Ajisen (538 HK) has granted 90,000 share options at an exercise price of HK$8.71 per share, equivalent to its closing price yesterday. The validity period of the share options are between 6 July 2011 to 5 July 2020. (Hong Kong Economic Times A11)
BBMG (2009 HK) plans to issue 410 million A shares to acquire Heibei Taixing Cement Co., Ltd. aiming to list in Hong Kong and mainland for setting up an “A+H” capital platform in both districts. (SingTao Daily B3)
China Boon (922 HK) aims to acquire 51 per cent stake in a Hangzhou company engaged in cemetery business for a consideration of 185 billion yuan. (SingTao Daily B2)
Competitor of China Strategic (235 HK) in the Nan Shan Life deal, Taiwan ChinaTrust Financial Holding Co., Ltd., expects to review its acquiring conditions in order to buy Nan Shan Life from AIG, Wall Street Journal reports. (SingTao Daily B2)
Coastal Greenland (1124 HK) posted net profit of HK$209m for the year ended end of March, down 3 per cent yoy. Earnings per share were 7.51 HK cents. No dividend is declared. (Hong Kong Economic Journal P9)
Chung Cho Yee Mico, major shareholder of CSI Properties (497 HK), has been transferred to be executive director from the post of non-executive director. He remains to be the chairman of the board. (SingTao Daily B2)
Grand T G Gold (8299 HK) announced that it will record a profit for the three months ended 30 June 2010 as compared to a loss for the corresponding period last year. (SingTao Daily B2)
Hans Energy Company (554 HK) shareholder Pony HK World takes it to the court and demands controlling shareholder of the company Vand petro-Chemicals and chairman An David to act according to the terms of an agreement in 2007 to buy a put option from Pony or pay compensation of HK$510 million. (Hong Kong Economic Journal P5)
Hopewell Highway (737 HK) plans to issue 1 billion yuan 2-year notes with an annual interest rate between 2.9-3 per cent. Today is the deadline for subscription. (SingTao Daily B2)
Kaisa Group (1638 HK) major shareholder Kwok Chun Wai increased holding of shares in the group by 3m shares on 30 June, involing HK$4.56m, taking his shareholding in the group to 59.03 per cent. (Hong Kong Economic Journal P9)
Longfor Properties (960 HK) achieved contracted sales volume for HK$10.4 billion in the first half, increasing 30.6 per cent year-on-year, being the first time its turnover for six months exceeding HK$10 billion. (SingTao Daily B4)
Shanghai Forte Land (2337 HK) announced that its contracted sales areas and sales volume in June were around 60,500 square metres and HK$751 million respectively, down 19.4 per cent and 27.5 per cent respectively over the same period of last year. (SingTao Daily B4)
Shui On Land (272 HK) chairman Lo Hong Sui Vincent and his wife increased holding of shares in the company by 95.24m shares at HK$3.168 each in average on 30 June, involving around HK$302m. (Hong Kong Economic Journal P9)
Solargiga Energy (757 HK) acquires 51 per cent interest in Qinghai Chenguang for 45.9m yuan in cash. The company is to develop monocrystalline silicon solar ingots business. (Hong Kong Economic Journal P5)
Tack Hsin (611 HK) said that its results for the year ended 31 March 2010 are expected to record a substantial loss from the net profit of around HK$5.82 million last year. The expected loss is mainly due to the recognition of derivative financial liability relating to the warrants, the convertible bonds of 2009 and 2010. (Hong Kong Economic Times A11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
