China Tower-invested Southeast Asia branch officially launched in Laos -- The Southeast Asia Tower Company, invested by the Chinese state-owned China Tower, together with the Lao government and local firm Click Lao Marketing and Consultancy, has been officially launched in Laos and put into operation. According to an agreement inked in August, the shareholding ratio of the three parties is 70 percent, 15 percent, and 15 percent respectively.
China's Chery extends presence in Argentina with good performance -- Chinese automake Chery has recently won the best overseas image award in 2018 when it came into the 10th year of business in Argentine. It has been the third time for Chery to win the award with it ranking fifth in 2018 among the top 20 Chinese enterprises with the best overseas image.
Sinopec enters Singapore gas station market -- China Petroleum and Chemical Corporation (Sinopec), a listed company incorporated by China Petrochemical Corporation (Sinopec Group), formally put its first gas station in Singapore into operation on December 18. The new gas station is located at Yishun Avenue 1 in the north region of Singapore. It is noted that Sinopec's second gas station in Singapore will be located at Bukit Timah in the city-state's central region, which will come into operation soon.
EU clears China Re's takeover of Chaucer -- The European Commission said on December 18 that it has approved the acquisition of sole control over Chaucer by China Reinsurance Group Corporation. Chaucer, which comprises the businesses of the Hanover Insurance International Holdings Limited of the UK, Chaucer Insurance Company Designated Activity Company of Ireland and Hanover Australia Holdco Pty Ltd of Australia, is active globally in the provision of reinsurance, non-life insurance, and specialty insurance.
Antubio (603658.SH) buys stakes in Mobidiag Oy of Finland -- China's Antubio (603658.SH) announced that it signed an agreement with Mobidiag Oy of Finland on December 15 to buy a 10.12-percent stake in the latter for about 9.99 million euros. Meanwhile, the two companies also decided to invest 12.3 million euros to set up a joint venture (JV). The Shanghai-listed company will invest 8 million euros in the JV and hold a 65-percent stake and Mobidiag Oy will contribute 4.3 million euros to the JV and take a 35-percent stake.
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