left corner left corner
China Daily Website

  • Yili to produce milk powder in New Zealand

    2012-12-19 11:49

    Inner Mongolia Yili Industrial Group Co Ltd, the Chinese dairy giant, announced plans on Tuesday to produce 47,000 tons of baby milk powder annually in New Zealand after buying all of the shares of a New Zealand dairy company.

    According to the notice, the total investment of the proposed project in South Canterbury, New Zealand, will be more than NZ$214 million ($174 million), while production is expected to begin in June 2014.

  • PetroChina buys into Australia LNG project

    2012-12-13 10:03

    Asia's biggest oil producer PetroChina Co Ltd agreed to buy BHP Billiton Ltd's shares of liquefied natural gas project in Australia at a price of $1.63 billion - the biggest overseas acquisition by the company this year - to further expand its foreign assets.

    International mining giant BHP announced on Wednesday that it will sell its 8.33 percent interest in the East Browse Joint Venture and 20 percent interest in the West Browse Joint Venture, located off western Australian, to the Chinese oil and gas company.

  • Pengxin completes New Zealand dairy farms purchase

    2012-12-04 11:16

    Shanghai Pengxin Group has completed the purchase of 16 dairy farms in New Zealand, after nearly two years convincing local authorities.

  • State Grid inks Australia deal

    2012-11-30 09:59

    State Grid Corp of China, the world's largest utility company, announced plans on Thursday to gain a 41.1 percent stake in a large Australian power company.

    The proposed deal would see State Grid buy the stake in ElectraNet Pty Ltd, which operates the electrical grid in Southern Australia, from the Queensland state government's Powerlink.

    Earlier this month, Liu Zhenya, president of State Grid, said the company aims to quadruple its overseas assets by 2020, bringing their value as high as $50 billion.

  • 3rd ICBC Australian branch opens in Melbourne

    2012-11-13 11:51

    China's Industrial and Commercial Bank of China on Monday officially opened its branch in Melbourne.

  • China's Haier makes takeover bid for NZ firm

    2012-09-12 16:37

    Chinese home appliance giant Haier Group has made a full takeover offer on New Zealand's Fisher & Paykel Appliances, highlighting a recent buying spree by Chinese companies seeking to expand in overseas markets.