China E-Learning (8055 HK) announces an issue of notes in the aggregate principal amount of HK$42,000,000 at coupon rate of 3% per annum, which are convertible into conversion shares at the conversion price of HK$0.50 per conversion share. (SingTao Daily B4)
China Lumena New Materials (67 HK) announces that a substantial shareholder Suo Lang Duo Ji bought 3m shares of the company at an average price of 2.49 per share on Tue. (SingTao Daily B4)
China Shenhua Energy Company Ltd. (1088 HK) announced that for the six months ended June 30 2011, its commercial coal production increased by 28.6 percent year-on-year to 140 million tones. Its coal sales grew 39.2 percent to 191 million tones, meeting its half-year sales target. (Hong Kong Economic Times A12)
Comba Telecom Systems (2342 HK) has resolved that a sum of HK$20 million will be provided for the purchase of shares in its share capital to be awarded to eligible persons. (SingTao Daily B4)
Embry Holdings’ (1388 HK) overall sales growth for the period from May to June has reached 19% as compared to the same period of last year, mainly attributable to a continual increase in sales in the China retail market, its expanded sales network and an increase in the overall demand from customers. (SingTao Daily B4)
Foxconn International Holdings Ltd. (2038 HK) announced that for the six months ended June 30 2011, the company expects the unaudited consolidated interim results to present a loss. This loss was mainly due to reduction in impairment loss and improvement in gross profit margin. (Hong Kong Economic Journal P12)
HSBC Holdings PLC (5 HK) Thursday said the Hong Kong and Shanghai Banking Corporation Limited in India has sold its unsecured written-off personal loan and credit card portfolio to J M Financial Asset Reconstruction Co. Pvt. Ltd. for a cash consideration of US$10 million. (Hong Kong Economic Times A12)
Industrial and Commercial Bank of China (1398 HK) noted yesterday that the bank’s whole year profit for 2011 is expected to amount to RMB200 billion, or up 21 percent year-on-year at least, which is in line with market expectations. (Hong Kong Economic Times A12)
(0066) MTR CORPORATION LIMITED TEMPORARY CLOSURE OF SHEUNG WAN STATION FOR 54 HOURS AUGUST 5 – 8 For the weekend from 5 to 8 August 2011, track re-configuration works will be conducted at Sheung Wan Station as part of the major track works for the West Island Line project. As a result, Island Line service will terminate at Admiralty Station during the 54 hours starting from 11:30 pm on 5 August. Advanced notices will be posted at Sheung Wan, Central and Admiralty stations to remind passengers of the temporary closure of Sheung Wan Station with leaflets providing information on alternative transports. (Hong Kong Economic Journal P12)
Zhongyu Gas (8070 HK) announces that it is in negotiation with LandOcean Energy for a sale of around 42.42% of the equity interest in Henan Zhongyu JV. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
