IPO: Market sources say New China Life Insurance plans to list in HK in Q2 at the earliest and the insurer will submit listing application in March. (SingTao Daily B2)
IPO: Prada reportedly may postpone its listing plan in HK. It is said that it needs to adjust its share capital structure to meet listing requirement. (SingTao Daily B2)
China Railway (390 HK) has agreed to purchase from CRECG and Hongda a property at No.36 Fengbei Road, Fengtai District, Beijing at an consideration of 177.7 million yuan. The property was leased by Yanfeng Hotel last year at an annual leasing fee of around 2.54 million yuan. (SingTao Daily B2)
China Water Affairs (855 HK) announces that it entered into an agreement last Thu to acquire 70 per cent equity interest in Jian Water Supply at a consideration of almost 130 million yuan. (SingTao Daily B2)
Fook Woo Group (923 HK) has appointed Cheng Chi Ming, Brian, a grandson of Cheng Yu Tung, as a non-executive director and a member of the Audit Committee and Pei Cheng Ming, Michael as a non-executive director and a member of both the Nomination Committee and Remuneration Committee. (SingTao Daily B2)
Golden Meditech’s (801 HK) application for the offering of Taiwan Depositary Receipts was approved by the Taiwan Stock Exchange and the Taiwan Securities and Futures Bureau. Golden Meditech plans to offer 90 million units of TDR, involving 180 million ordinary shares of Golden Meditech. (Hong Kong Economic Journal P.5)
Greentown China (3900 HK) announces the acquisition of 30 per cent of the equity interests in 杭州遠洋萊福房地產開發有限公司 (Hangzhou Sino-Ocean Laifu Land Limited) from vice chairman Luo Zhaoming for a total consideration of HK$68.4 million. (Hong Kong Economic Journal P.10)
HKEx (388 HK) announces that Eric Yip, who was promoted to Deputy Chief Operating Officer in July last year, has tendered his resignation letter and will leave his current position from March to join investment management industry. (Hong Kong Economic Journal P.7)
Huaneng Power International (902 HK) announces that its parent has acquired over12.8 million A shares of the company last Fri, 0.09 per cent of the total issued share capital. It proposes to continue the acquisition of the A Shares of the company within the next 12 months, with the aggregate of such acquisition not exceeding 2 per cent of the issued share capital. (SingTao Daily B2)
Hutchsion Whampoa (13 HK) announced yesterday the acquisition of 10 per cent equity interests in Hongkong International Terminals and Hutchison Ports Yantian Investments and other assets from CRH at HK$5,700 million. Its shares soared 5.3 per cent yesterday. (Hong Kong Economic Times A2)
Nam Hing (986 HK) entered into a letter of confirmation with a placing agent at the end of last year to extend the date of fulfillment of the conditions precedent to placing of CBs to 31 Mar 2011. As it has issued convertible notes in the principal amount of HK$99 million already, the proceeds will be applied for general working capital. (SingTao Daily B2)
Shenzhen Dongjiang Environmental (895 HK) proposes a share consolidation on the basis of every 10 ordinary shares with a nominal value of 0.1 yuan each in the issued or unissued share capital be consolidated into 1 ordinary share with a nominal value of 1 yuan each. (SingTao Daily B2)
Shimao Property (813 HK) announces that Xu Younong has been appointed as an executive director and Ip Wai Shing, Andy has resigned as an executive director due to re-allocation of internal job duties, both with effect from 1 January 2011. (Hong Kong Economic Journal P.10)
HK stock market surged 400 points on the first trading day, bringing good market sentiment and leading both Sumpo Food (1089 HK) and KEE (2011) to record oversubscription yesterday. Sumpo Food is 6.5x oversubscribed. (Hong Kong Economic Journal P.2)
Yuexiu Property (123 HK) announces the acquisition of a land parcel with a total gross floor area of approximately 514 thousand sq.m. in Qiaokou, Wuhan City, Hubei Province at a consideration of 2.82 billion yuan. (Hong Kong Economic Journal P.10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
