Legend Holdings Ltd, the parent of personal-computer giant Group Ltd, spent 400 million yuan ($63.32 million) on Saturday to buy Kongfujia Group, a well-known Chinese liquor company. Kongfujia's management team will not change. Kongfujia Chairman Qiu Zhenxin declined to tell how many stakes they s...

Legend Holdings Ltd, the parent of personal-computer giant Group Ltd, spent 400 million yuan ($63.32 million) on Saturday to buy Kongfujia Group, a well-known Chinese wine company. Kongfujia's management team will not change. Kongfujia Chairman Qiu Zhenxin declined to tell how many stakes they sol...

Alliance Boots, the owner of Europe's largest pharmacy chain, said on Sunday it will buy a 12 percent stake in China's Nanjing Pharmaceutical Co Ltd for about 56 million pounds ($91 million).The deal will make Alliance Boots the second-largest shareholder in Nanjing Pharmaceutical with board and ope...

Legend Holdings Ltd, the parent of personal-computer giant Lenovo Group Ltd, spent 400 million yuan ($63.32 million) on Saturday to buy Shandong Kongfujia Group, a well-known Chinese wine company.Kongfujia's management team will not change. Kongfujia Chairman Qiu Zhenxin declined to tell how many st...

BEIJING - A company affiliated with the State Grid announced Friday it would invest 61.5 billion yuan ($9.72 billion) between 2011 and 2015 to build transmission lines and boost electricity supply capacity in northern China's Hebei province.Jibei Electric Power Company Limited, a subordinated compan...