ABN Newswire

Asian Activities Report for December 20, 2011: Sharp (TYO:6753) to Sell 90-Inch LCD TVs in USA in 2012

newsroom@abnnewswire.net — Tue, 20 Dec 2011 12:19:14 GMT

Sharp Corporation (TYO:6753) is planning to sell 90-inch LCD TVs - its largest LCD TV product in the US market in 2012. Sharp is already selling 80-inch LCD TVs in the USA, and is currently the leader in the country in the large-size LCD TV market. The Company is also planning to introduce their 80-inch LCD TVs in China and Japan in the first half of 2012; Sharp is already selling their 70-inch products in both countries.

Sinopec Kantons Holdings Limited (HKG:0934) and China Shipping Development (HKG:1138) have signed an agreement to form a joint venture company in Hong Kong to build around five liquefied natural gas (LNG) vessels for the transportation of approximately 4.30 million tonnes of LNG per annum for the APLNG project. Under the APLNG project, the Australia Pacific LNG Processing PTY Limited is expected to sell 4.30 million tonnes of LNG per annum to Sinopec Corp (HKG:0386) for a period of 20 years commencing from 2015.

Mikuni Corporation (TYO:7247) says that its car parts manufacturing plant in Thailand has recovered part of its production ability, with operation recommenced on December 12th. The plant was shut down on October 11th due to local floods. It is expected that the plant will be brought back to full operation shortly.

Qiubei Fu
Asia Business News
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Asian Activities Report for December 19, 2011: NTT Data (TYO:9613) to Commence a Demonstration Program in Beijing to Tackle Traffic Congestion

newsroom@abnnewswire.net — Mon, 19 Dec 2011 12:04:06 GMT

NTT Data Corporation (TYO:9613) is planning to commence a demonstration program in late January 2012 in Beijing, China. The program is aimed to test a new transportation information system, which can be used to solve traffic congestion problems, save energy, and reduce CO2 emissions. The demonstration program is part of a cooperative scheme between China and Japan, which is dedicated to promote international energy efficiency technology and cooperation.

Hitachi (TYO:6501) and Founder Group (SHA:600601) have signed a cooperative agreement to provide SaaS cloud computing technology to the Chinese market. Starting in 2012, Hitachi will build a cloud computing platform and system, while Founder Group will develop cloud computing applications for medical areas. In addition to the cloud computing agreement, the two parties have also signed an agreement regarding the development of smart city.

Electronics retailer Laox Co., Ltd. (TYO:8202), a subsidiary of Chinese home appliances retailer Suning (SHE:002024), will open its first store in China on 31 December 2011. The store, located in Nanjing, Jiangsu Province, will sell digital products, computers and laptops, and other electric appliances, with an annual sales revenue expected to be 300 million RMB. The Company is planning to open 30 new stores in China by the end of 2013.

China Internet Information Center (china.com.cn) and CMMB Vision Holdings Limited (HKG:0471) have signed an agreement to collaborate on multimedia services worldwide. Both will jointly develop and operate the hybrid media platform - "TodayChina" Website and "TodayChina" TV Channel. The operation will be based in Beijing, Hong Kong, and New York, and is expected to commence services simultaneously in all three places by First Quarter 2012.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
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Asian Activities Report for December 7, 2011: Great Wall Motors (HKG:2333) Receives EU Whole Vehicle Type Approval for Voleex C30 and Voleex C20R

newsroom@abnnewswire.net — Wed, 7 Dec 2011 11:27:21 GMT

Great Wall Motors (HKG:2333) has received EU Whole Vehicle Type Approval for its Voleex C30 and Voleex C20R. Voleex C30, Great Wall's first three-box car, is one of the Top 10 Compact Family Cars in terms of sales volume in China in 2011, and has already been sold to more than 50 countries and regions. Voleex C20R, a cross vehicle type featuring sports characteristics and multiple functions, provides superior comfort and driving excitement.

Chevalier International Holdings Limited (HKG:0025) has entered into a letter of intent in relation to possible acquisitions of certain hot spring hotels in Japan. Chevalier International is principally engaged in construction and engineering, insurance and investment, property development and investment, food and beverages, and computer and information communication technology. The acquisition, if completed, will help Chevalier diversify its income stream and gain from the development of the Japanese tourism industry.

Daiichi Sankyo Co., Ltd (TYO:4568) advises that its subsidiary Ranbaxy Laboratories Ltd. (BOM:500359), India's largest pharmaceutical company, has received final approval from the U.S. Food and Drug Administration to manufacture and market Atorvastatin, a cholesterol-reducing medicine, in the US market. Atorvastatin will provide a safe, effective, affordable and accessible alternative to Pfizer's (NYSE:PFE) cholesterol-lowering medication Lipitor, which generated total annual sales of US$7.89 billion in the US through September 2011.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 6, 2011: DunAn (SHE:002011) Won Greatest Growth Potential Award in China

newsroom@abnnewswire.net — Tue, 6 Dec 2011 12:00:23 GMT

DunAn (SHE:002011) has recently won the Greatest Growth Potential Award at the 2011 Reputation List of China Listed Companies event in China. Founded in 1987, the China-based company is a market leader in the manufacturing and sales of general refrigeration equipment and accessories. In recent years, DunAn has expanded its business to renewable energy, new material development and other areas. The Company successfully raised 966 million yuan through private placement last month to fund its projects in renewable energy system development, and nuclear power station heating, ventilation, and air conditioning integration.

