Garron International (1226 HK) placed up to 14.13 million shares yesterday at a price of HK$0.368 per share, representing a discount of approximately 18 per cent to the closing price yesterday, to raise net proceeds of HK$5.12 million. (SingTao Daily B4)
Man Sang International (938 HK) saw net profit of HK$13.4 million for the year ended 31 March 2010 as loss on impairment of properties dropped. No dividend was declared. (SingTao Daily B4)
Sa Sa International (178 HK) saw turnover rise 20 per cent year-on-year in retail and wholesale business for the three months ended 30 June 2010. Retail and wholesale turnover from markets other than Hong Kong and Macau rose 27.2 per cent year-on-year during the period. (Hong Kong Economic Times B4)
Sundart International Holdings (2288 HK) posted profit of HK$175 million for the year ended 31 March 2010, up 21.5 per cent. Earnings per share were 40 HK cents. A final dividend of 9.5 HK cents per share was proposed. Total dividend declared for the year amounted to 18 HK cents. (Hong Kong Economic Journal P4)
Sun Hing Vision Group (125 HK) saw net profit drop 27 per cent year-on-year to HK$84 million for the year ended 31 March 2010. Earnings per share were 32 HK cents. A final dividend of 10 HK cents and a special dividend of 1.5 HK cents per share were proposed. (SingTao Daily B4)
Van Shung Chong (1001 HK) posted net profit of around HK$75 million for the year ended 31 March 2010. Earnings per share were 18.71 HK cents. A final dividend of 2.4 HK cents per share was recommended. (SingTao Daily B4)
Walker Group Holdings (1386 HK) posted turnover of around HK$11.4 million for the year ended 31 March 2010, up 9 per cent year-on-year. Net profit was almost HK$3 million as compared to the loss of HK$89.4 last year. Earnings per share were 0.47 HK cents. No dividend was declared. (Hong Kong Economic Journal P4)
China BlueChemical’s (3983 HK) wholly owned subsidiary CNOOC Fudao has signed an agreement to purchase a 21 per cent equity interest in Guangxi Fudao AMP for a consideration of 7 million yuan. CNOOC Fudao’s stake in Guangxi Fudao AMP will increase to 51 per cent. (SingTao Daily B15)
China Railsmedia (745 HK) said it had a loss of HK$87.31 million for the year ended 31 March 2010. Loss per share was 5.65 HK cents. No dividend was paid. (SingTao Daily B15)
Eva Precision (838 HK) plans to place 80 million shares at a price of HK$3.6 each under top-up placing to raise HK$276 million. The net proceeds of the subscription will be used for the continuing expansion of the existing business and potential acquisition opportunities. (Hong Kong Economic Times 11)
Fook Woo Group (923 HK), waste paper management services provider and integrated paper recycler, recorded a net profit of HK$280 million for the year ended 31 March, 2010, surging nearly 70 per cent. Earnings per share were 19 HK cents. No dividend was paid. (Hong Kong Economic Journal P4)
U.S. prosecutors are expanding their investigation of HSBC (5 HK) and the offshore tax services it offers to wealthy clients, according to US newspaper. At least two American clients are providing account details to the law enforcement officials, the New York Times said, citing sources. (Hong Kong Economic Journal P4)
New Environmental Energy (3989 HK) announced that it will inject a registered capital of 78.9 million yuan into the project company which is engaged in a waste treatment and waste-to-energy project in Shanghai. Its equity interest will increase to around 63 per cent following the capital injection. (SingTao Daily B15)
Jinheng (872 HK) aims to sell its manufacturing and sales business of safety airbags system to its major shareholder Wonder Auto Technolgy for HK$1.13 billion. The company said that the net cash income of HK$1.12 will be distributed to the shareholders by way of special dividend on the basis of HK$1 per share, involving HK$477 million. (Hong Kong Economic Times 11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
