China Merchants Bank (3968 HK), the country’s sixth-biggest lender, said its 1.3-for-10 rights issue for Shanghai-listed A shares will start registration on Thursday. Price per new share is at as much as 8.85 yuan. (Hong Kong Economic Times A12)
China Precious Metal Resources Holdings (1194 HK) said it has agreed to subscribe 79 million or 13 per cent new shares of Australian Norton Gold Fields Limited at A$0.25 apiece for HK$138 million. (Hong Kong Economic Journal P. 7)
CITIC Resources (1205 HK), a Chinese metals producer turned energy supplier, signed an electricity contract with Portland Aluminium Smelter yesterday with effect from 2016 to 2036. (Sing Tao Finance B3)
CK Life Sciences (775 HK) has recorded a net profit of HK$187 million for the year ended December 31 in 2009, against a net loss of HK$350 million a year ago. Earnings per share were 1.95 HK cents. No final dividend was declared. (Sing Tao Finance B3)
Country Garden (2007 HK) said its contracted sales for January and February amounted to 4 billion yuan, surging 71 per cent year-on-year. (Sing Tao Finance B2)
Gome Electrical (493 HK) said its wholly-owned subsidiary, Gome Appliance, received a copy of indictment in respect of an alleged bribery offence by organization served by the Second Intermediate People’s Court of Beijing Municipality last Thursday. (Hong Kong Economic Times A12)
Guangzhou R&F Properties (2777 HK), the biggest developer in the southern Chinese city, said contracted sales drop 11 per cent year-on-year in February to 2.1 billion yuan on slower activity during the Lunar New Year holiday. (Sing Tao Finance B2)
Guoco (53 HK) said its net profit amounted to HK$1.063 billion for the six months ended December 31 in 2009. Earnings per share were HK$3.27. An interim dividend of 80 HK cents per share was declared. (Sing Tao Finance B2)
ICBC (1398 HK) said its overseas assets amounted to US$40 billion for last year, rising 23 per cent to the prior year. (Hong Kong Economic Journal P. 7)
Kaisa Group (1638 HK) has agreed to sign a strategic alliance framework agreement with HNA Property to establish an alliance framework, exploring investment and business opportunities in various types of property projects on the mainland. (Sing Tao Finance B2)
Kingboard Chemical Holdings (148 HK) has posted a net profit of HK$2.396 billion for the year ended December 31 in 2009, surging 40 per cent year-on-year. Earnings per share were HK$2.837. A final dividend of 45 HK cents per share was declared. (Sing Tao Finance B3)
Kowloon Development (34 HK) has recorded a net profit of HK$1.214 billion for the year ended December 31 in 2009, against a net loss compared with a year ago. The company proposes a final dividend of 32 HK cents per share. (Sing Tao Finance B2)
Ping An Insurance (2318 HK) said it has no plan to privatize Shenzhen Development Bank and denies the rumour of merger. (Hong Kong Economic Journal P. 7)
Polytec Asset Holdings Limited (208 HK) has posted a net profit of HK$886 million for last year with a final dividend of 1.5 HK cents. (Hong Kong Economic Times A12)
Sands China (1928 HK) parent said EBITDAR of subsidiaries Venetian Macao and Sands Macao for last year were US$557 million and US$245 million respectively, rising 11.5 per cent and 14.1 per cent year-on-year.(Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
