Olympic gymnast Li Ning sells $175 million stake to talent firm
Reuters- Oct 17, 2012 The founder of Li Ning Co Ltd plans to sell a 25 percent stake in China's best-known sportswear group to his talent management firm Viva China Holdings Ltd for $175 million, knocking Li Ning's shares on concerns about his commitment to the group. Viva China is controlled by former Olympic gymnast Li Ning,...
Box shipping at a turning point, warns NOL chairman
Lloyd's Loading List- 18 October 2012 Cost control, not growth, is the focus for the foreseeable future at Neptune Orient Lines (NOL), Chairman Kwa Chong Seng told bunker suppliers and traders in Singapore this week, adding that new vessels could be funded by South Korea or China as traditional European sources fall away. In...
Is property investing stifling enterprise in Singapore?
The Malaysian Insider- October 08, 2012 Property investment has become so attractive to so many people here, it seems, that it may actually have reached the point where it is increasing risk and crowding out other investments that could be better for the Singapore economy. In many countries, income from investment in residential...
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