Sydney, Dec. 03--PRNewswire/AsiaNet
FRANKFURT AIRPORT...
FRANKFURT: Fraport AG's request to increase airport charges at Frankfurt by an average of 3.2 percent has been approved by the Hessian Ministry of Economics and Transportation for the start of 2002, a media release said today.
TRAVELAND OPPORTUNITY...
SYDNEY: Accounting firm Hall Chadwick has been chosen to “restructure the Traveland business and facilitate the investment of funds” according to a press statement issued today. The administrators are “seeking genuine expressions of interest for the company by Monday, December 3, 2001. ”
MUSIC PARTNERSHIP...
HONG KONG: Internet service provider SpeedCast Ltd today announced a partnership with digital radio broadcasters Radio Free Virgin “to deliver the premier entertainment system designed to provide the world's largest listening post for music lovers around the globe”, a media release said. The agreement includes online music distribution throughout Asia and the Middle East.
SHARE LISTING...
BEIJING: Independent Chinese energy producer Huaneng Power International, Inc announced today that the Shanghai Stock Exchange has “granted approval to its listing of 250,000,000 A Shares on the Shanghai Stock Exchange on December 6, 2001”.
MEXICO AIRPORT...
MEXICO CITY: Mexican Airlines today announced the inauguration of its International Executive Lounge at Mexico City's International Airport, a press release said. The lounge offers a range of facilities including free Internet access and a conference room.
COMPANY RESTRUCTURE...
CHARLOTTE: Industrial companies KoSa and the Sabanci Group today announced the restructure of their SAKOSA Tire Cord joint venture in Izmit, Turkey. A press statement said, “Sabanci will take 100 percent ownership of the company” while “KoSa will maintain the role of HMLS technology provider and will keep a marketing relationship with SAKOSA”.
SALE CLOSURE...
TORONTO: Sun Life Financial Services of Canada Inc today announced it has closed the sale of its U.K. subsidiary Sun Bank plc “for approximately pnds stlg 95 million to Portman Building Society”, according a press release.
FASHION AWARDS...
TORONTO: New Zealand s Frances Howie has been announced as the Smirnoff Designer of The Year at the 17th annual Smirnoff International Fashion Awards, a media release said.
BUSINESS SALE...
DUSSELDORF: The Henkel Group has “completed the sale and transfer of ownership of its independent chemicals business Cognis on November 30, 2001 as planned” it was announced today. Cognis was purchased by an “investors consortium of funds advised by Permira, GS Capital Partners and Schroder Ventures Life Sciences”.
ECOLAB SALE...
DUSSELDORF: A Henkel Group weekend release said the company has “completed the sale of its 50 percent stake in the Henkel-Ecolab joint venture to Ecolab Inc”. Henkel's Chief Executive Officer, Ulrich Lehner, stated, “This transaction is strategically important since Ecolab can now provide new and improved product and service offerings to its global customer base via a single worldwide operating business.”
INCONTINENCE STUDY...
MELBOURNE: A U.S. study has reported positive results for the trial of a drug which reduces symptoms of overactive bladder, a press statement said. The data will be presented at the 26th Annual International Urogynecologic Association s Annual General Meeting in Melbourne, Australia, on December 7, 2001.
MOTORCYCLE DATABASE...
AUCKLAND: Automotive researcher, Redbook, has developed a database of new, used and imported motorcycles in New Zealand for motorcycle dealers, financiers, insurers and others, a media release said. A comprehensive amount of information is available on CD or through the Internet, www.redbook.co.nz.
(AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).