Qingdao Haier Co., Ltd.
SHA:600690 ISIN:CNE000000CG9
Qingdao Haier Co., Ltd. is principally engaged in the manufacture and sale of household electrical appliances. The Company primarily provides refrigerators, freezers, air conditioners, dishwashers, microwave ovens, gas stoves, washing machines and other household electrical appliances. The Company distributes its products under the brand name of Haier in China’s domestic market and to overseas markets. During the year ended December 31, 2007, the Company obtained approximately 39% and 35% of its total revenue from the sale of refrigerators and air conditioners, respectively. As of December 31, 2007, the Company had 10 major subsidiaries/associates.
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Asian Activities Report for January 6, 2012 includes: Haier Group (SHA:600690) and Japan-based LIXIL Corporation have set up a joint venture company in Qingdao, China, to be engaged in the manufacturing and sales of building materials and housing equipment; Tokyo Stock Exchange Group has filed a notification to the Japan Fair Trade Commission regarding its merger plan with Osaka Securities Exchange; KOSÉ Corporation (TYO:4922) has successfully developed "Broad-Spectrum Sunscreen Cosmetics" that have been proven to prevent the aggravation of photosensitive dermatitis; Mitsubishi Corporation (TYO:8058) and India's fertilizer manufacturer Zuari Industries Limited (BOM:500780) have formed a joint venture for the purpose of investments in rock phosphate assets in Peru.
Seoul shares rose on Wednesday after a holiday weekend, led by chip makers after German rival Qimonda filed for insolvency. The market is also lifted by overnight gains on Wall Street and big gains in Tokyo shares Tuesday. Japanese stocks gained nearly 5% yesterday as exporters benefited from a weakened yen. Markets that remained closed for the Lunar New Year included Hong Kong, South Korea, China, Singapore and Taiwan.
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