Bauhaus International (483 HK) has recorded a net profit of HK$17.10 million for the first half ended September 30, plunging 30 per cent year-on-year. Earnings per share were 4.8 HK cents. An interim dividend of 2 HK cents per share was declared. (Sing Tao Finance B4)
Shareholders of Belle International (1880 HK), a retailer of ladies footwear, plans to raise HK$2.378 billion by placing 253 million shares at between HK$9.11 to HK$9.40 per share, a discount of 5.62 to 8.53 per cent of its closing price yesterday. (Sing Tao Finance B1)
Li Ka-shing, chairman of Cheung Kong (13 HK), has further accumulated 1.563 million shares of Cheung Kong this month for HK$158.49 million, he is now holding 41.31 per cent stake in the company. (Sing Tao Finance B4)
China Gas (384 HK) has posted a net profit of HK$432 million for the first half ended September 30, surging 5.8 times from a year ago. Earnings per share were 12.95 HK cents. No interim dividend was declared. (Sing Tao Finance B4)
China National Offshore Oil Corp (883 HK) has signed a production sharing contract with BG Group for block 63/16 in the Qiong Dong Nan basin of western South China Sea. Under the terms of the contract, BG Group will conduct 3D seismic survey and exploration drilling. All expenditures incurred during the exploration period will be borne by BG Group. CNOOC has the right to participate in up to 51 per cent working interest in any commercial discoveries in the block. (Hong Kong Economic Journal P. 8)
Geely Automobile (175 HK) would complete its acquisition of Volvo by the coming lunar new year, Reuter quoted sources. Geely spokesman refused to comment on the rumour. (Hong Kong Economic Times A14)
Huaneng Power International’s (902 HK) parent Huaneng Group has gained approval from Chinese regulators to develop a coal-to-electricity project for 7.7 billion yuan. The project construction is expected to kick off in 2010. (Hong Kong Economic Journal P. 8)
K. Wah International’s (173 HK) chairman Lui Che Woo said the company would try to declare a special dividend to shareholders to celebrate its 55th anniversary of the company and the harvest of its mainland property business. (Sing Tao Finance B2)
Lifestyle International’s (1212 HK) substantial shareholder Smart Success and its wholly-owned subsidiary Win Early have agreed to sell 60 per cent stake in Ample Sun to a German real estate fund company for HK$594 million. Lifestyle International can generate a profit of HK$20.60 million upon the deal. (Sing Tao Finance B2)
Man Sang International (938 HK) has recorded a net profit of HK$20 million for the first half ended September 30, rising almost 3 times from a year ago. Earning per share were 1.65 HK cents. An interim dividend of 3 HK cents per share was declared. (Sing Tao Finance B2)
Huang Maoru, chairman of Maoye International (848 HK), is rumoured to be involved in a case related to Gome (493) founder Huang Guangyu, who was arrested last year for alleged economic crimes. Maoye International trading was suspended since yesterday. (Sing Tao Finance B2)
Shui On Land (272 HK) Ltd yesterday signed a HK$1 billion three-year term syndicated loan agreement with a consortium of nine international banks and financial institutions, the first unsecured loan successfully arranged for a Chinese mainland-based Hong Kong property developer since the onset of the 2008 global financial crisis. (Hong Kong Economic Journal P. 10)
Sun Hung Kai Properties (16 HK) said ION Orchard, a part of its jointly developed project Orchard Turn in Singapore, has won an award of the world’s property market in Asia Pacific (MIPIM Asia). (Hong Kong Economic Journal P. 10)
Wang On Group (1222 HK) has recorded an interim profit of HK$69 million for the period ended September 30, compared with a net loss of HK$83 million last year. Earnings per share were 3.68 HK cents. An interim dividend of 0.3 HK cent per share was declared. (Hong Kong Economic Journal P. 10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
