Applied Development (519 HK) announces that Hung Kin Sang, Raymond has resigned as its managing director, executive director and member of remuneration committee with effect from 6 Apr. After it had considered its existing overseas projects in which Hung has substantial experience and involvement, Applied Development is negotiating with Hung is respect of the possibility of engaging his services in those projects. (Hong Kong Economic Journal P13)
China Everbright International (257 HK) will invest €8 million into photovoltaic power generation projects in Germany. (Sing Tao Daily B4)
China Longyuan Power (916 HK) will inject capital into eight wind power projects in Mainland China. As the No.1 wind power operator in China, China Longyuan Power will benefit from the rebuilding construction of Japan and China’s Twelfth Five-Year Plan. (Sing Tao Daily B11)
Citic Pacific (267 HK) plans to issue U.S. dollar-denominated perpetual bonds and 10-year senior unsecured notes this week to raise more than US$1 billion. The proceeds will be used for general corporate purposes and debt refinancing. (Sing Tao Daily B3)
Fantasia Holdings (1777 HK) booked contracted sales of 385 million in March, up 122pc yoy. Contracted sales amounted to 1.05 billion in Q1. (Hong Kong Economic Times A13)
The turnovers of First Tractor Company (38 HK) in Q1 this year increased by 15 percent. The company will expand its capital expenditure by 40 percent this year against the RMB500 million in the last year. (Sing Tao Daily B4)
HSBC (5 HK) issued US$2.5 billion 5.10 percent senior unsecured notes due April 2021 pursuant to the senior indenture in 26 August 2009. (Sing Tao Daily B4)
Minmetals Resources (1208 HK) announces that it has received written notice from the Foreign Investment Review Board of Australia that the Australian Government has no objection to its proposed acquisition of all the outstanding common shares in Equinox. (Hong Kong Economic Journal P12)
Shimao Property Holdings (813 HK) recorded contracted sales of 6.341 billion yuan in Q1, up 15pc yoy. Sales in March reached 2.014 billion yuan. (Hong Kong Economic Times A13)
Sustainable Forest (723 HK) announces that Leung Chau Ping, Paul has resigned as its CEO, member of the executive committee, member of the remuneration committee and authorized representative with effect from 6 Apr and has been re-designated as a non-executive Director with effect from 6 Apr. (Hong Kong Economic Journal P12)
Samling Global (3938 HK) will see an increase in prices of export wood business due to the growing demand of Japan’s reconstruction. (Sing Tao Daily B11)
TLT Lottotainment Group (8022 HK) has agreed to place shares to raise around HK$28.7 million. Its shares resume trading today. (Hong Kong Economic Journal P12)
Up Energy Development (307 HK) proposes to implement a share consolidation on the basis that every 20 issued and unissued shares will be consolidated into 1 consolidated share. It also proposes to change the board lot size for trading in the shares from 4,000 shares to 2,000 consolidated shares after the share consolidation becoming effective. (Hong Kong Economic Journal P12)
Uni-President China (220 HK) has entered into acquisitions of Cartelo Industries and Shanghai Ruxin at an aggregate consideration of RMB630 million for the sale of general merchandise and home appliance, property management, meeting service and lease of self-owned properties.(Sing Tao Daily B4)
Ericsson has sued ZTE (763 HK) over several patent infringements that involve both handsets and infrastructure. ZTE is considering bringing a lawsuit against Ericsson for the patent invalidation of Ericsson. (Sing Tao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
