Asian Activities Report for January 5, 2012: Titans (HKG:2188) Won Outstanding Contribution Enterprise Award 2011 in Zhuhai, China
CK Life Sciences (HKG:0775) has signed an agreement to acquire Australia-based Peaty Trading Group and its related assets for approximately A$31 million. Peaty Trading Group is engaged in the production and sales of plant protection, specialty fertilisers, and pest control products. This acquisition is the latest step in CK Life Sciences' business expansion into the Australian health and agriculture sector, following its A$10.6 million acquisition of Qualco West Vineyard in the Riverland Wine Region, Australia's largest wine grape producing region in 2011.
Marubeni Corporation (TYO:8002) says that its subsidiary Marubeni Access is now providing international IP-VPN service, named VECTANT Global IP-VPN to Japanese companies' overseas subsidiaries. The service, supported by Asia's largest independent communication service provider Pacnet, covers major cities around the world including those in China. It offers an one-stop support through overseas base network with high quality international IP-VPN service.
Toray Industries, Inc. (TYO:3402) has restructured its research and development bases in Shanghai and Nantong, China. It has renamed its Shanghai base Toray Advanced Materials Research Laboratories (China), which will focus more on non-fabric products, whilst its Nantong-based Toray Fibers & Textiles Research Laboratories (China) will continue to specialise in textile products.
Toray Industries, Inc.
CK Life Sciences
China Titans Energy Technology Group