Asian Activities Report for December 1, 2011: Asahi Group (TYO:2502) to Acquire Australian Bottled Water Company Mountain H2O Pty Ltd
Sydney, Dec 1, 2011 AEST (ABN Newswire) - Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water. The acquisition will allow Asahi to secure a stable supply of spring water in the growing bottled water market in Australia, to provide high quality spring water products, and to accelerate its Australian beverages business.
China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project, to be located in Feng County, Baoji City, Shaanxi Province, China. China Longyuan Power Group Corporation Limited is one of the pioneers in China that are engaged in the exploration of new energy resources. Its main focus is on the design, development, construction, management and operation of wind farms.
Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) have received approval from the Australian Competition and Consumer Commission to form an integrated network aviation alliance. Under the alliance, the airlines will cooperate on all aspects of their Australia-Singapore services and any international and domestic connecting routes, including joint pricing and scheduling and joint marketing and sales.
Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., an American sunflower seed research and production company with an annual revenue of around US$20 million. This acquisition is expected to further enhance Nufarm's global presence. The Company currently conducts development and sales activities in the USA, Canada, China, Argentina, and a number of European markets.
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Qiubei Fu
Asia Business News
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