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Hong Kong
Beijing’s new infrastructure binds Hong Kong to mainland
...The project is run by a subsidiary wholly owned by the Hong Kong Science and Technology Parks Corporation, and the park sits next to Shenzhen’s special project zones.Completion of the first batch of buildings...
January 27, 2023
Tesla Inc
Tesla lines up $1.6bn in financing for its Shanghai Gigafactory
...The Shanghai factory is Tesla’s first manufacturing site outside the US and also China’s first car plant wholly owned by a foreign company....
December 27, 2019
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inside BusinessRichard Waters
US and China’s tech fight set to come to a head
...He called it “profound” that the US electric carmaker has been given approval to build the first wholly owned foreign car plant in the country, adding it was “symbolic of [China] wanting to open the market...
February 7, 2019
Inside BusinessTom Mitchell
China’s slow reforms stack odds against multinationals
...As part of the China-US trade talks, Beijing has highlighted its plans to eliminate government subsidies for domestic NEVs while also finally allowing foreign carmakers to wholly own China-based manufacturing...
February 19, 2019
Chinese politics & policy
China seeks semiconductor security in wake of ZTE ban
...Mr Chang said the Nanjing plant was wholly owned and controlled by TSMC, and Mr Chang said its most sensitive trade secrets were handled only by a top tier of the group’s most trusted Taiwanese staff....
June 18, 2018
News in-depthUS trade
Tesla to build electric-car plant in China
...The US electric-car maker on Tuesday signed a memorandum of understanding to build a wholly owned gigafactory in Shanghai, a day after German chemicals group BASF reached a deal to build a $10bn petrochemicals...
July 10, 2018
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
US equities
Walmart surges on upbeat earnings guidance
...By comparison, Tesla is targeting 10,000 superchargers globally by the end of this year and already owns 149 wholly owned and operated service centres, as well as the world’s largest battery factory in Reno...
October 10, 2017
Batteries
Sony to transfer battery business to Apple supplier
...From the statement: Although the scope of the Transfer remains to be finalized, the parties expect the Transfer to include the battery business conducted by Sony Energy Devices Corporation, Sony’s wholly-owned...
July 28, 2016
World
Philippines’ Ayala comes full circle with push into healthcare
...AC Health was established in 2015 as a wholly-owned subsidiary charged with spearheading health-related expansion....
February 27, 2017
Global Economy
Myanmar’s foreign direct investment rush recedes
...But Seiichiro Sato, chief economist at DMS, a wholly owned Myanmar subsidiary of Daiwa Institute of Research Holdings, said the main reason was declining foreign investment, which drove the economy during...
January 23, 2017
Family businesses
Pritzker brothers move beyond the family office model
...After three deals this year, the group now boasts nine wholly owned businesses, a diverse portfolio that runs the gamut from Entertainment Cruises (“North America’s largest dining cruise operator”) to Peco...
October 20, 2015
US & Canadian companies
Tesco loss mars Buffett’s earnings growth
...Berkshire shares, however, have climbed relentlessly this year, as investors focused on the long-term earnings potential of its wholly-owned operating businesses, rather than the portfolio of stock investments...
November 7, 2014
fastFT
Panasonic, Fujitsu set up chip joint venture
...Panasonic and Fujitsu have set up a joint computer chip company as part of a bid to help Japan Inc try and regain its competitive edge in semiconductor manufacturing....
April 23, 2014
The FT ViewUS & Canadian companies
Pfizer, tax and the UK’s science base
...But now a new peril has appeared from a wholly different direction. One of Britain’s largest pharmaceutical companies, AstraZeneca, has received an approach from a US rival, Pfizer....
April 28, 2014
beyondbricsMergers & Acquisitions
China slowdown? FDI inflows confound the sceptics
...Foreign companies are gaining more control over their investments than in the past – a full 76.2 per cent of inflows these days are in the form of wholly-owned ventures, representing a big shift from the...
February 19, 2014
FT Live
Future of Asset Management Asia
Optimising fund firm models for Asia’s ascent
Wednesday, 8 MayMarina View, #2 The Westin Singapore, SingaporeSingapore 018961, Singapore
Technology sector
Sony chief sounds note of urgency
...“Mobile is a very integral part of our strategy and that is why we dissolved the joint venture with Ericsson and formed a wholly owned subsidiary company,” he said....
February 27, 2013
Personal & Household Goods
Cartier chief to step down
...Mr Cox said: “The appointment of a long-term company insider with a proven record is a positive. However, losing someone of Fornas’s stature won't be easy....
March 26, 2012
US & Canadian companies
Icahn agrees to buy Dynegy for $665m
...A wholly-owned subsidary of Icahn Enterprises will begin a tender offer for all the outstanding shares of Dynegy that it does not own, no later than December 22....
December 15, 2010
FT AlphavilleNeil Hume
China moves for potash
...Canpotex is a Canadian corporation equally owned by Potash and two other Canadian potash producers, while Sinochem Macao is an indirect wholly-owned subsidiary of the Company....
October 20, 2010
UK schools
Winners – East Midlands
...The Pandrol Group has been in track fastenings for 75 years and is now wholly owned by Delachaux....
April 21, 2011
Asia-Pacific companies
Carmakers rethink troubled marriages
...There has been speculation that it will build a wholly owned North American plant, perhaps in Mexico, but that could take several years....
November 1, 2010
US & Canadian companies
Caterpillar expands in emerging markets
...Caterpillar added that it would buy out the 16 per cent stake in its Chinese joint venture from Xuzhou Construction Machinery Group, making its facilities wholly owned by the US company....
June 29, 2010
LexUK banks
ICBC
...China’s champions-elect are going abroad, in oil, in mining and in car manufacturing, supported in almost all cases by state-owned banks. But the banks themselves are largely staying put. Why?...
March 25, 2010
European companies
Nokia targets China for new platform
...In 2001, it took a 30 per cent stake in a China-based handset manufacturing subsidiary owned by Nokia, which the Finnish handset maker later merged into its group....
December 9, 2009
IPOs
Abu Dhabi fund invests $328m in Santander’s Brazil arm
...IPIC is wholly owned by the Abu Dhabi government and chaired by Sheikh Mansour bin Zayed al Nahyan, an increasingly influential member of the ruling family in Abu Dhabi, capital of the United Arab Emirates...
October 11, 2009

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