Ajisen (China) (538 HK) has applied for the resumption of trading on Monday this week. The company also provided the supply chain and production process of the pig-bone soup and pointed out that ceasing to use the additive, commonly used in noodle products as a sweetener, did not pose any material adverse effect on the quality of the noodle products of the company. (SingTao Daily B12)
Chongqing Rural Commercial Bank (3618 HK) announced its 2011 first half-year net profit went up 35 percent to RMB2,238 million. No dividend was announced. (Hong Kong Economic Times A9)
Northeast Electric Development Co., (42 HK) Ltd announced the net profit for the first half of 2011 amounted to RMB19.5 million, up 34.38x. No interim dividend was announced. (SingTao Daily B12)
PICC P&C (2328 HK) announced its 2011 first half-year net profit increased by 97 percent to RMB5,288 million. An interim dividend of RMB0.225 per share was declared. (Hong Kong Economic Journal P4)
SEEC Media Group (205 HK) expects its 2011 first interim results to record profit, as compared to a loss for the corresponding period in last year. This expected profit is mainly due to economic recovery. (SingTao Daily B12)
ChinaVision Media Group (1060 HK) expects a loss for the 6 months ended 30 June 2011 as compared to a profit for the same period last year. (Hong Kong Economic Journal 19)
First Tractor Company (38 HK) recorded interim profit attributable to equity holders of RMB271,236,000, a yoy rise of 1.6%. Consolidated gross profit margin was 12.8%, a yoy drop of 1.9 percentage points. The company does not recommend payment of interim dividend. (Hong Kong Economic Times A12)
Min Xin Holdings (222 HK) decided to sell 5% of the equity interest in Xiamen International Bank to Fujian Provincial Communication Transportation Group for a consideration of at least RMB321 million. Xiamen International Bank is considering an issue of new shares, which, if implemented, may result in a dilution of Min Xin’s shareholding in the bank to under 20%. (SingTao Daily B12)
Shengli Oil & Gas Pipe (1080 HK) saw its half-year net profit plunge 82.3pc to RMB12.23 million. EPS amounted to RMB0.49 cents. The company does not recommend the payment of the interim dividend. (Hong Kong Economic Journal 19)
Zhaojin Mining Industry (1818 HK) posted half-year net profit of about RMB720,129,000, up approximately 28.32%. EPS was RMB0.25. It does not recommend payment of interim dividend. (Hong Kong Economic Journal 19)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
