Latest Scandinavian China & Hong Kong News

Carlsberg Applies to Raise Stake in Chongqing Brewery

Danish brewer Carlsberg has applied to increase its stake in China’s Chongqing Brewery Co Ltd by buying a 12.25 percent state-owned holding, Chongqing Brewery said on Friday.Anheuser-Busch InBev, the brewer of Budweiser, and China Resources Snow Breweries, a joint venture between China Resources Enterprises Ltd and SABMiller, have also applied to buy the stake, Chongqing…

Nilfisk-Advance Wins Award in China

The Danish-Chinese Business Award is offered to a Danish and Chinese company which, relatively to its size,  has achieved remarkable and innovative results in their Danish-Chinese business over a period of several years as well as during the past year,  has contributed to networking and co-operation between Danish and Chinese companies, and enjoys a good reputation…

Chinese Pop Star in Swedish PMTax Plea

Chinese superstar pop singer Wei Wei has appealed to Sweden’s Prime Minister Fredrik Reinfeldt to intervene to settle a dispute with the Swedish tax authorities, which she claims have recently begun seizing her assets. The Local reported last June on claims from the Swedish Tax Agency (Skatteverket) that Wei Wei had neglected to pay income…

Asian Engineers Choose Sweden

Denmark has higher salaries and lower taxes than Sweden. Still highly educated people from Third World countries as for example China chooses Sweden, reports Nordjyske. Every time one foreign engineer choose to live and work in Denmark, four chooses to live in Sweden. This is the conclusion in a rapport from Nordic Council of Ministries writes the Newsletter Monday…

Svenska Cellulosa Aktiebolaget Sells its Packaging Business in Asia

International Paper Agrees to Purchase SCA’s Asia Packaging BusinessInternational Paper today announced it signed a definitive agreement to purchase SCA’s (Svenska Cellulosa Aktiebolaget) packaging business in Asia for $200 million in cash, subject to post-closing adjustments. International Paper expects to complete the purchase in the second quarter of 2010, subject to regulatory approval of the transaction…