Anhui Conch Cement Company Limited (914 HK) announced that the Company will issue up to RMB 9.5 billion worth of bond with a term of five years and seven years respectively. (Sing Tao Daily B5)
China Mobile (941 HK) had reached consensus with Apple on introducing TD technology iPhones into China’s market. China Mobile will be this 4G-iPhone services provider. (Sing Tao Daily B4)
China Resources Enterprise (291 HK) announced the company’s net profit for the first quarter in 2011 decreased by almost 78 percent to HK$826 million. This drop is due to the suspension of fashion products distribution. (Sing Tao Daily B3)
China Unicom (762 HK) announced that the company’s net additions of 2G service subscribers in April 2011 increased by 659,000, a drop of nearly 40 percent as compared with the number of 1.08 million in March 2011. (Sing Tao Daily B4)
China Water Affairs Group (855 HK) has agreed to issue new shares at the price of HK$3.4 per share to raise net proceeds of roughly HK$798.5 million. (Hong Kong Economic Journal P30)
China Zhongwang Holdings’ (1333 HK) shareholder Liu Zhongtian has purchased 4,200,000 shares of the company at an average price of HK$3.37 per share. The shareholding of Liu in the company increased from about 73.99% to around 74.07%. (Hong Kong Economic Journal P30)
Elegance International (907 HK) announced that the company’s profit may see a substantial drop for the year ended 31 March 2011. The drop is mainly due to the increase in labour costs caused by the jump of minimum wages in Mainland China and the increase in production costs brought by high inflation rate and Renminbi appreciation. (Sing Tao Daily B3)
Giordano International’s (709 HK) sales for the first quarter of 2011 increased by 26.0% to HK$1,415 million. Gross margin for the quarter increased by 1.7 percentage points to 58.2%. (Hong Kong Economic Times A12)
Melco Crown Entertainment (200 HK), a 33.36% owned associate of Melco International Development, booked net income of US$7.152m for the first quarter ended 31 March 2011. (Hong Kong Economic Times A12)
Parkson Retail’s (3368 HK) 1Q net profit saw an increase of 21.6 percent year-on-year in 2011 to RMB328 million, benefiting from the increase in business operating revenue and the decrease in financing costs. (Sing Tao Daily B4)
Paul Y. Engineering (577 HK) is in preliminary discussions which may lead to a very substantial acquisition financed by a placement of shares. No transaction agreements have been entered into yet. (Hong Kong Economic Journal P30)
Royale Furniture (1198 HK) seeks the acquisition of two pieces of lands in Nanchang, Jiangxi Province with a site area of 430,000 square meters at a cash consideration of approximately HK$63.6 million. The lands will be used for the construction of new plants. (Sing Tao Daily B3)
Semiconductor Manufacturing International Corporation (981 HK) announced that the company’s net profit for 1Q 2011 reached US$10.2 million, or down 84 percent as compared with the previous quarter. (Sing Tao Daily B4)
Shanghai Pharmaceuticals (2607 HK) shares closed at 23.4 each at the gray market yesterday. (Hong Kong Economic Journal P30)
Xinyi Glass Holdings (868 HK) plans to place shares at 8.35-8.6 each to raise up to 860m. (Hong Kong Economic Journal P30)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
