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China's COFCO to acquire 51% of agri-firm Noble

China's state-owned grain giant COFCO is to take a majority stake in the agricultural commodities subsidiary of Hong Kong-based Noble Group, the firms said Wednesday, in its latest global acquisition. Noble Agri will become a joint venture between the two, with a consortium of international investors taking part in the all-cash deal alongside COFCO.

China's COFCO to acquire 51% of commodity trader Nidera

China's state-owned grain giant COFCO said Friday it had bought a majority stake in Netherlands-based commodity trader Nidera for a reported $1.2 billion, as it seeks to become a global player in agribusiness. COFCO's deal to buy 51 percent of Nidera, which trades grains and soybeans among other agricultural commodities, is the latest in a string of major overseas investments by Chinese companies seeking to meet rising demand for food and energy in the world's second-largest economy.

China's COFCO to acquire 51% of commodity trader Nidera

China's state-owned grain giant COFCO said Friday it had bought a majority stake in Netherlands-based commodity trader Nidera for a reported $1.2 billion, as it seeks to become a global player in agribusiness. COFCO's deal to buy 51 percent of Nidera, which trades grains and soybeans among other agricultural commodities, is the latest in a string of major overseas investments by Chinese companies seeking to meet rising demand for food and energy in the world's second-largest economy.

Chinese newspaper replaces top editors in wake of scandal

BEIJING (Reuters) - The top editors of a Chinese newspaper have been replaced after one of their journalists was arrested for damaging the reputation of a major state-owned construction equipment maker, the official Xinhua news agency reported on Friday. The wrangle over the journalist and his newspaper, the Guangzhou-based New Express tabloid, comes as the government cracks down on freedom of expression by journalists, lawyers, whistleblowers and internet users.

Detained Chinese journalist confesses to accepting bribes

Beijing, Oct 26 (EFE).- A Chinese reporter arrested a week ago after a series of articles accusing a partly state-owned manufacturer of fraud confessed on television Saturday that he accepted bribes to publish the stories. "I'm willing to confess and repent for my crimes, and I'd like to apologize to Zoomlion (Heavy Industry Science and Technology Development Co.), its shareholders, the news media whose credibility was undermined by me, and to my family," Chen Yongzhou said during a morning news program aired by state broadcaster CCTV.

Detained Chinese reporter "confesses" to defaming company: Xinhua

A detained Chinese reporter accused of defaming a major company through a series of news stories exposing alleged financial irregularities has "confessed" to wrongdoing and apologized, official media reported Saturday. Xinhua News Agency said Chen Yongzhou, a journalist with the Xinkuaibao (New Express) newspaper based in the southern city of Guangzhou, told police he released "unverified and false reports" about Zoomlion Heavy Industry Science and Technology Development Co. in a quest for "money and fame."

Arrested Chinese reporter 'confesses' on state TV

A Chinese journalist arrested over a series of articles criticizing a partly state-owned firm appeared on public television Saturday to apologize, with state media saying he admitted the articles were "unverified and false". Chen Yongzhou's newspaper, the New Express, made headlines around the world earlier in the week when it ran a rare front-page appeal for his release and said it stood by the reports, but was not immediately available to comment on his apology.

Arrested Chinese reporter 'confesses' on state TV

A Chinese journalist arrested over a series of articles criticising a partly state-owned firm appeared on public television Saturday to apologise, with state media saying he admitted the articles were "unverified and false". Chen Yongzhou's newspaper, the New Express, had previously said it stood by the reports, but was not immediately available to comment on Chen's case, which made headlines around the world after the tabloid ran a rare front-page appeal for his release.

Detained Chinese reporter confesses to taking bribes: CCTV

BEIJING (Reuters) - A Chinese journalist arrested last week on charges he defamed a state-owned construction equipment maker on Saturday confessed on state television to accepting bribes for fabricating stories, despite a public outcry over his detention. Reporter Chen Yongzhou's lengthy explanation of how he invented negative stories about Changsha-based Zoomlion Heavy Industry Science and Technology Co. Ltd is the latest in a series of televised confessions by suspects in high-profile or politicized cases.

China publishing regulator concerned over reporter's arrest

Beijing, Oct 24 (EFE).- China's media regulator on Thursday urged authorities to explain the "controversial" arrest of a journalist who wrote a series of articles critical of a leading manufacturing company. "We hope the authorities offer a convincing and legally credible explanation of the matter," the General Administration of Press and Publication, Radio, Film and Television said in a statement.
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