It is said that the revenue of Aluminum Corporation (2600 HK) Of China’s parent went up 41 per cent yoy last year. (SingTao Daily B4)
Baytree Investments (1900 HK) has placed 107 million shares in China ITS (Holdings) at HK$4.7-4.9 apiece to raise up to 524 million. (SingTao Daily B4)
Stock market expects high from China Mobile (941 HK), closing at 24419 points, up 1.1 per cent from the prior points, and the trading volume jumps at 80.9 billion yuan from 3.9 billion yuan. Good outlook is expected. (Hong Kong Economic Times A2)
China Shipping Container Lines (2866 HK) expects its 2010 profit to go up sharply as compared with a loss of almost 6.5 billion yuan in 2009 on the recovery of global economy and the shipping industry. (SingTao Daily B2)
China Unicom (Hong Kong) (762 HK) recorded over 1.28 million net additions of 3G service subscribers. The aggregate no of 3G service subscribers broke14 million. Net additions of broadband subscribers was 0.292 million. (SingTao Daily B4)
China Wireless Technologies (2369 HK) has placed 100 million new shares at HK$4.49-4.68 each via UBS to raise up to 468 million. (SingTao Daily B4)
First production line of CITIC Pacific’s (267 HK) iron ore mine project in Australia failed to go into operation at the end of last year as scheduled, but the company announced yesterday that it is expected to commence production by the end of this year. (Hong Kong Economic Times A13)
COSCO Pacific (1199 HK) recorded total container throughput of 4.1314 million TEUs in Dec, up 12.8 per cent yoy. (SingTao Daily B4)
Fubon Bank (HK) (636 HK) says the total consideration will be around HK$1.4652 billion for the proposed privatisation of the ordinary share capital of the company by Fubon Financial by way of a scheme of arrangement. (SingTao Daily B4)
Hong Kong Building Department declined Henderson Land (12 HK). Henderson Land’s construction plans were not approved, for some of its projects do not account for 100 per cent ownership. (Hong Kong Economic Journal P2)
Mirae Asset (2835 HK) arranged Tiger Kopsi 200 ETF get listed. New ETF will be further introduced and developed this year. Two-digits rise of ETF is expected. (Hong Kong Economic Journal P4)
Pou Sheng International (Holdings) (3813 HK) booked net profit of US$21.3 million for the year ended Sep 30 2010. EPS was 0.5 US cent. No final dividend will be paid. (SingTao Daily B4)
Telefield (1143 HK) sets the public offering price between 1.01 yuan and 1.35 yuan. Under the claw back mechanism, the public offering sector, subscribed more than 100 times, accounts for 50% up from 10%. (Hong Kong Economic Journal P4)
West China Cement (2233 HK) announces the issuance of senior notes due 2016 in the aggregate principal amount of US$400 million to raise US$388.2 million for the purposes of expanding production capacity, repaying the ICBC bridge loan and the Credit Suisse syndicated loan, and enhancing the company’s liquidity position. (Hong Kong Economic Journal P10)
Winfoong (63 HK) repurchased some A and B units of the Icon from their owners yesterday at a price 10 per cent higher than the firsthand purchase price of this property.(Hong Kong Economic Times A3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
