Page 81 - China Development News Today

Chinese investors of PJSC Motor Sich have increased the preliminary cost of claims against Ukraine in international arbitration from $3.5 billion to $3.6 billion, according to the website created by them for the company shareholders' meeting, which was never held on January 31 this year.

China Development tender offer for insurer succeeds By Kao Shih-ching / Staff reporter China Development Financial Holding Corp (中華開發金控) yesterday said its public tender offer for China Life Insurance Co (中國人壽) was successful. China Life shareholders with a combined 25.76 percent stake accepted its offer of NT$23.6 per share, higher than its previous target, China Development said. The tender offer opened on Jan. 8 and closed on Tuesday. It was conditional on China Develo...

Ukraine to attract legal advisor to defend country in intl arbitration involving Chinese investors of Motor Sich 2 min read The Ministry of Justice of Ukraine plans to involve a legal advisor to protect the interests of the state in arbitration in accordance with international rules, which was initiated by Chinese investors in PJSC Motor Sich. The claimed amount of damages estimated by the applicants is approximately $3.5 billion. The draft resolution on selecting the advisor was submit...

Beijing rebuffed pleas from Chinese steelmakers to lift ban on Australian coal We’re sorry, this service is currently unavailable. Please try again later. Dismiss Beijing rebuffed pleas from Chinese steelmakers to lift ban on Australian coal Normal text size Advertisement The Chinese government has rejected pleas from its own steel industry to lift bans on Australian coal cargoes, keeping dozens of ships holding 8 million tonnes of the commodity stranded at sea. More than 70 vessels carrying ...

Kenya is headed for IMF’s bitter pill Friday January 15 2021 By JAINDI KISERO Summary We have told the world that we will be devoting the resources freed up by this action by our bilateral creditors to increase spending on health, and on mitigating the economic and social impact of the Covid-19 crisis. We have also said that we will now be approaching China, who is not a member of the Paris Club, to also suspend debt service so that comparability of treatment is achieved, Without a doubt, the...

Trump administration considering adding Alibaba and Tencent to blacklist of Chinese companies | 2021/01/07

news China Merchants signs US$350 million deal for Shekou-style revamp of Djibouti port The Port of Djibouti, which is more than a century old, is being redeveloped. Photo: AP Chinas biggest port operator has moved to consolidate its foothold in Djibouti after it agreed a financing deal with the East African nation to turn its Port of Djibouti into an international business hub. China Merchants Group signed the US$350 million investment deal with state-owned company Great Horn Investment Holdi...

Chinese investors, Yaroslavskys MS-4 convene meeting of Motor Sich shareholders for Jan 31 2 min read Skyrizon Aircraft Holdings Limited (the British Virgin Islands) of Chinese investors and MS-4 LLC (Kharkiv) of Ukrainian businessman Oleksandr Yaroslavsky, as the owners of more than 10% of the shares, convene an extraordinary meeting of PJSC Motor Sich (Zaporizhia) on January 31. According to the information disclosure system of the National Securities and Stock Market Commission, the ...

Mass Power Outages Reported in Major Cities of Southern China Major cities in China’s southern Guangdong Province experienced sudden widespread blackouts on Dec. 21. The power outages lasted for more than an hour, causing panic among residents. Amid the power usage restrictions enforced by several provinces since last week, the recent incident fuels concern about China’s energy crisis as coal imports from Australia have been banned due to trade disputes between both countries. From midnight...

705 The Natural Resource and Governance Institute (NRGI) has asked the Ministry of Finance (MoF) to include information on buyers of the country’s oil in its quarterly report on the Ghana National Petroleum Corporation’s (GNPC’s) oil sales activities. This is to improve accessibility to information on oil sales and also ensure transparency in the GNPC’s sale of the country’s oil. This forms part of the recommendations in a new report compiled by the NRGI. The report was titled ‘Ghan...