Yuguang Gold and Lead, a Chinese maker of nonferrous and precious metal products, said on Wednesday that it had won Australian government approval to invest in the country’s Kimberley Metals Ltd, reported Reuters.
Yuguang said in April that it planned to buy a 15 percent stake in Kimberley and would pay A$5 million ($4.4 million) for [...]

Zhengzhou Coal Mining Machinery Group Co. said Friday it plans to issue 140 million shares, or 20% of its enlarged capital, in an initial public offering in Shanghai, reported Dow Jones.
The company didn’t say how much it plans to raise from the offering, but said in a statement it will invest part of the proceeds [...]

China Mobile Ltd., the world’s biggest phone carrier, is interested in investing in Africa, where it can boost services in rural areas, Chairman Wang Jianzhou said, reported Friday’s Bloomberg.
The company doesn’t have any acquisition targets in Africa yet and hasn’t identified a specific region on the continent where it would like to invest, said Wang.
China [...]