Agile Property (3883 HK) has won a land bid in Jiangsu province for 940 million yuan. The lot is expected to have a potential floor area of 560,000 square meters. The company has also won a bid at Guangzhou Science City in Guangzhou province with a land price of 7074 yuan per square.
Beiren Printing Machinery (187 HK) announced that its net loss for the first three quarters was 55.84 million yuan, against a net loss of 76.85 million yuan last year. Loss per share was 13.2 fens. Net loss for the third quarter was 20.16 million yuan.
Build King Holdings (240 HK) announced yesterday that it has gained a project from Ocean Park. The expansion project amounts to HK$628 million. Facilities in Ocean Park will double upon the completion of the project.
China Overseas Land & Investment (688 HK) has won bids for four pieces of residential lands in Shenyang, Changchun, Chongqing and Foshan for around 10.8 billion yuan in October, providing a potential floor area of 52.28 million square meters.
China Power International Development (2380HK) said it will invest in the Chuanjing Coal Mine project situated in Junlian Mining Area in Sichuan Province by forming a joint venture. China Power will hold 49 per cent stake in the joint venture and will contribute 198.45 million yuan to the venture.
Country Garden (2007 HK) says its contracted sales for October was 3.6 billion yuan, surging 142 per cent from a year ago, with a floor area of 710,000 square meters sold.
Food packaging products maker CPMC Holdings Ltd, (906 HK) a packaging unit of COFCO, said its international placing portion of the Hong Kong initial public offering is seen ten times oversubscribed. CPMC is selling 200 million shares to raise up to HK$1.08 billion.
Cvm Minerals (705 HK) has recorded a net loss of HK$71.1 million for the first three quarters ended September 30, against a net loss of HK$51.53 million from a year ago. Loss per share was 1.58 HK cents.
Fubon Bank (Hong Kong) Limited (636 HK) and China Life Insurance (2628) has signed a
Memorandum of Insurance Business Cooperation. The two companies will enhance collaboration in the realm of insurance business and a series of life insurance products from CLI (Overseas) will be made available to customers of Fubon Bank through its retail outlets in Hong Kong.
HSBC (5 HK) said it plans to increase branches on the mainland to 120 by the end of the year and will open 15 to 20 more branches next year, according to HSBC Asia chief executive Sandy Flockhart.
Jiangsu Nandasoft Technology (8045 HK) has posted a net profit of 11 million yuan for the first three quarters ended September 30, climbing 7.8 per cent from a year earlier. Earnings per share were 1.19 fens. No dividend was declared. Net profit for the third quarter was 3.964 million yuan, rising 7.5 per cent from a year ago.
Magician Industries (526 HK) announced that it has reached an agreement with its substantial shareholder to buy its plastic and home products businesses for HK$90 million in cash. The company has placed 937.5 million new shares to its substantial shareholder in return to raise HK$150 million.
Playmates Toys (869HK) announced that it plans to issue convertible bonds worth US$30 million to Playmates Holdings Limited (0635) at a price of US$0.1 per share. The proceeds will be used for general working capital of its toy and related business.
Shanghai Shimao (813 HK), a subsidiary of Shimao Property, announced that its net profit attributable to owners of the parent company was 92.423 million yuan for the first nine months, surging 12.7 times over the corresponding period of last year. The earnings per share were 0.118 yuan.
Swire Pacific (19 HK) said it is considering the possibility of a separate listing of the shares of Swire Properties, which is at present a wholly-owned subsidiary of Swire Pacific. The net asset value of the property unit amounts to HK$80 billion.
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
