Monday, January 3, 2011

Hong Kong Stock Market Wrap December 15th, 2010

Celestial Asia Securities (1049) announces a placing of about 160 million shares at HK$0.77 per share, representing a discount of around 9.4 per cent to the share price before trading suspension. (Sing Tao Daily B4)

China Haidian Holdings (256 HK) places 390 million shares, 9.54 per cent of the issued share capital as enlarged, at HK$1.21 a share, a discount of 19.87 per cent to the closing price of HK$1.51 per share. (Hong Kong Economic Journal P8)

China Investment Fund (612 HK) announces a 2:1 right issue after the capital reorganization of every 5 shares consolidated into one share, raising up to HK$78 million. (Sing Tao Daily B4)

China Resources Land (1109 HK) receives a US$195 million 2-yr bridging loan facility and a US$195 million 5-yr term loan facility from certain banks. Pursuant to the facility agreements, it shall be an event of default if its parent China Resources (Holdings) ceases to be the single largest shareholder holding not less than 35 per cent interest in the issued share capital. (Hong Kong Economic Times A12)

China Shenhua Energy (1088 HK) has got approval from the mainland government for the construction of the railway from Dahui to Shuohuang, involving a total investment of 13.456 billion yuan. (SingTao Daily B3)

Chongqing Rural Commercial Bank (3618 HK) closed at HK$5.45 in the gray market yesterday, off a high of HK$5.5. The closing price was 3.81 per cent higher than the IPO price. Not taking charges into account, holding a lot of 1000 shares generated a paper gain of HK$200. (Hong Kong Economic Times A10)

CNOOC (883 HK) limited announces that its partner BG has discovered natural gas in South China Sea, about 130 km away from the shore. (Sing Tao Daily B5)

Emperor International (163 HK) has raised its offer price in the acquisition of Emperor Entertainment and has slashed the issue price of each consideration share from HK$4.11 to HK$2.35, representing a decrease of 43 per cent. (Sing Tao Daily B5)

Golden Resorts Group (1031 HK) has announced to acquire from its CEO Chu Yuet Wah the entire issued share capital of Kingston Capital Asia at HK$12 billion. Its market value rose to HK$5.4 billion after its shares jumped to HK$0.52 each yesterday. (Hong Kong Economic Journal P10)

Sources say Guojin Resources Holdings (630 HK) places 300 million new shares at HK$0.234 per share, a discount of around 17.89 per cent to the closing price of HK$0.285 a share, to raise about HK$70 million. (Hong Kong Economic Journal P8)

Hang Seng (11 HK) announces that Mr. Alexander Andrew Flockhart will transfer to London and Mr. Iain James Mackay has transferred to London on 3 Dec to take up the position of Group Finance Director, so they have resigned as non-executives of the bank. (Sing Tao Daily B4)

Ming Fung Jewellery (860 HK) announces a top-up placing, involving up to 356 million shares, at a price of HK$0.78 per share to raise about HK$270 million. (Sing Tao Daily B4)

New World Development (17 HK) announces that Mr. Gary Guanzhan Chen will replace Mr. Chi-Kin Leung to be the Group’s new general manager after Mr. Leung’s retirement. (Sing Tao Daily B4)

Invest Gain places 230 million shares of Shanghai Industrial Urban Development (563 HK) at HK$2.8-3 per share, a 10-16 per cent discount to yesterday’s closing price of HK$3.34. (Hong Kong Economic Journal P8)

Skyworth Digital Holdings (751 HK) saw flat panel TV sales volume in the PRC go up 1 per cent to 613000 units in Nov, going up for the first time since Sep. Overseas TV sales volume sank 13 per cent to 151000 units. (Hong Kong Economic Times A12)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard