AAC Acoustic Technologies Holdings (2018 HK) plans to change to English name of the company “AAC Acoustic Technologies Holdings Inc.” to “AAC Technologies Holdings Inc.” and to change the Chinese name from “瑞聲聲學科技控股有限公司” (which was adopted by the company for identification purpose) to “瑞聲科技控股有限公司”. (Hong Kong Economic Times A14)
Bank of Communications (3328 HK) proposes to dispatch to the holders of H Shares and the holders of A Shares with a cash dividend of RMB0.20 for every 10 shares held by way of capitalization of retained earnings and a bonus issue of shares on the basis of 1 bonus share for every 10 shares held by way of capitalization of retained earnings. Its net profits increased by 29.63% as compared to the corresponding period in prior year to RMB39.042 billion for the year ended 31 December 20. (SingTao B2)
China Agri-Industries Holdings (606 HK) reported profit attributable to the owners of the company for 2010 of HK$1,701.6 million. Basic earnings per share were 43.21 HK cents. It recommended the payment of a final dividend of 3.9 HK cents per share. (SingTao B6)
China Communications Services (522 HK) plans to issue the rights shares in the proportion of four rights shares for every ten existing shares. The company will seek the approval from shareholders to raise up to RMB6 billion through this rights issue of shares for development and acquisitions. (Hong Kong Economic Times A14)
China Merchants Holdings (144 HK) recorded the net profit for the year ended 31 December 2010 of RMB5, 876 million, an increase of 81.5 percent year-on-year. Based on the situation of China’s import and export, the company anticipates the port handling charges will go up this year. (Hong Kong Economic Times A12)
China National Materials Company (1893 HK) plans to inject RMB25.9 billion for investment this year, 2 times that of last year. The monthly average order size for all orders of the first four months amounts to RMB4 billion this year. (Hong Kong Economic Times A14)
CNOOC (883 HK) announces that it has signed an agreement with Tullow Oil plc for a one-third interest in 3 exploration areas in Uganda for 1.467 billion U.S. dollars. (SingTao B2)
Mr.Cai Dongchen, chairman of China Pharmaceutical Group (1093 HK), notes that the company plans to diversify its product portfolios by adjusting the business in proportions of 1/3 Vitamin C, 1/3 antibiotics and 1/3 medicine business. He also notes that the increasing demand for iodine pills will last for a short period in the market. (Hong Kong Economic Journal P8)
Dongfeng Motor Group (489 HK) booked profit attributable to shareholders of around RMB10,981 million, an increase of 75.7%. It recommended distributing a dividend of RMB 0.18 cents per share for the year ended 31 December 2010. (SingTao B6)
Foxconn International (2038 HK) experienced a loss of profit for 2010 totaling US$218 million (around HK$1.7 billion). This loss is mainly attributable to the impairment of assets caused by moving plants, rising wages and loss of business revenue, etc. No final dividend was proposed. (Hong Kong Economic Times A12)
Hang Seng Investment has (11 HK) re-opened its RMB bond fund to both retail and institutional investors for subscription. The fund invests primarily in yuan-denominated debt securities which are issued or distributed outside China. (Hong Kong Economic Times A16)
Industrial and Commercial Bank (1398 HK) recorded net profit attributable to equity holders of RMB 165.156 billion for the year ended 31 December 2010. Final dividend was RMB0.184 per share. (SingTao B2)
China Zhongwang (1333 HK) expects that its export sales to the US and net profit for the three-month period ending 31 March 2011 will decline substantially as compared to the same period of 2010. (SingTao B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
