Sunac China Holdings (1918 HK), a land developer found in Tianjian, plans to float 600 million new shares from HK$2.90 to HK$3.70 each through its initial public offering on the Hong Kong bourse to raise HK$2.22 billion. The minimum entry fee for one board lot of 1,000 shares is HK$3737. (Sing Tao Finance B14)
Fufeng Group (546 HK) plans to place 62 million shares at a price between HK$4.5 and HK$4.7 per share, a discount between 11.42 per cent to 7.48 per cent to the closing price yesterday. The company is seeking HK$292 million of financing through the share placement. (Hong Kong Economic Journal P. 4)
Hanison Construction (896 HK) has recorded a profit of HK$49 million for the six months ended September 30, compared with a loss of HK$24.68 million as compared with prior year. Earnings per share were 11.2 HK cents. An interim dividend of 1.5 HK cents per share was declared. (Sing Tao Finance B3)
HKR International (480 HK) has posted an interim profit of HK$658 million for the period ended September 30, a 1.37 times year-on-year increase. Earnings per share were HK$0.48. An interim dividend of 0.2 HK cents was declared. (Hong Kong Economic Journal P. 4)
Johnson Electric (179 HK) has posted an interim profit of US$14.61 million for the period ended September 30, plunging 68 per cent compared with last year.
Earnings per share were US$0.4. No interim dividend was declared. (Sing Tao Finance B3)
Joyce Boutique Holdings Limited (647 HK) has posted a profit of HK$4 million for the six months ended September 30, up 155 per cent compared to the previous corresponding period. Earnings per share were 0.2 HK cent. No interim dividend was declared. (Sing Tao Finance B3)
Real Gold Mining (246 HK) announced that the third-phase ore-processing capacity expansion of both the Shirengou-Nantaizi processing plant and Luotuochang processing plant owned by the subsidiaries of the company were completed. The total daily production capacity of the Shirengou-Nantaizi processing plant has increased to 1,480 tonnes, representing an increase of approximately 49 per cent as compared to the pre-expansion production capacity. (Sing Tao Finance B3)
Sandmartin International (482 HK) has gained an approval from Taiwan regulatory to issue 148 million units of TDR priced ranging between NT$7.3 and NT$9.3 (HK$1.76 to HK$2.24) each. Application list for subscription by the public in Taiwan will open on December 8. Dealings in the Taiwan on the bourse are scheduled on December 18. Sandmartin intends to use the net proceeds from the TDR issue for general working capital purpose. (Hong Kong Economic Journal P. 4)
China’s Yanzhou Coal Mining Co Ltd (1171 HK) has obtained an official approval to take over Australian coal mining company Felix Resources. The company said it will have an approved coal reserve of 1.5 billion tons in Australia after the takeover. The deal, involving 3.3 billion Australian dollars ($3 billion), would be the largest of its kind between Chinese and Australian firms. (Sing Tao Finance B3)
China Forestry (930 HK) plans to raise its targeted timber volume by 20 per cent next year by acquiring 120,000 hectares timberland in Yunnan and Sichuan. The company plans to acquire timberland in Jiangxi and Fujian in three to five years. (Hong Kong Economic Times A16)
China Jin Hui Mining Corporation (462 HK), which will rename to Natural Dairy (NZ) Holdings Limited soon, plans to raise HK$1 billion to develop its dairy business by placing HK$951 million worth convertible bonds to Sun Hung Kai Investment. (Hong Kong Economic Times A16)
CPIC (2601 HK) plans to offers 861 million H shares at between HK$26.8 and HK$30.1 each to raise as much as HK$25.93 billion. Entry fee for one board lot of 200 shares is HK$6080.74. CPIC starts its roadshow today. (Hong Kong Economic Journal P.2)
Guangzhou R&F Properties (2777HK) announced that it has met its contracted sales target of 23 billion yuan this year. It has raised its 2010 contracted sales target to 30 billion yuan, a 30 per cent growth of that this year. (Hong Kong Economic Times A16)
Hidili Industry International Development (1939 HK) announced that it has agreed to acquire a coal mine and related assets in Yunnan for HK$397 million. (Hong Kong Economic Times A16)
Zhaojin Mining (1818 HK) announced that it has signed a strategic cooperation framework agreement with Chongli in Hebei that they will jointly utilize, develop gold minerals and associated resources in Chongli and establish a gold mineral company to acquire the remaining mining rights. (Hong Kong Economic Times A16)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
