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Chinese group to buy Aixtron for $752mn

  Beijing/ Bloomberg A group of Chinese investors agreed to buy Aixtron SE, a German supplier of semiconductor equipment, for about 670 million euros ($752 million), giving the manufacturer a chance to boost sales by expanding in Asia. The deal values Aixtron at 6 euros a share, the equipment maker said Monday in a statement. That’s 25 percent more than ...

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Hanergy chief resigns after losing billions

  Shanghai / AFP The controversial boss of Chinese solar energy firm Hanergy Thin Film Power Group has stepped down as chairman and executive director, the company said, almost a year after its shares imploded. Li Hejun stepped down “for the reason of strengthening corporate governance”, Hanergy said in a statement to the Hong Kong stock exchange, where its shares ...

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China mulls new ways to control video websites

  Beijing / AFP Chinese authorities are exploring new ways of imposing controls on the Internet, state-run media cited experts as saying on Monday, after reports said state-owned enterprises may be encouraged to take stakes in video streaming websites. The Communist country restricts access to foreign websites including Google, Facebook and Twitter with a vast control network dubbed the Great ...

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