China Resources Land (1109 HK) announces a rights issue on the basis of 1 offer share for every 13 existing shares held at a price of HK$12.7756 per offer share to raise around 1.82 billion. (Hong Kong Economic Journal 17)
Rosedale Hotel (1189 HK) says its interim results is expected to sink into the red as there was no similar non-recurring gain on disposal recorded in the 1H like in the same period last year. However, the amount of loss from its continuing operations has reduced. (SingTao Daily B3)
SIM Technology Group (2000 HK) incurred a loss of HK$18.75 million as compared to the profit of HK$108 million in 2010. Revenue dropped off by 37% to HK$1,200 million. It declared an interim dividend of HK1.0 cent a share. (Hong Kong Economic Times A11)
Solargiga Energy (757 HK) has agreed to issue RMB300,000,000 4.75% bonds due in 2014. The gross proceeds are currently intended to be used for general corporate purposes. (SingTao Daily B3)
Tianneng Power International (819 HK) announces that its subsidiary Tianneng Battery (Wuhu) have met relevant remediation requirement for resuming production and thus it will resume production from today. (Hong Kong Economic Journal 17)
Besunyen Holdings Company Ltd. (926 HK) announced that for the six months ended June 30, 2011, the company’s profit and total comprehensive income was RMB113 million, up 4.37x. The basic earnings per share were RMB0.07. The company announced the payment of an interim dividend of HK0.02 per share. (SingTao Daily B16)
China Construction Bank (CCB) (939 HK) announced that for the first half of 2011, its profit attributable to the owners of the bank amounted to RMB92, 825 million, up 31.22 percent. The earnings per share were RMB0.37. This good result was mainly due to the stable improvement in its net interest margin and strong performance of non-interest businesses. (SingTao Daily B17)
China Life Insurance Company Ltd. (2628 HK) is planning to issue up to RMB30 billion worth of subordinated bonds. The bonds will have a maturity of ten years and the issuer will have redemption right at the end of fifth year. (Hong Kong Economic Journal P6)
China Molybdenum Co., Ltd. (3993 HK) recorded a net profit, increasing by 40.2 percent year-on-year, of RMB586 million for the first half of 2011. No interim dividend was announced. (Hong Kong Economic Times A13)
Kingworld Medicines Group (1110 HK) announced for the first half of 2011, its profit increased by 85.1 percent to RMB19.65 million. No dividend was announced. (SingTao Daily B16)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
