Chevalier International Holdings Ltd. (25 HK) and Chevalier Pacific Holdings Ltd. (508) declared that Chevalier Pacific agreed to sell some of its catering businesses in Hong Kong, Macau and Australia to Chevalier International at a consideration of HK$246 million. (Sing Tao Daily B3)
China Telecom (728 HK) plans to sell iPhone starting from November 2011 at the earliest. The company refuses to comment on any business discussion with Apple and there is no timetable for the launch of CDMA iPhone at the moment. (Sing Tao Daily B4)
Geely Automobile (175 HK) announces that its total sales volume in the 1H was 213,381 units, up 9.0% from the same period last year and achieving 44.5% of the full year sales volume target of 480,000 units of vehicles in 2011. (Hong Kong Economic Times A13)
Northeast Electric Development (42 HK) says it is predicted that its accumulative net profit is about RMB19,000,000 and EPS is roughly RMB0.02 in the 1H, with a year-on-year increase according to the preliminary calculation by its financial management department. (Hong Kong Economic Journal P8)
PCCW Limited (8 HK) has launched uHub, an iCloud-style services, linking broadband, mobile phone service subscribers and non-PCCW customers together within a network. This uHub also supports operations of Google’s Android and Apple’s iOS. (Sing Tao Daily B4)
Real Gold Mining (246 HK) announces that Xiao Zuhe has resigned as an independent non-executive director with effect from yesterday due to his other commitments. (Hong Kong Economic Journal P21)
Sa Sa International (178 HK0 announced that for the three months ended 30 June 2011, its operational turnovers increased by 34.6 percent year-on-year and retail & wholesale sales growth in Hong Kong and Macau lifted nearly 39 percent year-on-year. (Sing Tao Daily B3)
Shui On Construction (983 HK) and Materials announces that its wholly-owned subsidiary Shui On Building Materials has entered into an agreement to sell a cement plant in Guizhou to Upper Value. The sum of the maximum aggregate consideration and the debts and loans is around HK$490 million. (Hong Kong Economic Journal P8)
Solartech International (1166 HK) has agreed to place up to 504.51 million placing shares at a price of HK$0.2 per placing share through the placing agent Kingston Securities Ltd. (Sing Tao Daily B3)
Xiamen International Port (3378 HK) announces that Xiamen Port Development says it has seized the good opportunity of the restoring of the throughput of Xiamen port, expecting its 1H net profit to increase by 79.13% to approximately RMB75,837,000. (Hong Kong Economic Journal P8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
