All posts by Catherine Matacic

Chinese Government to Prop up Domestic Dairy Firms with $4.9 Billion Infusion

According to Chinese media reports, five of the country’s largest milk powder producers—China Mengniu Dairy Co., Inner Mongolia Yili Industrial Group Co., Feihe International Inc., Heilongjiang Wondersun Dairy Co., and Treasure of Plateau Yak Dairy Co.—will soon receive government funds...

/ September 22, 2013

China’s Biggest Internet Company Pays $448 Million for Search Engine Stake

China’s largest internet company, Tencent Holdings Ltd., on September 16 said that it had paid $448 million for a 36.5 percent stake in the country’s third-largest search engine, Sogou, in an effort to win more users. Tencent—a provider of online...

/ September 17, 2013

Chinese Mall Developer Plans $1 Billion Hong Kong IPO

Shenzhen-based SZITIC Commercial Property Co. told the Wall Street Journal on September 10 that it is planning a $1 billion Hong Kong IPO that could come as early as the end of this year. SZITIC, founded in 2003, has developed...

/ September 11, 2013

Swedish Tissue Paper Maker Bids $1.1 Billion for Vinda International

Swedish tissue paper maker SCA Group Holding BV said on September 9 that it would bid $1.1 billion for Vinda International Holdings, one of China’s biggest manufacturers of toilet paper, tissues, paper towels, and diapers. Since 2009, Vinda’s revenues have...

/ September 10, 2013

China Huishan Dairy Prepares for $1.3 Billion IPO

In what would be the Hong Kong’s largest initial public offering (IPO) in four months, China Huishan Dairy Holdings Co. plans to raise $1.3 billion in a late September listing. People with knowledge of the deal say that Huishan has...

/ September 9, 2013