According to Xinhua, State Food and Drug Administration publicized follow-up test results of Bawang’s (1338 HK) products. Due to suspect of its illegal propaganda, Bawang called back all of its illegal products in market and ceased to apply its two illegal propaganda products since 27 August 2010. (Hong Kong Economic Times A6)
China 3D (8078 HK) proposed rights issue of no less than 7.601 billion shares and no more than 8.828 billion shares at HK$0.015 per rights share on the basis of seven rights shares. The company intended to apply the the estimated net proceeds of the rights issue of not less than approximately HK$110 million and not more than approximately HK$129 million in 3D movie production and acquisition of cinemas in Hong Kong and China. (Hong Kong Economic Journal P8)
China Gas (384 HK) dropped 15 per cent dramatically after its listing, and closed at HK$2.89 yesterday. China Gas resumed its listing after its senior managing director got arrested. China Gas received different responses from dealers. (Hong Kong Economic Times A6)
C C Land Holdings (1224 HK) announces that it will acquire via Chongqing Verakin Real Estate 51 per cent interest of the registered capital in, and 51 per cent share of the aggregate shareholder’s loans advanced or to be advanced to, Chongqing Lian Xing Investment for around 107 million yuan. (SingTao Daily B3)
Mr.Mo Bin, new President of Country Garden (2007 HK), admitted that work in private enterprises possessed a big challenge for him. Mr. Mo noted he maintained a harmonious working relationship with Yang Guoqiang, the founder and chairman of Country Garden Group. (Hong Kong Economic Times A6)
Guangzhou R&F Properties (2777 HK) announces that Jan sales surged 11 per cent to 2.842 billion yuan. Sales area reached around 165,800sqm. It revised its full-yr sales target to 40 billion yuan. (SingTao Daily B3)
Hong Kong Life Group (8212 HK) lost around HK$23.76 million for the 6 months ended 31 Dec 2010. Loss per share was 0.7 HK cent. No dividend will be paid. (SingTao Daily B3)
Ms. Wong Raudres Lourdes, IDT’s CFO (167 HK), noted the company’s Oregon Scientific (OS) business intended to explore healthy and beauty products with visual effects based on the concept of Smart Living. OS has six shops in Hong Kong and now seeks to expand its business in mainland. OS has already launched on Taiwan and prepared to march into Japan. (Hong Kong Economic Journal P8)
Trading in the shares of Imagi International (585 HK) was suspended yesterday morning. It says that it has entered into advanced discussion with potential business partners regarding prospective projects in the animation industry to expand its business scope. No agreement has been entered into in respect of any projects yet. When any relevant project materialises, such transaction will likely constitute a notifiable transaction, the company says. (SingTao Daily B3)
KWG Property Holding (1813 HK) booked Jan presales income of 1.3 billion yuan, jumping 44 per cent yoy, 2.6 times of Dec sales. (SingTao Daily B4)
Shanghai Industrial Holdings (363 HK) releases financial data submitted to the CSRC regarding the acquisition of shareholdings in Shanghai Industrial Development. The company and its subsidiaries recorded revenue of HK$9.666 billion for the 9 months ended 30 Sep 2010. Gross profit amounted to HK$3.2 billion. Profit attributable to owners of the company was HK$4.973 billion. (SingTao Daily B3)
Shimao Property Holdings (813 HK) posted unaudited contracted sales of 3.116 billion yuan in Jan, up 22 per cent yoy, involving contracted sales area of around 241,800sqm, down 10 per cent yoy. (SingTao Daily B4)
Vale S.A. (6210 HK) announces that, based on the exchange rate as of Jan 31, the final gross amount of the extraordinary dividend payable per HDR is HK$1.4854 and the final net amount of the extraordinary dividend payable per HDR is HK$1.112623 after deduction of a withholding tax and dividend fee. (SingTao Daily B3)
One of agent of Yashili’s (1230 HK) underwriter CITIC Securities International sued Ferrell Premier Funds Limited, PCC the day before yesterday for HK$4.11 million, including HK$3.7 million in loss, commission, transaction costs and stamp duty. The agent noted Ferrell failed to deliver value of shares on schedule. (Hong Kong Economic Journal P6)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
