Tag Archives: Swiss Re

Fosun, Tencent Eye Gas Stations

Fosun chases US Aurora, Sinopec unit

Gas stations were never that attractive to me as an investment, but a group of major firms seem to think differently as oil refining giant Sinopec (HKEx: 386; Shanghai: 600028) gets set to sell up to 30 percent of its retail arm. That’s my conclusion, following reports that domestic investment giant Fosun (HKEx: 656) and Internet leader Tencent (HKEx: 700), and Canadian retailer Alimentation Couche-Tard (Toronto: ATDb) are among the finalists bidding for a stake in the Sinopec unit. In separate headlines, the acquisitive Fosun is also reportedly in talks for another mega deal that would see it purchase the US unit of global insurance giant Swiss Re (Switzerland: SREX). Read Full Post…

News Digest: August 20, 2014

The following press releases and media reports about Chinese companies were carried on August 20. To view a full article or story, click on the link next to the headline.
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  • Solar Boom Driving First Global Panel Shortage Since 2006 (English article)
  • Fosun (HKEx: 656) Said In Talks To Buy Swiss Re’s Aurora in US (English article)
  • Youku Tudou (NYSE: YOKU) Announces Q2 Unaudited Financial Results (PRNewswire)
  • Canada’s Couche-Tard, Tencent On Short-List In $16 Bln Sinopec Unit Sale -Sources (English article)
  • Healthcare App Maker Spring Rain Completes $50 Mln Series C Funding (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)