The following press releases and media reports about Chinese companies were carried on July 28-30. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
CNOOC (HKEx: 883) Hired US Lobbyists Prior to Nexen (Toronto: NXY) Bid (English article)
Treasury Secretary Urged to Investigate ZTE (HKEx: 763) (English article)
Huawei, ZTE (HKEx: 763) Among 13 Firms In MMP Infringement Complaint to ITC (Businesswire)
US Sets Duties on Chinese, Vietnamese Wind Towers (English article)
Trina Solar (NYSE: TSL) Statement on Request to EU to Initiate Trade Probe (PRNewswire)
The following press releases and media reports about Chinese companies were carried on July 24. To view a full article or story, click on the link next to the headline.
In what should come as a surprise to no one, a deal announced last week for a little-known Chinese firm to buy bankrupt US aircraft maker Hawker Beechcraft has already hit its first turbulence with objections from a major trade union, the International Association of Machinists and Aerospace Workers. This objection is only the first of many that I expect to see in this case, not only from the US but also from skeptical Chinese regulators, meaning this deal is almost guaranteed to fail. Let’s look at this first big obstacle, which comes just a week after Superior Aviation Beijing, partly owned by the Beijing municipal government, said it was in exclusive talks to buy Hawker for up to $1.8 billion. (previous post)
Embattled telecoms equipment maker ZTE (HKEx: 763; Shenzhen: 000063) is probably starting to feel like an ailing hospital patient, following word that it’s coming under yet another investigation in what seems like a never-ending stream of probes by western governments. The recent investigations and other setbacks in both North America and Europe are taking a growing toll on ZTE’s bottom line, with the company warning that its profit dropped sharply in the second quarter and may have even disappeared completely.
The following press releases and media reports about Chinese companies were carried on July 13. To view a full article or story, click on the link next to the headline.
Chinese telecoms equipment giant Huawei is trying all kinds of tricks to jump-start its flagging growth in the face of a global slowdown and political obstacles in the West, but its latest move in the Middle East that will see it become a network operator looks a bit desperate to me, and also quite risky. The latest deal comes against a backdrop of slowing growth that has seen Huawei’s revenue increase less than 20 percent last year, ending years of much stronger gains.
The following press releases and media reports about Chinese companies were carried on July 11. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Apple’s (Nasdaq: AAPL) New iPad Arrives in China on Friday, July 20 (Businesswire)
There’s an interesting report out there today about another Sino-US deal that’s bound to attract controversy for political reasons, this one involving an American real estate developer looking for Chinese money to build homes in the San Francisco area. I’m probably sounding a bit too pessimistic by repeatedly predicting these kinds of deals are destined to fail due to pressure from US politicians, which is what has happened several times over the last 2 years for deals in the sensitive telecoms infrastructure space.
The following press releases and media reports about Chinese companies were carried on June 27. To view a full article or story, click on the link next to the headline.
Telecoms equipment giant Huawei, facing hostility on nearly ever major front in the West, is turning to India as it looks for a friendly face, with the announcement that it will spend some $2 billion on a new global product development center in this neighboring BRICS country. As a longtime Huawei watcher, I find this latest move somewhat ironic, as India was actually one of the first countries to launch an investigation due to security concerns into Huawei and crosstown rival ZTE (HKEx: 763; Shenzhen: 000063).
The following press releases and media reports about Chinese companies were carried on June 26. To view a full article or story, click on the link next to the headline.
In what should come as a surprise to no one, a deal announced last week for a little-known Chinese firm to buy bankrupt US aircraft maker Hawker Beechcraft has already hit its first turbulence with objections from a major trade union, the International Association of Machinists and Aerospace Workers. This objection is only the first of many that I expect to see in this case, not only from the US but also from skeptical Chinese regulators, meaning this deal is almost guaranteed to fail. Let’s look at this first big obstacle, which comes just a week after Superior Aviation Beijing, partly owned by the Beijing municipal government, said it was in exclusive talks to buy Hawker for up to $1.8 billion. (
Embattled telecoms equipment maker ZTE (HKEx: 763; Shenzhen: 000063) is probably starting to feel like an ailing hospital patient, following word that it’s coming under yet another investigation in what seems like a never-ending stream of probes by western governments. The recent investigations and other setbacks in both North America and Europe are taking a growing toll on ZTE’s bottom line, with the company warning that its profit dropped sharply in the second quarter and may have even disappeared completely.
Chinese telecoms equipment giant Huawei is trying all kinds of tricks to jump-start its flagging growth in the face of a global slowdown and political obstacles in the West, but its latest move in the Middle East that will see it become a network operator looks a bit desperate to me, and also quite risky. The latest deal comes against a backdrop of slowing growth that has seen Huawei’s revenue increase less than 20 percent last year, ending years of much stronger gains.
There’s an interesting report out there today about another Sino-US deal that’s bound to attract controversy for political reasons, this one involving an American real estate developer looking for Chinese money to build homes in the San Francisco area. I’m probably sounding a bit too pessimistic by repeatedly predicting these kinds of deals are destined to fail due to pressure from US politicians, which is what has happened several times over the last 2 years for deals in the sensitive telecoms infrastructure space.
