The following press releases and media reports about Chinese companies were carried on June 19. To view a full article or story, click on the link next to the headline.
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- Mengniu (HKEx: 2319) Adds Another Deal With Offer For Carlyle’s Yashili (English article)
- EU Trade Chief To Discuss Solar Dispute In Beijing (English article)
- Software Developer SkyTech to IPO in HK – Source (English article)
- Qihoo 360 (NYSE: QIHU) To Roll Out Portable Wi-Fi Router Device (Chinese article)
- Huawei, Responding To Rumors, Says No Plans To Buy Nokia (Helsinki: NOK1V) (English article)
After a few weeks of silence, embattled telecoms equipment makers Huawei and ZTE (HKEx: 763; Shenzhen: 000063) are back in the headlines again for the wrong reasons, with more bad news for each of these 2 companies that have lately entered an endless downward spiral. Exactly where this spiral of bad news will end is anyone’s guess, and I suspect 2013 won’t be a particularly good year for either company. But we could finally see the situations at both firms stabilize around the middle of the year, especially if either starts to gain some traction for its less controversial newer smartphone business.
