Aeroflot’s Board of Directors has voted to repurchase 25.8% of its shares from National Reserve Corporation, a group controlled by Russian oligarch Alexander Lebedev, a former Soviet intelligence officer. NRK will reportedly receive approximately $400 mn for the stake, though details have not been disclosed officially.
Home » Industrials
You are browsing entries filed in “Industrials”
[CSIZ CH] China Shipbuilding Industry Corp :: FY 2009 NI up 18.5% YoY
China Shipbuilding Industry Corp said FY 2009 gross income rose 17% YoY to CNY 120.9 bn and profit rose by 18.5% YoY to CNY7.39 bn ($1.08 bn).
The Beijing-based company, parent of China’s largest maker of equipment for vessels, said the company is now able to manufacture 180,000-dwt bulkers, 320,000-dwt oil tankers, 13,000-TEU containers as well [...]
Singapore :: December industrial production up 14.4% YoY, 18% MoM
Singapore’s industrial production rose by 14.4% YoY (and by seasonally adjusted 18% over November). In November output fell by 9.5% YoY (and a revised 4.6% MoM).
[006400 KS] Samsung SDI :: 4Q 2009 OI misses forecast on higher depreciation, weaker prices
Samsung SDI, South Korean maker of lithium-ion batteries and plasma display panels, reported a modest 8.8% YoY decline in 4Q 2009 OI to KRW46.7 bn ($40.6 mn
[DPW DU] DP World :: FY 2009 profit warning on lower volumes
Port operator DP World, a unit of state-owned conglomerate Dubai World, blamed a decline in container volumes for the expected decline in full year pretax profit. Container volumes in 1H 2009 fell 8% YoY to 25.6 mn TEUs (twenty foot equivalent units) across its 28 consolidated terminals.
[601106 CH] China First Heavy Industries :: Launching IPO to raise CNY8.4 bn.
China First Heavy Industries, a heavy machinery manufacturer, revealed plans on Friday to launch a 2 bn A-share IPO (30.59% of its expanded capital) on Shanghai Stock Exchange this week to raise at least CNY8.4 bn ($1.23 bn) to finance manufacturing projects and working capital.
The company, one of the largest manufacturers of heavy machinery in [...]
[0390 HK] China Railway Group :: FY 2000e NI up >400% YoY; Plans $879 mn bond issue
China Railway Group, the country’s largest construction company, said Friday that its estimated FY 2009 NI soared by over 400% YoY to CNY1.12 bn, driven by China’s growing investment in infrastructure. The company said on Sunday that it plans to issue CNY6 bn yuan ($879 mn) in bonds to repay loans, adjust its capital structure and finance working capital requirements.
[601268 CH] China Erzhong Group Deyang Heavy Industries :: IPO approved
Sichuan-based heavy machinery maker China Erzhong Group Deyang Heavy Industries approved to offer up to 300 mn A-shares, or 17.75% of equity in a Shanghai IPO. The company had said that it intends to use Rmb2.09 bn of the net proceeds to fund project, in nuclear power, hydropower and technology.
[601179 CH] China XD Electric :: Shanghai IPO seeking $1.5 bn
Xi’an-based China XD Electric, China’s largest maker of largest high-voltage electrical infrastructure equipment aims to raise Rmb10.27 bn ($1.5 bn) from a Shanghai initial public offering (IPO) of 1.37 bn A-shares in a price range of Rmb7.10 – 7.90 per share. At implied 2008 P/E of 30.7 – 34.2 its valuation is relatively attractive versus [...]