Bosideng International (3998 HK) recorded a net profit has gone up by 18.3 percent to RMB1,276 million for the year ended 31 March 2011. The company declared a final and special dividend of HK12.8 cents per share. (Sing Tao Daily B4)
Cheung Kong (1 HK) and Hutchison Whampoa (0013) won a bid of a residential development site in Nanjing, China. The 119,502-square-meter plot cost the two RMB3.18 billion. They expect to inject HK$6.95 billion for developing the site and building apartments. (Sing Tao Daily B5)
China Timber Resources (269 HK) announced that for the year ended 31 March 2011, the company experienced a profit loss of HK$154 million, or expanding 3.64x in loss compared with last year. (Sing Tao Daily B4)
Dah Chong Hong (1828 HK) announces that it has entered into a provisional agreement to dispose of a property at G/F, 56 Percival Street, Causeway Bay for a consideration of HK$195,000,000. It is estimated that a gain of about HK$81,000,000 will be recorded in respect of the property. (Hong Kong Economic Journal 26)
Fantasia Holdings Group (1777 HK), a subsidiary of Fantasy Pearl International Limited, has acquired 48 percent of equity interest in Shenzhen Fantasia Investment. Fantasy Pearl, representing 65 percent of the issued share capital of the company before the acquisition, now holds 61 percent of the company’s equity interest. (Sing Tao Daily B4)
Fosun International (656 HK) announces that it is currently considering a possible spin-off and separate listing of Hainan Mining on the Main Board of the Shanghai Stock Exchange. It submitted a proposal to the bourse yesterday. (Hong Kong Economic Times A12)
HungHing Printing Group (450 HK) saw profit attributable to shareholders decline by 6% to HK$156 million for the year ended 31 March 2011. It proposed a final dividend of HK5cents. (Hong Kong Economic Journal 10)
Karrie International (1050 HK) saw profit attributable to equity holders for the year ended 31 March 2011 increase by 70% to HK$21,223,000. It recommended to pay a final dividend of HK1.1 cents per share. (Hong Kong Economic Journal 10)
Mongolia Energy Corporation (276 HK) announced that for the year ended 31 March 2011, the company’s net profit saw a loss of HK$311 million, or down by 2.1 percent year-on-year. No final dividend was announced. (Sing Tao Daily B4)
Sparkle Roll Group (970 HK) registered net profit of 184 million for the year ended 31 March 2011, surging 62.5pc yoy. It recommended the payment of a final dividend of HK1 cent per share. (Hong Kong Economic Journal 10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
