Aeon Stores (Hong Kong) (984 HK) said its net profit dropped 38 per cent year-on-year to HK$167 million for the year ended December 31 in 2009. A final dividend of 22.6 HK cents per share was declared. (Hong Kong Economic Times A10)
Chinalco, parent of Aluminum Corporation of China (2600 HK), announced that it has signed a non-binding memorandum of understanding with Rio Tinto Group to jointly develop the iron ore mine project in Simandou in Guinea. Chinalco will invest US$1.35 billion (HK$10.53 billion) in this project. (Hong Kong Economic Times A10)
China Resources Cement (313 HK) has posted a net profit of HK$1.01 billion for the year 2009, surging 32.8 per cent compared with a year ago. The company proposes no final dividend. (Hong Kong Economic Journal P.6)
Kai a Group (1638 HK) has recorded a net profit of 548 million for the year ended December 31 in 2009, rising 9.37 per cent year-on-year. Earnings per share were 13.8 fens. No final dividend was declared. (Sing Tao Finance B3)
Orient Overseas (International) (316 HK) has posted a net loss of US$402 million (HK$3.14 billion) for the year ended December 31 in 2009. The company proposes no final dividend. (Hong Kong Economic Times A10)
Rumor has it that SMIC (981 HK) plans to raise US$500 million (HK$3.875 billion) through a private equity placement or overseas convertible bond, according to sources. (Sing Tao Finance B3)
She zhen Expressway (548 HK) has recorded a net profit of 540 million yuan for the year ended December 31 in 2009, edging up 7.3 per cent year-on-year. Earnings per share were 0.248 yuan. A final dividend of 0.12 per share was declared. (Hong Kong Economic Journal P.6)
Air China (753 HK) announced that it has acquired 51 per cent shares of Shengzhen Airlines for 682 million yuan. (Hong Kong Economic Times, A12)
China Mobile (941 HK) confirmed to buy 20 per cent stake in Shanghai Pudong Development Bank this month. They will cooperate to develop combinations of phone service and financial products. (Hong Kong Economic Journal, P9)
China Telecom (728 HK) is estimated to earn a profit of HK$10.8 billion for the year 2009, down 30 per cent compared with a year ago, dragged down by the increasing cost and shrinking number of customers, according to Bank of America Merrill Lynch. (Sing Tao Daily B11)
Citic Pacific (267 HK) said it will sell its entire 65 per cent stake in Shijiazhuang Iron & Steel Co. for 1.58 billion yuan. (Hong Kong Economic Times A12)
Emcom International (8220 HK) has agreed to sell a property “Granville Identity shopping mall” in Tsimshatsui for HK$320 million to a company controlled by CSI Properties Limited (0497). (Sing Tao Finance B11)
Jiangsu Express (177 HK) reported a profit of 2.05 billion yuan, up 28.9 per cent year-on-year. Earnings per share were 0.4074 yuan. A final dividend of 31 cents per share was declared. (Hong Kong Economic Times A12)
Man Wah Holdings (1999 HK) will raise HK$2.87 billion yuan, equal to its market capital when it was a private company. The company has recorded 22.8 per cent growth in sales for the year 2009. (Hong Kong Economic Times, A12)
Zhong Sheng Holdings (881 HK) is likely to issue its new share at a price of HK$10.00 each, close to the bottom line of its IPO price range between HK$9.54 to HK$12.83, according to the estimates of Bloomberg. (Sing Tao Finance B11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
