Asian Activities Report for December 20, 2011: Sharp (TYO:6753) to Sell 90-Inch LCD TVs in USA in 2012
Sinopec Kantons Holdings Limited (HKG:0934) and China Shipping Development (HKG:1138) have signed an agreement to form a joint venture company in Hong Kong to build around five liquefied natural gas (LNG) vessels for the transportation of approximately 4.30 million tonnes of LNG per annum for the APLNG project. Under the APLNG project, the Australia Pacific LNG Processing PTY Limited is expected to sell 4.30 million tonnes of LNG per annum to Sinopec Corp (HKG:0386) for a period of 20 years commencing from 2015.
Mikuni Corporation (TYO:7247) says that its car parts manufacturing plant in Thailand has recovered part of its production ability, with operation recommenced on December 12th. The plant was shut down on October 11th due to local floods. It is expected that the plant will be brought back to full operation shortly.
Sinopec Kantons Holdings Limited
China Shipping Development Company Ltd
China Petroleum & Chemical Corporation (SINOPEC)