Whitbread takes full control of Costa Coffee joint venture
Whitbread said on Tuesday that it paid 310 million yuan (US$47.07 million) to seize full control of its Costa Coffee joint venture in South China, the 21st Century Business Herald reported.
China’s overseas M&A’s reach new high
According to KPMG’s latest overseas mergers and acquisitions report, the pace of M&A’s in China has further accelerated since 2014 and reached a high point in 2016, Yicai.com reported.
China’s shale oil reserves now rank third in the world
China’s shale oil reserves have reached 764.3 billion cubic meters, ranking third in the world after the United States and Canada, the 21st Century Business Herald reported, citing Zhang Dawei, Director of the Reserves Evaluation Center of China’s Ministry of Land and Mineral Resources.
CRRC Corp to undergo restructuring on declining demand
CRRC Corp Ltd., a Chinese train wagon supplier, is headed for a restructuring plan due to decreasing demand in the local market, Caixin.com reported.