The Holden brand will be retired from sales in Australia and New Zealand and local design and engineering operations will wind down by 2021, General Motors (NYSE:GM) announced today. Maven and Holden Financial Services operations will also wind down in Australia.
Adient (NYSE:ADNT), the world's largest global automotive seating supplier, today announced the opening of a new corporate office in Shanghai, China. To celebrate this milestone, Adient hosted a grand opening ceremony attended by local government officials, Adient employees and business leaders.
The Directors of Austin Engineering Limited (ASX:ANG) are pleased to announce the signing of a binding memorandum of understanding (MOU) to acquire 74.9% of the shares in South African mining attachment business, Van Reenen Steel Pty Ltd (VR Steel).
Asian Activities Report for December 19, 2011 includes: NTT Data Corporation (TYO:9613) is planning to commence a demonstration program in late January 2012 in Beijing, China; Hitachi (TYO:6501) and Founder Group (SHA:600601) have signed a cooperative agreement to provide SaaS cloud computing technology to the Chinese market; Electronics retailer Laox Co., Ltd. (TYO:8202), a subsidiary of Chinese home appliances retailer Suning (SHE:002024), will open its first store in China on 31 December 2011; China Internet Information Center (china.com.cn) and CMMB Vision Holdings Limited (HKG:0471) have signed an agreement to collaborate on multimedia services worldwide.
Asian Activities Report for December 1, 2011 includes: Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water; China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project; Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) will enter into an integrated network aviation alliance; Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., a sunflower seed research and production company in USA.
Asian Activities Report for November 22, 2011 includes: Dry-bulk shipping company Courage Marine Group Limited (HKG:1145) has signed an agreement with Zhejiang Zengzhou Ship Building Co., Ltd for the purchase of a newly-built Supermax-sized vessel for US$26.6 million; Blackwood Corporation (ASX:BWD) announces a JORC exploration target of 2.1-3.2 billion tonnes of thermal coal at South Pentland Project in Queensland; Invictus Gold Limited (ASX:IVG) announces the first results of the maiden drill programme at the Scartwater Prospect at its 100%-owned Drummond Basin Project in Central Queensland; Yellow Hat Limited (TYO:9882) and Idemitsu Kosan Co., Ltd. (TYO:5019) are currently discussing the formation of an alliance in wholesale, retail sales, and development of automotive accessory.
Organized by China Decision Makers Consultancy, Endorsed by International Air Rail Organization, The 6th Annual China Railworld Summit 2011 has been convened in September 22-23 in Kempinski Hotel Beijing Lufthansa Center.
