Tianqi Lithium buys 23.77 pct stake in SQM for USD4.066 bln -- Tianqi Lithium Corporation (TQC, 002466.SZ) finished the purchase of a 23.77-percent stake in Sociedad Quimica y Minera de Chile S.A. (SQM) indirectly held by Nutrien Ltd. for 4.066 billion U.S. dollars on December 3, according to the company's filing to the stock exchange. It is the largest acquisition made by Chinese enterprise in Chile. With the completion of the acquisition, TQC's holdings in SQM have grown to 25.86 percent.
Nanhua Futures, SGX to co-develop Belt and Road indexes -- Nanhua Futures Co. Ltd. (Nanhua Futures) will work with Singapore Exchange Limited (SGX) to design and compile indexes for long-term tracking and reflecting Belt and Road investment opportunities. The indexes and relevant products would be developed by Nanhua fund, a wholly-owned subsidiary with Nanhua Futures and SGX's index department SGX Index Edge, reported Xinhua-run Shanghai Securities News.
China's CRRC to produce 22 trains for Egypt -- China's rolling-stock maker CRRC Qingdao Sifang Co. Ltd. has secured an order to develop and produce 22 trains with wind- and sand-resistant designs for an urban rail transit system in Egypt. The company confirmed on December 4 that the trains will be equipped with 132 train cars in total for the rail system linking the Egyptian capital of Cairo with its satellite city of the 10th of Ramadan City. The trains have been designed to travel at a speed of 120 km per hour for the 68-km long railroad with 11 stations. The producer offers a 12-year maintenance service for the trains.
CRCC becomes general contractor of longest railway reconstruction project in Latin America -- China Railway Construction Corporation (CRCC) announced that it signed a contract with Argentina’s transport Ministry on the first phase rebuilding of the San Martin freight railway on November 29 .After the signing, CRCC became the general contractor for the design, construction and procurement of the project. It is the longest railway reconstruction project in Latin America to be built by Chinese enterprise as general contractor.
Wingtech Technology joins hands with Gree to buy Nexperia -- Wingtech Technology Co., Ltd. (600745.SH) announced on November 30 that it plans to join hands with other investors including Gree Electric Appliances (Gree, 000651.SZ) to acquire Nexperia, a global leader in Discretes, Logic and MOSFETs devices. Gree, Guolian Group, among other participants, would become shareholders of Wingtech Technology after the acquisition through share conversion. The Shanghai-listed company intends to purchase the underlying assets held by all the counterparties in a combination of share issuance of 11.256 billion yuan and 8.893 billion yuan of cash, totaling 20.149 billion yuan, according to company’s filing with stock exchange.
A single purchase
