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Archive for December 2012

Engineering Listed on HKEx Main Board

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SHANGHAI /PRNewswire/ — Wison Engineering services. Co. Ltd. (“Wison Engineering”or the “Company”), the largest private sector chemical engineering, procurement and construction management (“EPC”) service provider in China by 2011 revenue, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited today under the stock code of 2236.
Shares of Wison Engineering closed at HK$ 2.79, with the total number of shares traded amounting to approximately 97.6 million shares. Total turnover of the Company’s shares amounted to approximately HK$ 272.6 million. The Company’s net proceeds from the Global Offering are approximately HK$ 1,190.6 million which will be used to enhance research development and expand daily operation.
In its public offering on 13 December 2012, Wison Engineering offered 600,000,000 Shares in the Global Offering comprising 480,000,000 new Shares and 120,000,000 Sales Shares. Wison Engineering has enlisted Chow Tai Fook Nominee Limited (“Chow Tai Fook”), Solar City Holdings Limited (“Solar City”) and EA Asia Absolute Return Master Fund (“EA Asia”) as cornerstone investors.
Mr.Hua Bangsong, Senior Vice President of Wison Engineering said, “The Hong Kong listing is an important milestone for the development of Wison Engineering. The successful listing not only enhances our capital strength, but also further strengthens our leading position in the industry and will accelerate the Company’s next stage of development.”
Wison Engineering has enjoyed solid growth in the past three years. From 2009 to 2011, the Company’s revenue had a compound annual growth rate (CAGR) of 63.5%, while its profit and total comprehensive income attributable to shareholders of the parent had a CAGR of about 58.5%.
The demand for oil refineries and petrochemicals products has soared on the back of global economic growth, especially the fast pace of China’s development in the past 20 years. Meanwhile, the Chinese government has encouraged coal-based chemical production to reduce dependence on petroleum, which has greatly expanded the EPC market in oil refining, petrochemicals and coal-to-chemicals industries. Wison Engineering has leveraged the enormous market opportunities to become the largest private sector chemical EPC service provider. With its project execution experience and established network of suppliers and sub-contractors, Wison Engineering has forged close partnerships with clients. Furthermore, we have been awarded over 30 patents and our company is also one of the six in the world to have developed proprietary commercial ethylene cracking furnace technologies, as well as patented coal-to-chemicals technologies including MTO light olefins separation technology.
Mr. Hua Bangsong added, “Looking forward, we will take advantage of the favorable operating environment with our strengths in project execution and technological innovation, along with our proven track record and established supplier and sub-contractor network. We will further strengthen our design and engineering capabilities, consolidate and fortify our leadership position as a leading provider of EPC services in China’s petrochemical industry, continue to recruit talent and capitalize on the experience gained from our milestone projects in China to grow our presence in international markets, including Southeast Asia, the Middle East, West Africa and Latin America, to maximize returns to our shareholders.”
Source: Wison Group

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December 31, 2012 at 2:39 pm

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The 2012 Perfect Rising Star Creative Competition Draws to A Successful Close

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BEIJING /PRNewswire/ — The Perfect Rising Star Creative Competition, the seven-month-long competition which sought to identify and reward excellence in creative thinking, drew to a successful close with the awards ceremony which took place in Beijing on December 19, 2012. Perfect World Co-CEO Xiao Hong, together with the guests from the Central Academy of Fine Arts, Guangzhou Academy of Fine Arts, Peking University, Communication University of China, Beijing Film Academy and other colleges and universities, as well as a number of leading media organizations, attended the ceremony, jointly witnessing the arrival of the perfect Rising Star winners and sharing in the showcase of the unique originality of Chinese culture.

