0.1 per cent.
Asian Markets Overview of March 19, 2010: Toho Zinc (TYO:5707) To Double Stake in CBH Resources (ASX:CBH)
Wall Street overnight gained for an eighth consecutive session with a low trading volume. Thursday US weekly jobless claims data and core consumer prices in February provided mild support for the market. Most Asian markets declined yesterday. Japanese exporters were hurt by the weakness in euro against yen. Nikkei 225 lost nearly 1.0 per cent, and South Korea's Kospi dropped 0.5 per cent. Hong Kong and mainland China markets gave up their early gains to close lower on Thursday on renewed fears that China might take further measure to control the pace of bank lending. Shanghai composite closed down 0.14 percent, while Hang Seng Index fell 0.25 percent.
Dow Jones Industrial Average was marginally higher overnight, supported by financial stocks. But material stocks were under pressure as commodities prices declined. Asian markets Wednesday closed mixed. Singapore market finished 0.8 per cent higher to their a seven-week high after a report showed that Singapore's economy was expected to grow 6.5 per cent in 2010. Japan's Nikkei 225 and Hong Kong's Hang Seng Index finished flat after moving between gains and losses during the session. South Korea's Kospi ended 0.1% higher. But China's Shanghai Composite snapped a three-day rise and fell 0.7 per cent ahead of the inflation data.
Asian stocks saw modest gains Wednesday on hope of a bailout package for Greece. Australian market was boosted yesterday as official data showed that Australia's economy grew 0.9 per cent in fourth quarter, its fastest quarter-to-quarter pace in almost two years. Japan's Nikkei index ended up 0.3 per cent. South Korea's Kospi Composite rose 0.5 per cent. Shanghai Composite climbed 0.8 per cent higher. But Hong Kong's Hang Seng Index closed 0.1 per cent lower. Today Asian markets are likely to open flat, after Wall Street declined slightly on Wednesday.
The launch of 3G service in China has provided good opportunities for global telecom giants, such as Nippon Telegraph and Telephone Corp. (TYO:9432). The Japanese group will tap the China market by cooperating with China Mobile (HKG:0941), the largest cell phone carrier in China, to send Japanese manga in the country.
Asian markets opened broadly lower on Tuesday. Hong Kong's Hang Seng Index slumped with a massive 4.4 per cent fall in early trading, while Tokyo stocks were also under pressure, weighed by the tumble on Wall Street and stronger Yen.
Inspur International (HKG:0596) is a leading IT and Outsource Software development company with a large international client base across the world, including Microsoft, Toshiba and Hitachi. Apart from servicing the MNEs market, the company is also engaged in a lot of government projects in China. Inspur has been named one of Fortune Magazine's top 100 software companies in the world for 3 consecutive years. In FY 2008, the company has experienced outstanding growth in its revenue and EPS, rising by 99.7% and 590.5% respectively.