Wednesday, April 7, 2010

Hong Kong Stock Market Wrap April 1st, 2010

IPO: French cosmetics group L'occitane will list its shares in Hong Kong to raise over HK$4.6 billion. The company will be the first Luxembourg-registered cooperation listed on Hong Kong bourse and the floatation is said to be done in May. (Hong Kong Economic Times A8)

Emperor International (163 HK) announced that it has brought a commercial unit at Emperor Group Centre from a major shareholder Albert Yeung for a consideration of HK$16.9 million. (SingTao Daily B2)

Hua Han Bio-Pharmaceutical (587 HK) plans to take its subsidiary Magic Holdings to listing in HK. Listing application has been submitted to the Hong Kong Exchanges and Clearing Limited. (SingTao Daily B2)

Shimao Property (813 HK) achieved contracted sales of 5.5 billion yuan for the first quarter this year, up 21 per cent year-on-year. Sales price on average rose to 12K per square metre from 9.94K in Q1 last year. Contracted sales volume in total was 459 thousand per square metre in Q1. (SingTao Daily B2)

Trading in the H shares of Shenyang Public Utility (747 HK) was resumed on April 1st after suspension of trading in shares for over five years. Share price closed at HK$1.15, up almost 92 per cent. Before suspension of trading in its H shares on 15th December 2004, the share price was HK$0.6. (SingTao Daily B2)

Xinao Gas (2688 HK) recorded a profit of 801 million yuan for the year 2009, up 27 per cent year-on-year. Earnings per share were 77.5 cents yuan. A final dividend of HK$21.65 cents per share was declared. (SingTao Daily B2)

Trading in the shares of Yue Yuen Industrial (551 HK) was resumed on April 1st after the company entered into agreements with Citi for borrowing of up to US$300 million. The shoemaker will receive an option premium of US$18.48 million from Citi and raise around HK$3.15 billion if options being fully exercised. (SingTao Daily B1)

Datang International Power Generation (991 HK) plans to invest an amount of 1.69 billion yuan in seven projects out of the 3.25 billion yuan of net financing from non-public issue of A shares. The projects include "Replacing Small Units with Larger Ones" expansion projects and expansion of installed capacity of power plants. (Sing Tao Daily B6)

Cheung Kong Holdings (1 HK), Hong Kong’s billionaire Li Ka-Sing’s property developer, has cashed out HK$10 billion through new property sales in the first quarter, up more than four times compared with the same period last year. (Hong Kong Economic Journal P9)

China Longyuan (916 HK), the country’s biggest wind-power producer, is building a wind-power project in South Africa. The company is also eyeing potential opportunities in countries around America and East Europe, which have good wind-power developing policy or abundant resources, according to the CEO. (Hong Kong Economic Times A9)

China Construction Bank (939 HK), the nation's second-largest lender, plans to raise about 75 billion yuan by listing new shares in Shanghai and Hong Kong this year, according to a published report Tuesday. The bank may raise up to 45 billion yuan via a private placement in Shanghai and 30 billion yuan via a rights offer in Hong Kong. (Hong Kong Economic Journal P2)

Haina Meilan International Airport (357 HK) announced that it would acquire 54.5 stake in HNA Airport, which owns 8 airports in mainland China, for 2.199 billion yuan. The company also said it will issue a special dividend of 35 fens before its A-share listing. (Hong Kong Economic Times A8)

The Chinese online-game software company Kingsoft Corporation (3888 HK) said it will focus more on online game business as the market is increasing sharply in the mainland. The company will launch four to six new online games this year, according to the CEO. (Hong Kong Economic Journal P9)

Lenovo Group Ltd., (992 HK) China's biggest personal-computer maker, said it will develop smart phone business as the wireless internet booms on the mainland. The company has bought back its handset unit last year for $2 billion. (Hong Kong Economic Journal P9)

Xinyi Glass (868 HK) said a jury in the U.S District Court issued a verdict, requesting a HK$189 million compensation, to the company’s subsidiaries for infringements of certain patents held by Saint-Gobain. (Hong Kong Economic Journal P9)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard