Agile Property (3383 HK) announced that it has been granted a term loan facility in the amount of US$125 million for three years. (Hong Kong Economic Journal P. 8)
Bank of China Hong Kong (2388 HK) is planning for a US$1.5 billion subordinated debt issue so to partially repay to parent a US$2.5 billion shareholder loan from 2008. (Hong Kong Economic Journal P. 2)
China Aoyuan Property Group (3883 HK) plans to sell homes of a luxury project “The Chang'an Avenue” in Beijing at an average price of 80,000 yuan per square meter. It is expected that the project can bring in 13 billion yuan if all units are sold. (Sing Tao Finance B2)
China Nickel Resources Holdings (2889 HK) expects to have 12,000 tons nickel production this year as its nickel project in Lianyungang has started production in June. (Sing Tao Finance B3)
China Oil & Gas (603 HK) plans to place 500 million existing shares at a price of HK$1.25 apiece to raise as much as HK$566 million. (Hong Kong Economic Times A14)
Far East Golden Resources Group (1188 HK) plans to acquire three A-share firms to raise financing for its new energy automobile project. Approval from one of the three firms has been granted. (Hong Kong Economic Times A14)
Foxconn International Holdings (2038 HK) expects a significant decline in its consolidated results for the whole year of 2009, though there has been encouraging improvement in the second half. (Sing Tao Finance B2)
Rumour has it that the debt-ridden Fu Ji Catering (1175 HK) has found the white knight as national committee member Huang Yinghao and chain restaurant Tan Yu Tou chair Tan Changan plan to buy it out. Huang said he is interested in buying partial Fu Ji Catering stake but refused to reveal details of the deal. (Hong Kong Economic Journal P. 4)
HKR International (480 HK) announced to sell stake in BC Investment, an investment vehicle, to Cagen for HK$144.3 million. The proceeds will be used as working capital for the group’s core business projects in Hong Kong and Shanghai. (Hong Kong Economic Journal P. 8)
HSBC (5 HK) yesterday promoted group general manager Anita Fung to head of global banking and markets, Asia-Pacific, with immediate effect. Fung will directly report to Peter Wong Tung-shun, chief executive of Hong Kong and Shanghai Banking Corporation. (Hong Kong Economic Journal P2)
Longfor Properties (960 HK) had won a bid of two plots in Changzhou with a gross floor area of 384,700 square meters for 2.28 billion yuan. (Hong Kong Economic Journal P. 8)
Pearl Oriental (632 HK) Innovation has agreed to acquire 70 per cent stake in Utah gas and oil field in the US. The payment will be settled by US$50 million in cash and an issuance of new shares at HK$1.38 apiece. The company preserves a right to acquire the rest stake for US$250 million in two years’ time. (Sing Tao Finance B2)
Sijia Group (1863 HK), a Fujian-based polyester fabric composite material producer, is set to launch its Hong Kong initial public offering today with an entry fee of HK$4171 per board lot of 1000 shares. (Sing Tao Finance B2)
Smartone Telecommunications Holdings (315 HK) started selling iPhone last Saturday, being the second telecommunication company offering iPhone package in Hong Kong. The company expects to sell more than 5,000 units of iPhone in the first launching day. (Hong Kong Economic Journal P10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
