Centennial, Colorado-based Ciris Energy says it has completed $25 million series C financing with the backing from private equity firm Asia Pacific Capital, according to a company announcement. No further details of the investment are disclosed. Founde…
2013-07-29
The author is David Carbon, chief economist at DBS Bank • Relative to incomes, however, prices are falling steadily in most Asian countries. Housing is becoming more affordable, not more expensive • Hong Kong is the key exception to this rule. Property prices relative to income have risen by nearly 80% since 2000. This raises […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-07-29
A 56-year-old man was reportedly knocked down and killed by a van in Ma Tau Kok this afternoon.
The van, driven by a 43-year-old man, reportedly struck the victim as it entered a waste recycling yard on Sung Wong Toi Road at about 3.45pm.
The man, who worked in the yard, was sent to Kwong Wah Hospital and died at 4.24pm.
Witnesses should call Police on 2305 7500.
2013-07-29
Customs officers yesterday arrested two outgoing passengers at the airport for drug trafficking after they found 14.5kg of methamphetamine worth about $10.9 million in their three suitcases.
The two women, aged 27 and 31, were leaving for Clark, the Philippines. They claimed to be a logistics worker and an accounting clerk.
The drug was concealed in false compartments in the suitcases.
The maximum penalty for the offence is life imprisonment and a $5 million fine.
2013-07-29
Shanghai Greenland Group Co. says it has signed an agreement to acquire a stake in a downtown Los Angeles real estate project from California State Teachers’ Retirement System (CalSTRS). The Shanghai-based property developer is planning to invest $1 billion into the project, according to a company statement. It is the biggest acquisition in terms of […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.