IPO: Pharmaceutical producer Lansen Pharmaceutical Holdings, owned by Cathay International Holdings, a London-listed cooperation that invests mainly in healthcare sectors in China, said it would raise HK$557 million through a flotation on Hong Hong bourse. (Sing Tao Daily B2)
IPO: UK insurer Prudential will follow the way of Fortune Real Estate Investment Trust (0778) to transfer shares to Hong Kong in groups instead of individually to save service charges and make sure there will be enough share liquidity when its listing launches. (Sing Tao Daily B2)
Dragged by narrower net interest spread, CM Bank (3968 HK), sixth largest banks in the mainland by assets, dropped by 13.48 per cent in 2009 profit to18.235 billion yuan. Earnings per share were 0.95 yuan. A final dividend of 0.21 yuan per share would be paid. Dividend payout ratio was 22 per cent. (Hong Kong Economic Journal P.4)
China Petrochemical (386 HK), the Beijing-based company known as Sinopec Group, will buy about 9 percent of oil-sands producer Syncrude through its unit Sinopec International Petroleum Exploration & Production Co. (Sing Tao Daily B2)
China Communications Construction (1800 HK) said it would reorganize one of its subsidiaries to focus on property development. The company will achieve revenue of at least 2 billion yuan through its property development business after the reorganization. (Sing Tao Daily B4)
China Southern Airline (1055 HK) is planning to invest more in developing hubs of Shenzhen, Hainan, Xingjiang and Shanghai. The company will double its market share by 40 per cent in both Shenzhen and Hainan after the development, according its CEO. (Sing Tao Daily B4)
China Uptown Group Company (2330 HK) announced that it might suffer huge loss for the six fiscal months ended 31 December 2009, mainly affected by the loss on disposal arising from certain investment projects in order to improve the overall liquidity of the group. (Sing Tao Daily B4)
Dongfeng Group (489 HK) posted turnover of 91.8 billion yuan for the year 2009, up 30 per cent. Net profit climbed 58 per cent to 6.25 billion yuan. Earnings per share were 72.54 cents yuan. A final dividend of 9 fens yuan per share was declared. (Hong Kong Economic Journal P.6)
Enviro Energy International Holdings Limited (8182 HK) sold 8.2 per cent of its current shares to Cheung Kong Infrastructure Holdings (1038) before mid-April for HK$176 million. The company said it would cooperate with Cheung Kong Infrastructure in several green energy development projects. (Sing Tao Daily B4)
Fortune REIT (778 HK), the Singapore-listed real estate investment trust managing shopping malls in homes projects developed by Cheung Kong (0001), recorded more than 10 per cent rent growth in relet contracts. The company will be listed next Tuesday. (Sing Tao Daily B2)
GD NY Logistics (3399 HK) saw turnover for 2009 dropped by 19 per cent to 6.2 billion yuan, due to a drop in industrial material prices. Results for the year sank into the red and recorded a loss of 190 million yuan as provision of 480 million yuan was made during the period. No final dividend would be paid. (Hong Kong Economic Journal P.6)
Honghua Group (196 HK) sank into the red and recorded a loss of 127 million yuan for the year 2009 amid weak demand on oil. Revenue was 1.96 billion yuan, down 59 per cent. Gross margin was 26.4 per cent, dropped by 2.2 percentage points. No final dividend would be paid. (Hong Kong Economic Journal P.8)
K. Wah International (173 HK) recorded net profit of HK$916 million for the year 2009. Core earnings were HK$700 million, up 6.8 times year-on-year. The company would launch items totaled 160 thousand square meters in Hong Kong and mainland this year. A final dividend of 10 HK cents per share was declared. (Hong Kong Economic Times A13)
Shimao Property (813 HK) reported net profit of 3.511 billion yuan for the year 2009, up 3.17 times. The company expected to achieve its sales target of 30 billion yuan this year. A final dividend of 23 HK cents per share was declared. (Hong Kong Economic Times A13)
Xiwang Sugar (2088 HK), largest crystalline glucose in the PRC, posted net profit of 100 million yuan for the year 2009, up 60 per cent. Earnings per share were 0.12 yuan and final dividend of 0.037 yuan per share would be paid. The company was expanding into the pharmaceutical sector. (Hong Kong Economic Journal P.4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
