CNPC’s (135 HK) subsidiary CNPC Shennan Oil Technology Development Ltd has acquired liquefied natural gas assets in Hannan province for 200 million yuan. The liquefied natural gas factory produces 80,000 tonnes of gas annually.
Founder Holdings (418 HK) has enlarged its net loss to more than HK$15 million for the first half compare with a year ago; while EC-Founder (0618) has recorded a net profit of over HK$17 million, sliding 45 per cent year-on-year. Both companies declare no interim dividend.
Global Flex Holdings (471 HK) Limited hopes to return to the black by developing mobile television system developed by the China Mobile Multimedia Broadcasting. The company recorded a net loss of US$17.39 million (HK$135 million) for the first half, compared with a loss of US$35.02 million a year ago. Loss per share was US$0.011. No interim dividend was declared.
Lonking (3339 HK) has recorded a net profit of 331.18 million yuan for the first half, diving 40.17 per cent compared with a year ago. Earnings per share were 0.17 yuan. An interim dividend of HK$0.065 per share was declared.
Silver Base Group (886 HK) has made an announcement in response to a recent rumour saying the company was involved in fictitious export transactions, defrauding customs department and smuggling; and the company was involved in the investigation by the China Securities Regulatory Commission (CSRC) related to the case of Wuliangye Yibin, an A-share company listed on Shenzhen Stock Exchange. Silver Base denies the rumour and is considering to take legal action in order to protect the interest of the company and its shareholders.
Top Form International (333 HK) has recorded a net loss of HK$12.61 million for the first half, compared with a net profit of HK$57.97 a year ago. The company attributes the loss to fees of ending its brand business and annual write-downs. An interim dividend of HK$0.025 per share was declared.
Blu Spa Holdings (8176 HK) posted a surge in its net profit to HK$11.41 million for the first half, compared with a year ago. Sales revenue rose more than a double to HK$49.29 million. Earnings per share were 2.8 HK cents. No interim dividend was declared.
Bright International Group (1163 HK), a lighting product manufacturer, announced that it has bought six gold mines in Hebei province and two in Shandong for HK$7.4 billion. The deal was paid by cash, promissory notes and the issues of convertible notes.
China Mobile (941 HK) announced yesterday that its OPhone will go on sale in Shanghai. The Shanghai division of China Mobile will offer a subsidy of 1,800 yuan to each purchaser, Xinhua quoted sources as saying. The subsidy includes a fee waiver of 1,500 yuan for voice usage and 300 yuan for data services.
Mayer Holdings (1116 HK) recorded a net loss of 65.6 million yuan for the first half, compared with a year ago. Loss per share was 1.14 fens. No interim dividend was declared.
Tingyi (Cayman Islands) Holding (322 HK) plans to list in its hometown Taiwan. The food and beverages producer plans to raise NT$10 billion (HK$2.4 billion) through issuing TDR in the Taiwan stock market. The size of the fund makes the deal the largest of its kind in Taiwan.
Sinopharm Group (1099 HK), a newly listed company on the Hong Kong bourse, announced yesterday that its net profit surged 44.6 per cent to 477 million yuan for the six months ended June 30, compared with a year ago. Earning per share were 0.29 yuan, surging 45 per cent from a year ago.
Wing On Travel Holdings (1189 HK) recorded an increase in its net loss to HK$115 million for the first half, compared with a net loss of HK$80.43 million last year.
Sales revenue dropped 17 per cent to HK$883 million. Loss per share was 1.26 HK cents. The company proposes no interim dividend.
Zhongda International Holdings (909 HK) announced that it has recorded a net loss of 16.47 million yuan for the first half, against a net profit of 11.1 million yuan last year.
Sales revenue was 130 million. Loss per share was 3.1 fens. No interim dividend was declared.
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
