BoCom (332 HK) announced that the financial departments of the two major shareholders as well as HSBC have pledged to fully participate in its rights issue. If A-share shareholder’s rights issue ratio achieves 70 per cent, HSBC’s stake holding of the bank will increase to 19.55 per cent after completion of the rights issue. (SingTao Daily B3)
China Overseas (688 HK) announced that its sales performance in May achieved the target of HK$3.45 billion, dropping 39 per cent year-on-year, involving 418 thousand square meters of floor area. (SingTao Daily B3)
China Resources (1109 HK) announced that the company entered into a facility agreement in relating to a $100 million term loan facility with a bank. It stipulated that China Resources Holdings should hold not less than 35 per cent in the issued share capital of the company. CRH owns approximately 63 per cent of the issued share capital of the Company for the time being. (SingTao Daily B2)
China Resources (836 HK) Power Executive Director Wang Xiao Bin expects coal production to reach 16 million tons by the end of this year and to next year the number to go up over 43 per cent year-on-year to 23 million tons. (Hong Kong Economic Times A12)
China SCE property (1966 HK) announced that it bid Beijing Hualong Building development project under Sinopec Group at a consideration of 126 million yuan last Thursday. (SingTao Daily B2)
Denway Motors (203 HK) and Guangzhou Automobile revise terms for privatisation of Denway Motors. Exchange ratio is raise to 0.474026 Guangzhou Automobile H Shares for every Denway share. Other terms stay the same. (Hong Kong Economic Times A12)
Evergrande Real Estate (3333 HK) announced that its contracted sales in May reaped 4.05 billion yuan, rising 33 per cent over the same period last year, involving 640 thousand square meters of sales area. (SingTao Daily B3)
Jutal Offshore Oil Services (3303 HK) 55 per cent owned JV company JVC sells a full revolving hoisting engineering vessel with a gross tonnage of 5,384 tons for 125 million yuan, expecting a gain of 10.521 million yuan from the disposal. (Hong Kong Economic Times A12)
Metallurgical Corporation of China (1618 HK) plans to issue up to 14.9 billion yuan of medium term notes and up to 14.4 billion yuan of short-term financing bills within the PRC. The company said it will lower the cost of borrowings and have no material effect on the debt to assets ratio. (Hong Kong Economic Times A12)
PCCW Limited (5 HK) subsidiary PCCW Global has signed a MPLS Inter-Carrier Interconnection agreement with Pakistan Telecommunications Company to strengthen network coverage and service availability. The company will be able to offer seamless connectivity into Pakistan. On the other hand Pakistan Telecommunications Company will be able to use its infrastructure to satisfy requirements in over 100 countries. (Hong Kong Economic Journal P10)
Qin Jia Yuan Media Services (2366 HK) completes its acquisition of 51 per cent of the issued share capital of Rich State Media Enterprises for a consideration of 75 million, partly paid by cash and by issue of new shares. (Hong Kong Economic Journal P8)
Sun Hung Kai Properties (16 HK) just got Tsueng Kwan O site in Feburary this year. It won again yesterday in an auction for Ho Man Tin site, increasing floor area it holds by almost 900,000 feet. (Hong Kong Economic Journal P2)
Tack Fat Group (928 HK) announced that the company will implement the open offer of new shares on the basis of 339 offer shares for every 5 new shares, for reorganizing its business and repaying the debts. (SingTao Daily B3)
Vitasoy International (345 HK) announced that for the year ended 31 march 2010, it posted a net profit of HK$260 million, rising 20 per cent year-on-year, earnings per share amounted to 25.6 HK cents. A final dividend of 13.4 HK cents per share and a special dividend of 10 HK cents each are recommended. (SingTao Daily B3)
Zhongsheng Group (881 HK) signed an agreement with Bank of Communications Beijing Branch that BoCom Beijing will grant a line of credit with a total amount of 4 billion yuan in various forms of credit facilities to the Company. (SingTao Daily B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
