Beijing Enterprises Holdings (392 HK) announces that Beijing Capital Airport Expressway, a toll road operated by it, adjusts its toll policy and toll schedule with effect from 1 July. It estimates that there will be negative impact on its operating results in the 2H. (Hong Kong Economic Journal 21)
It is reported that Cheung Kong Infrastructure (1038 HK) has released a statement in London saying that CKI is in the preliminary stages of assessing a potential cash offer for British utility Northumbrian Water. (Hong Kong Economic Times A12)
Hanny Holdings (275 HK) announces a disposal of 49% equity interest in a parcel of land in Guangzhou at the consideration of approximately HK$746.86 million. It expects to record an estimated loss of roughly HK$4.75 million. (Hong Kong Economic Journal 21)
Moiselle International (130 HK) announced that the company recorded a net profit of HK$78.55 million, or up 44 percent for the year ended 31 March 2011. A final dividend of HK13 cents per shares was declared. (Sing Tao Daily B3)
Real Gold Mining (246 HK) announces that Mak Kin Kwong has resigned as its independent non-executive director and the chairman of its audit committee with effect from 24 June. (Hong Kong Economic Times A12)
Royale Furniture Holdings (1198 HK) says it is expected to record an increase in profit of over 40pc for the six months ending 30 June 2011 compared with that of the six months ended 30 June 2010. (Hong Kong Economic Journal 21)
Tsingtao Brewery (168 HK) plans to inject RMB800 million into new production bases in Jieyang, Guangdong Province, PRC to improve production of bottled beer and canned beer. The annual output from this bases is expected to amount to 600,000 kiloliters. (Sing Tao Daily B3)
Polytec Asset (208 HK) plans to spend HK$500 million on further exploitation of oilfields. But the company’s energy business still takes a small part of its net assets. The company aims to focus on energy business with good potential in the future. (Sing Tao Daily B3)
Samson Paper (731 HK) announced that the company has recorded a net profit of HK$73 million, or up 18 percent year-on-year for the year ended 31 March 2011. A final dividend of HK1 cent per share was declared. (Sing Tao Daily B3)
Willie International Holdings Ltd. (273 HK) agreed to acquire 60 percent of the issued sharer capital in China Energy Worldwide Investment Ltd. The consideration for the acquisition shall be HK$1. (Sing Tao Daily B3)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
