China Marine Food Group Ltd., a China based processor and distributor of seafood products, today announced revenue and net income guidance figures for the year 2010, showing anticipated increases in revenue and net income.

The company is now forecasting 2010 revenues of greater than $80.0 million, based on current sales from China Marine’s existing distribution network of 19 master distributors in seven provinces throughout China. The forecast anticipates strong performances from the sales territories of Jiangsu and Shanghai, plus continued growth in Guangdong and the Sichuan area, including the cities of Chengdu and Chongqing. China Marine also plans to launch a number of new products, as well as add new sales territories to their network, and secure product placements at additional retail food chains with the company’s Mingxiang® brand seafood snack foods.

In addition, higher sales, together with stable margins and improved efficiencies due to production line capacity increases, are expected to

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Today, ONE Holdings Corp. announced it has closed on the acquisition of Jianou Lujian FoodsStuff Co. Ltd., effective September 27th, 2009. The announcement occurred under a letter of intent dated August 18, 2009.

ONE’s Vice Chairman and CEO, Marius Silvasan, stated, “Our objective was to close on the acquisition of JLF prior to the end of the third quarter and we did that. JLF is our third acquisition in the last three months. Through these initial key acquisitions we have set up a strong foundation and positioned ourselves with key operating assets which we expect will drive both strong organic and acquisition driven growth. Our focus is clear and is driven by our desire to acquire bioengineering companies located in the Asia Pacific region focused on chemical and herbal extracts, natural supplements and organic products.”

Mr. Silvasan added, “We have acquired in the last 3 months companies generating (based on their

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Recent deals such as this one seem to paint a clear picture: China isnt as trapped into USD as the financial talking heads would like you to believe. A China that is not trapped into the USD is very bearish for the dollar. Why? I have heard many who simply refuse to accept the truth, that China has been loaning the US Government (by buying US paper) over $18 billion a day just to keep the lights on. When China refuses to buy US paper, then the Federal Reserve has to step to the plate and do so (by buying through their pet banks, JP Morgan and Government Sachs etc…or is it the Fed is the pet of the banks?) The problem with this is that any government that buys its own debt because ...

China Unicom (CHU) yesterday announced that it will initiate commercial trials of its 3G wireless network in 168 more Chinese cities from August 1. This will expand the total nationwide coverage to 268 cities as the second largest Chinese wireless carrier has already launched 3G trials in 100 cities. The additional cities will be spread across 18 provinces including Zhejiang, Jiangsu, Fujian, Sichuan, Yunnan and Hunan.   Following the overhaul of the Chinese telecom industry, the Chinese government issued three 3G licenses in early 2009 and awarded China Unicom the license for WCDMA, a widely adopted 3G technology.   China Unicom has launched commercial trials of its 3G services in 56 cities (including Beijing and Shanghai) in May 2009 and recently extended that to 44 more cities. The company plans to spend RMB110 billion (US$15.9 billion) in 2009, with the significant increase (approximately 56% year over year) primarily attributable

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Herbalife Ltd. (...

Chinese hotpot chain Little Sheep has announced that it has completed the integration of eight additional franchise restaurants, increasing the number of self-managed restaurants it owns to 143. According to a report published by the company, the acquisition of eight restaurants, including six in Henan and two in Fujian, involved expenditure of CNY59 million. In addition, [...]

Wal-Mart has opened a new outlet, its 148th store in China, on the second and third floors of Changshan Lake Shopping Plaza in Changle city, Fujian. With a business area of over 8,000 square meters, the new Wal-Mart store aims to meet the consumption demands of over 100,000 local people in the city and explore the [...]

Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group. According to a representative from the public relations department of Anheuser-Busch InBev China the transaction, which has a total value of USD235 [...]

Chinese retailer Ren Ren Le has opened its first store in Xiamen, Fujian and this store is expected to start trial operations at the end of March 2009. Wu Xingyin, the general manager of Ren Ren Le Fujian, told local media that the company has signed a contract with the Xiamen government to open three stores [...]

According to Sun Shaofeng, chairman and president of China Green, the group's first food retail chain store on the Chinese mainland has been opened in Xiamen, Fujian. The Fujian-based group has plans to extend its chain stores to over 90% of major Chinese mainland cities in the next five years. It will first open three direct-managed [...]