China Overseas Grand Oceans’ (81 HK) turnover was HK$621 million for the three months ended 31 March 2011 while the operating profit was HK$204 million. (Hong Kong Economic Journal P10)
China Overseas Land & Investment’s (688 HK) unaudited turnover was HK$10.16 billion while its operation profit was HK$3.78 billion. (Hong Kong Economic Journal P10)
China Star Entertainment (326 HK) resumed trading yesterday. The company proposes rights issue on the basis of three rights shares for every one adjusted share. Bonus warrants will be issued on the basis of one bonus warrant for every five rights shares. The company says it proposes to raise up to at least HK$368 million by the way of rights shares issue at HK$0.25 apiece. (Sing Tao Daily B2)
China Unicom (Hong Kong)’s (762 HK) aggregate number of 3G service subscribers reached 18.535 million. Its aggregate number of 2G service subscribers also hit 156.003 million. (Hong Kong Economic Times A12)
Comtec Solar Systems Group (712 HK) has agreed to issue unsecured convertible bonds due 2016, in the aggregate principal amount of RMB654,500,000 and 95,121,951 fully detachable and transferable warrants each to purchase 1 ordinary share. (Hong Kong Economic Times A12)
Fantasia Holdings Group (1777 HK) announced that an application to TDR Issue in Taiwan has been approved by the Taiwan Securities and Futures Bureau. (Sing Tao Daily B2)
Huaneng Power International (902 HK) announced that the company experienced a profit loss of 76 percent, down to RMB226 million for the first quarter of 2011, with basic earnings per share of RMB0.02. (Sing Tao Daily B4)
Orient Overseas (International) (316 HK) announced that, for the first quarter of 2011, the company’s total volumes increased by 12.6 percent from the same period last year. The total revenues went up 17 percent to US$1.33 billion (around HK$10.37 billion). (Sing Tao Daily B2)
Soho China (410 HK) has successfully acquired a land project in Shanghai at a consideration of RMB2.47 billion. The land is situated at Subway Line 10 Hailun Road Station in Shanghai. (Sing Tao Daily B2)
Solartech International (1166 HK) plans to implement the capital reorganization including a consolidation of every twenty issued shares into one consolidated share and a reduction in the nominal value of the issued consolidated shares to HK$0.01 each. (Sing Tao Daily B2)
SPG Land (Holdings) (337 HK) has agreed to acquire a 63.75% shareholding in City Expert at a consideration of RMB 350 million. After the deal, the group will hold an indirect 51% interest in Chengbo (Ningbo) Real Estate Company. (Hong Kong Economic Journal P10)
Sun Hung Kai & Co. Ltd (86 HK) announced that its consumer finance subsidiary, United Asia Finance Limited, has issued RMB500 million bonds with a three-year maturity period and an interest rate of 4 percent. The proceeds will be used for business expansion in Mainland China and general operating purpose. (Sing Tao Daily B2)
Xinjiang Goldwind Science & Technology (2208 HK) announces its unaudited results for the three months ended 31 March 2011, which have been prepared in accordance with the PRC GAAP. Its net profit attributable to shareholders amounted to 206,185,864.93. (Hong Kong Economic Times A12)
Zhongyu Gas (8070 HK) has completed 394 million shares placement and restored its public float to approximately 29 percent, fulfilling the minimum public float requirement under the GEM Listing Rules. (Sing Tao Daily B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
