Agile Property Holdings (3383 HK) proposes to issue US$500 million 4.0% CBs due 2016. The initial conversion price is HK$18.256 per share. (Hong Kong Economic Times A14)
Agritrade Resources (1131 HK) has entered into Memorandum of Understanding with TSI with regard to the coal upgrading strategic cooperation on GEO-COAL technology. (Sing Tao Daily B5)
Allied Properties (H.K.) (56 HK) proposes a bonus warrant issue on the basis of 1 warrant for every 5 existing shares held to raise around HK$2,781,246,634. (Hong Kong Economic Journal P10)
BYD Company (1211 HK) announced that the sales of the company plunged 41 percent year-on-year to 40,000 cars last months. This loss is mainly due to the increasingly competitive market and the cancellation of the special offer on car purchase in Mainland China. (Sing Tao Daily B5)
Cheuk Nang (Holdings) (131 HK) announces that Gigi Chao, the eldest daughter of Cecil Chao, was appointed as its executive director with effect from 7 Apr. (Hong Kong Economic Journal P12)
China Lumena New Materials (67 HK) proposes to issue U.S.$120,000,000 CBs to Stable Investment Corporation, a wholly owned subsidiary of China Investment Corporation and Citic Capital China Access Fund Limited. In addition, it has granted the subscribers an option to subscribe for additional CBs in an aggregate principal amount of up to U.S.$100,000,000. (Hong Kong Economic Times A14)
Golden Resorts Group (1031 HK) has placed up to 560 million new shares at a price of HK$0.95 per placing share. The proceeds from the placing amount to around HK$532 million.
(Sing Tao Daily B5)
Hong Kong Resources Holdings (2882 HK) announces that the total sales of its retail and franchising operations for gold and jewellery products was HK$813,493,000 during Q1, indicating an increase of 46% over the same period last year. In particular, sales in the HK and Macau markets were HK$75,405,000, up 6% yoy; and sales in the Mainland China market amounted to HK$738,088,000, an increase of 52% yoy. (Hong Kong Economic Journal P8)
Stores of Intime Department Store (Group) (1833 HK) Company recorded total sales of RMB3,041 million for the first three months, or up 38 percent year-on-year. (Sing Tao Daily B5)
Jingwei Textile Machinery (350 HK) issues positive profit alert that the company’s profit in Q1 this year increased by 9.5x-10.8x to RMB124 million-RMB139 million against the same period last year. (Sing Tao Daily B5)
Shifang Holding Limited (1831 HK) notes that the newspaper advertising prices will be lifted up to 10 percent this year. The company will enter into cooperation contracts with at least three newspaper companies this year.
(Sing Tao Daily B5)
Success Universe Group (487 HK) notes that the development plan of Ponte 16, the company’s flagship project, is waiting for the approval of the relevant authority in Macau. The plan is mainly used for the construction of shopping malls and casinos. The project will be completed by 2012-13. (Sing Tao Daily B6)
Sun.King Power Electronics Group (580 HK) announces that it is in preliminary discussion in relation to a possible acquisition, which if materialised, may constitute a discloseable transaction under the Listing Rules. (Hong Kong Economic Journal P10)
Tao Heung plans (573 HK) to open 9-11 stores in both Hong Kong and Mainland China, in which 4-5 stores will be located in Mainland China. The company will focus its business networks in major cities in Guangdong Province. (Sing Tao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
