Anta Sports (2020 HK) notes that the company’s business performance in Q1 this year met with expectations. The company also recorded a great increase in the same store sales. The company will open new stores in Q2 according to plan. (Hong Kong Economic Journal P10)
Bank of Communications (3328 HK) plans to issue two Renminbi (RMB) funds through private placement and public offering respectively for investment in offshore RMB bonds, certificates of deposit and Yuan-denominated shares etc. (Hong Kong Economic Journal P8)
BBMG Corporation (2009 HK) notes that the company has lifted prices of cement products by 10 percent to 30 percent year-on-year. The cement business is expected to record improvement in gross profit margin this year. In terms of real estate business, the company plans to increase the business proportion of low-income housing projects. (Hong Kong Economic Times A14)
Cheung Kong (1 HK) and Hutchison Whampoa (0013) have successfully bid for the land located at the Zhaoxiang Town, Qingpu District, Shanghai, PRC. The land has a gross area of 74,000 square meters. (Hong Kong Economic Times A14)
China Communications Services (552 HK) plans to sell 100% equity interest in Zhejiang Nantian for a total consideration of RMB194.1115 million. The company expects to realize a gain of approximately RMB2.4393 million from the disposal. (SingTao Daily B4)
China South City (1668 HK) announces that Hui Chiu Chung, Stephen has been appointed as its independent non-executive director and a member of its audit committee with effect from 11 Apr. Hui is entitled to a remuneration of HK$300,000 per annum (SingTao Daily B4)
Eleven property subsidiaries of Fortune Real Estate Investment Trust (778 HK) has entered into a syndicated credit agreement with ANZ Bank Group, DBS Bank and Standard Chartered Bank (Hong Kong). The aggregate principal amount is around HK$3.8 billion. The agreement relates to a five-year, HK$2.83 billion term loan. (Hong Kong Economic Journal P15)
The cumulative amount of contract sales for Longfor Properties (960 HK) in Q1 this year amounted to RMB9.88 billion, or 1.2x up over the same period last year. (Hong Kong Economic Times A14)
New World China Land (917 HK) obtained a term loan facility in the principal amount of up to HK$200,000,000 on 11 Apr. The facility will be utilized to finance its general working capital requirement. (SingTao Daily B4)
Maoye International (848 HK) recorded an increase of total sales proceeds from concessionaire sales of 65.9%, of which the same-store sales proceeds increased by 30%, for the first quarter. As at 31 Mar, it had 39 stores in aggregate. The company expects that the number of its stores will be increased to around 50 in total by the end of 2012. (SingTao Daily B4)
Sound Global (967 HK) has won the bidding and signed an agreement for a wastewater treatment of Anyang National Hi-Tech Industrial Development Zone in Henan. The investment of the project is about RMB120 million and the tariff of operational service is RMB1.44 per ton. (SingTao Daily B4)
Soundwill Holdings (878 HK) has entered into the top-up subscription agreement for 9 million shares at a price of HK$12 per each share. (Hong Kong Economic Journal P8)
Vale (6210 HK) has agreed the terms of an offer to acquire the total share capital of Metorex Limited for the amount of around US$ 1,125 million. Metorex is a producer of copper and cobalt, with operations in the African copperbelt. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
