Agile Property (3383 HK) achieved contracted sales of 3.1 billion yuan in Sep, with total area of 240,000 square meters sold at an average of 12,917 yuan per square meter. As of Oct 7, the contracted sales totaled 20.2 billion yuan since beginning of the year, surging 59 per cent, having achieved 82 per cent of the full-year sales target. (SingTao Daily B2)
Asia Cassava Resources (841 HK) has entered into agreements in relation to an aggregate of 40 million shares issued at a price of HK$2.3 apiece, which represents about 10 per cent of the issued share capital of the company as enlarged. The net proceeds will be used as the general working capital. (SingTao Daily B2)
Capital Estate (193 HK) intends to issue a principal amount of HK$135 million convertible notes due 2013, bearing 4 per cent interest rate. The conversion price of HK$0.36 apiece represents a premium of around 5.9 per cent to the closing price yesterday. The net proceeds will be around HK$130 million. (SingTao Daily B2)
Cathay Pacific Airways (293 HK) and Dragonair carried a total of nearly 2.18 million passengers in Sep, up 18.4 per cent, with passenger load factors climbing 1.6 percentage points to 81.8 per cent. Cargo handling last month was up 12.9 per cent. Passenger loads in the first nine months rose 10.9 per cent to 20 million in total. (SingTao Daily B3)
Central China Real Estate (832 HK) announces an issue of US$300 million 12.25 per cent senior notes due 2015 to raise net proceeds of US$290.5 million. Around US$250 million of which is to fund new property projects, including land premium, and around US$35 million of which, to repay existing indebtedness. (Hong Kong Economic Journal P16)
China Rare Earth (769 HK) plans to place 100 million shares at HK$3.95 each, around 10.02 per cent discount to the closing price of HK$4.39 before suspension of trading in shares. Trading in shares resumes today. (Hong Kong Economic Journal P10)
Dalian Port (PDA) (2880 HK) proposes to issue not more than 1.2 billion public A shares to public A share investors and issue not more than 1.2 billion consideration shares to its parent PDA. Issue price will not be less than 90 per cent of the average trading price of its H shares during 20 trading days immediately prior to the publication of A shares prospectus. (Hong Kong Economic Times A10)
Kaisa Group (1638 HK) has successfully bid for a site located at Beijiao County, Shunde, Guangdong, at a consideration of 230 million yuan. The total site area is around 33,000 square meters. (SingTao Daily B2)
Mastermind Capital (905 HK) has signed subscription agreements with Allysino Holdings, Mega Start, and Tang Hao in respect of the subscription of 100 million shares, 100 million shares, and 155.2 million shares respectively, at a price of HK$0.125 per share. The net proceeds will be around HK$44.37 million. (SingTao Daily B2)
Accumulated written premiums of Ping An Insurance (Group)’s (2318 HK) subsidiaries, Ping An Life Insurance, Ping An Property & Casualty Insurance, Ping An Health Insurance and Ping An Annuity Insurance, were 124.05 billion yuan, 45.46 billion yuan, 139 million yuan and 3.95 billion yuan respectively for the first 9 months. (Hong Kong Economic Times A10)
Sino-Ocean Land (3377 HK) and Kee Shing (0174) announce a completion of group reorganization. According to the agreement, the consideration for the sale shares has been adjusted to around HK$510 million, equivalent to the offer price of HK$1.658 for each Kee Shing share. (Hong Kong Economic Journal P16)
SOHO (410 HK) China plans to acquire over 48 per cent equity interest in a project at a consideration of over 1.21 billion yuan. The project is for commercial and office use and is located at land lot No. 43, Lu Wan District, Shanghai. The developer also plans to acquire the remaining equity interest in the project early next year at the same consideration. (SingTao Daily B3)
Solartech International (1166 HK) shares rose 87.5 per cent to HK$0.075 yesterday. Trading volume amounted to HK$1.032 billion, almost 76 per cent of its market capitalization. It announced a placing of up to 7.2 billion new shares at HK$0.02 per share in Sep, 73.33 per cent discount to yesterday’s closing price. SGM will be held next Monday, 18 Oct. (Hong Kong Economic Times A10)
Stella International (1836 HK) booked US$426.3 million and US$970.8 million for the 3-month and 9-month periods ended Sep 30 respectively, up 41.5 per cent and 27.7 per cent respectively over the same periods a year ago. (SingTao Daily B2)
Value Partners Group (806 HK) announces a placing of 140 million shares, 8 per cent of the issued share capital as enlarged, at HK$5.68-5.93 per share, 5-9 per cent discount to yesterday’s closing price of HK$6.24, via JP Morgan. (Hong Kong Economic Times A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
Hong Kong Stock Market Wrap October 14th, 2010
Agile Property (3383 HK) achieved contracted sales of 3.1 billion yuan in Sep, with total area of 240,000 square meters sold at an average of 12,917 yuan per square meter. As of Oct 7, the contracted sales totaled 20.2 billion yuan since beginning of the year, surging 59 per cent, having achieved 82 per cent of the full-year sales target. (SingTao Daily B2)
Asia Cassava Resources (841 HK) has entered into agreements in relation to an aggregate of 40 million shares issued at a price of HK$2.3 apiece, which represents about 10 per cent of the issued share capital of the company as enlarged. The net proceeds will be used as the general working capital. (SingTao Daily B2)
Capital Estate (193 HK) intends to issue a principal amount of HK$135 million convertible notes due 2013, bearing 4 per cent interest rate. The conversion price of HK$0.36 apiece represents a premium of around 5.9 per cent to the closing price yesterday. The net proceeds will be around HK$130 million. (SingTao Daily B2)
Cathay Pacific Airways (293 HK) and Dragonair carried a total of nearly 2.18 million passengers in Sep, up 18.4 per cent, with passenger load factors climbing 1.6 percentage points to 81.8 per cent. Cargo handling last month was up 12.9 per cent. Passenger loads in the first nine months rose 10.9 per cent to 20 million in total. (SingTao Daily B3)
Central China Real Estate (832 HK) announces an issue of US$300 million 12.25 per cent senior notes due 2015 to raise net proceeds of US$290.5 million. Around US$250 million of which is to fund new property projects, including land premium, and around US$35 million of which, to repay existing indebtedness. (Hong Kong Economic Journal P16)
China Rare Earth (769 HK) plans to place 100 million shares at HK$3.95 each, around 10.02 per cent discount to the closing price of HK$4.39 before suspension of trading in shares. Trading in shares resumes today. (Hong Kong Economic Journal P10)
Dalian Port (PDA) (2880 HK) proposes to issue not more than 1.2 billion public A shares to public A share investors and issue not more than 1.2 billion consideration shares to its parent PDA. Issue price will not be less than 90 per cent of the average trading price of its H shares during 20 trading days immediately prior to the publication of A shares prospectus. (Hong Kong Economic Times A10)
Kaisa Group (1638 HK) has successfully bid for a site located at Beijiao County, Shunde, Guangdong, at a consideration of 230 million yuan. The total site area is around 33,000 square meters. (SingTao Daily B2)
Mastermind Capital (905 HK) has signed subscription agreements with Allysino Holdings, Mega Start, and Tang Hao in respect of the subscription of 100 million shares, 100 million shares, and 155.2 million shares respectively, at a price of HK$0.125 per share. The net proceeds will be around HK$44.37 million. (SingTao Daily B2)
Accumulated written premiums of Ping An Insurance (Group)’s (2318 HK) subsidiaries, Ping An Life Insurance, Ping An Property & Casualty Insurance, Ping An Health Insurance and Ping An Annuity Insurance, were 124.05 billion yuan, 45.46 billion yuan, 139 million yuan and 3.95 billion yuan respectively for the first 9 months. (Hong Kong Economic Times A10)
Sino-Ocean Land (3377 HK) and Kee Shing (0174) announce a completion of group reorganization. According to the agreement, the consideration for the sale shares has been adjusted to around HK$510 million, equivalent to the offer price of HK$1.658 for each Kee Shing share. (Hong Kong Economic Journal P16)
SOHO (410 HK) China plans to acquire over 48 per cent equity interest in a project at a consideration of over 1.21 billion yuan. The project is for commercial and office use and is located at land lot No. 43, Lu Wan District, Shanghai. The developer also plans to acquire the remaining equity interest in the project early next year at the same consideration. (SingTao Daily B3)
Solartech International (1166 HK) shares rose 87.5 per cent to HK$0.075 yesterday. Trading volume amounted to HK$1.032 billion, almost 76 per cent of its market capitalization. It announced a placing of up to 7.2 billion new shares at HK$0.02 per share in Sep, 73.33 per cent discount to yesterday’s closing price. SGM will be held next Monday, 18 Oct. (Hong Kong Economic Times A10)
Stella International (1836 HK) booked US$426.3 million and US$970.8 million for the 3-month and 9-month periods ended Sep 30 respectively, up 41.5 per cent and 27.7 per cent respectively over the same periods a year ago. (SingTao Daily B2)
Value Partners Group (806 HK) announces a placing of 140 million shares, 8 per cent of the issued share capital as enlarged, at HK$5.68-5.93 per share, 5-9 per cent discount to yesterday’s closing price of HK$6.24, via JP Morgan. (Hong Kong Economic Times A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