Perfect World Co-CEO Xiao Hong delivering a speech
At the awards ceremony, Xiao Hong said: “As a company focusing on fostering creative talent, Perfect World would like to make contributions to China’s creative industry.” Meanwhile, he said: “Creative talent is indispensable to the development of many industries including game animation. We hope that the competition can help set a benchmark and contribute to the whole industry.”
Xiao Hong further added, “With the aim mainly focused on selecting and exhibiting excellence in creative works, the competition is geared to all of China’s college students who love their creative side and who dream of making use of that creativity in what they do. Perfect World hopes that through the competition, more of that creative spirit can be identified and brought to the fore, and can serve as a well of talent ready to contribute their creativity and imagination to China’s culture.”
The 2012 Perfect Rising Star Creative Competition took artistic expression as an entry point and gathered more than 2,000 selected works from five major cities – Beijing, Shanghai, Guangzhou, Chengdu and Wuhan. The top 20 winners, after going through a stringent multi-stage filtering and selection process, were chosen to be the Perfect Rising Stars and presented with their awards at the ceremony, demonstrating the successful conclusion of the competition.
Following the awards ceremony, Mr. Xiao Hong attended the kick-off ceremony for the 2013 Competition together with the college leaders and media guests in attendance. In 2013, the Perfect Rising Star Creative Competition will widen its focus to include music, photography, videography, programming and game design, offering more opportunities for people to display their creative talents. In addition, the competition aims to create even more opportunity for creative minds worldwide to learn about and fall in love with Chinese culture via the platforms of Perfect World.
Source: Perfect World Co., Ltd.

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December 31, 2012 at 11:45 am

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Canton Fair — “A Burgeoning Platform for Africa-China Trade”

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GUANGZHOU, China /PRNewswire/ — Trade between China and Africa has displayed sustainable growth despite the ongoing global financial crisis. According to Chinese customs data, Sino-African trade value rose 31% to $166.3 billion last year. As of April 2012, China’s direct investment in Africa totalled $15.3 billion – a 30-fold increase from a decade ago – and China has been Africa’s largest trading partner for the last three years.
Many African businesspeople have achieved great success by attending the Canton Fair. Of the 188,145 foreign buyers who attended the 112th Canton Fair, which closed early last month, 13,362 (over 7%) were from Africa. This has positively impacted the commercial development of the continent and enhanced the quality of life of many African people. The deepening trade ties between China and Africa are not only evidenced by an increase in trade volume, but also by the strengthening of countless business relationships and a growing reliance of Africa on the quality and competitive price of China-sourced goods.
The competitive price of goods available through the Canton Fair is clearly a major draw for many African importers. One Nigerian businesswoman, in Guangzhou to purchase window frames and rainwear, said the 112th Canton Fair was the fourth consecutive event she had attended. “Chinese goods are of ideal price and good quality,” she asserted, having exhaustively surveyed exhibitors’ prices.
A 46-year-old Burkina Faso businessman revealed that he’d been attending the Canton Fair twice a year since 2004. An experienced purchaser at the Fair, he is accustomed to inspecting products, asking prices, taking notes, and requesting catalogues and name cards.
Paul Chisora decided to attend the Canton Fair after seeing an advertisement on a website. The 20-year-old Zimbabwean was hoping to buy competitively priced gift items such as cups, vases and stationery, to be branded and sold later in his own country.
Former Vice-Minister of Commerce Wei Jianguo said recently that he expects China’s trade with Africa to hit USD 220 billion this year, and that it will surpass Sino-American and Sino-European trade over the next five years. The Canton Fair will surely continue to play a major part in this trend.
The 113th Canton Fair will be in April & May 2013 in Guangzhou, China.
For further information please visit: http://www.cantonfair.org.cn
Source: The Canton Fair

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December 31, 2012 at 9:57 am

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Matson Signs Agreement to Acquire Assets of Reef Shipping in the South Pacific

