Agile Property (3383 HK) announces that the Hainan Clear Water Bay project achieved contracted sales of an aggregate of 6.5 billion yuan for the first 10 months. Oct contracted sales amounted to 2.4 billion yuan, of which 25 per cent generated from turnover during the “National Day golden week” period. (Hong Kong Economic Times A14)
Anhui Expressway (995 HK) has received a notice from the Commodity Price Bureau of Anhui Province, under which with effect from 0:00 a.m. 10 Nov 2010 the tolls to be collected by Hening Expressway, Gaojie Expressway, Xuanguang Expressway and Lianhuo Expressway (Anhui Section), all owned by the Company, will be based on the new toll rates. (Hong Kong Economic Times A14)
Apollo Solar Energy Technology (566 HK) has signed an agreement with a company incorporated in Vietnam. Apollo agreed to sell 30 MW TFSC Modules Production Line for a total contract sum of US$33 million. (SingTao Daily B2)
BOC Aviation, subsidiary of Bank of China (3988 HK), says that it has signed contract with Airbus regarding purchasing 30 units of A320 aircrafts. (SingTao Daily B2)
China Forestry (930 HK) proposes to issue five-year US dollar senior notes, but the size of the notes issue has not been announced. The company expects the proceeds will be used for acquisition and general corporate use. (SingTao Daily B2)
China Motion Telecom International (989 HK) expects its results for the six months ended 30 Sep 2010 to record a loss as compared with a profit for the corresponding period in 2009. Such estimated loss was mainly due to the intensifying competition in the telecom market driving down the gross margin of the businesses. (SingTao Daily B2)
China Resources Power (836 HK) is planning to issue yuan bonds worth between 1 billion yuan and 2 billion yuan, according to market sources. It is said that this batch of yuan bonds is merely for institutional investors, therefore no retail portion is prepared. (Hong Kong Economic Journal P31)
Datang International Power (991 HK), one of China's largest power producers, is seeking to spin off its renewable energy business in the year, aiming to raise US$1 billion (around HK$7.8 billion) through floating shares in Hong Kong, Bloomberg reports, citing sources. (Hong Kong Economic Journal P31)
Chongqing Rural Commercial Bank is likely to launch its initial public offering on the local bourse, Dow Jones reports. The lender submitted listing application to HKEx (388 HK) in end Oct, aiming to raise over HK$6 billion by issuing 2.3 billion new H shares. It is expected to kick off roadshow and public offering within November at the earliest. (Hong Kong Economic Journal P31)
HSBC (5 HK) has offering new personal loans for clients to pay tax, which carry an actual interest rate of as low as 2.96 per cent per annum. Clients can borrow up to eight times of their monthly salary. The actual annual interest rate of loan amount between HK$5,000 and HK$20,000 will be 4.55 per cent. (SingTao Daily B2)
Li & Fung (494 HK) announces that it will become the purchasing agent of Li Ning brand, responsible for purchasing readymade clothes for the sportswear firm from the international and mainland markets. (SingTao Daily B2)
Longfor Properties’ (960 HK) contracted sales totaled 23.67 billion yuan for the first 10 months, surpassing its full-year target by 95 per cent. Contract signing for Oct amounted to 4.95 billion yuan, surging 34 per cent month on month. (Hong Kong Economic Times A14)
The Hongkong and Shanghai Hotels (45 HK) expect that the complete renovation of guestrooms at The Peninsula Hong Kong to be carried out in 2 phases commencing January 2012 until April 2013. The renovation will increase the hotel’s 3 year capital expenditure programme by around HK$350 million.(Hong Kong Economic Times A14)
Wah Nam International (159 HK) announced yesterday that it has been seeking potential acquisition opportunities, especially businesses related to mining industry. (SingTao Daily B2)
Wynn Macau (1228 HK) saw profit for the third quarter surging 56.5 per cent to US$114 million (around HK$834 million), meeting market expectations. A special dividend of HK$0.76 was declared. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
