361 degrees International (1361 HK), a newly listed company, announced yesterday that its net profit surged 253.2 per cent to 630 million yuan for the first half, compared with a year ago. Earnings per share were 42.1 fens. An interim dividend of 7.4 HK cents per share was declared. The sportswear company expects to record a 30 per cent growth in sales and to open up to eight hundred new outlets each year.
Aeon Credit Service (Asia) (900 HK) reported yesterday that its net profit fell 16.5 per cent year-on-year to about HK$123 million for the first half. Earnings per share were 29.57 HK cents. An interim dividend of 16 HK cents per share was declared. The lender attributed the drop to the contraction of lending due to increasing numbers of individual bankruptcy.
Alltronics Holdings (833 HK) recorded a net profit of HK$4.15 million for the first half, compared with a loss of HK$6.34 million a year ago. Earnings per share were 1.32 HK cents. An interim dividend of HK$0.02 per share was declared. The company said it would maintain a 40 per cent dividend policy, taking HK$6.2 million out of HK$59 million as dividend.
China Everbright International (257 HK) has raised up to HK$1.37 billion by selling 450 million shares at a price ranging from HK$3.03 to HK$3.07 each, a discount of up to 5.31 per cent to its closing price of HK$3.20. The proceeds will be used for project financing and working capital.
China Shanshui Cement (691 HK) has raised up to HK$1.33 billion by selling 240 million shares at a price ranging from HK$5.5 to HK$5.59 each, a discount of up to 2.7 per cent to its closing price of HK$5.65. The proceeds will be used for project financing and working capital.
Auto: Chinese carmaker Geely Automobile (175 HK) has issued convertible bonds and warrant to Goldman Sachs Capital Partners VI Fund to raise US$330 million (HK$2.586 billion) to fund its capital expenditures and potential acquisitions. Geely’s shares surged 19 per cent to close at HK$2.13.
Gome Electrical (493 HK) Appliances announced yesterday that it has issued 5-year convertible bonds worth of HK$2.39 billion to JP Morgan to raise HK$2.05 billion. The company will have to issue 956 million new shares in the future if the bonds are fully converted.
Great Wall (74 HK) Technology recorded a net profit of 130 million yuan for the first half, sliding 33.4 per cent compared with a year ago on declining exports. Earnings per share were 10.87 HK cents. No interim dividend was declared.
Greentown China (3900 HK) won a land bid in Suzhou yesterday, acquiring two land lots which are 4.81 million square metres in total. China Resources Land(1109) and Sun Hung Kai Properties (0016) were also major competitors in yesterday’s land bid.
Kith Holdings (1201 HK) recorded a 16 per cent slide in its net profit to about HK$30 million for the six months ended June 30, compared with a year ago. Earnings per share were 11.49 HK cents. The company proposes an interim dividend of 2.2 HK cents per share.
PetroChina (857 HK) said it plans to sell 330-day bills worth of 30 billion yuan on the interbank market next Tuesday. The proceeds will be used to supplement working capital, the oil producer said.
Shell Electric MFG (81HK) recorded a 78 per cent drop in its net profit to about HK$34 million for the first half, compared with a year ago on rising costs. Earnings per share were 6.5 HK cents. An interim dividend of 2 HK cents per share was declared.
Standard Chartered (2888 HK) will submit listing documents to Indian regulator as early as this week, becoming the first foreign company to list in India, sources said.
TLT Lottotainment (8022 HK) who plans to expand its business to online lottery services, said it has gained regulatory approval to launch seven online mobile lottery games in the mainland. The company believes the game series could boost its sales.
Vital Pharmaceutical (1164 HK) announced its interim net profit fell 34 per cent to HK$37.25 million for six months ended 30 June. Turnover slid 25 per cent to HK$247.08 million. Earnings per share were 2.4 HK cents. No interim dividend was declared.
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
