Agile Property (3383 HK) said it has acquired a land plot in Nanjing for 105 million yuan with an average price of 4407 yuan per square meter. Meanwhile, the developer has recorded contracted floor sales of 2.5 billion yuan with a total area sold of 210,000 square meters in January. (Sing Tao Finance B2)
Chalco (2600 HK) has agreed to jointly develop and operate a smelter, which will have an initial annual production capacity of 330,000 metric tons, with GIIG Holdings in Sarawak state in Malaysia. The company plans to invest about US$350 million to US$400 million (HK$2.73 billion to HK$3.12 billion) in the joint venture, holding 35 per cent to 40 per cent of stake in it. (Sing Tao Finance B2)
Beijing Capital Land (2868 HK) is looking to maintain contracted sales for this year to the 2009 level of 10 billion yuan, merely a 4 per cent growth year-on-year.
(Hong Kong Economic Journal P. 9)
Chairman of China Metal Recycling Chun Chi Wai (773 HK) bought 1 million shares of the company at an average price of HK$6.729 per share yesterday. He said that the company plans to spend 350 million yuan on capital expenditure this year. (Sing Tao Finance B3)
CNOOC (883 HK) announced that its partner Husky Oil China Ltd discovered a new deepwater gas field in the South China Sea at the Liuhua 29-1 field in the South China Sea. The company has 51 per cent working interest in the discovery. (Sing Tao Finance B1)
Fantasia Holdings (1777 HK) said it has acquired a commercial and residential site in Wuxi with a floor area of 220,000 square meters for 500 million yuan. (Sing Tao Finance B2)
First Pacific (142 HK) announces that Indofood, its 50.1 per cent subsidiary, proposes to split off ICBP, a wholly owned subsidiary of Indofood, which conducts Indofood’s consumer branded businesses relating to noodles, food ingredient, packaging, biscuit, dairy, food seasonings, snack foods, and nutrition and special foods. It is proposed that ICBP will be listed on the Indonesia Stock Exchange. (Hong Kong Economic Times A13)
Franshion Properties (817 HK) has applied for enlarging contraction limit of its project in Beijing, a land bid of HK$4.6 billion won last year, but was disapproved by regulators. (Hong Kong Economic Journal P. 9)
Frasers Property (535 HK) said it has recorded a profit of HK$95.54 million for its first quarter ended December last year, rising 35 times than that of the corresponding period a year ago. Earnings per share were HK$0.014. (Hong Kong Economic Journal P. 9)
Geely Automobile (175 HK) has recorded a total sales volume of 43,800 units for January, surging 137 per cent from the same period last year and 1 per cent from December in 2009. (Hong Kong Economic Times A13)
Grand T G Gold Holdings (8299 HK) has recorded a net profit of HK$0.77 million for the third quarter ended December 31 in 2009, against a net loss of HK$19 million from the corresponding period of the prior year. The company will focus on exploiting gold on the mainland, aiming at producing 65000 ounces of gold this year, said chairman Lee Sing Leung Robin. (Sing Tao Finance B3)
Hang Lung Properties (101 HK) announced that Mr. Henry Yiu Tze-yin has been appointed as its executive director with effect from February 9. (Sing Tao Finance B2)
SMIC (981 HK) said its revenue for the fourth quarter last year edged up 3 per cent to US$333 million, while sales in China accounted for 21 per cent. Gross margins improved to 10.6 per cent compared to 0.8 per cent in the previous quarter primarily due to an increase in wafer shipments and fab utilization. Yet, loss attributable to holders of ordinary shares grew to US$482.3 million due to the settlement of litigation. (Hong Kong Economic Times A13)
Sunlight REIT (435 HK) has posted a net profit of HK$88.9 million for the six months ended December 31 in 2009, sliding 12 per cent compared with a year earlier. Distribution per unit was 6.88 HK cents, a 25.9 per cent decline year-on-year. (Sing Tao Finance B2)
Wah Nam International (159 HK) announced a top-up placement of 334 million shares with a placing price of HK$0.9 each, 18.92 per cent on its closing price. The proceeds amount to HK$297 million while HK$10 million will be used as working capital and the rest for future acquisition. (Hong Kong Economic Journal P. 8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
