China Industry Report: Jan. 28
Jan. 28 – This is a regular series of relevant industry news from around China.
Bowen, a wholly-owned subsidiary of China’s CIAM Group Ltd. bought 45 percent of Huaneng Shouguang Wind Power for RMB84.03 million.
U.S. Navajo Wind Energy Corp. said it had secured a line of credit financing for up to US$2.5 million with private energy fund Xiyas Development Capital Ltd. CEO Barry Doyle said that the company will use the money to fund its wind energy projects in China during 2009. The company recently acquired wind farm and power trading company Guangzhou Jianianxiang Co Ltd.
Japanese All Nippon Airways Co. will stop its flights between the Chubu International Airport, Nagoya, Japan, and Guangzhou and Tianjin, China, at the end of March 2009. Flights between Kansai International Airport, Osaka, Japan, and Dalian and Shenyang, China, will also be suspended. The company cited the decreased number of business trips to manufacturing sites in China owned by Toyota Motor Corp. and Honda Motor Co.
China Southern Airlines has opened a new office in Taipei to promote its services in Taiwan.
This industry report brief is courtesy of Aii Data Processing.
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