IPO: Newton Resources, an iron-ore mining business of New World Development (0017) and NWS Holdings (0659), plans to restarts its public listing in Hong Kong aiming to raise HK$5.4 billion. (Sing Tao Daily B2)
China Southern Airlines (1055 HK) plans to spend HK$12.3 billion on the purchase of six Boeing B777F freighters. The catalogue price of one Boeing B777F freighters is US$264 million. (Sing Tao Daily B3)
Intime Department Store (Group) (1833 HK) Company announces that a wholly-owned subsidiary Zhejiang Intime has entered into a co-development agreement with Zhejiang Fuqiang and Hangzhou Intime. Zhejiang Intime agreed to make available to Zhejiang Fuqiang and Hangzhou Intime an amount of not more than RMB300,000,000 for the construction and development of the department store property of the Chengxi Project. (Hong Kong Economic Journal 7)
IRICO Group (438 HK) Electronics Company announces an acquisition of 21% equity interest in Jiangsu Yongneng Photovoltaic Technology Company for a total consideration of RMB73,500,000. (Hong Kong Economic Journal 21)
Johnson Electric Holdings (179 HK) announced the company’s net profit for the year ended 31 March 2011 amounted to HK$1.42 billion, or up 1.4x compared with last year. A final dividend of US0.77 cents per share was declared. (Sing Tao Daily B2)
Mongolia Energy Corporation (276 HK) says it is expected that the group may record further loss for the year ended 31 March 2011. (Hong Kong Economic Journal 21)
Ping An Insurance (2318 HK) plans to issue 3-year, 2.25 percent, RMB1.5 billion bonds in Hong Kong. HSBC is appointed as the arranging bank for this bond issuance. (Sing Tao Daily B2)
Silver Base Group Holdings (886 HK) expects to record an increase in profit for the year ended 31 March 2011 as compared with the corresponding period of last year. (Hong Kong Economic Journal 21)
The consolidated profit attributable to owners of Tse Sui Luen Jewellery (International) (417 HK) for the year ended 28 February 2011 was HK$176,118,000. The basic earnings per share was HK$0.84. The company has proposed to declare a final dividend of 12 HK cents per ordinary share. (Hong Kong Economic Times A16)
Vtech (303 HK) announced that the company’s net profit for the year ended 31 March 2011 declined 2.2 percent to US$202 million (around HK$1,576 million). A final dividend of US 62 cents per shares was declared. (Sing Tao Daily B1)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