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HONOLULU/PRNewswire/ — Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, announced today that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.
(Logo: http://photos.prnewswire.com/prnh/20120605/SF19690LOGO)
“With this acquisition, Matson continues to expand its geographic reach into the South Pacific, and build on its well-earned expertise as a Pacific island carrier,” said Matt Cox, president and CEO. “While the purchase itself is relatively small, it complements our growing network of Pacific island services. Historically, Matson vessels, including both freighters and luxury passenger ships, served the South Pacific for five decades, beginning in the 1920s. We are proud to return today to provide the same level of superior customer service and on-time delivery that is the hallmark of our other trade lanes.”
After this acquisition, Matson will continue to provide service to Reef’s historical core trade lanes from Auckland, New Zealand and Fiji to the island nations of Nauru, the Solomon Islands, Tahiti, Samoa, Cook Islands, Niue, Tonga, Wallis and Futuna, Vanuatu, Tarawa and Majuro – all of which will be new markets for Matson.
In addition to the Hawaiian Islands, which Matson has been serving continuously since 1882, the company’s Pacific island services today include Guam, the Commonwealth of the Northern Marianas Islands, the Republic of Palau, the Federated States of Micronesia and the Republic of the Marshall Islands.
About Matson
Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia and premium, expedited service from China to Southern California. The Company’s fleet of 17 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Additional information about Matson, Inc. is available at http://www.matson.com.
Forward-Looking Statements
Statements in this news release that are not historical facts are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to the satisfaction of conditions to closing, the ability to successfully integrate the transaction, regional, national and international economic conditions; new or increased competition; fuel prices; our relationship with vendors, customers and partners and changes in related agreements; conditions in the financial markets; changes in our credit profile and our future financial performance; the impact of future and pending legislation, including environmental legislation; government regulations and investigations; and the occurrence of marine accidents, poor weather or natural disasters. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our former parent company’s (Alexander & Baldwin, Inc.) Annual Report on Form 10-K and our former parent company’s and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.
Investor Relations inquiries: Media inquiries:
Joel M. Wine Jeff S. Hull
Matson, Inc. Matson, Inc.
510.628.4565 510.628.4534
jwine@matson.com jhull@matson.com
Source: Matson, Inc.

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December 28, 2012 at 11:03 am

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Vice Chairman and CEO of Jin Jiang International Hotel, Mr. Yang Weimin, was awarded the “Public’s Choice Award for Best CEO”

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SHANGHAI, Dec. 24, 2012 /PRNewswire/ — Mr. Yang Weimin, Vice Chairman and CEO of Jin Jiang Hotel, was awarded the “Public’s Choice Award for Best CEO” at the “2012 China’s Best Business Leader Awards” ceremony held by China Business News on 7th December, 2012.

Mr. Yang Weimin (pictured left), Vice Chairman and CEO of Jin Jiang Hotel, was awarded the “Public’s Choice Award for Best CEO”
The award ceremony first started in 2005, and this year on their eighth ceremony, China Business News invited the China Europe International Business School (CEIBS) to help build a voting committee platform. The voting process started in June this year, and the winner of the award was selected based on publicly elected votes. The award highlights Mr. Yang Weinmin’s recognition as this years’ most recognized CEO in China.

Speaking at the ceremony, Mr. Yang Weimin expressed in his speech:

“This award is not only given to me personally, it is given to the entire Jin Jiang management team and the much recognized Jin Jiang brand. Along with the rapid development of China’s tourism industry over the years, Jin Jiang Hotels Group firmly pushes towards the internationalization of the brand and its efforts to build Jin Jiang as a national brand of China.”

About Jin Jiang International Holdings Company Ltd:

The company is part of Jin Jiang International Holdings Company Ltd and together with their sister company Jin Jiang Inn and Interstate Hotels and Resorts, overall, the group privately owns and operates a collection of over 900 hotels ranging from premium upscale five star to economy hotels in more than 200 cities across China. In 2011, the Jin Jiang Group was ranked as the 9th largest chain globally amongst 325 top hotel companies worldwide in HOTELS Magazine’s annual ranking of the largest hotel chains in the world.

