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Sinopec, MitsuiChem Form JV Rubber Plant Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386) and Japan's MitsuiChemicals will establish a 50:50 venture in China to produce andsell EPDM rubber. The project is expected to cost a total of ¥2billion and manufacture 75,000 tons of the material annually onceoperational in Q1 2014. Perfect World Q1 Net Profit Drops 20% Perfect World Co (Nasdaq: PWRD), a Chinese online game developerand operator, posted $114 million in revenues and $33.3 million innet profits for Q1 2012. Revenues were unchanged compared to thesame period a year ago, while net profits fell 20% as the companyfailed to retain players after offering no new games during theperiod. Shenhua Energy's Coal Berths Plan Cleared China Shenhua Energy Co (SHA: 601088, HKG: 1088), the nation'sbiggest coal producer, said it has been given regulatory approvalto go ahead with its ¥3.82 billion plan to build three berthsfor coal shipments in Tianjin, a port city near Beijing. The threeberths will be able to carry 35 million tons of coal a year. TheChinese government has eased its scrutiny on infrastructureprojects as the economy shows signs of weakening. Shenhua Energypreviously said its coal output would rise 2.8% to 289.9 milliontons this year. Air China Eyes Operation in Inner Mongolia Air China Ltd (SHA: 601111, HKG: 0753), the nation's third biggestcarrier by passenger traffic, plans to team up with the provincialgovernment of Inner Mongolia to found a joint venture regionalairline. The project is pending regulatory approval. Air China hasso far developed partnerships with the local governments of Dalian,Beijing, Shenzhen and Tibet for regional operations. Shandong Gold Close to Acquiring 105 Tons of Gold Resource Shandong Gold Mining Co (SHA: 600547) has agreed to acquire as manyas 105 tons of gold reserves from two miners based in Laizhou,Shandong province, a person with knowledge of the issue said. Thedeal will likely help Shandong Gold surpass Zhongjin Gold Co (SHA:600489) as China's biggest producer of the precious metal. Nofinancial details were disclosed. $1 = ¥6.33. We are high quality suppliers, our products such as Microsoft Office Software Manufacturer , China Windows 7 Product Key Sticker for oversee buyer. To know more, please visits Windows 7 Product Key Sticker.
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