C C Land (1224 HK) has successfully acquired a land lot in Guanghua New City, Qingyang District, Chengdu, PRC, through its 51 percent-owned subsidiary – Chengdu Guojia Cheer Gain Property Company Limited. The total consideration for the Land Lot is around RMB767 million. (Hong Kong Economic Journal P8)
Dynamic Energy (578 HK) announced that three local banks in Zhengzhou, Henan Province, PRC, namely China CITIC Bank Corporation Limited (Zhengzhou Branch), Bank of China Limited (Zhengzhou Branch) and Shanghai Pufa Development Banking Corporation Limited (Zhengzhou Branch), have agreed to provide bank loans to the company for coalbed methane project development in Pingdingshan. (Sing Tao Daily B2)
Hong Long (1383 HK) announced that Mr. Lee Chi Shing Caesar will replace Mr. Young Wai Ching as company secretary of the company and agent of the company for the service of process in Hong Kong with effect from 10 June 2011.(Sing Tao Daily B2)
Natural Dairy (NZ) (462) announced that the issuance of convertible note C in an aggregate amount of HK$109 million has been successfully placed to independent third parties, which was confirmed by Sun Hong Kai Investment Services Limited, the placing agent. (Sing Tao Daily B2)
Sinopoly Battery (729 HK) announced that the company is expected to record a profit loss for the year ended 31 March 2010. According to the company, this loss is mainly due to the breaches of the agreements concerning the acquisition by Mr. Chung and the relevant companies controlled by him. (Hong Kong Economic Times A14)
China Ting Group (3398 HK) Holdings expects to record a decrease in the operating profit generated by its OEM business for the six months ending 30 June 2011. This is expected to adversely affect its operating results for the period. (Hong Kong Economic Journal P21)
China Glass Holdings (3300 HK) announces that, on 10 June 2011, it repurchased 580,000 of its own shares and the aggregate consideration for the share repurchase is HK$1,791,800. (Hong Kong Economic Journal P21)
Convenience Retail Asia (8052 HK) announces that the approval in principle for a transfer of listing from GEM to the main board has been granted by the Stock Exchange and dealings in its shares on the main board will commence on 20 June 2011. (Hong Kong Economic Journal P21)
CCB (939 HK) has resolved that, subject to the approval of a shareholders’ general meeting, the CBRC and relevant regulatory authorities, no more than RMB80 billion RMB-denominated subordinated bonds with maturity no less than 5 years shall be issued. And it was approved that the bank establish a wholly owned commercial bank in Sao Paulo, Brazil, the capital injection of which will be US$100 million. (Hong Kong Economic Times A10)
Genting Hong Kong (678 HK) has utilized roughly HK$63.09 million to further subscribe for shares in Resorts World Inc in proportion to its existing shareholdings in the company. Following completion of the subscription, the latter remains to be its 20% owned associated company. (SingTao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
