China Gas Holdings (384 HK) announces that resolutions at a SGM held yesterday were duly passed to remove Li Xiao Yun, Xu Ying and Liu Ming Hui from the office as directors with effect upon the passing of the resolutions. (Hong Kong Economic Journal P6)
China Liansu Group (2128 HK) proposes to conduct an international offering of guaranteed senior Notes. The principal amount, the interest rate, the payment date and certain other terms and conditions of the proposed notes issue are yet to be finalized. (SingTao Daily B2)
China Rongsheng Heavy Industries (1101 HK) announces that Jiangsu Rongsheng Heavy Industries, an around 96.09% owned subsidiary, has submitted a bid to acquire 100% of the equity interest of Quanchai Group and the bid, with a bid price of RMB2,148,870,000, has been successful. (Hong Kong Economic Journal P5)
Under local Indonesian regulations, HSBC (5 HK) is required to reduce its shareholding in PT Bank Ekonomi Raharja Tbk (Bank Ekonomi) to 88.89% by August 2011 from its current 98.96% shareholding. The bank aims to achieve this through the sale of shares on the Indonesian stock exchange over the course of the coming months. (Hong Kong Economic Times A12)
Fosun International (656 HK) proposes to conduct an international offering of guaranteed senior notes. Further announcements in respect of the proposed notes issue will be made should a purchase agreement in respect of the notes be signed. (SingTao Daily B2)
King Stone Energy (663 HK) has entered into a strategic cooperation agreement with CITIC Trust to form a strategic alliance for the joint development and investment in the areas of coal resources, environmentally-clean production and integrated utilization of coal, clean energy, energy saving emission reduction. (SingTao Daily B2)
Little Sheep Group (968 HK) announces that it has received an approach from a substantial shareholder, Yum! Brands, Inc. regarding a possible pre-conditional cash offer to acquire its outstanding share capital. Trading in its shares continues to be suspended. (Hong Kong Economic Journal P10)
Minmetals Resources (1208 HK) has received a conversion notice from Album Enterprises to exercise the conversion right attached to the PSCS of a principal amount of US$690,000,000 at HK$3.45 per conversion share. (Hong Kong Economic Journal P6)
Perception Digital Holdings (8248 HK) has submitted an application to the Stock Exchange for the transfer of listing of all shares from the GEM to the Main Board of the Stock Exchange. It believes that the transfer of listing will enhance the profile of the company and increase the trading liquidity of the shares. (Hong Kong Economic Journal P8)
Tracker Fund of Hong Kong (2800 HK) announces that the dividend per unit is HK$0.13. The ex. dividend date is 28 April and the distribution payable date is 1 June. (SingTao Daily B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
