(1224) C C LAND HOLDINGS LIMITED
OCT SALES UP 1.45X
C C Land Holdings recorded Oct sales of 614 million yuan, up 1.45 times yoy. Area amounted to 76,500sqm, up 98 per cent. Sales reached 5.277 billion yuan for the first 10 months, with area of 704,000sqm.
(Hong Kong Economic Times A14)
(0775) CK LIFE SCIENCES INT’L,. (HOLDINGS) INC.
TO ACQUIRE CWT FOR HK$260M
CK Life Sciences Int’l plans to acquire 72.26 per cent equity interest in Challenger Wine Trust, a trust holding vineyard business across Australia and New Zealand, at a transfer price of AUD0.24 (around HK$1.89) per unit, involving around HK$260 million in total. Upon completion of the acquisition, the vineyard assets will bring in recurrent cash flow for the company.
(SingTao Daily B3)
(0025) CHEVALIER INTERNATIONAL HOLDINGS LIMITED
CANCELS ACQUISITION OF MINING PROJECT IN PHILIPPINES
Chevalier International and subsidiary Chevalier Pacific (0508) jointly announce that the proposed acquisition of interests in a mining project in the Philippines has been terminated.
In addition, Amy Fan Li-zhen and Frankie Cheung Ka-heng have tender their position as executive directors of Chevalier Pacific. Trading in shares of both companies will resume today.
(SingTao Daily B3)
(2877) CHINA SHINEWAY PHARMACEUTICAL GROUP LIMITED
JAN-SEP TURNOVER 1.407B YUAN
China Shineway Pharmaceutical Group announces that turnover for the first nine months amounted to around 1.407 billion yuan, leaping 25.7 per cent year on year.
(SingTao Daily B3)
(1668) CHINA SOUTH CITY HOLDINGS LIMITED
INTERIM NET UP 41.3%
China South City saw profit rise 41.3 per cent yoy to HK$347 million for the 6 months ended 30 Sep. Revenue went up 136.6 per cent yoy to HK$590 million. Gross profit margin rose 17 percentage points to 56.2 per cent. No interim dividend was declared.
(Hong Kong Economic Journal P11)
(3333) EVERGRANDE REAL ESTATE GROUP LIMITED
1ST 10-MONTH CONTRACTED SALES 41.1B YUAN
Evergrande Real Estate has reached its full-year sales target of 40 billion yuan, well ahead of schedule. Its contracted sales in the first 10 months brought in 41.1 billion yuan, surging 74 per cent year on year. Chairman Hui Ka-yan expects contracted sales amount of 2010 to reach 50 billion yuan,
(SingTao Daily B2)
(0885) FOREFRONT GROUP LIMITED
ASSOCIATE PROPOSES TO LIST ON GEM
Forefront Group was informed by one of its associated companies that it aims to list on the Hong Kong Stock Exchange. The associate will apply for the listing on the growth enterprise market next year.
(SingTao Daily B3)
(0778) FORTUNE REAL ESTATE INVESTMENT TRUST
Q3 DISTRIBUTABLE INCOME HK$96.25M
Manager of Fortune Real Estate Investment Trust announces that the distributable income for the third quarter was HK$96.25 million, rising 18.5 per cent. Unit holders was distributed 5.76 HK cents per fund unit.
(SingTao Daily B3)
(0818) HI SUN TECHNOLOGY (CHINA) LIMITED
PLANS TO SPIN OFF AND FLOAT SUBSIDIARY
Hi Sun Technology (China) plans to spin off and separately list PAX Global Technology and expects to recognize a gain of up to HK$908 million. Its interest in PAX will be reduced from 100 per cent to about 40 per cent.
(Hong Kong Economic Journal P4)
(2314) LEE & MAN PAPER MANUFACTURING LIMITED
INTERIM NET HIT NEW HIGH
Lee & Man Paper Manufacturing saw net profit increase 3 per cent to HK$839 million for the 6 months ended 30 Sep. Revenue went up 36.3 per cent yoy to HK$6.9 billion. Interim dividend of 6 HK cents per share was declared.
(Hong Kong Economic Times A12)
(0842) LEOCH INTERNATIONAL TECHNOLOGY LIMITED
FREEZES HK$46.7B
Leoch International Technology closed its retail book yesterday. Market sources say its IPO was around 258 times oversubscribed and it freezed around HK$46.7 billion. (Hong Kong Economic Times A12)
(0332) NGAI LIK INDUSTRIAL HOLDINGS LIMITED
KEY SHAREHOLDER TO SELL 71.48% INTEREST
Ngai Lik Industrial announces that key shareholder Success Pioneer is planning to dispose of its 71.48 per cent interest in the company to Frontier Global Group formed by mainland enterprisers including Wang Jian-qing. The transaction price is equivalent to a price of HK$0.0314 per share. (SingTao Daily B3)
(0767) PACIFIC PLYWOOD HOLDINGS LIMITED
TO DISPOSE OF 3 COMPANIES FOR HK$5M
Pacific Plywood proposes to dispose of three companies, AHL, GTL and SGB, which have suffered losses for over two years and are under the condition of net liabilities. The consideration for the disposal is HK$5 million. The company expects the deal to book a paper gain of around HK$157.25 million. (SingTao Daily B3)
(0880) SJM HOLDINGS LIMITED
Q3 NET UP 5.28X
SJM Holdings booked Q3 net profit of HK$867 million, up 5.28 times yoy. Adjusted EBITDA was HK$1.178 billion, up 1.35 times, meeting expectations. Shares closed at HK$12.16 yesterday, down 1.6 per cent. (Hong Kong Economic Journal P6)
(0083) SINO LAND COMPANY LIMITED
PLACES 242M SHARES
Sino Land Company places 242 million shares at HK$16.6-17.1 each, 6.5-9.2 per cent discount to yesterday’s closing price of HK$18.28, to raise HK$4.0172 billion- 4.1382 billion. Placing agent is Goldman Sachs. (Hong Kong Economic Journal P4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
