SINOPEC ENGINEERING SUBMITS LISTING APPLICATION FOR US$1.5 BLN HK IPO -SOURCES
Sinopec Engineering Co., an engineering unit of state-owned
China Petrochemical Corp., has submitted a listing application to
Hong Kong's stock exchange for a US$1.5 billion initial public
offering, two people with direct knowledge of the matter told Dow
Jones Newswires Tuesday. (published 0515 GMT)
SAMSUNG ELECTRONICS ESTIMATES RECORD QUARTERLY PROFIT IN FOURTH QUARTER
Samsung Electronics Co. said Tuesday it estimates another record
quarterly operating profit for the fourth quarter, indicating that
the South Korean technology giant continued to benefit from strong
demand for its smartphones despite stiff competition and a global
patent dispute with rival Apple Inc. (published 2354 GMT)
CARLYLE GROUP RAISES US$796 MLN IN CHINA PACIFIC SALE - SOURCE
U.S. private equity firm Carlyle Group LP has raised US$796
million by selling its remaining stake in China Pacific Insurance
Co., a person familiar with the matter said Tuesday, marking the
end of a lucrative investment in the Chinese insurer. (published
0118 GMT)
YANCOAL SECURES US$596 MILLION DEBT FACILITY FROM YANZHOU COAL
Yancoal Australia Ltd. said Tuesday it had secured a US$596
million loan facility from its majority shareholder, Yanzhou Coal
Mining Co. Ltd. (published 2246 GMT)
FORTESCUE DENIES REPORTS OF ABNORMAL DELAYS TO SHIPMENTS
Fortescue Metals Group Ltd. said it wasn't experiencing any
unusual delays to iron-ore shipments, refuting a media report
claiming unspecified equipment problems were holding up the loading
of cargoes. (published 0431 GMT)
WSJ: ANOTHER FIRE HITS BOEING 787
U.S. aviation safety officials are probing an electrical fire
that hit a three-week-old Boeing Co. 787 Dreamliner on Monday, just
after passengers and crew had left a Japan Airlines Co. flight at
Boston's Logan International Airport. (published 2354 GMT)
ASAHI: AIM TO SELL 164 MLN CASES OF BEER IN 2013, UP 0.5%
Asahi Group Holdings Ltd. said Tuesday it is targeting sales of
164 million cases of beer this year, up 0.5% from its sales
estimate for 2012. (published 0506 GMT)
SHANGHAI STOCK EXCHANGE UNVEILS NEW RULES TO BOOST DIVIDEND PAYMENTS
Shanghai's stock exchange has issued new rules aimed at
encouraging listed companies to pay out more cash dividends, as
part of a country's broader campaign to boost the local stock
market. (published 0457 GMT)
FIRES MAY WIPE 10% OFF TASMANIA FARM PROFITS IN FY13-FARM LOBBY
Wildfires have destroyed an area that accounts for 10% of
Tasmania's agricultural earnings and may be starting to spread to
some of the Australian state's most productive farmland, the head
of the state's main farm lobby group said Tuesday. (published 0530
GMT)