Asia Cement (China) (743 HK) announced that its net profit for the first half of 2011 amounted to HK$639 million, representing an increase of 3.55 times year-on-year. No interim dividend was announced. (Hong Kong Economic Times A15)
Best Miracle International (8272 HK) has entered into a MOU. It may acquire equity interest in Taiyuan Hanbo, a Chinese company principally engaged in the production, processing and sales of traditional Chinese food products made from natural fruits such as jujube and hawthorn fruit. (SingTao Daily B4)
Chinese Estates Holdings Ltd. (127 HK) announced that its interim net profit for the first six months in 2011 was HK$4.55 billion, compared with the net profit of HK$3.87 billion for the corresponding period in last year. (Hong Kong Economic Times A15)
Convoy Financial Services (1019 HK) says it is expected to register a rise in 1H net profit owing to an increase in brokerage commission income derived from sale of Investment-linked Assurance Schemes products. (SingTao Daily B5)
Dah Chong Hong (1828 HK) announced that due to the increase in profit of automobile business, the company ‘s net profit for the first half of 2011 amounted to HK$800 million, up 63.5 percent year-on-year. The company declared interim dividend increased by 33.9 percent to 14.30 HK cents per share. (Hong Kong Economic Times A15)
Geely Automobile (175 HK) has entered into an agreement with Manganese Bronze, manufacturer of London taxies, in relation to a potential distribution in the UK of its vehicles and spare parts, and the provision of after-sales service until 1 August next year. (SingTao Daily B4)
Get Nice (64 HK) proposes to issue Taiwan depositary receipts. The proposal is subject to the approval by the Taiwan Stock Exchange and other relevant authorities. (SingTao Daily B4)
Ping An Insurance Company (2318 HK) agreed to subscribe for a shareholding of not more than 18.85 percent of the enlarged issued share capital of Shenzhen Development Bank (SDB) for a cash consideration of not more than RMB 20 billion. (Hong Kong Economic Journal P7)
Quam (952 HK) proposes to raise HK$59.7 million by way of rights issue at a subscription price of HK$0.25 a rights share on the basis of 1 rights share for every 4 existing shares in issue. (SingTao Daily B4)
TCC International Holdings Ltd. (1136 HK) announced that its profit attributable to its owners increased by 7x to HK$909 million for the six months ended June 30, 2011. The basic earnings per share were HK27.6 cents. The company declared the payment of an interim dividend of HK2.5 cents per share. (Hong Kong Economic Times A15)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
