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Article: BUSINESS IN ASIA TODAY - AUG 10, 2009.

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AsiaPulse News
Article date:
August 10, 2009
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Business in Asia on Aug 10, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

JAPAN'S J-POWER, CHUGOKU POWER TO BUY 10% OF CHINESE PEER

TOKYO - The Electric Power Development Co. (TSE:9513), or J-Power, and Chugoku Electric Power Co. (TSE:9504) will purchase a combined 10 per cent interest in a Chinese power company for 14 billion yen (US$144.01 million), according to announcements Friday from the Japanese firms. Amid tepid domestic demand, the Japanese power companies are seeking to expand their businesses in China. J-Power and Chugoku ...

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