South Korean Conglomerate Hanwha subsidiary Hanwha Chemicals has taken a controlling 49.99% stake buying 36 million shares fro m Solarfun at $10.72 (4.6% premium) and the complete shareholding of promoters Good Energies (controls German Q-Cells as well ) and Chairman Mr. Yonghua Lu .Solarfun is the 4th largest Chinese company which has been executing well on a vertical integration strategy.
A Record Drought in Russia and Worst Floods in China since 1998 are driving up wheat and rice prices up more steeply than in the commodity bull run in 2008.Secular factors like Globalization of Agriculture has already driven up food prices around the world,on top of this such seasonal factors will drive the prices even […]
Huawei faces blacklisting from India on Security Concerns Huawei has been blacklisted by the Indian government from supplying telecom equipment due to security concerns.Despite strong lobbying by the Chinese government and Indian telecom operators,Chinese telecom equipment firms have been effectively frozen out of the world’s fastest growing telecom market.Huawei has also faced push-back from the […]
Bangladesh recently witnessed violent protests by textile workers who are being forced to work for wages below $1/day even as inflation rages at more than 10% in that country.Bangladesh has recently seen increased outsourcing of garments with Chinese wages increasing.However the conditions for the textile workers has not improved as the salary levels for the […]
Rare Earth Minerals have been in the news because of their necessity in production of Clean Technology products and a virtual Chinese monopoly which controls almost 95% of the world’s production.China has been cracking down on illegal exports as it tries to control this vital ingredient for products as wide ranging as Electric Vehicles to […]
Huawei and ZTE,the two Chinese telecom equipment makers keep making headlines for all the wrong reasons.These 2 firms have won over a large amount of marketshare in the past 5 years in the telecom equipment space through their lower priced products.However foreign countries view both firms with suspicion because of their close ties with the […]