Agile Property (3883 HK) has entered into a facility loan amounting to HK$2.35 billion with banks in Hong Kong for a term of 36 months. The banks are Standard Chartered Bank (Hong Kong), Barclays Bank, The Royal Bank of Scotland (Hong Kong Branch), The Bank of East Asia, Hang Seng Bank, Industrial and Commercial Bank of China (Asia) and Wing Lung Bank. (Sing Tao Daily B3)
Alibaba.com Ltd. (1688 HK) started allowing users of its AliExpress online-sales platform to buy goods on the site by making cash payments at Western Union. The companies expect the service to become a key payment option in emerging markets in Latin America, Eastern Europe and Africa. (Sing Tao Daily B4)
Anhui Conch Cement (914 HK) expects a yoy increase of 200% in its unaudited net profit prepared in accordance with PRC accounting standards for the six months ended 30 June 2011. (Hong Kong Economic Journal 25)
Rumours spread that Cheung Kong Infrastructure (1038 HK) plans to place new shares at HK$40.41-42.15 per share to raise around HK$3.12b. (Hong Kong Economic Journal 25)
China Coal Energy Company (1898 HK) says its commercial coal production volume in June amounted to 7,970,000 tonnes, up 6.5pc yoy. Domestic sales of self-produced coal amounted to 7,490,000 tonnes in June. (Hong Kong Economic Times A12)
China Longyuan (916 HK) has made its first move outside its domestic market and acquired a share of a Canadian wind farm. Under the agreement, Longyuan Canada Renewables will purchase stocks of a 100MW wind farm at a consideration of RMB1.68 billion from Farm Owned Power (Melancthon) in Ontario. (Sing Tao Daily B3)
Henderson Land Development Company (12 HK) plans to introduce four to five new projects in Nanjing, China into market by July or August. The total sales of these properties are expected to amount to RMB4 billion-5 billion. (Sing Tao Daily B5)
Rainbow Brothers Holdings Ltd. (033 HK) announced that Harmonic Strait Credit Guarantee Co., Ltd (和協海峽信用擔保有限公司), a 90 percent owned subsidiary of the company, has negotiated with an independent third party concerning a possible formation of a joint venture in Mainland China. Both sides plan to acquire and develop a piece of land in Chaoyang District, Beijing. (Sing Tao Daily B3)
SPG Land (Holdings) (337 HK) announces termination of an acquisition of a site in Ningbo. The company announced in April that it would acquire a site in Ningbo for RMB 350m. (Hong Kong Economic Journal 25)
Stella International Holdings (1836 HK) announces that for the three months and six months ended 30 June 2011, its unaudited consolidated revenue was roughly US$394.0 million and US$667.9 million respectively, representing a yoy growth of about 23.2% and 22.7%. (Hong Kong Economic Journal 25)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
