Get Nice Holdings (64 HK) announced that for the year ended 31 March 2011, its net profit increased by 15 percent year-on-year to HK$258 million with earnings per share of HK6.02 cents. The company announced a final dividend of HK1 cent per share. (Sing Tao Daily B10)
Li & Fung (494 HK) disposed of medical equipment businesses in East Malaysia, Indonesia, Singapore and West Malaysia to its major subsidiaries for a total cash consideration of US$57.7 million (around HK$450 million). (Hong Kong Economic Times A12)
Ping An Insurance Company (2318 HK) has sold stake in Value Partners (806) involving 56 million shares of up to HK$350 million at an indicative price of HK$6.06-HK$6.33 each, representing a discount of 5-9 percent to the pre-deal market price. (Hong Kong Economic Journal P5)
Skyworth Digital (751 HK) announced that the company has met 14 percent of sales target this year. The company does not exclude any cooperation opportunities with channel partners and more business expansion overseas. (Sing Tao Daily B10)
Uni-Bio Science Group (690 HK) announced that the company recorded a loss of HK$185 million, or down 60 percent for the year ended 31 March 2011. No final dividend was announced. (Sing Tao Daily B10)
China Resources Microelectronics (597 HK) announces that China Resources (Holdings) is presently considering placing a privatisation proposal before it for a cash consideration of not less than HK$0.48 per share. (SingTao Daily B14)
Chinese People Holdings Company (681 HK) posted profit attributable to its owners for year 2011 of approximately HK$45.64 million, diving almost 85pc. (SingTao Daily B14)
Amax Holdings (959 HK) returned to the black and booked profit of HK$1.17 billion for the year ended 31 March 2011. (Hong Kong Economic Times A10)
Regal Hotels International Holdings (78 HK) announces that Faith Crown has agreed to sell 70% of the equity interest in a property complex project in Chengdu City to Paliburg and Regal at a consideration of HK$1,000 million. (SingTao Daily B14)
Vale SA (6210 HK) announces that it will establish a share buy-back program for common and preferred class A shares and American Depositary Receipts. The buyback is limited to a maximum of US$ 3.0 billion. (Hong Kong Economic Times A10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
