AEON (900 HK) announced the results for the year ended 20th February 2011 that the company’s profit attributable to the shareholders dropped 2.78 percent year-on-year to HK$252 million, a drop for two consecutive years. A final dividend of HK16 cents per share was proposed. (Sing Tao Daily B3)
China Automotive Interior Decoration (8321 HK) expects to record a loss for the three months ended 31 March 2011 against a profit recorded for the comparative quarter for the three months ended 31 March 2010. (Hong Kong Economic Journal P15)
China Mobile (941 HK) announced that the net profit of the company for the first quarter of 2011 experienced a year-on-year increase of 5.4 percent to RMB26.86 billion, which is in line with expectations. (Sing Tao Daily B3)
China Petroleum & Chemical (386 HK) announces that Su Shulin has tendered his resignation as chairman and a non-executive director with immediate effect, and Fu Chengyu has been proposed to be appointed as a non-executive director. (Hong Kong Economic Journal P8)
City Telecom (H.K.) (1137 HK) announced that the net profit of the company for the six months ended 28 February 2011 increased by 44 percent to HK$167.6 million with basic earnings per share amounted to HK21.9 cents. The company declared an interim dividend of HK15 cents per ordinary share. (Sing Tao Daily B3)
Comtec Solar Systems Group (712 HK) booked unaudited consolidated profit attributable to equity shareholders of around RMB83,512,000. (Hong Kong Economic Times A10)
Essex Bio-Technology Limited (8151 HK) has applied to the Stock Exchange of Hong Kong Limited for the transfer of the listing all its issued shares from the Growth Enterprise Market of the Stock Exchange to the Main Board of the Stock Exchange. (Sing Tao Daily B3)
Get Nice’s (64 HK) substantial shareholder Hung Hon Man has sold an aggregate of 250,000,000 shares to D. E. SHAW VALENCE at a price of HK$0.53 each. (Hong Kong Economic Journal P15)
Guangzhou R&F Properties (2777 HK) have entered the issuance of Renminbi senior notes due 2014 and US dollar senior notes due 2016 with interest rates of 7 percent and 10.875 percent respectively. The company has entered into the purchase agreement with Credit Suisse, Goldman Sachs, Citi and Morgan Stanley in connection with the notes issue. (Sing Tao Daily B3)
Huaneng Power International (902 HK) plans to implement electricity price rises for its power plants in six regions in China. This move is expected to contribute to Huaneng’s earnings over the next quarters in 2011. (Sing Tao Daily B4)
Jingwei Textile Machinery Company (350 HK) announced that the company’s profit attributable to the shareholders in the first quarter of 2011 amounted to RMB138 million, or up 10.74x year-on-year. (Sing Tao Daily B3)
Lianhua Supermarket (980 HK) proposes a bonus issue on the basis of 8 bonus shares to be issued for every 10 shares. (Hong Kong Economic Journal P15)
Shui On Land (272 HK) announces that King Concord has entered into a facility agreement in relation to a three-year term loan facility of up to HK$1,550,000,000 with banks including Standard Chartered Bank and Bank of China Limited, Macau Branch. (Hong Kong Economic Journal P17)
The Wharf (Holdings) Limited (4 HK) has entered into a HK$4 billion syndicated loan agreement for general operating purpose. (Sing Tao Daily B3)
West China Cement (2233 HK) has agreed to make capital contribution of RMB150,000,000 in He Tian Lu Xin Building Materials Company. (Hong Kong Economic Times A10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
