Bio-Dynamic Group (39 HK) plans to raise net proceeds of around HK$42.38 million by way of top-up placing of up to 90 million shares at a price of HK$0.48 per share, representing over 14 per cent discount to its close yesterday. (SingTao Daily B3)
Brightoil Petroleum (933 HK) has signed a memorandum of agreement to buy two oil tankers for a total consideration of HK$897 million. The consideration will be funded by internal resources and bank financing. (SingTao Daily B3)
Chevalier Pacific (508 HK) has confirmed to acquire a 90 per cent stake in the target company, which holds 36 per cent interest in a magnetite-mining project in the Philippines, from its executive director Fan Amy Lizhen. The total consideration will be HK$648 million. (SingTao Daily B3)
China Eastern Airlines (670 HK) largest single shareholder China National Aviation, which holds 12 per cent interest of H shares in the company, sold 20 million shares in China Eastern Airlines at a price of HK$4.226 for HK$84 million on July 28. The interest in the company held by China National Aviation has been decreased to 4.72 per cent. (SingTao Daily B3)
Convenience Retail Asia (8052 HK) saw turnover rise 2.9 per cent to HK$839 million in Q2 over the same period last year. Net profit attributable to shareholders went up 9.1 per cent to HK$23.86 million. An interim dividend of 1.9 HK cents per share and a special dividend of 2.4 HK cents per share were proposed. (Hong Kong Economic Times A12)
High Fashion International (608 HK) expects profit to increase for the six-month ended 30 June as gain on fair value changes on derivative financial instruments and fair value of investment properties rose. It will announce interim results by late August. (Hong Kong Economic Times A12)
HSBC (5 HK) recorded profit attributable to shareholders of HK$52.562 billion in 1H, surging 102.06 per cent over the same period last year. Profit before tax amounted to HK$86.3 billion, up 121.24 per cent. (Hong Kong Economic Journal P1)
Hutchison Telecommunications (215 HK) Hong Kong saw net profit rise 41 per cent to HK$361 million for the six months ended 30 June. Turnover went up 4.5 per cent to HK$4.283 billion. Interim dividend per share of 3.32 HK cents was recommended. (Hong Kong Economic Times A12)
Lumena Resources (67 HK) controlling shareholder Nice Ace Technology fully repaid loan from BOCI on 30 July and share charge was released. (Hong Kong Economic Times A12)
Morning Star (542 HK) major shareholders plan to place 1.53 billion shares of which 750 million shares have been subscribed and 700 million shares have been bought by Fong Shing Kwong. Mr. Fong will hold nearly 29 per cent interest in the company after completion of the transaction. (SingTao Daily B3)
Pearl Oriental (632 HK) announced that the company and Zhang Jingyuan shall withdraw all their legal claims and it shall dispose of its stake in the joint venture company to Mr. Zhang. As the company has already made a full provision of impairment loss in respect of the joint venture, it expects to have a substantial non-recurrent income from the sale of the equity interest.
Poly (Hong Kong) Investments (119 HK) posted net profit of HK$736 million for the six months ended 30th June, surging 38.9 times over the same period last year. Turnover climbed 5.1 times to HK$2.766 billion. Earnings per share were 23.91 HK cents. (Hong Kong Economic Times A12)
Proview International (334 HK) announces that a bankruptcy order has been granted against Mr. Yang at the High Court and Mr. Yang has tendered his resignation as the chairman, the chief executive officer and an executive director of the company with effect from 2 August 2010 due to his inability to further perform his duty as a director. (SingTao Daily B3)
Willie International (273 HK) expects to record an interim loss due to net fair value losses on investments held for trading, loss on disposal of subsidiaries and any possible allowance for doubtful debts. (SingTao Daily B3)
Xinyi Glass (868 HK) posted net profit of HK$641.8 million for the six months ended 30 June, up 185 per cent over the same period last year. Turnover was HK$2.648 billion, up 62.7. An interim dividend of 8 HK cents per share was declared. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
