IPO: China 33 Media plans to list on the GEM board in mid-January next year, with Daiwa as sponsor. The company's dividend payout ratio is 30 per cent. (Hong Kong Economic Journal P4)
IPO: Newtree Group plans to open its retail book on 31 Dec and list on the bourse on 13 Jan. Its chairman says the group’s major clients include Stenqvist AS, HPC Healthline UK and Spectrum Bags. (Hong Kong Economic Journal P4)
Ho Yau Lung, Lawrence announced yesterday that he plans to spend HK$200 million to buy stake in Arnhold Holdings (102 HK). According to the announcement, Ho bought around 176 million shares in Arnhold Holdings at HK$1.168 per share on 20 Dec. (Hong Kong Economic Times A8)
Bank of China (3988 HK) entered into “Comprehensive Business Cooperation Agreement” with Taiwan Cooperative Bank, the second largest bank in Taiwan, in Beijing yesterday. (SingTao Daily B2)
Boshiwa (1698 HK) continued to fall due to the share pledge by the controlling shareholder to get a loan. Its share price closed at HK$5.69 yesterday, down 11 per cent, which was the lowest since its listing. (SingTao Daily B1)
In view of the recent stock market conditions, Celestial Asia Securities (1049 HK) and its placing agent have agreed to terminate a placing plan. Shares of the company closed at HK$0.67 yesterday, down almost 3pc. (Hong Kong Economic Journal P2)
China Mengniu Dairy (2319 HK) founder Niu Gen Sheng has transferred all his 14.07 per cent interest in China Mengniu to Hengxin. Shares of the company ended at HK$20.5 each yesterday. (Hong Kong Economic Times A8)
China Railway (390 HK) announced that it succeeded in the bid for 16 projects, involving about 20.53 billion yuan, accounting for approximately 5.93 per cent of its turnover in 2009. (SingTao Daily B2)
71.66 per cent of CR (1313 HK) Cementand shareholders voted for the cross-lending scheme and 92.99 per cent of CR Microelectronics (0597) investors gave their nod of approval yesterday. (SingTao Daily B3)
Rumours spread that GOME Electrical Appliances (493 HK) chairman Chen Xiao resigned on 26 Dec. 2 board directors say they have not heard of the news. (Hong Kong Economic Times A8)
Following the successful bidding for the land located at Shanghai and Dalian, Hutchison Whampoa (13 HK) won the bid for a land in Nanjing at the consideration of 3.1 billion yuan which was the highest premium in the district. (SingTao Daily B2)
Lenovo Group (1088 HK) is currently the fifth-largest supplier of personal computers in Russia. Personal computers delivered by Lenovo Group in the third quarter accounted for a market share of 8.3 per cent. (SingTao Daily B3)
New World Department Store (825 HK) agreed to sell certain portions of the first floor to the third floor of the property located at No. 341, Zhongshan Road, Chong An District, Wuxi City, Jiangsu at the consideration of 385 million yuan. (SingTao Daily B2)
Sandmartin (482 HK) announced it had confirmed the sales orders of headend equipment and set top box with Heng Xin China Holdings Limited (8046). Those products will be distributed in Hunan and other areas. The revenue is approximately 392 million yuan. (SingTao Daily B2)
BEA China, subsidiary of the BEA (23 HK), has opened a branch in Zhengzhou, Henan and a sub-branch in Zhaoqing, Guangdong, taking its total number of outlets on the mainland to 90 outlets. The BEA Group opened its 1st mainland branch in Shanghai in 1920. (Hong Kong Economic Journal P6)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
