Apollo Solar Energy Technology (566 HK) has been notified by GS-Solar and China Gogreen (0397) that China Gogreen has agreed to acquire from GS-Solar convertible bonds issued by the company in the principal amount of HK$329 million at a consideration of HK$500 million. (SingTao Daily B4)
Beijing Capital Land (2868 HK) saw Oct sales go up 7 per cent mom to 1.5 billion yuan. Sales reached 8.8 billion yuan in the first 10 months. (Hong Kong Economic Journal P12)
Beijing Yu Sheng Tang Pharmaceutical (1141 HK) and Heritage International (0412) issue profit warning. They expect their interim results to sink into the red. (SingTao Daily B4)
China Overseas Grand Oceans (81 HK) acquires 30 per cent equity interest in a subsidiary Pan China Land at consideration of HK$1.234 billion, which shall be satisfied by issuing 247 million shares or in cash. (Hong Kong Economic Times A14)
Future Bright (703 HK) has entered into a placing agreement with Get Nice Holdings (0064). It plans to place up to 92.3 million new shares via the latter at HK$0.41 each to raise around HK$36.79 million. (SingTao Daily B4)
Guangzhou R&F Properties’ (2777 HK) Oct sales amounted to 2.506 billion yuan, down 31 per cent mom. Sales for the first 10 months increased by 16 per cent yoy to 23.901 billion yuan. (Hong Kong Economic Journal P12)
Kaisa Group Holdings (1638 HK) saw Oct sales rise 28 per cent mom to 800 million yuan. Sales climbed 87 per cent yoy to 7.7 billion yuan in the first 10 months. (Hong Kong Economic Journal P12)
KWG Property’s (1813 HK) Oct sales amount amounted to 750 million yuan. It has already achieved its full-year target of 10 billion yuan. (Hong Kong Economic Times A14)
Melco Crown Entertainment (200 HK) under Melco International Development earned US$15.78 million in Q3. Net loss, however, amounted to US$26.8 million for the first 9 months. (Hong Kong Economic Times A14)
Mingyuan Medicare Development (233 HK) has entered into a strategic co-operation agreement with Shanghai Pharmaceuticals. The latter, which has a sales network across 31 provinces, municipalities and autonomous regions in the PRC, will become its principal distributor in China. (SingTao Daily B4)
New Media Group (708 HK) acquires an industrial building at No. 82 Hung To Road, with a gross floor area of around 89,500 square feet, at a consideration HK$255 million. (SingTao Daily B4)
Oriental Watch Holdings (398 HK) expects interim net profit to increase significantly on an increase in turnover due to market recovery. (SingTao Daily B4)
Semiconductor Manufacturing International (981 HK) booked net profit of US$30.4 million in 3Q10, down over 68 per cent qoq. It lost US$69 million in the same period last year. (SingTao Daily B4)
Shimao Property Holdings (813 HK) recorded contracted sales of 23.66 billion yuan in the first 10 months. Contracted sales area reached 1.92 million sqm. Oct contracted sales amounted to 4.046 billion yuan, up 15 per cent mom. (Hong Kong Economic Times A14)
Wumart Stores (8277 HK) posted net profit of 400 million yuan for the first 3Qs, up over 20 per cent yoy. EPS amounted to 0.32 yuan. Q3 net profit reached 120 million yuan, up almost 21 per cent yoy. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
