Sources say that China All Access (Holdings) (633 HK) places 200 shares at HK$2.68-2.92 apiece, a 5.2-13 per cent discount to yesterday’s closing price, to raise up to 584 million.
(SingTao Daily B1)
China Golden Development (162 HK) enters into a MOU to acquire a company holding a property in Shaanxi with a total area of 93,200 m2 from Shaanxi F&L Properties at1.03 billion yuan. (SingTao Daily B2)
The accumulated premium income of China Life Insurance Company (2628 HK) last year was about 318.2 billion yuan, up 7.9 per cent yoy. (SingTao Daily B2)
China Sunshine (2002 HK) issues positive profit alert, expecting the profit ended 31 Dec 2010 to reach historical high and record an increase of not less than 250 per cent as compared to the year ended 31 Dec 2009. It was mainly attributable to the increase in sale volumes, average selling prices and gross profit margins of the group’s paper products. (Hong Kong Economic Times A10)
Guangzhou R&F Properties (2777 HK) gained its success in redevelopment projects in Guangzhou at the value of 2.35 billion yuan. The total construction area is 648,000 square meters with the listed starting price at 473 million yuan. (Hong Kong Economic Journal p7)
Huaneng Power International’s (902 HK) total power generation within the PRC on consolidated basis was 256.95 billion kWh last year, up 26.25 per cent yoy. Accumulated electricity sold was 241.799 billion kWh. (SingTao Daily B2)
Kaisa (1638 HK) announces the acquisition of a land parcel located at Hangzhou Zhijiang holiday resort area with a land area of about 39 thousand sq.m. for residential use at the total consideration of 672 million yuan. (Hong Kong Economic Times A10)
After announcing estimated results, Li Ning (2331 HK) dropped 3.9 per cent yesterday, following a plunge of 7.5 per cent the day before, to close at HK$15.18, hitting 19-month low. Almost all security companies lowered its target prices. (Hong Kong Economic Times A10)
New World Development (17 HK) decided to put approximate 1 billion Yuan to expand K11 projects in seven cities in mainland. Currently, mainland tourists account for approximate 20% of the total flow of K11. (Hong Kong Economic Journal P7)
PCD Stores (Group) (331 HK) appoints HSBC as the sole lead manager to arrange an offering of 3-yr and 5-yr fixed rate RMB denominated guaranteed bonds in two tranches. (SingTao Daily B2)
Phoenix Satellite (2008 HK) announces that it submitted a spin-off proposal to HKEx on Dec 30 last year in relation to the proposed spin-off of its new media business, which provides website portal, value-added telecommunications, promotional and ancillary services, to be separately listed on the NASDAQ Global Market or the New York Stock Exchange. (Hong Kong Economic Times A10)
Shui On Land (272 HK) announced that its fully-owned subsidiary--Shui On Development proposed invoices for institutional investors from Asia and Europe. The amounts, coupons and other related terms remain to be determined. (Hong Kong Economic Journal p7)
The Grande Holdings (186 HK) expects it will book a loss for the year ended 31 Dec 2010 as compared to the results for the 6 months ended 30 Jun 2010 due to the impairment loss recognized in respect of certain intangible assets as result of the ongoing uncertainty of the global market conditions. (SingTao Daily B2)
Unlimited Creativity Holdings (8079 HK) places 85 million new shares at HK$0.165 per share, a discount of almost 15 per cent to yesterday’s closing price, to raise around HK$13.7 million. (SingTao Daily B2)
Substantial shareholder of Zhongsheng Group Holdings (881 HK) places 60 million shares at HK$16.3-16.8 each, a 3-5.9 per cent discount to yesterday’s closing price. (SingTao Daily B1)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
