August 8, 2011 |
Chinese investor Winston Chung has agreed to buy the parent company of the Balboa Bay Club & Resort and the Newport Beach Country Club. Chung's Seven-One Capital-Business Inc. will buy International Bay Clubs Inc. for an undisclosed sum and gain control of the elite Orange County clubs, both parties said Friday. The Balboa Bay Club includes a 160-room public resort hotel, as well as a private club with a marina and 145 apartments on 15 acres along Newport Beach Harbor. The Newport Beach Country Club is a private golf club near Fashion Island in Newport Beach.
January 25, 2011 |
China is hungry for the kind of recreational vehicles built in Southern California ? at least according to the Chinese entrepreneur who struck a deal with a Riverside firm to build and export $5 billion worth of them. The Chinese government has placed a focus on developing the RV industry as a cornerstone of the Chinese ideal of the happy home life, said Winston Chung. FOR THE RECORD: Chinese investment: An article in the Jan. 25 Business section reported on a deal by Riverside firm MVP RV Inc. to build recreational vehicles for export to China.
January 17, 2012 |
Winston Chung came to Southern California two years ago like a standard-bearer for the new China, a wealthy Hong Kong entrepreneur with visions of creating an electric vehicle industry by reviving struggling manufacturing firms. Some dreams rolled out as planned. The battery scientist and clean-energy promoter bought control of four Southland specialty vehicle makers. UC Riverside renamed a building as Winston Chung Hall, saying that the $13 million he provided for green power research was the biggest donation in campus history.
January 28, 2011
"Skins": An article in the Jan. 27 Calendar section about the controversy surrounding the TV show "Skins" said that MTV would probably run all 10 episodes of the series as originally planned. The network has since confirmed that all 10 episodes will air. European property sales: Because of a production error, part of a sentence was omitted from the Column One article that appeared in the Jan. 26 Section A, dealing with the sale of historic properties by European nations.
January 21, 2011 |
Riverside motor home maker MVP RV Inc. is planning to build and export 30,000 vehicles to China under an agreement with a Chinese entrepreneur that is expected to add 1,200 new jobs to the Inland Empire, an area hit hard by the recession. Under the deal with the businessman, Winston Chung, who last year became the RV firm's majority owner, the company will build $5 billion worth of the diesel-powered vehicles. The agreement was highlighted at the White House as part of Chinese President Hu Jintao's state visit this week.
October 4, 2009 |
Reporting from Padang, Indonesia, and New Delhi, India -- Indonesian authorities said today at least three villages at some distance from the city of Padang, the port city hardest hit by Wednesday's massive earthquake, were wiped out by landslides, suggesting the disaster will claim significantly more lives than the 715 to date. At least 640 people died in Paranan Bananak, Pulau Air and Lubuk Lawe, a cluster of villages some 35 miles from Padang, said Jufnedi, a local police commissioner who only uses one name.