Cheung Kong Infrastructure Holdings Ltd. (1038 HK) announced for the six months ended June 30, 2011, its net profit increased by 96 percent toHK$3.98 billion. This improvement is lead by profit contributions from UK Power Networks and Seabank Power Ltd. (SingTao Daily B4)
China Green (Holdings) (904 HK) saw profit attributable to equity shareholders gain 20.3pc to RMB458,802,000 for the year ended 30 April 2011. It proposed to declare a final dividend of HK$0.065 per ordinary share. (Hong Kong Economic Journal 9)
China Resources Land (1109 HK) announces that it will issue senior notes in an aggregate principal amount of US$250.0 million, which will bear an interest rate of 4.625% and will mature in 2016. (Hong Kong Economic Journal 10)
China WindPower Group (182 HK) disposes its entire 51pc equity interest in Gansu Guazhou Century Concord Wind Power for a total consideration of HK$594 million. (Hong Kong Economic Journal 28)
Hong Kong Exchanges and Clearing Limited (388 HK) and Jiangsu Province’s Office of Financial Affairs have signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.
(SingTao Daily B4)
Husky Energy Inc. (Husky) (13 HK), a unit of Hutchison Whampoa, announced that Liwan 3-1 oil/gas field is expected to recover the investment costs in four to five years’ time. Husky inked the Liwan deal with CNOOC Limited (0013) for cooperation in developing resources business. (SingTao Daily B4)
Inspur International (596 HK) says that it is expected that its consolidated profit for the 6 months ended 30 June 2011 will report a drop by 55% to 65% as compared to the profit for the corresponding period last year. (Hong Kong Economic Journal 28)
Ping An Insurance (Group) Company of China (2318 HK) announces that Song Zhijiang has tendered his resignation as a supervisor representing the shareholders of the company’s supervisory committee with effect from this Wednesday due to his work arrangement. (Hong Kong Economic Journal 28)
Vitasoy International (345 HK) plans to acquire 15 percent equity interest in Shenzhen Vitasoy from Guangming at a consideration of RMB61.86 million. This acquisition is expected to help increase Vitasoy International’s shares in China’s soy foods and drinks market. (SingTao Daily B3)
Wing Hing International (Holdings) Limited (621 HK) said on Thursday that it planned to buy up to 87 percent equity interest of South African gold company Taung Gold for US$580 million (around HK$4.5 billion). (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
