Bonjour Holdings (653 HK) booked a 14.2 per cent increase in retail sales amount over the same period last year in the National Day golden week on Oct 1-7. The growth in sales is mainly driven by the increase of mainlanders visiting Hong Kong. (SingTao Daily B4)
The Ministry of Land and Resources of the PRC announces the result regarding the handling of certain unlawful uses of land and resources occupied by BYD (1211 HK) subsidiary. The Shannxi provincial office of the Ministry of Land and Resources has decided that the buildings, constructions and facilitates built on the land shall be forfeit and a fine of 2.95 million yuan shall be imposed on the BYD subsidiary. (SingTao Daily B4)
China CITIC Bank’s (998 HK) controlling shareholder CITIC Group intends to subscribe for all the rights shares according to a rights issue plan. Ministry of Finance has approved the plan and the subscription undertaking by CITIC Group. China CITIC Bank says it will continue to apply for approvals from the relevant domestic and offshore regulatory authorities including China Banking Regulatory Commission, China Securities Regulatory Commission and the HK bourse. (Hong Kong Economic Times A15)
China Huiyuan Juice (1886 HK) has obtained the waiver in respect of the US$250 million loan, on the conditions that the company shall pay the lending banks US$1.25 million, prepay an aggregate of US$25 million within one month from the waiver date, and the interest on the relevant loans shall be increased 0.5 per cent per annum. (SingTao Daily B4)
Datang International Power Generation (991 HK) posted power generation of 128.4 billion kWh for the 1st 3Qs, up 26.16 per cent yoy, on a rise in capacity of the operational generating units and the demand for power in the society. (Hong Kong Economic Times A15)
The total sales volume of Geely Automobile (175 HK) for the first nine months was 274,980 units of vehicles, surging 26.5 per cent year-on-year, which achieves 68.7 per cent of the full-year sales target of 400,000 units of vehicles in the year. (SingTao Daily B4)
Huaneng Power International (902 HK) saw power generation go up 32 per cent yoy to 190.9 billion kWh in the 1st 3Qs on an increase in national electricity demand, lower base number of power generation last year and the electricity generation contributable by new generating units. (Hong Kong Economic Times A15)
International Mining Machinery’s (1683 HK) substantial shareholder TJCC Holdings sold 175 million shares of the company at HK$6.7-6.9 each yesterday after closing. According to info from HKEx, TJCC’s shareholding in the company was down from 60 per cent to around 46.5 per cent. Shares closed at HK$7.15 yesterday. (Hong Kong Economic Times A15)
IRC (1029 HK) announces that offer price is fixed at HK$1.8, 18 per cent lower than the lower end of price range. Shares to be issued are down from 1.325 billion shares to 1.04 billion shares. Board lot size is now 2000 shares. Maximum offer price a lot is around HK$3636.3. It plans to list on 21 Oct. (Hong Kong Economic Journal P11)
Jingwei Textile (350 HK) machinery expects a turnaround to profit-making for the nine-month period ended Sep 30, recording a net profit of around 95-110 million yuan. Earnings per share was about 15.7-18.2 fen. The sharp growth in profit is mainly because Zhongrong International Trust Co. Ltd. has become consolidated in the accounts of the company since August 2010.
(SingTao Daily B4)
MMC (975 HK) opened at HK$7.02, same as the offer price, and rose 4.7 per cent to close at HK$7.35, better than in the gray market. Holding a lot generated a paper gain of HK$165. Chairman Odjargal Jambaljamts says the company intends to list on Mongolia bourse but it will take time to confirm the plan. (Hong Kong Economic Journal P11)
Sources say that Sihuan Pharmaceutical’s international (460HK) placing is well received and shares are 10 times oversubscribed. It will kick off its IPO tomorrow. (Hong Kong Economic Journal P11)
Sino Dragon New Energy (395 HK) plans to place 221 million shares at a price of HK$0.324 per share, representing nearly 18 per cent discount to its closing price yesterday. The company intends to use the net proceeds of around HK$70.1 million to finance potential investment projects.
(SingTao Daily B4)
Standard Chartered (2888 HK) seeks to raise around HK$39.91 billion through a rights issue at a price of 1,280 pence (around HK$156.82) per share, representing a 31.82 per cent discount to its closing price before trading suspension. The rights issue will be based on one share for every eight existing shares. This surprise move sent the lender's shares down 1.1 per cent to close at HK$227 yesterday. (SingTao Daily B2)
TCL (1070 HK) saw sales of LCD TV dipping 12.4 per cent year-on-year to 983,000 units in Sep, while proportion of LED Backlight LCD TV jumped 18.9 per cent. Sales of LCD TV went down 6.1 per cent year-on-year for the first nine months. The company has finished clearing up old model stocks for the mainland market on schedule. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
