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Tuesday, August 15, 2006

China Paradise's 89% profit slump sheds light on takeover


China Paradise's 89% profit slump sheds light on takeover
First-half earnings at China Paradise Electronics Retail Ltd plummeted nearly 90 per cent, highlighting management and cost problems and shedding light on last month's Gome takeover deal, analysts said.

/ Top Biz News (China Daily)
First-half earnings at China Paradise Electronics Retail Ltd plummeted nearly 90 per cent, highlighting management and cost problems and shedding light on last month's Gome takeover deal, analysts said.

China BAK Announces Delay in Filing Its Form 10-Q (SYS-CON Media)
SHENZHEN, China, Aug. 14 /Xinhua-PRNewswire/ -- China BAK Battery, Inc. , one of the largest lithium-ion battery cell manufacturers in China and in the world, announced today that it will delay the filing of its Form 10-Q for its FY06 third quarter ended June 30, 2006 and has filed a Form 12b-25 with the Securities and Exchange Commission (SEC) for an extension for its FY06 third quarter Form

HSBC vows to provide RMB services
SHANGHAI: Banking giant HSBC said yesterday it was reviewing proposals made by China's banking regulator requiring foreign lenders to locally incorporate their business in China in order to provide RMB services to individual customers.

Asian Stocks Rise; Nissan, LG Electronics Pace Exporters Higher (Bloomberg.com)
Aug. 14 (Bloomberg) -- Asian stocks rose after the dollar gained against the region's currencies, bolstering the value of exporters' overseas sales. Nissan Motor Co. and LG Electronics Inc. paced the advance.

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