The company is also involved in strategic partnerships with some of the world’s best-known hospitality companies like Marriott, Hilton, Intercontinental, Fairmont, Sofitel, and corporations like Mitsui, JTB, Yellow Roadway, HRG, Les Roches International School of Hotel Management. Jin Jiang owns a number of well-known hotels managed by international hotel brands such as the Fairmont Peace Hotel, Waldorf Astoria Shanghai On The Bund, Renaissance Yangtze Hotel and Double Tree by Hilton Shanghai. It is also actively involved in strategic tourism partnerships and investments like Thayer Jin Jiang Interactive Co Ltd, Interstate China, Jin Jiang Fairmont and Les Roches Jin Jiang International Hotel Management College.

About Jin Jiang International Hotel Management Company Ltd:

Jin Jiang International Hotel Management Company Ltd, the largest star rated hotel management company in China, has a portfolio of over 111 distinctive star rated hotels with a room inventory of over 34, 000 hotel rooms spread across 73 cities in China. Under the Jin Jiang branding concept, the company has a new premium “J” hotel brand, five star properties which include the renowned heritage collection, their four star Jin Jiang properties and the Marvel Hotels, which are geared more towards business travelers.

The company is part of Jin Jiang International Holdings Company Ltd and together with their sister company Jin Jiang Inn and Interstate Hotels and Resorts, overall, the group privately owns and operates a collection of over 900 hotels ranging from premium upscale five star to economy hotels in more than 200 cities across China. In 2011, the Jin Jiang Group was ranked as the 9th largest chain globally amongst 325 top hotel companies worldwide in HOTELS Magazine’s annual ranking of the largest hotel chains in the world.

SOURCE Jin Jiang International Hotel Management Company Ltd

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December 28, 2012 at 10:39 am

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The 3rd NextGen China 2013 is Upcoming

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Seizing the business opportunity of generic drugs in the cycle of innovation & competition
SHANGHAI /PRNewswire/ — After the great success of NextGen China 2012, CPhI Conferences is going to host the 3rd NextGen China 2013 on 28th-29th March in Shanghai. NextGen China 2013 will gather 120 plus key decision-makers from government agencies, generic and bio-pharma manufacturers for deeper discussions about the concerns and bottlenecks during the process of generics drug R&D, application, registration and production. Interactive topics will be diversified from 3 perspectives: regulatory updates, process quality innovation and “Going-out & Introducing-in” R&D cooperation. This is an indispensable industry insight and a networking platform tailor-made for domestic and overseas generic-pharma professionals, who contribute a lot to the generic drug value-chain growth and know-how upgrading.

NextGen China 2012 On-site Photo

March 2012 witnessed the first session of NextGen China 2012 in Shanghai. The conference has successively invited speakers from the FDA, USP, SIFDC and most leading pharmaceutical companies in both China and overseas, and 180 plus decision makers of generics development. Many attendees also had great comments on the event. Mr. Zhao Xiaowei, Project Manager of FERGUSON said, “The 2-day conference gave me a deeper understanding of China’s generics technology dynamics and networking with many industrial professionals and peers.” Mr. Zhang Suoqing, R&D Manager of North China Pharmaceutical said, “The conference gave me insight to generics impurity spectrum technical qualifications, the assessment of generics consistency, and USP Pharmacopoeia knowledge.”
The emerging generics market is booming with the diversified opportunities and challenges:
Currently, the global generics market has a value of $80 billion and is growing at a rate of 8 percent, while the generic drug industry of China is growing at a tremendous rate of 25 percent
The next three to five years will see the peak period of patent expiry for international drugs, providing a good opportunity for most generics enterprises
China is a large market for generic drugs, constituting 95 percent of the Chinese drug market but their quality is far from satisfactory
China expects to become the world’s second largest drug market in 2015
Above all, NextGen contributes to the extension of generic drugs, market expansion and technological updates for the generics manufacturers and innovative pharma manufacturers.
2013, Do you want to seize the opportunity of generic drugs in the cycle of innovation & competition?
Interpretation of the latest laws and policies concerning generic drugs – How can generic drugs make headway in their application of conforming to generic consistency?
The application process for generic drugs and the qualification requirements in assessing generic drugs – How to ensure that the production quality is up to standard and new achievements are made in innovation?
Ways of combining imitation with innovation for generic drugs – How can generic drugs match new technologies to maintain consistency?
New ideas of cooperation and R&D for generic drugs — What to do next for the manufacture of generic drugs?
For more information, please log on http://www.nextgen-china.com/en/feedbacka.asp?Id=97 or email to askconference@ubm.com
Media Contact
Ms. Tracy Cui
Tel: +86-21-6157 3919
Fax: +86-21-6157 7299
Email: tracy.cui@ubm.com
Source: CPhI Conferences 

