IPO: Bloomberg citing sources says that Prada is studying an IPO in HK for Q1 2011 and will come to HK and hire investment banks next month. The company says Ebitda more than doubled to 225 million euros in the 6 months ended July 31. (Hong Kong Economic Times A3)
As disclosed in an announcement previously, AMA (959 HK) has provided AMAX Holdings the AMA undertaking pursuant, to which AMA will upstream the remaining HK$25 million profit by 9 monthly instalments commencing mid July this year. (SingTao Daily B3)
Boer Power Holdings (1685 HK) kicks off its IPO today and will list on 20 Oct to raise HK$821-1,196 million, with CCB International as sponsor. The shares will be offered at HK$4.38-6.38 a share at a board lot size of 1,000 shares. (Hong Kong Economic Journal P2)
After Warren Buffett’s visit, many major banks are bearish on BYD Company (1211 HK). Shares of the company went down 4.65 per cent to end at HK$58.4 yesterday. Credit Suisse sets Underperform rating on the company. Goldman Sachs sets Sell rating. (Hong Kong Economic Journal P6)
Celestial Asia Securities (1049 HK) proposes to subdivide each existing issued and unissued share of HK$0.10 of the company into ten subdivided shares of HK$0.01 each. In addition, the board lot size of the shares will be changed from 2,000 shares to 6,000 subdivided shares. (SingTao Daily B3)
Central China Real Estate (832 HK) proposes to issue guaranteed senior notes to fund new property projects, including construction costs and land premium, and for general corporate purposes, with Deutsche Bank as sole global coordinator and Deutsche Bank, ING and Nomura as joint bookrunners and joint lead managers. Approval in-principle has been received for the listing of the notes on SGX-ST. (Hong Kong Economic Journal P8)
China Nonferrous Metals (8306 HK) aims to place 200 million shares at a price of HK$0.25 per subscription share to Ruffy Investments Limited that is owned by a director of a subsidiary of the company Mei Wei. The subscription shares represent around 4.33 per cent of the issued share capital as enlarged. (SingTao Daily B3)
Glorious Property Holdings (845 HK) recorded contracted sales of around 1.606 billion yuan in Sep, up 138 per cent mom. Contracted sales area amounted to 134,733 m, up 104 per cent. Contracted sales was 5.792 billion yuan for the first 9 months. Contracted sales area reached 566,766 m. (Hong Kong Economic Journal P8)
Golden Meditech (801 HK) has made an application to the Taiwan Stock Exchange for the offering and listing of TDR, which represents 180 million shares of the company, around 9.86 per cent of the issued share capital as enlarged. The company intends to use the net proceeds for repaying bank loans and establishing a representative office in Taiwan. (SingTao Daily B3)
HannStar Board International (667 HK) announces that the unaudited net operating revenue of HannStar Jiangyin, an indirectly wholly owned subsidiary of the company, and HannStar Board (SAMOA), a directly wholly owned subsidiary of the company amounted to around NT$1.534 billion and NT$723 million respectively for September 2010. (SingTao Daily B3)
Hua Xia (8143 HK) proposes that every ten shares be consolidated into one share and the consolidated ordinary shares will be traded in board lots of 4,000 shares instead of 20,000 shares. (SingTao Daily B3)
Neo-China Land Group (563 HK) will be required on 15 Oct to pay around HK$65.41 million to redeem all HK$50.16 million principal amount of bonds that have received valid put option notices at about HK$13,040 for each HK$10,000 principal amount of bonds. Immediately after the redemption HK$2 million principal amount of bonds will still remain outstanding. (Hong Kong Economic Journal P8)
New World China Land (917 HK), subsidiary of New World Development (0017), posted profit attributable to equity holders of HK$2.636 billion for the year ended 30 June, jumping 94 per cent yoy. A final dividend of HK$0.07 per share was recommended. Property sales volume rose 1.2 times to 1.039 million sq.m. (Hong Kong Economic Journal P4)
New World Development (17 HK) posted an underlying profit of HK$6.082 billion for the year ended Jun 30, surging 72.4 per cent. Turnover rose 23.8 per cent to HK$30.219 billion. Earnings per share was HK$2.99. A final dividend of HK$0.28 per share was recommended. (SingTao Daily B3)
Yuzhou Properties (1628 HK) that launched property projects in Xiamen and Fuzhou recorded contracted sales of 470 million yuan for the first five days of October, almost a quarter of its first half sales amount, with sales area reaching 42,700 sqm. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
