Beijing Jingkelong Company (814 HK) saw profit attributable to equity holders go up 22.1 per cent to around 180.5 million yuan for the year ended 31 December 2010. Basic earnings per share was RMB43.8 cents. The proposed final dividend per share was RMB20 cents. (Hong Kong Economic Times A12)
China State Construction (3311 HK) proposes to raise not less than around HK$3,580 million by way of rights issue on the basis of 1 rights share for every 5 existing shares at a price of HK$6 per rights share. (Hong Kong Economic Journal P6)
Hunan Nonferrous Metals (2626 HK) posted profit attributable to equity holders for the year ended 31 December 2010 of 12.24 million yuan. The basic earnings per share was RMB0.33 cents. It did not recommend the payment of any dividend. (Hong Kong Economic Times A12)
Jiangsu Expressway Company’s (177 HK) net profit was 2.529 billion yuan last year, up 23 per cent yoy. The company has proposed to pay a final dividend of 0.36 yuan per share. (Hong Kong Economic Times A12)
Kingboard Chemical Holdings (148 HK) announces that Elec & Eltek International, a 69.22 per cent owned subsidiary is contemplating the possibility of seeking a dual primary listing of its shares on the main board of the Hong Kong stock exchange and has submitted an application. (SingTao Daily B4)
Pacific Textiles Holdings (1382 HK) proposes to spin off of PT Sri Lanka, a 60 per cent-owned subsidiary, for separate listing on the Main Board of the Colombo Stock Exchange. Its interest in PT Sri Lanka will be reduced from 60 per cent to 40 per cent after completion of the PT Sri Lanka IPO.
(SingTao Daily B4)
Brightoil Petroleum (933 HK) entered into a facility letter with China Development Bank, Hong Kong Branch that the Company was granted the revolving letter of credit and trust receipt facilities in an amount of up to US$600 million from China Development Bank. (Sing Tao Daily B15)
China Telecom (728 HK) intends to introduce CDMA iPhone 4 in the second half of this year, which is expected to be a highlight for its business. (Sing Tao Daily B13)
CITIC Dameng (1091 HK) announced its profit attributable to its ordinary shareholders for 2010 amounted to HK$229 million, representing an increase of 371 percent. No final dividend was proposed. (Sing Tao Daily B15)
Harbin Power Equipment ‘s (1133 HK) net profit for 2010 surged by69 percent to RMB1,024 million, with a final dividend of RMB0.142 per share. (Hong Kong Economic Times A14)
Hengli Properties Development (169 HK) announced the company has entered into the lease agreement with Beijing Wangfujing Department Store to to lease the 8-story commercial podium of Hengli City to Wangfujing.(Sing Tao Daily B15)
Sihuan Pharmaceutical (460 HK) announced that the company’s core products have entered into the catalogue of medical insurance. The company plans to further subdivide its businesses for maintaining the growth of profit and prepares exports for the market overseas. (Hong Kong Economic Journal P6)
Bentley Beijing, a subsidiary of Sparkle Roll Group (970 HK), announced its sales volume last year amounted to 253 cars, or about 5 percent of the global sales volume, ranking the 1st among sales agents of Bentley worldwide. (Sing Tao Daily B15)
Weiqiao Textile Company’s net profit for 2010 experienced an increase of 82.4 percent to RMB1,627 million, with a final dividend of RMB0.4376 per share. (Hong Kong Economic Times A14)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