Honghua Group Limited (HKG:0196) says that its wholly-owned subsidiary Sichuan Honghua Petroleum Equipment Corporation Ltd. will form a joint venture company with Gansu Huateng Petroleum Machinery Manufacturing Co., Ltd.. Sichuan Honghua will purchase some assets from Gansu Huateng for RMB 39 million, and own 70% of the equity interest in the joint venture, with the rest 30% to be owned by Gansu Huateng. The joint venture company will be principally engaged in manufacturing and marketing of special vehicles, fabrication and marketing of pressure pumps, oil exploration and production, mining and metallurgy, and other business.

Seven Bank, Ltd. (JSD:8410), an Osaka Securities Exchange listed company, has received approval to list its shares on the Tokyo Stock Exchange on Monday, December 26, 2011. Seven Bank is a subsidiary of Seven & I Holdings Co. (TYO:3382), with its core business in ATM operations. The Bank has started to install third-generation ATMs in the fiscal year 2011, and as of the end of February 2011, it had 15,356 installed ATMs. The Bank's net income in the fiscal year ended March 31, 2011 was 16,008 million yen.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 5, 2011: Chow Tai Fook to IPO on Hong Kong Stock Exchange

newsroom@abnnewswire.net — Mon, 5 Dec 2011 12:30:38 GMT

Chow Tai Fook Jewellery Group Ltd. is preparing to launch what may become Hong Kong's biggest initial public offering in 2011, aiming to raise as much as HK$22 billion, with stock expected to start trading on December 15th. The Hong Kong based luxury-goods company has more than 1,400 outlets in China, with net income of more than HK$6.3 billion in the year ending March 31. As China's retail sales growth remains robust, the Company expects to further expand its retail network in Greater China.

Nissan Motor Co., Ltd. (TYO:7201) announces that its 100% electric Nissan LEAF has won the Car of the Year Japan 2011-2012 award at the 42nd Tokyo Motor Show, the first time in the Show's long history that an electric vehicle has won this prestigious award. Nissan LEAF is a zero-emission vehicle that emits no CO2 while it is being driven. It has strong and smooth acceleration performance, excellent quietness, outstanding riding comfort and superb handling stability.

Exoma Energy Limited (ASX:EXE) confirms that its recent Katherine-1 well in the Galilee Basin in Central Queensland has the potential to be a significant onshore oil resource. Studies indicate that Katherine West structure may contain up to 177 million barrels of oil in place, in addition to 458 million barrels of potential oil in place at the adjacent but undrilled prospect - Katherine East. Follow-up drilling is expected in 2012.

Phoenix Gold Limited (ASX:PXG) announces the result of its latest drill programme completed at the Castle Hill Project in the Goldfields region of Western Australia. Drilling intersects significant high-grade mineralisation including 10 metres at 9.92 grams per tonne gold. The Company is expecting an upgrade of 559,000 ounce resource in march quarter 2012.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 2, 2011: Panasonic (TYO:6752) to Launch a New Residential Power Storage System in Japan

newsroom@abnnewswire.net — Fri, 2 Dec 2011 12:01:43 GMT

Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan. The system, if linked to a solar power generation system, can store power in batteries and provide back-up electricity when a power failure occurs. The price of the system is set to be 459,900 yen.

Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's. The appointment represents a significant step as the Company is moving towards a new global organisation structure, targeting important markets such as China. The Company launched the luxury Special Bin 620 under one of its most loved and respected wine labels Penfolds last month in Shanghai.

Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia. To be located in Sri Lanka, the facility will utilise Algae.Tec's advanced technology to grow algae on an industrial scale and to produce biofuels that replace fossil fuels for transportation use.

Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation. Five major iron lodes have been identified, each averaging approximately 20 metres, and up to 103 metres, in width. The Company is targeting the release of a maiden JORC resource for Bayantsogt by March 2012.

Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation. Mineralisation remains open at depth and to the south. The Company will continue drilling to determine the size and extent of the mineralisation.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 1, 2011: Asahi Group (TYO:2502) to Acquire Australian Bottled Water Company Mountain H2O Pty Ltd

newsroom@abnnewswire.net — Thu, 1 Dec 2011 12:00:36 GMT

Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water. The acquisition will allow Asahi to secure a stable supply of spring water in the growing bottled water market in Australia, to provide high quality spring water products, and to accelerate its Australian beverages business.

China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project, to be located in Feng County, Baoji City, Shaanxi Province, China. China Longyuan Power Group Corporation Limited is one of the pioneers in China that are engaged in the exploration of new energy resources. Its main focus is on the design, development, construction, management and operation of wind farms.

Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) have received approval from the Australian Competition and Consumer Commission to form an integrated network aviation alliance. Under the alliance, the airlines will cooperate on all aspects of their Australia-Singapore services and any international and domestic connecting routes, including joint pricing and scheduling and joint marketing and sales.

Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., an American sunflower seed research and production company with an annual revenue of around US$20 million. This acquisition is expected to further enhance Nufarm's global presence. The Company currently conducts development and sales activities in the USA, Canada, China, Argentina, and a number of European markets.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for November 30, 2011: CapitaMalls Asia Limited (HKG:6813) Donates Over HK$3.1 Million to Underprivileged Children in Asia

newsroom@abnnewswire.net — Wed, 30 Nov 2011 12:00:26 GMT

CapitaMalls Asia Limited (HKG:6813) is donating more than HK$3.1 million to nearly 19,000 underprivileged children in Singapore, China, Malaysia, Japan and India under its signature annual "My Schoolbag" programme this year. For the first time, the programme is extended to Malaysia, Japan and India, where school and daily necessities are given to underprivileged children. CapitaMalls Asia Limited is one of the largest listed shopping mall developers, owners and managers in Asia, with 97 malls in 51 cities in Singapore, China, Malaysia, Japan and India.

Mazda Motor Corporation (TYO:7261) has launched the special edition Mazda Premacy '20S Prestige Style' in Japan. The Premacy is a seven-seat minivan that is sold outside Japan as the Mazda5. The special edition 20S Prestige Style features enhanced interior and exterior refinement with exclusive equipment including sporty 17-inch reflective alloy wheels, high-quality and comfortable half-leather seats.

Neon Energy Limited (ASX:NEN) has completed the drilling phase of the Paloma Deep well onshore California, confirming the presence of oil and/or gas in eight zones, which in aggregate represent approximately 1,000 feet of potential hydrocarbon pay. The Company is planning to commence production test to confirm the commercial potential of the well.

Aquila Resources Limited (ASX:AQA) has completed a Definitive Feasibility Study for the Gravenhage Manganese Project in South Africa. The Definitive Feasibility Study proposes a 1.5 million tonne per annum operation to produce oxide manganese ore over a total mine life of 17 years. Exports are expected to commence in 2015.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for November 29, 2011: Bank of Communications (SHA:601328) Opens Sydney Branch

newsroom@abnnewswire.net — Tue, 29 Nov 2011 12:30:03 GMT

The Bank of Communications Co., Ltd. (SHA:601328) (HKG:3328), a leading commercial bank in China, has officially opened its first branch in Australia, an important addition to its expanding global network. The new branch, located in Sydney, will provide first-class financial services to Australian customers and companies. Headquartered in Shanghai, the Bank of Communications currently has 11 overseas branches, including the Los Angeles Branch, which just opened 2 weeks ago.

Trend Micro, Inc. (TYO:4704) and the International Cyber Security Protection Alliance ("ICSPA") will establish a "global cyber nation" in Washington D.C. today to coordinate the international fight against cybercrime. As a global cloud security leader and one of the principal sponsors and founding members of the ICSPA, Trend Micro will support ICSPA in its bid to work with international governments and agencies to create a unified, worldwide defense force capable of protecting the global cyber nation.

Arc Exploration Limited (ASX:ARX) has commenced exploration field work at its Bima Project in Indonesia. The project covers 250 square kilometres and is prospective for copper and gold. The project has excellent infrastructure with a well-established road network covering almost all of the tenement area.

WCP Resources Limited (ASX:WCP) has received encouraging rock chip assays at its 100%-owned Yalgoo gold project. Gold grades of up to 60.4 grams/tonne were received. The Company is now preparing an initial drill program to test prospective targets.

Asia Business News
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Asian Activities Report for November 28, 2011: Toyota Motor Corporation (TYO:7203) Unveils Newest Sports Car "86"

newsroom@abnnewswire.net — Mon, 28 Nov 2011 12:00:43 GMT

Toyota Motor Corporation (TYO:7203) has unveiled its newest model of sports car "86", the world's smallest mass-production four-passenger sports car, designed to achieve superior handling and driving enjoyment. Jointly developed by Toyota Motor and Fuji Heavy Industries (TYO:7270), the sports car is expected to be released to the market in the spring of 2012. The price is undecided.

United Company Rusal Plc ("UC RUSAL") (HKG:0486), the world's largest aluminium producer, has signed a share purchase agreement with China North Industries Corporation ("NORINCO") under which UC RUSAL has agreed to purchase a 33% stake in Shenzhen North Investments Corporation Limited, a trading affiliate of NORINCO specializing in aluminium, alloys and other non-ferrous metals. This acquisition is expected to enhance the effective promotion of RUSAL's products in the Chinese market.

Bathurst Resources Limited (ASX:BTU) announces its first export shipment of coal from the Buller Project. The shipment left Westport over the weekend bound for the Port of Taranaki where it will be discharged pending a bulk shipment to the final customer in Asia.

Australian resources company GBM Resources Limited (ASX:GBZ) has discovered broad zone of Rare Earth Element and Yttrium mineralisation at the Milo Project. Drilling has confirmed that the mineralisation is open along strike and at depth. The Company is planning to commence a Scoping Study at the Milo Project.

Asia Business News
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