BBMG (2009 HK) has agreed to acquire a residential and commercial project in Chongqing for 1.21 billion yuan with a gross floor area of 430,000 square meters and an average price of 2789 yuan per square meter. (Sing Tao Finance B2)
Cheung Kong (1038 HK) has spent HK$700 million on acquiring a land in Guangdong for building cement production facilities. (Hong Kong Economic Times A12)
China Life (2628 HK) estimated that its net profit for the year 2009 may increase by over 200 per cent as compared to that of 2008. (Hong Kong Economic Journal P. 8)
China Overseas Land & Investment (688 HK) said its contracted sales for January and February amounted to HK$6.88 billion, rocketing 115 per cent year-on-year. Its contracted sales for February totalled HK$2.78 billion. (Sing Tao Finance B5)
China Railway (390 HK) said it has agreed to acquire the entire stake in CRPW from its parent for 408 million yuan. (Sing Tao Finance B2)
China Resources Land (1109 HK) said it has invested in six projects involving 30 billion yuan. The group expects proportion of profit from commercial property to rise to 40 per cent. (Hong Kong Economic Journal P. 7)
China Southern Airlines (1055 HK) plans to issue 1.77 billion A-shares and 312.5 million H-shares, at a price of 5.66 yuan and HK$2.73 apiece respectively to up to 10 specific investors, including its parent, for 10.75 billion yuan. (Sing Tao Finance B1)
China Strategic Holdings (235 HK) chair and non-executive director Mr. Frederick Ma Si Hang was appointed as independent non-executive director of China Resources Land, with effect from March 8. (Hong Kong Economic Times A12)
China Windpower (182 HK) said its net profit for the first nine months ended December 2009 amounted to HK$181 million, surging 55 per cent year-on-year. Earnings per share were 2.65 HK cents. No dividend was declared. (Sing Tao Finance B5)
Dah Chong Hong (1828 HK) has recorded a net profit of HK$710 million for 2009, surging 26 per cent compared with a year earlier. Earnings per share were HK$0.4. A final dividend of 11.29 HK cents per share was declared. (Sing Tao Finance B5)
Hutchison Telecommunications (215 HK) has recorded a net profit of HK$468 million for the year ended December 31 in 2009, soaring 103 per cent year-on-year. Earnings per share were 9.72 HK cents. A final dividend of 6.16 HK cents per share was declared. (Sing Tao Finance B2)
MTR (66 HK) will announce results today; brokers expect its core profit to drop 11 to 18 per cent to between HK$6.47 billion and HK$7.29 billion. (Hong Kong Economic Times A12)
Now TV announced that it has won the media rights to broadcast 304 matches of the Italian Serie A Championship matches in the next two football seasons, further enhancing now TV’s extensive coverage of Italy’s top professional football league. (Hong Kong Economic Journal P. 8)
PetroChina (857 HK) and Royal Dutch Shell have made a joint bid for Arrow Energy for at least A$3.3 billion (HK$23 billion), marking the first foray by a Chinese firm in Australia’s coal seam gas sector. (Sing Tao Finance)
Want Want (151 HK) China has posted a net profit of US$313 million for the year ended December 31 in 2009, jumping 19 per cent compared with a year ago. Earnings per share were 2.37 US cents. A final dividend of 1.5 US cents per share was declared. (Sing Tao Finance B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
