Enerchina (622 HK) announces the disposal of entire interests in 深圳福華德電力有限公司 (Shenzhen Fuhuade Electric Power Co., Ltd.*), at the consideration of 1.038 billion yuan. (Sing Tao Daily B9)
Longfor Properties (960 HK) announces that Longfor Chongqing, an indirect 91.3% owned subsidiary of the company, succeeded in the bid for the Land in Beijing at an aggregate price of 3.48 billion yuan. (Hong Kong Economic Times A8)
TCL Communication (2618 HK) announced yesterday that it planned to issue TDR to raise money for the purposes of expanding plants, purchasing equipments and extending production capacity. (Hong Kong Economic Times A8)
China Gas (384 HK) announced suddenly that Mr. Liu, the managing and executive director, and Mr. Huang, the executive president were escorted away by certain individuals who claimed that they represented the Shenzhen Municipal Public Security Bureau in the PRC on 17 December 2010 from the company’s office in Shenzhen. (Sing Tao Daily B4)
Boshiwa (1698 HK) announced yesterday that its holding company pledged 100 million shares to Swiss Bank for a loan of US$20 million. (Hong Kong Economic Times A2)
Lenovo Group ‘s (992 HK) parent company Lenovo Holdings plans to invest 16 billion yuan in the coming two to three years for merger and acquisition, aiming to go listing. (Sing Tao Daily B5)
National Arts (8228 HK) invested 300 million for the project in a project in Foshan in mid-November. It will start to construct a theme park at the end of this month. (Sing Tao Daily B5)
China Coal (1898 HK) announces that Mr. Wang An and Mr. Wang An have been elected as the chairman and the vice chairman of the board respectively with immediate effect. (Sing Tao Daily B3)
China Construction Bank (939 HK) announces that it has entered into an agreement with ING to acquire 1 per cent been the successful bidder of 50 per cent equity interest in Pacific-Antai Life Insurance. Upon the trasaction, it will hold 51 per cent of Pacific-Antai Life Insurance. (Hong Kong Economic Times A9)
Minsheng Bank (1988 HK) announced yesterday that CBRC approved its issuance of yuan sub bonds of not more than 10 billion last Friday. (Sing Tao Daily B2)
China Power (2380 HK) will set up two joint ventures, Digua Coal Industry and Pu’an Power to invest in coal industry and power plant. Digua Coal Industry will invest, construct and operate the No.1 Digua project while Pu’an Power will invest, construct and operate the power plant project. (Sing Tao Daily B3)
CSR Corporation (1766 HK) announces that it and CSRG will renew the Product Mutual Provision Framework Agreement on 31 December 2010 for an effective term from 1 January 2011 to 31 December 2013. (Hong Kong Economic Journal P.4)
Huayu Expressway (1823 HK) announces that it will lease the Yueyang service area of Sui-yue Expressway (Hunan Section) to Sinopec Hunan for a term of 5 years for an aggregate rental payment of 140 million yuan. (Sing Tao Daily B3)
Kunlun Energy (135 HK) is the successful bidder for its parent company’s 60% equity interest in PetroChina Beijing Gas Pipeline in the open tender conducted on the China Beijing Equity Exchange with 18.87 billion yuan. (Hong Kong Economic Journal P.4)
Li Ning (2331 HK) declared yesterday that it would integrate 500-600 ineffective distributors instead of closing shops. It said that the target number of shops in 2010 and 2011 remained unchanged. (Hong Kong Economic Times A9)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
