Aeon Stores (Hong Kong) (984 HK) announced that a new department store with a floor area of 120,000 square meters will be opened in Megabox in the middle of the year. The company plans to invest HK$30 million in the project. (Sing Tao Finance B4)
Alibaba (1688 HK) said sales by its subsidiary Taobao hit 200 billion yuan last year and is believed to reach 400 billion yuan this year. (Sing Tao Finance B4)
Cheung Kong (1 HK), controlled by billionaire Li Ka-shing, is about to invest US$100 million in UC Rusal’s initial public offering in Hong Kong. (Sing Tao Finance B5)
China Daye Non-ferrous Metal Mining (661 HK) said it expects a decline on the group’s results for the six months ended October 31 last year due to share base payments recognized in the income statement. (Hong Kong Economic Times A12)
China Strategic (235 HK) and Primus Financial, a consortium filed its second application on Tuesday on its acquisition of American International Group Inc’s Taiwanese insurance unit, are requested by the Taiwan regulatory to provide photocopy of passports to prove whether its HK$7.8 billion capital is from mainland. (Sing Tao Finance B4)
China Windpower (182 HK) announced that it has five new wind power plants kicked off on-grid power generation last month. The company had 12 wind power plants in operation with a total installed capacity of 566MW. (Sing Tao Finance B4)
Emperor Watch & Jewellery (887 HK) plans to place 450 million new shares at a price of HK$0.51 per share to raise HK$227 million, a 3.77 per cent discount of its closing price yesterday. The proceeds will be used for the expansion of its sales network in Hong Kong, Macau and the mainland. Meanwhile, the company said it is also planning to issue convertible bonds. (Sing Tao Finance B5)
Geely Automobile (175 HK) said its sales in December surged 108 per cent from a year earlier to a record of 43,400 units. Unaudited sales for 2009 rose 59 per cent to 325,400 units, exceeding its sales target by 30 per cent, the company said in a statement. (Hong Kong Economic Times A12)
Good Friend International (2398 HK) announced that it has obtained the required approvals from Taiwan authorities for the offering and listing of TDR on the Taiwan Stock Exchange. The company plans to issue 67.2 million new shares and each TDR represents 1 new share. (Hong Kong Economic Times A12)
Hopson Development (754 HK) said it will launch 15 projects for sales this year and expects the sales to exceed 10 billion yuan so to boost the group’s sales up by at least 30 to 50 per cent. (Hong Kong Economic Journal P. 10)
Huadian Power International (1071 HK) announced that the power generated by its group companies for 2009 was 107.47 million MWh, representing an increase of 6.75 per cent compared with the prior year. The growth of power generation was mainly attributable to the power generated by the newly operated generating units. (Hong Kong Economic Journal P. 9)
Kerry Properties (683 HK) is launching Island Crest in Sai Ying Pun at HK$12,000 per square foot, representing an entry fee of HK$5 million. The developer will launch Island Crest II in the second quarter and expects a revenue of HK$6 billion from the two projects. (Hong Kong Economic Journal P. 10)
Ping An Insurance (2318 HK) said it would raise proportion of bond investment this year such as enterprise bonds as it expects inflation to boost up the rate of return of bonds. (Hong Kong Economic Journal P. 9)
Shimao Property’s (813 HK) contracted sales last year amounted to 22.5 billion yuan, exceeding the original target of 22 billion. The developer has raised the target for this year by 36 per cent to 30 billion. (Hong Kong Economic Journal P. 10)
TCL Multimedia (1070 HK) said it has sold 8.42 million units of televisions last year, a double of that in the previous year. Sales in December recorded 1.27 million units, the highest in 2009. (Hong Kong Economic Journal P. 9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
