Agritrade Resources Limited (1131 HK) is building a GEO-COAL production line in Indonesia. This is the first time for the company to put the new technology of coal production into the industry. The company expects that this optimization will lift the company’s gross profit by over three times and it bears revolutionary results for coal utilization. (Hong Kong Economic Journal P5)
Aluminum Corporation of China (Chalco) (2600 HK), along with GIIG Holdings, plans to jointly develop and operate an electrolytic aluminum plant in Malaysia. The project is expected to involve a total investment of over US$1 billion. Chalco plans to invest US$350 million to US$400 million (around HK$3.1 billion). This project is scheduled to come into operation in 2013 with an annual output capacity of 370,000 tonnes. (Sing Tao Daily B3)
China Gas Holdings (384 HK) announced that Mr. Mark Douglas Gelinas was appointed as an alternate director to Mr. Al Jarf, a non-executive director of the Company, with effect from 20 April 2011. (Sing Tao Daily B2)
China Kangda Food Company (834 HK) released its financial results for the first quarter in 2011. For the period ended 31 March 2011, the company recorded a profit of RMB3.49 million, or up over 20 percent year-on-year, with basic earnings per share of RMB0.89 cents. (Sing Tao Daily B2)
Dalian Port (PDA) Company (2880 HK) has entered into acquisition of 17.5 percent of equity interests in SBTF at a cash consideration of RMB274.5 million. (Hong Kong Economic Times A14)
Renhe Commercial Holdings Company (1387 HK) announced the progress of construction of four projects this year. The company’s four projects, with a total floor area of 892,000 square meters, have come into construction. (Hong Kong Economic Times A14)
Shanghai Shimao Co., Ltd., (813 HK) a subsidiary of Shimao Property Holdings, announced that the company’s unaudited consolidated financial results. Its net profit for the first quarter in 2011 experienced a year-on-year increase of 100 percent to RMB177 million. The company’s operating income dropped 0.4 percent year-on-year to RMB990 million for the first quarter 2011. (Hong Kong Economic Times A14)
Sino Union Energy Investment Group (346 HK) has granted a 24-month option to Yanchang Petroleum, who holds 14.51 percent interests in Sino Union, to subscribe for 1 billion shares at an exercise price of HK$0.716 apiece. (Hong Kong Economic Times A14)
Buildmore International (108 HK) recorded a loss for the year attributable to owners of HK$56,430,000. The company does not recommend the payment of a final dividend. (SingTao Daily B2)
Changsha Zoomlion Heavy Industry (1157 HK) saw net profit attributable to equity shareholders go up 175.46% to 2,023,637,292.86. Operating income rose 82.00%. (Hong Kong Economic Times A10)
Profit attributable to owners of Fountain Set (Holdings) (420 HK) amounted to roughly HK$154.1 million, a substantial increase of 36.3% over the same period last year. It has resolved not to pay any interim dividend. (SingTao Daily B2)
Guangzhou Automobile (2238 HK) announces its financial results for the 3 months ended 31 Mar prepared in accordance with the PRC GAAP. It booked net profit of 4,294,117,700, surging almost 2 times. (Hong Kong Economic Times A10)
Hang Lung Properties (101 HK) announces that application has been made to the Stock Exchange of Hong Kong for the listing of a US$2,000,000,000 medium term note programme. The listing of the programme is expected to become effective on 6 May. (Hong Kong Economic Journal P7)
SITC International Holdings (1308 HK) announces that profit for the 3 months ended 31 March 2011 was about US$25.1 million, an increase of 7.3%. (SingTao Daily B2)
Vietnam Manufacturing and Export Processing (422 HK) recorded net profit of US$8.18 million in Q1, dipping 1% yoy. (SingTao Daily B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
