Birmingham International (2309 HK) announced that the indictable offence against Mr. Yang Ka Sing, Carson is in no way related to the company. Mr. Yang Ka Sing, Carson was allegedly indicted on money laundering charge. (Hong Kong Economic Times A12)
China Infrastructure Investment (600 HK) says it will dispose Pan-China Commercial Square in Hunnan New District, Shenyang, to Amazing Glory for an aggregate cash consideration of HK$582.7 million. (SingTao Daily B2)
China Overseas Land and Investment Ltd. (688 HK) announced that the total contract sales for the first six months in 2011 amounted to HK$52.23 billion, or up 86 percent year-on-year. The sales area was 3,072 million square meters, or up 38 percent. (Hong Kong Economic Times A12)
Trading in the shares of Cosway Corporation (288 HK) has been suspended with effect from yesterday afternoon. The company released an announcement writing that a controlling shareholder will put forth a privatisation proposal. (SingTao Daily B2)
Glorious Property Holdings (845 HK) booked 1H and June sales of 7.1b yuan and 2.01b yuan, up 1.51x and 1.25x yoy respectively. (SingTao Daily B2)
Industrial and Commercial Bank of China (ICBC)’s (1398 HK) Sydney Branch issued AUD 400 million (USD426 million, approximately HKD3.3 billion) and 3-year kangaroo bonds at 105 basis points over the bank bill swap rate (BBSW). (Hong Kong Economic Journal P11)
Hong Kong Exchanges and Clearing Limited (388 HK) announced that it will introduce a T+2 Finality arrangement for money settlement in CCASS, the Central Clearing and Settlement System for the Hong Kong securities market, on Monday, 25 July 2011. (Hong Kong Economic Times A12)
Pearl River Tyre’s (1187 HK) controlling shareholders Pacific Union and Kuala Lumpur Kepong Berhad are currently under negotiation with an independent third party in respect of a disposal of their shareholding interests in Pearl River Tyre. (SingTao Daily B2)
Shui On Land (272 HK) reported contracted sales of RMB5.2b in the 1H, up 250pc yoy. The shares dropped 0.87pc yesterday. (SingTao Daily B2)
TCL Communication Technology (2618 HK) expects that its net profit will see a significant increase for the first half of 2011 as compared to the net profit of HK$250 million in the same period last year. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
