China Merchants Holdings (144 HK) announced that it has entered into a JV agreement with Qingdao New Qianwan Container Terminal pursuant to which they agreed to establish a 50:50 joint venture to engage in construction, operation and management of a container terminal of Qingdao Port and the provision of port-related services. (Hong Kong Economic Times A10)
Rumour has it that China Travel International Investment (308 HK) is to form a joint venture Shaolin Culture and Tourism Co Ltd and list it in 2011. Yet, the government of Dengfeng, where the Shaolin Temple is based, said the report about temple’s IPO and selling state assets at a low price is absolutely untrue. (Hong Kong Economic Times A10)
Coastal Greenland (1124 HK) said it is in talks with a mainland regional government to build protective housing. The company plans to spend HK$1 billion to HK$1.5 billion on acquisitions next year and said it has no plan for financing at this stage. (Hong Kong Economic Journal P.4)
Hutchison Whampoa Ltd (13 HK), the largest by tonnage port management operator in the world, have been awarded the contract for running the third container terminal for Port Botany when the facility is finished in 2012. (Sing Tao Finance B12)
Imagi International (585 HK) said its interim net loss widened to HK$725 million for the six months ended September 30 from HK$21.8 million last year. Loss per share was 30.32 HK cents. No interim dividend was distributed. (Sing Tao Finance B12)
Melbourne Enterprises (158 HK) announced that for the year ended September 30, it had a net profit of HK$294 million, down 18.6 per cent compared to the previous corresponding period. Earnings per share were HK$11.74. A final dividend of HK$2.2 per share is declared. (Hong Kong Economic Journal P.4)
PYI Corporation (498 HK) has posted a net profit of HK$116 million for the six months ended September 30, surging 56 per cent year-on-year. Earnings per share were 2.9 HK cents. No interim dividend was declared. (Hong Kong Economic Journal P.4)
Bank of Communications (3328 HK) said it has signed a cooperation and credit line agreement to provide China Aerospace Science and Technology Corporation (CASC) with a credit line of 10 billion yuan. (Hong Kong Economic Journal P.8)
China Gamma Group (164 HK) announced that it has signed a ten-year cooperation agreement with the Academy of Military Medical Sciences in China to further develop its gamma ray technologies and to enhance public health and living standard in China. (Hong Kong Economic Journal P.8)
Chinese People Holdings (681 HK) has recorded a net profit of HK$232 million for the first half, surging 165 times year-on-year as it has sold it subsidiary for 220.8 million yuan. Earnings per share were 5.7 HK cents. No interim dividend was declared. (Sing Tao Finance B15)
Glorious Property (845 HK) announced that it has agreed to acquire 70 per cent stake in a residential project in Tianjin for 1.15 billion yuan. The gross site area amounts to 1.196 million square meters. The company plans to develop villas and low-rise apartments in the site. (Hong Kong Economic Times A14)
Rumour has it that HSBC (5 HK) plans to list on the Shanghai bourse in March 2010 at the earliest to raise up to 5 billion pounds (HK$62.6 billion). HSBC has appointed China Citic Bank, China International Capital Corp Ltd. and Goldman Sachs to advise on the offering, according to a British newspaper. (Hong Kong Economic Journal P.6)
New Century Group (234 HK) has posted a net profit of HK$137 million for the six months ended September 30. Earnings per share were 2.38 HK cents. An interim dividend of 0.2 HK cents per share was declared. (Sing Tao Finance B15)
Renhe Commercial (1387 HK) has agreed to sell its Zhengzhou Project to First Achieve Holdings Limited for HK$2.765 billion on an average of HK$40,000 per square meter. (Hong Kong Economic Times A14)
Water Oasis Group (1161 HK) has conditionally granted a option right of up to 37 million option shares of the company at a price of HK$2.26 per share to its consulting agent. (Sing Tao Finance B15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
