China HealthCare (673 HK) announces that SHINEWING (HK) CPA tendered its resignation as auditors as it had not received certain information necessary for them to finish their audit procedures from the Group within an agreed timeframe. The company resolved to appoint Zenith CPA to fill the casual vacancy. (SingTao Daily B4)
China Huiyuan Juice Group (1886 HK) announced that for the first half of 2011, its net profit amounted to RMB149 million. No interim dividend was announced. (Hong Kong Economic Times A9)
China Resources (291 HK) Snow Breweries, a JV set up by China Resources Enterprise and SABMiller PLC, along with China Kweichow Moutai Distillery Co. Ltd, agreed to increase their holdings in Guizhou Moutai Beer. China Resources Snow Breweries will spend around RMB270 mln for the acquisition of 70 percent of shares in Guizhou Moutai Beer. (Hong Kong Economic Journal P6)
China Travel International Investment (308 HK) Hong Kong’s profit attributable to shareholders amounted to HK$349 million, a yoy jump of 434%. Basic EPS was HK6.13 cents. An interim dividend of HK2 cents a share was proposed. (SingTao Daily B5)
Chow Sang Sang (116 HK) announced that for the first half of 2011, its net profit went up by 67 percent year-on-year to HK$496 million. The company declared a payment of interim dividend of HK11 cents per share. (Hong Kong Economic Times A9)
HKC (Holdings) (190 HK) sells HKC Shenyang to Peace Investment at a cash consideration of HK$151,873,717. HKC Shenyang was indebted to the company for a sum of HK$500,421,802. Pursuant to the terms of the agreement, the purchaser has undertaken to procure HKC Shenyang to repay such loan to HKC (HK). (SingTao Daily B4)
NewOcean Energy Holdings Ltd. (342 HK) expects that relevant new energy acquisitions will be completed at the end of 2011. The company will formally start the sale and distribution of liquefied petroleum gas (LPG) and sale of electronic products in early 2012. The auto gas business is anticipated to generate additional LPG sales of about 250,000 tons per annum and produce a much higher gross profit margin. (Hong Kong Economic Times A9)
Techtronic Industries (669 HK) posted US$80.26 million in half-year net profit attributable to shareholders, a 72.8% yoy rise. EPS was US5.00 cents. It declared an interim dividend of about US0.64 cent a share. (SingTao Daily B3)
Transport International Holdings Ltd. (62 HK) announced that for the six months ended June 30, 2011, its profit attributable to the shareholders decreased by 90 percent year-on-year to HK$64.3 million. The company declared an interim dividend of HK$0.15 per share. (Hong Kong Economic Times A9)
West China Cement (2233 HK) saw its profit attributable to the owners go up 15.5% to RMB418.0 million. EPS amounted to RMB0.10. It declared an interim dividend of RMB0.02 per share. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
