BYD (1211 HK) proposed an offer of CNY denominated, fixed rate, senior, unsecured notes through BYD (HK), its wholly owned subsidiary. The net proceeds will be used for the expansion and development of BYD (HK) business and general financial purpose. (Hong Kong Economic Times A10)
According to Financial Times, PetroChina Company Limited is considering the acquisition of China Gas Holdings Limited (384 HK). China Gas clarifies that the company has not received any bid from PetroChina. (Hong Kong Economic Journal P5)
China Overseas Land & Investment Limited (688 HK) announced that the company has realized contract sales of HK$19.77 billion for the first quarter this year, or up 44 percent year-on-year. (Hong Kong Economic Times A10)
Stores of Intime Department Store (Group) Company (1833 HK) recorded total sales for the first quarter of this year up 38.4 percent. The same store sales went up 27.2 percent. (Hong Kong Economic Times A10)
Shangri-la Asia (69 HK) proposed to issue five-year convertible bonds of no more than US$600 million. The company also proposed an initial conversion price of HK$29.03 per share. (Sing Tao Daily B3)
Sun Hung Kai Properties (16 HK) has entered into a HK$16.7 billion five-year syndicated loans agreement with a consortium of 19 leading local and international financial institutions. (Hong Kong Economic Times A10)
Zhongda International (909 HK) will focus its attention on the development of new energy electric buses. The company expects that this new business will account for 20 percent of its annual revenue in 2011. (Sing Tao Daily B3)
CITIC Dameng (1091 HK) has agreed to make an initial capital contribution in the aggregate sum of RMB162.26 million to Guizhou Zunyi Hui Xing Ferroalloy. It is intended that, after the contribution, the registered share capital of the latter should be further increased to RMB 500 million. The parties propose to negotiate on the detailed terms in respect of the further capital increase. (Hong Kong Economic Times A16)
China Huiyuan Juice (1886 HK) proposes to issue US$150 million 4% CBs due 2016, with an option to subscribe and pay for option CBs up to a further aggregate principal amount of US$50,000,000. The initial conversion price is HK$6.812 per share. (Hong Kong Economic Times A16)
It is reported that Franshion Properties (China) (817 HK) will issue US$500,000,000 6.75% guaranteed senior notes due 2021. (SingTao Daily B3)
Hao Wen Holdings (8019 HK) reported that loss attributable to equity shareholders for the year ended 31 December 2010 was round RMB37,933,000. It did not recommend the payment of a final dividend. (Hong Kong Economic Journal P10)
Kaisa Group (1638 HK) booked contracted sales of 545 billion yuan in March, down 25 per cent yoy. (SingTao Daily B3)
Natural Dairy (NZ) (462 HK) has recently signed a preliminary heads of agreement with FuQing Municipal Government, Fujian Province to express interest to establish a food and beverage venture company and to manufacture beverage and rice-framagemented wine. The proposed total investment will be around US$57 million, with a paid up capital about US$19 million. (Hong Kong Economic Journal P10)
Sino Prosper State Gold Resources (766 HK) and the Aohan Banner Government have entered into a framework cooperative agreement in relation to, among other matters, exploration, consolidation and/or development of certain mineral resources in the Aohan Banner. (Hong Kong Economic Times A16)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
