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Sinopec to Buy More LNG From APLNG China Petrochemical Corp, the nation's biggest refiner and theparent of Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386), said itsigned an agreement with Australia Pacific LNG Pty Ltd to increaseits annual purchase of liquefied natural gas from the latter to 7.6million tons, up from 4.3 million tons. Sinopec also said it willboost its stake in APLNG by 10 percentage points to 25%. The dealsare pending Australian regulatory approval. AsiaInfo Approached by Buyout Offer AsiaInfo-Linkage Inc (NASDAQ: ASIA), a telecommunications softwareprovider whose largest customer is China's biggest wirelesscarrier, received a buyout proposal from a Chinese state-ownedprivate equity fund at a premium to its stock price, Bloombergreported. Its shares jumped 26% before closing 19% higher at a6-month high of $11.78 in New York. AsiaInfo got a non-bindingproposal from Power Joy (Cayman) Ltd, a unit of Citic Capital ChinaPartners II LP, to acquire all outstanding shares in cash,according to a statement from the company. Xinjiang Goldwind Gains Ground in US Xinjiang Goldwind Science & Technology Co (SHE: 002202, HKG:2208), China's second largest wind turbine maker by capacity, saidit is picking up market share in the US as falling prices andexpiring subsidies force rivals to pare back, Bloomberg reported.Goldwind bought two 10MW wind farms in Montana to showcase itsequipment and has taken orders in seven other US states since itstarted sales in the region in June 2010, according to a companystatement. The US government allowed an incentive for the windindustry to expire in December and has not acted to extend a taxcredit due to lapse at the end of 2012. Shenzhen Development Bank Takes Over Ping An Bank Shenzhen Development Bank Co (SHE: 000001) said it will spend $428million buying out Ping An Bank and renamed the new entity ShenzhenPing An Bank Co. Shenzhen Development Bank also expected its netearnings to surge 60% to 70% to between ¥9.99 billion and¥10.62 billion in 2011. COEs Revenue Rise 21% in 2011 China's central government-owned enterprises (COEs), the largestcompanies in the country, posted ¥20.24 trillion in revenuesand ¥917.33 billion in net profits in 2011, up 20.8% and 6.4%respectively from the year before. 70m Chinese Traveled Overseas in 2011 As many as 70.25 million Chinese tourists went on overseas trips in2011, up 22% from the year before and 479% from a decade ago, theNational Tourism Administration said. $1 = ¥6.33. The e-commerce company in China offers quality products such as Game Console Projector , LED Home Theater Projector, and more. For more , please visit 3D Home Theater Projectors today!
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