IPO: Fujian-based sportswear brand Meike has filed applications to HKEx to list on the Hong Kong bourse in February next year for HK$200 million to HK$300 million. (Hong Kong Economic Journal P. 3)
Parent of Aluminum Corporation of China, Chinalco (2600 HK), plans to expand production by building a copper refinery factory with an annual production of 500,000 tonnes in Gansu so to expand its production capacity by 10 per cent. (Sing Tao Finance B3)
BYD (1211 HK) has raised target sales by 14 per cent to 800,000 units next year due to the strong demand for automobile in China. The manufacturer expects the annual automobile sales to record a higher-than-expected 440,000 unit this year since the sales volume has already met its target volume in November. (Sing Tao Finance B2)
Pang Xiusheng, chief financial officer of China Construction Bank (939 HK), will be appointed as the vice president of the bank, but not that of the Agricultural Bank of China as rumoured, according to sources from Reuters. (Sing Tao Finance B2)
China Qinfa Group’s (866 HK) subsidiary Jinfa Materials has agreed to acquire 60 per cent stake in Ordos Bayin Mengke Nayuan Coal in Inner Mongolia for 857 million yuan. (Sing Tao Finance B3)
China South Locomotive & Rolling Stock Corp (1766 HK) said it has recently signed three transportation projects in the mainland, the contracts total 2.35 billion yuan. (Hong Kong Economic Times A10)
GCL-Poly Energy (3800 HK) announced its solar plant in Suzhou, with a 20- megawatt volume, has started operation, becoming the largest solar plant in the country. (Hong Kong Economic Times A10)
Hainan Meilan International Airport (357 HK) has formed JV Hainan Meilan International Airport Cargo Company Limited with Baixiang Logistics to provide international (including regional) and domestic air cargo transportation sales agency services, ground agency service for inbound and outbound cargos of Meilan Airport, and ground transportation services. (Hong Kong Economic Journal P. 4)
Imagi International (858 HK) is in preliminary talks with various parties on a potential investors in the company. No definitive agreement has been made at this stage.Imagi International surged 90 per cent to HK$0.152 yesterday. (Sing Tao Finance B2)
Jiangxi Copper Company (358 HK) said the production volume of refined copper amounted to 800,000 tonnes, surging 14 per cent compared with the 702,000 tonnes last year. (Sing Tao Finance B3)
Shares in Lumena Resources (67 HK) fell as much as 15.6 per cent yesterday after its chairman, Suolang Duoji, offered one-fifth stake in the firm to Bank of China International as security for a loan facility.(Hong Kong Economic Journal P. 3)
Ming Hing Waterworks Holdings (402 HK) announced that it has agreed to buy licenses of coal, gold and copper mines issued by Mongolia for HK$1.94 billion to expand in the coal mining industry. (Sing Tao Finance B2)
Beijing MTR Corporation Limited (66 HK), the joint venture company of MTRC, has signed a ten-year operations and maintenance concession agreement for Beijing Metro Daxing Line with Beijing Metro Daxing Line Investment Company. (Hong Kong Economic Journal P. 4)
PetroChina (857 HK), China’s largest oil producer, is approved to buy MacKay River and Dover oil-sands projects of Athabasca Oil Sands Corp in Canada for CAD 1.9 billion (HK$13.95 billion). (Sing Tao Finance B2)
Varitronix International (710 HK) announced its indirect wholly-owned subsidiary Varitronix Marketing has decided to voluntarily wind up. (Hong Kong Economic Times A10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