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December 28, 2012 at 10:05 am

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The Company Artprice Is Now Listed on the SBF 120 and Has Crossed the 2 Million Customers Threshold

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PARIS /PRNewswire/ — After the close of markets on 21 December 2012, ARTPRICE joined the prestigious SBF 120 index. Following the quarterly review of the Euronext Paris indices, the meeting of the Scientific NYSE Euronext Committee for Indices decided to admit Artprice.com into the CAC Mid 60 and the SBF 120. The SBF 120 index is composed of the 120 largest French listed companies, including the CAC 40 companies and the country’s 80 most liquid stocks.
The current liquidity of the Artprice share is 3.83 million euros per day calculated over 440 trading days (amounting to a total of 1.688 billion euros).
Thierry Ehrmann, founder and CEO of Artprice, wishes to inform its shareholders and the market that in accordance with the company’s forecasts at the start of 2012, Artprice crossed the threshold of two million customers on 18 December 2012.
In 2013, Google and Baidu (China) will have direct access to all Artprice databases
As announced in its last press release, in early December Artprice began making available a very large part of the structure of its databases and its Market Art standardization as freeware online (free proprietary software license, but with certain usage restrictions), mainly via Google and Baidu (China).
Artprice is thus continuing – without any negative impact on its turnover or earnings – to acquire new customers (with accompanying behavioural logs) in the framework of its integration of Big Data implemented in early 2012.
Artprice now has a colossal customer database with records of over 18 billion logs – in full compliance with the regulations of the European and American authorities – allowing it to know exactly what each of its clients is looking for and/or possesses through its Data Mining activities over the past nine years. This system has recently been enhanced by the use of Big Data.
All the industrial processes comprising Artprice’s databanks are registered and protected, notably via patents filed with the -Agence de Protection des Programmes- (A.P.P.) (Software Protection Agency).
-Lex Google- is not really the right answer in the global digital economy.
The relationship between Google and Artprice is contractual and dates back to 2003. It is in itself, proof that -Lex Google- is not really the right answer in the global digital economy. In 2013, Artprice aims, mainly with Google and Baidu (China) in their various languages, to post about 210 million standardised free Art Market data online without impacting its sales and earnings and to be active at the core of the market via its fixed-price and auction-based Standardised Marketplace.
Indeed, in the context of its contractual agreements with Google, several hundreds of millions of standardised and free Artprice data have been made available on Internet since early December 2012.
Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering more than 500,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice’s art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 2.072 million members (member log in), Artprice posts standardized adverts in what is today the world’s leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alineas 2 et 3 de l’article L 321.3 du code du commerce- (source Artprice).
Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos.
Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only): Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF
Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm
Follow all of the art market’s news with Artprice on Twitter:
http://twitter.com/artpricedotcom/
Contact: Josette Mey – tel: +33(0)478-220-000, e-mail: ir@artprice.com

Source: Artprice.com

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December 27, 2012 at 2:25 pm

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