BYD (1211 HK) Company Ltd has posted a net profit of 1.16 billion yuan for the period ended September 30, up more than 5 times than that in the same period of last year. The company attributes the profit to the 53 per cent rise of business volume and drop in financing cost and other spending. (Hong Kong Economic Times A12)
China Resources Gas (1193 HK) has announced its acquisition plan of Zhengzhou Gas (3928) earlier and is going to form a joint venture with substantial shareholders of the latter in order to buy it out at a price of 8.45 yuan per share, a 44 per cent discount of its closing price. (Sing Tao Finance B2)
CLP Holdings (2 HK) plans to split its Indian unit to list on the India bourse. The company said the aim of the listing is not fund raising but to change Indian investors’ view on CLP Holdings and to develop a local Indian image of the company. (Sing Tao Finance B1)
Easyknit International Holdings (1218 HK) Ltd said the arrest of Kwun Wing-yi, the husband of Lui Yuk Chu, vice chairman and executive director of the company, for the charge of kidnapping and money laundering, would not affect the company’s operations, assets and finances. (Hong Kong Economic Times A12)
Excellence Real Estate Group (1028 HK) will resume its listing plan next year in spring to raise as much as HK$3.9 billion, which is halved from its original plan of HK$7.8 billion. (Hong Kong Economic Journal P. 12)
First Mobile Group (865 HK) says it cannot meet demands by its bank creditors for the immediate repayment of HK$362 million. Its shares will be suspended from today. (Sing Tao Finance B2)
Guangzhou R&F Properties (2777 HK) has bought a site in Zhujiang New Town in Guangzhou for 1.01 billion yuan. The gross floor area is 91,503 square meters. (Sing Tao Finance B3)
Kingsoft Corporation (3888 HK) said the earnings for the third quarter has dropped 32.9 per cent on the year to 69.064 million yuan due to the fall in average user consumption and tax rise. Earnings per share were 6.48 HK cents and income has grown 13.4 per cent to 246 million yuan. (Sing Tao Finance B3)
QJY Media (2366 HK) has posted a net loss of HK$390 million for the year ended September 30, compared with a profit of HK$217 million a year ago. Loss per share was 55.96 HK cents. A final dividend of 0.88 HK cent per share was declared. (Sing Tao Finance B3)
Shimao Property (813 HK) has bought a residential area in Shenyang for 790 million yuan. Per square meter price is 1436 yuan. (Sing Tao Finance B3)
Sino Dragon New Energy (395 HK), formerly China Zirconium, said it will focus on fuel power research and undertake two new energy projects to generate power from coking coal and marsh gas. Chairman Yang Xinmin said Sino Dragon will launch a three-year research and development plan for its solid oxide fuel cell project. (Sing Tao Finance B3)
Smartone Telecommunications Holdings (315 HK) CEO Douglas Li said yesterday the number of smartphone users has grown nearly 70 per cent over the last 12 months. He said the company would launch new search services for smartphones. (Hong Kong Economic Journal 8)
Soho China Ltd (410 HK) chairman Pan Shi Yi said yesterday at the 7th Global Chinese Business Leaders Summit that the group’s sale amount had achieved 12 billion yuan. He said the housing price next year would depend on government polices instead of developers. (Hong Kong Economic Journal 13)
The Tianjing-based developer Sunac China (1918 HK) plans to list on the Hong Kong bourse by the end of this year, sources said. The company aims to raise as much as US$300 million. (Hong Kong Economic Journal P. 12)
Yip's Chemical (408 HK) Holdings yesterday announced that its gross profits have grown 44 per cent on the year to HK$228 million for the period ended September 30. Earnings per share were 42.5 HK cents. It will pay an interim dividend of 12 HK cents per share. (Hong Kong Economic Journal 13)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
