News Digest: July 28, 2011

The following press releases and media reports about Chinese companies were carried on July 28. To view a full article or story, click on the link next to the headline.

══════════════════════════════════════════════════════

◙ Sun Art Has Strongest Debut in Hong Kong in Two Years, Defying IPO Slump (English article)

◙ 55Tuan Fails to Find IPO Underwriter – Source (English article; Chinese article)

◙ Panasonic To Sell Sanyo’s Home Appliance Business To Haier-Source (English article)

◙ Groupon’s Gaopeng Suspends Ads on Baidu (Nasdaq: BIDU), Google (Nasdaq: GOOG) (English article)

◙ Simcere Pharmaceutical (NYSE: SCR) to Announce Q2 Results on August 9 (PRNewswire)