CHINA > Germany based Rolls- Royce Power Systems and China Railway Rolling Stock Corporation (CCRC) have signed an agreement in Friedrichshafen, Germany for continuation to consider MTU engines from Rolls-Royce for CCRC

rolls royce logo The already highly productive relationship between Rolls-Royce and CCRC, with CCRC ordering around 500 MTU Series 4000 engines for locomotives used in New Zealand, Argentina and South Africa, have deepened both of their commitment to continuation of MTU engines by signing an agreement in Friedrichshafen, Germany. Both the companies have also agreed to collaborate on future power delivery solutions including More …

CHINA > Carlson Rezidor Hotel Group signs a management agreement for Radisson Zhengzhou with Henan Longzhu Hotel Management

Carlson Rezidor logo new The 210- key property that is scheduled to open in the first quarter of 2022, Radisson Zhengzhou is located at Zhengdong New District, Zhengzhou city in China. Carlson Rezidor Hotel Group signs a management agreement for this hotel with Henan Longzhu Hotel Management Co., Ltd. Zhengzhou is an emerging tier-one city with a hub for industries such as railroad, aviation, More …

CHINA > Invesco buys a majority stake in e-Shang Redwood (ESR) for RMB 2bn ($305.1 million)

invesco logo Forming a joint venture with the pan- Asian logistics developer, Invesco has bought a majority stake in Chinese logistic portfolio firm e- Shang Redwood(ESR) for RMB 2bn ($305.1 million). According to the two companies, the joint venture was designed for acquisition and ongoing asset management of the portfolio that consists of grade-A stabilized logistics real estate assets in China. According More …

CHINA > US Based Avery Dennison to acquire Yongle Tape Company for $190Mn from ShawKwei & Partners

logo_highres USA based Avery Dennison to acquire Yongle Tape Company from PE firm ShawKwei & Partners for $190 million. Also in the deal is an additional $55 million which will be paid when certain performance targets are met over two years’ time. The cash and credit deal is expected to close in mid-2017 after meeting the required customary conditions and regulatory More …

CHINA > Philippines’ Century Pacific Food acquires distribution companies in China for $2.5 mm

century_pacific_logo-1 Philippines based Century Pacific Food (CNPF) acquires several distribution companies in China for $2.5m in an all-cash deal. These distribution companies were previously owned by Thai Union Manufacturing and Century Pacific Group with 50 percent stake in each. Century Pacific Food is engaged in the development, marketing, and distribution of processed fish, meat, dairy, and coconut under its own brands More …

CHINA > AJ Hackett to Operate Bungy Jump at the Glass Bridge of China

ajhackett New Zealand based AJ Hackett International is planning to open the world’s highest bungy jump in China, underneath the Zhangjiajie Grand Canyon Glass Bridge. AJ Hackett International is the official bungy jump operator at the glass bridge. According to the company, the structure, in Hunan province, is the world’s highest and longest glass-bottomed bridge and that the bungy platform will More …