An increasingly xenophobic West will face an important test in the next 30 days as Canada weighs whether to approve the $15 billion purchase of local oil exploration giant Nexen (Toronto: NXY) by Chinese rival CNOOC (HKEx: 883; NYSE: CEO). The deal could well become an important indicator of the West’s willingness to accept China as an equal partner in the global economy, and its approval would send a positive signal after a more controversial decision last week that saw two of China’s leading technology firms locked out of the US telecoms equipment market due to security concerns.
Tag Archives: Nexen
News Digest: October 12 报摘： 2012年10月12日
The following press releases and media reports about Chinese companies were carried on October 12. To view a full article or story, click on the link next to the headline.
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- Lenovo (HKEx: 992) Knocks HP (NYSE: HPQ) From Top of Global PC Market: Gartner (English article)
- Hasbro (Nasdaq: HAS) and Alpha Animation Announce Strategic Partnership for China (Businesswire)
- US Prepares to Launch 2nd Round of Investigations Into Huawei, ZTE (HKEx: 763) (Chinese article)
- Suntech (NYSE: STP) Responds to Final US Dept of Commerce Determination (PRNewswire)
- Ex-Central Banker Says Canada Should Approve CNOOC (HKEX: 883) Bid for Nexen (English article)
News Digest: September 28, 2012 报摘： 2012年9月28日
The following press releases and media reports about Chinese companies were carried on September 28. To view a full article or story, click on the link next to the headline.
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- BYD (HKEx: 1211) in New Jam as Founder Jumps (English article)
- CNOOC (HKEx: 883) Confident on Nexen (Toronto: NXY) Deal After Canada Talks (English article)
- China Mobile (HKEx: 941) to Start TD-LTE Terminal Procurement (English article)
- Hollywood Supports Taobao Removal From Black List, Apparel Makers Oppose (Chinese article)
- Nike’s (NYSE: NKE) Earnings And China Orders Fall (English article)
CNOOC’s Nexen Bid Clears One Hurdle, Faces Another 尼克森股东批准中海油收购 公众反对声音或加大
Oil exploration giant CNOOC’s (HKEx: 883) record-breaking bid for Canadian rival Nexen (Toronto: NXY) has cleared one hurdle with the Thursday approval of the deal by Nexen shareholders, even as a much bigger obstacle looms in the realm of public opinion where opposition appears to be building. Public opinion could be a major factor that ultimately decides the fate of this deal, which still needs approval from a Canadian administration that has said it will consider national sentiment before making its final decision.
News Digest: September 21, 2012 报摘： 2012年9月21日
The following press releases and media reports about Chinese companies were carried on September 21. To view a full article or story, click on the link next to the headline.
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- Nexen (Toronto: NXY) Holders OK CNOOC (HKEx: 883) Bid as Public Concern Grows (English article)
- 360Buy to Launch Russian Website – Report (English article)
- Apple (Nasdaq: AAPL) Opens iOS 6 for Download, Mandarin Supports Included for Siri (Chinese article)
- China Telecom (HKEx: 762) Adds 2.63 Mln 3G Users in August, Bringing Total to 56.44 Mln (Chinese article)
- Adult E-commerce Firm Ailv Lands 300 Mln Yuan Funding (English article)
News Digest: September 20, 2012 报摘： 2012年9月20日
The following press releases and media reports about Chinese companies were carried on September 20. To view a full article or story, click on the link next to the headline.
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- China Releases Cloud Computing 12th 5-Year Plan (English article)
- MasterCard (NYSE: MA) Debuts First Single-branded Cards in China with Citibank (Businesswire)
- Ctrip (Nasdaq: CTRP) Prices Offering of $160 Mln Convertible Senior Notes (PRNewswire)
- Nexen (Toronto: NXY) Takeover by CNOOC (HKEx: 883) Faces Political Test in Canada (English article)
- ZTE (HKEx: 763) to Release First Phone Based on Firefox OS in Q1 Next Year (Chinese article)
News Digest: September 6, 2012 报摘： 2012年9月6日
The following press releases and media reports about Chinese companies were carried on September 6. To view a full article or story, click on the link next to the headline.
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- Lenovo (HKEx: 992) to Buy Brazilian Electronics Company CCE (HKEx announcement)
- State Planner: Consumer Fraud Involved in Online Price Wars (Chinese article)
- Qihoo (NYSE: QIHU) Hires Ex-Fetion Engineers – Reports (English article)
- CNOOC (HKEx: 883) Asks For US Security Review of Nexen (Toronto: NXY) Acquisition (English article)
- Unicom (HKEx: 762) Preparing for iPhone 5, Unlikely to Debut With Global Launch (Chinese article)
News Digest: August 31, 2012 报摘： 2012年8月31日
The following press releases and media reports about Chinese companies were carried on August 30. To view a full article or story, click on the link next to the headline.
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- China to Overtake United States in Smartphone Shipments in 2012 – IDC (Businesswire)
- ICBC (HKEx: 1398) Announces H1 Results (HKEx announcement)
- Canada Opposition Attacks Govt Over CNOOC’s (HKEx: 883) Nexen Bid (English article)
- Securities Firms Ban Qihoo 360 (NYSE: QIHU) Apps Due to Privacy Concerns (English article)
- Unicom (HKEx: 762), China Telecom (HKEx: 728) to Lower iPhone 5 Subsidies (Chinese article)
CNOOC’s Nexen Bid: Where’s the Noise? 中海油收购尼克森：争议在哪？
I have to admit that I’ve been quite surprised by the lack of noise coming from North American politicians in the month since Chinese oil major CNOOC (HKEx: 883; NYSE: CEO) announced its landmark plan to buy Canadian oil giant Nexen (Toronto: NXY) in a deal valued at $15.1 billion. In fact, you could say the silence over that period has been almost deafening, with the lack of noise only ending late last week when Nexen made the low-key announcement that it has scheduled a meeting on September 20 for its shareholders to vote on the deal. (English article)
News Digest: August 25-27, 2012 报摘： 2012年8月25-27日
The following press releases and media reports about Chinese companies were carried on August 25-27. To view a full article or story, click on the link next to the headline.
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- Nexen (Toronto: NXY) Schedules Vote on CNOOC’s (HKEx: 883) $15.1 Bln Offer (English article)
- Alibaba, Tencent (HKEx: 700), Ping An (HKEx: 2318) Establish Insurance JV (English article)
- US Investigates Youku (NYSE: YOKU), Tudou Over Insider Trading (Chinese article)
- China Telecom (HKEx: 728) Merges International Operations (English article)
- China Construction Bank (HKEx: 939) Quarterly Earnings Beat Forecasts (English article)
- Latest calendar for Q2 earnings reports (Earnings calendar)
Resource Buying Binge Hits Speed Bump 中国海外资源收购面临减速
A plan by aluminum giant Chalco (HKEx: 2600; Shanghai: 601600) to buy a Mongolian-focused mining company is reportedly on the verge of collapse due to politics, a development that could have big implications for China’s recent buying spree for global resource assets. For anyone who hasn’t been paying close attention, Chinese energy and resource firms, from oil and coal giants to gold and iron ore miners, have embarked on a multibillion-dollar spending spree over the last few years to feed the country’s growing economy. The buying binge has gained momentum in the last year, as cash-rich Chinese companies, with strong support from Beijing, have purchased assets from cash-challenged international owners still struggling as a result of the global economic downturn. Now, at least one country that has become a favorite destination for Chinese buying, Mongolia, appears to finally be saying “no”.
