Ajisen (China) (538 HK) clarifies that its quality soup base concentrate is made from stewing of soup ingredients, confirming that the soup ingredients used are made from pig bones instead of soup powder. The pig bones are stewed into soup base concentrate by employing advanced technology and expertise from Japan, it adds. (Hong Kong Economic Journal 7)
Aluminum Corporation of China (2600 HK) announces that it will make full impairment provision for the entire carrying value of around RMB340 million of the expenditure incurred for the Aurukun development project in its 2011 interim report. (Hong Kong Economic Journal 18)
BYD (1211 HK) announced it will serve as the exclusive provider of pure-electric automobiles and buses for the 2011 Shenzhen Universiade. BYD agreed to deliver 300 e6 e-cars and 200 e-buses during the game. (SingTao Daily B2)
China Mobile (941 HK) announces that Xi Guohua has been appointed as its executive director and vice chairman with effect from yesterday. (Hong Kong Economic Times A12)
Carlyle (2601 HK) places part of its stake in China Pacific Insurance at prices between 30.9 and 31.4 per share, market sources say. (Hong Kong Economic Journal 18)
Dongfeng Motor (489 HK) plans to invest HK$60.8 billion to expand production capacity in its China’s business before 2015. The company also expects the number of distributors will increase to 2,400 in order to meet its sales target. Thirty new models including electric cars are also included into its plan. (SingTao Daily B2)
Dynasty Fine Wines (828 HK) says it is expected that its net profit to be reported for the 6 months ended 30 June 2011 may be considerably lower as compared with that for the same period in 2010. (Hong Kong Economic Journal 18)
GZI REIT (405 HK) announced for the six months ended June 30 2011, the company recorded a net profit of RMB840 million, or up over 200 percent year-on-year. The 2011 interim distribution amounted to approximately RMB118 million, with RMB0.11 for distribution per unit. (SingTao Daily B5)
Hua Lien International (969 HK) says its sales result for the first six months in 2011 will record losses, compared with the profit of over HK$50 million for the corresponding period last year. (SingTao Daily B5)
Wai Kee (610 HK) expects a significant improvement in its interim operating result for the six months ended June 30, 2011. This progress is mainly due to an one-off profit from quarrying business upon agreement with local government of Wanshan in China. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
