News Digest: July 2-4, 2011

The following press releases and media reports about Chinese companies were carried on July 2-4. To view a full article or story, click on the link next to the headline.

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◙ Sina (Nasdaq: SINA) Weibo Rejects USD 500 Mln from DST – Reports (English article; Chinese article)

◙ China’s June Home Prices Ease in Eight of 10 Biggest Cities, SouFun Says (English article)

◙ 7 Days Group (NYSE: SVN) Agrees to Acquire Huatian Star (PRNewswire)

◙ MEMC Announces Termination of Suntech (NYSE: STP) Wafer Supply Agreement (PRNewswire)

◙ Nestle (NESN) Weighs Buying Chinese Candy Maker (English article)

◙ Xunlei sees IPO price at $14-$16/ADS (English article)