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Home Inns & Hotels Management Inc (NASDAQ: HMIN), a leadingChinese budget hotel chain, has been given a credit line totalling$240 million from eight banks, including Credit Suisse and JPMorganChase, CEO Sun Jian said. The loans are to be repaid in five yearsand will cover some of its expenses to acquire smaller peer Motel168. Home Inns agreed in May to purchase Motel 168 for $470million, of which $305 million will be paid in cash. CNPC, the parent of China's largest oil maker PetroChina Co (NYSE:PTR, SHA: 601857, HKG: 0857), said it plans to work with QatarPetroleum and Shell China to build a refinery in Taizhou, Zhejiangprovince. The project, which is estimated to cost ¥80 billion,will be 51% owned by CNPC and 24.5% each by Qatar Petroleum andShell China. China Telecom Corp (NYSE: CHA, HKG: 0728), the smallest of thenation's three top wireless carriers, signed a frameworkpartnership deal with France Telecom to improve France Telecom'sOrange service in China and China Telecom's access services inEurope. They will also cooperate in construction of internationalcable networks and the provision of Wi-Fi international roamingservices to each other's customers. China Southern Airlines Ltd (NYSE: ZNH, SHA: 600029, HKG: 1055)said its passenger traffic totaled 6.84 million people and cargotraffic totaled 108,430 tons in September, up 3.6% and down 5% yearon year respectively. During the first nine months its passengertraffic totaled 60.48 million people and cargo traffic totaled828,890 tons, up 5% and 1.7% respectively from the same period ayear ago. Air China Ltd (SHA: 601111, HKG: 0753) said its passenger traffictotaled 4.21 million people and cargo traffic totaled 103,093 tonsin September, up 5.8% and down 2.5% year on year respectively.During the first nine months its passenger traffic totaled 36.97million people and cargo traffic totaled 857,014 tons, up 6% and2.6% respectively from the same period a year ago. Tencent Holdings Ltd (HKG: 0700), a leading Chinese Internetcompany, has introduced an English version of Weibo, itsmicroblogging service, to compete with that of Sina's, which ismore prevalent. When accessed from a non-Chinese IP address, theChinese language-default site will automatically switch to English. Lenovo Group Ltd (HKG: 0992), China's largest personal computermaker, became the world's second largest maker by shipment afterselling 12.35 million units 3Q 2011, according to preliminaryfigures from Gartner. The volume was up 25.2% from a year earlierand represented a 13.5% market share, after HP's 16.23 millionunits and a 17.7% market share. Winsway Coking Coal Holdings Ltd (HKG: 1733), a Beijing-basedcoking coal trader, said it has signed a memo with Missouri-basedPeabody Energy Corp (NYSE: BTU) to set up a joint venture sellingcoking coal in China and Asia Pacific. Gemdale Corp (SHA: 600383), a leading property developer based inShenzhen, said it sold 310,000m2 in floor space valued at ¥3.78billion in September, down 37.6% and 36% year on year respectively.During the first nine months it sold 1.46 million m2 valued at¥19.73 billion, up 9.6% and 28.4% respectively from the sameperiod a year ago. Huadian Power International Co (SHA: 600027, HKG: 1071), China'sthird power producer by capacity, said its electricity generationjumped 17% year on year to 111.67 million kW hours in the firstnine months of this year. Lifan Industry Group Co (SHA: 601777), a Chongqing-based automaker,plans to build a 440,000m2 plant in Guizhou province to makeheavy-duty trucks, chairman Yin Mingshan said, without revealingthe budget for the project. Lifan's output of passenger cars andmotorcycles – its main products – was 84,657 and626,568 respectively in the first nine months of this year. Beijing Jangho Curtain Wall Co (SHA 601886), a curtain wall systemdeveloper, said it has won a ¥303 million contract fromKuwait-based Arabtec Construction & Combined Group ContractingCo. The amount is equivalent to 5.85% of its revenue in 2010. $1 = ¥6.36. I am an expert from industrial-lightingfixture.com, while we provides the quality product, such as China LED Lights For Bicycles , Led Miners Cap Lamp Manufacturer, Led Miners Cap Lamp,and more.
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