Bank of Communications (3328 HK) said yesterday that it planed to issue Renminbi denominated bonds of 20 billion yuan in Hong Kong in the coming two years, up to 10 billion yuan of which will be issued this year. (Sing Tao Daily B10)
China New Economy (80 HK) announces it will float its shares in main board by way of placing. The placing price is HK$1.03 per share, with board lot size of 100 thousand shares. (Sing Tao Daily B10)
China New Town (1278 HK) announces that Chengdu Shanghai Real Estate Company Limited, a subsidiary of Shanghai Golden Luodian Development Ltd which is in turn a non-wholly owned subsidiary of the company, has entered into an agreement with Chengdu Land Bureau to acquire the land parcels of Sanguan Village, Hongguang Town in Pi County with a consideration of 446.53 million yuan. (Hong Kong Economic Journal P.5)
Franshion Properties (817 HK) announces that it has obtained 3-year term loan facilities of US$30 million (about HK$234 million) and HK$400 million respectively from RBS Hong Kong and Standard Chartered Hong Kong for financing the general corporate funding requirements of the group. (Hong Kong Economic Journal P.5)
PetroChina (857 HK) disposes entire equity interests in Petrochina Guangxi Oil Storage Limited to its parent company at 2.113 billion yuan. PetroChina is expected to have a gain of 106 million from the deal. (Sing Tao Daily B10)
Bauhaus International says turnover was 55 million during the first 22 days last month, up almost 30 per cent yoy. Customers spent HK$1600 on average, up 14 per cent yoy. (SingTao Daily B15)
Guangzhou R&F Properties (2777 HK) reported 2010 contracted sales of 32.246 billion yuan, up 33 per cent yoy, exceeding full-yr sales target. Among which, contracted sales in Guangzhou was 9.348 billion yuan. (Hong Kong Economic Times A11)
The number of people visited the 2 Sogo stores of Lifestyle International (1212 HK) during the first 25 days of Dec saw a yoy single-digit growth, 30 per cent of which are mainland visitors. (SingTao Daily B15)
Natural Dairy (NZ) (462 HK) says Overseas Investment Office has declined consents to applications for acquiring UBNZ Assets as not all relevant criteria for consent under the Overseas Investment Act 2005 have been met. (SingTao Daily B14)
Regal Hotels International (78 HK) says during Christmas holiday average room price was over HK$1000, a yoy double-digit growth. Occupancy rate was 100 per cent. (SingTao Daily B15)
Shimao Property (813 HK) posted 2010 contracted sales of 30.5 billion yuan, up 36 per cent yoy, meeting the 30 billion yuan target. Contracted sales area was 2.53 million sqm. Average price rose to 12000 yuan per sqm. (Hong Kong Economic Journal P9)
Sino-Ocean Land (3377 HK) has agreed to sell 49 per cent of the issued share capital of Poly Link to Greentown China (3900) and Zhejiang Railway Group for 1.846 billion yuan. Greentown will get 24.5 per cent at a consideration of 923 million yuan. (Hong Kong Economic Times A11)
There were 6.2 million people visited the 12 malls of Sun Hung Kai Properties (16 HK) during 24-27 Dec, up 20 per cent yoy. (SingTao Daily B15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
