Hints and tips:
...In January, Shandong Airlines, a regional carrier with a fleet of more than 130 planes, received help from Air China, which increased its stake in the company....
...A number of PFAS producers — Chemours, Daikin, 3M, AGC, Arkema, Solvay and Shandong Dongyue — control about 60 per cent of the global fluoropolymers market....
...Taihe Water Treatment Technologies....
...After being acquired by heavily indebted Jining-based conglomerate Shandong Ruyi in 2017, British label Aquascutum, Israeli tailor Bagir and Savile Row tailor Gieves & Hawkes have ended up in liquidation...
...The group is also offloading shares in infrastructure investments, selling down stakes in Zhongshan Public Utilities and Shandong Taihe Water Treatment Technologies....
...Privately held Shandong Ruyi, based in the coastal province of Shandong and sometimes referred to as the “LVMH of China”, built up total debt of more than $4bn in the course of scooping up controlling stakes...
...“I am not going to get the vaccine over safety concerns,” said a doctor at a leading hospital in the eastern Shandong province. “It is still in clinical trials.”...
...Chinese shopaholics are unlike to rally to the rescue of Shandong Ruyi. They are spending less, reserving their money for brands more upmarket than those owned by Shandong....
...Shandong Ruyi did not respond to a request for comment....
...Shandong Ruyi is emblematic of the problems facing China’s heavily indebted corporate sector....
...Over the past year, Shandong Ruyi has faced problems paying for its acquisitions....
...Shandong Ruyi failed to meet the government’s deadline to sell down its stake, arguing it could not find a local partner within the timeframe....
...It didn’t end well for Shandong Hongda either. The company sold Jagex to another Chinese company after just two years....
...His remarks came after Central Huijin Investment, a unit of CIC, said it planned to invest in Hengfeng Bank, a troubled local lender in Shandong province, the third such intervention this year following...
...Hengfeng, previously known as Evergrowing Bank, is based in Shandong province and is one of 12 joint-stock banks in China formed out of early banking reforms in the late-1980s that allowed a mix of state...
...In July Shandong signed an “enhanced strategic co-operation” agreement with Barrick Gold during a visit to the company by Barrick’s executive chairman John Thornton....
...Chinese textile and fashion group Shandong Ruyi extended its years-long global buying spree on Friday to ink a deal for a controlling stake in Swiss luxury shoes and leather company Bally....
...The number of pilots and co-pilots working in China almost doubled between 2011 and 2017....
...China’s National Tourism Administration will allow tour agencies in Beijing and Shandong province to sell package tours to South Korea, state news agency Yonhap reported, citing unnamed industry sources....
...SMCP’s controlling shareholder, Chinese textile manufacturer Shandong Ruyi, intends to remain the controlling shareholder in SMCP following the IPO....
...China’s independent oil refineries clustered in the coastal province of Shandong will consolidate into one corporate group, the Xinhua news agency said on Friday....
...Its controlling shareholder, Chinese textile manufacturer Shandong Ruyi, intends to remain the majority shareholder in SMCP following the IPO this year....
...A total of $2.3bn is in fact underwritten with Glencore committing for $300m and a further $1bn coming from two Chinese groups, Cinda Asset Management and Shandong Lucion Investment Holdings....
...Citi was the sole advisor for Shandong Gold. Barrick was advised by CIBC World Markets....
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