IPO: The Dalian-based automobile sales agent ZhongSheng plans to list on the Hong Kong bourse in the first quarter to seek US$800 million to US$1 billion for expanding its China market.(Hong Kong Economic Journal P. 2)
361 Degrees International (361 HK) announced that the amount of order for the autumn season this year has surged 23 per cent. Order of wears has rose 18 per cent with a 7 per cent increase in price. For foot wears, order has surged 16 per cent with a 4 per cent increase in price. (Sing Tao Finance B4)
Agile Property (3383 HK) said yesterday that the contracted sales in 2009 jumped 95 per cent to 22.6 billion yuan. The gross floor sold amounted to 2.79 million square meters, a 69 per cent increase from a year ago. (Sing Tao Finance B2)
Rumour has it that Bank of China (3988 HK) plans to raise 27 billion yuan to 68.5 billion yuan through a rights issue, the lender aims to gain approval by March. (Hong Kong Economic Times A2)
BBMG (2009 HK) announced that it has won the land bid of a piece of residential and commercial land in Beijing for 662 million yuan with an average price of 13300 yuan per square meter. (Sing Tao Finance B4)
China Cosco (1919 HK)said freight rate of its routes from Far East to Africa would be raised by US$400 at most from January 15 onwards. The company closed at HK$10.38 yesterday, surging 5.9 per cent. (Hong Kong Economic Times A8)
China Shipping Container Lines Co, (2866 HK) the nation’s second-largest cargo-box carrier, said it will raise Asia-US rates on the containers in January and February. The company closed at HK$2.98 yesterday, surging 6.8 per cent. (Hong Kong Economic Times A8)
Rumoured has it that China Southern Airlines (1055 HK) plans to acquire Shenzhen Airlines. Sources said the company is financially capable to do so, but it has to confirm whether the value of latter can match with its price. (Sing Tao Finance B4)
China Zhongwang (1333 HK) was said to give inaccurate information in its prospectus, Economic Observer reported in September last year. The company representatives confirmed the accuracy of transactions and a public letter of apology has been received from the newspaper. (Hong Kong Economic Times A9)
Daphne International (210 HK), the Hong Kong-listed female footwear retailer, is to buy a 60 per cent stake in shoe retailer Full Pearl International for HK$195 million. The deal is expected to complete by the first quarter. (Sing Tao Finance B4)
Evergrande Real Estate Group (3333 HK) announced that its annual contracted sales in 2009 reached 30.3 billion yuan, surging 5.02 times compared with a year ago. The gross floor area sold amounted to 5.64 million square meters, nearly five times more than that in 2008. (Sing Tao Finance B2)
Hua Yi Copper Holdings (559 HK) announced that it has appointed Mr. Chi Chi Hung, Kenneth as an executive director and the chief executive officer of the company with effect from January 5. Mr. Chi is currently an independent non-executive director of ZMAY Holdings Limited (8085). (Sing Tao Finance B4)
Hutchison Whampoa (13 HK) may privatize its telecom unit Hutchison Telecommunications International Ltd (2332), market experts are generally positive about the possible deal. Credit Suisse expects the deal to amount to HK$3.96 billion, assuming a 10 per cent discount. (Hong Kong Economic Journal P. 2)
Share price of Playmates Toys (869 HK) surged 19 per cent to HK$0.96 yesterday as the company has gained an authorization to produce figures of Michael Jackson. Transaction of its share reached about 20 million yesterday. (Sing Tao Finance B4)
Soho China (410 HK) has recorded a contracted property sales of 13.1 billion yuan last year, surging 70 per cent from 2008. The developers stated that it will spend 10.6 billion yuan on acquiring four projects to expand commercial land bank in Beijing and Shanghai by 0.74 million square meters. (Sing Tao Finance B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
