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CHHL News -- Private equity firm Global Environment Fund announces investment in UPC Renewables China Holdings Ltd..

Tuesday, February 23, 2010 8:58 AM

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News for 'CHHL' - (Private equity firm Global Environment Fund announces investment in UPC Renewables China Holdings Ltd.)


Feb 23, 2010 (Al-Bawaba via COMTEX) -- Private equity firm Global Environment
Fund (GEF) announces the completion of an investment of $30 million in UPC
Renewables China Holdings Ltd. (UPC, the Company), an independent renewable
energy producer with specific focus in wind energy development. The investment
will be dedicated to wind power development in China, where the Company has 150
MW in construction and more than 3 GW of pipeline projects. GEF is the only
outside investor and holds two seats on the Board of Directors of the Company.
"UPC has been working in China since 2006, and we have seen this market go from
a standing start to one of the largest in the world for wind energy. We expect
to see sustained long term growth in the wind market in China, and UPC, with
support from GEF, is looking forward to participating fully in this market,"
said Brian Caffyn, CEO and Chairman of UPC. "We are pleased to be partnering
with UPC in its ambitious plans for China. This is a tremendous opportunity to
support a world-class wind developer in one of the world's best clean energy
markets," said Jeffrey Leonard, CEO of GEF. "GEF has known the international
sponsors of UPC for many years and we believe that their global experiences,
combined with a strong local team of highly skilled Chinese professionals,
positions the company well for this market." (C) 2010 Al Bawaba
(www.albawaba.com)


By Al-Bawaba Reporters


(C) 2010 Albawaba.com, All rights reserved.

-0-


SUBJECT CODE: News-general

Source: Comtex Wall Street News

GlaxoSmithKline enters into franchise agreement with President Trading Company

Friday , October 02, 2009 09:05ET

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Oct 02, 2009 (Datamonitor via COMTEX) -- GlaxoSmithKline has entered into an exclusive agreement with President Trading Company, a wholly-owned trading arm of Uni-President China Holdings, a food and beverage company in China, to launch the GlaxoSmithKline franchise of sports and energy drinks called Lucozade across China.

GlaxoSmithKline (GSK) and Uni-President China Holdings (UPCH) are in the early stages of discussions on a range of additional opportunities. Distribution of Lucozade under the agreement will begin in early 2010.

John Clarke, president of consumer healthcare at GSK, said: "GSK is focused on building a diverse global healthcare business, and this agreement marks the first in a series of steps we are taking to expand our successful nutritional healthcare business into new and emerging markets.

"Lucozade is a dynamic and powerful brand, and together with UPCH, we will now have significant new scale and local expertise to increase availability of the brand to more consumers in China, one of the world's largest and fastest growing economies."

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As of Monday, 09-28-2009 23:59, the latest Comtex SmarTrend® Alert,
an automated pattern recognition system, indicated an UPTREND on
05-12-2009 for GSK @ $31.94.

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Public Companies Associated with this story:
CHHL GSK UNPSF

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