China Forestry (930 HK) announces the preliminary results of an offer to purchase and solicitation of consents regarding senior notes due 2015. Holders had tendered and not withdrawn US$290.23 million in aggregate principal amount of notes, representing 96.74% of the total amount of the notes outstanding. (SingTao Daily B2)
CITIC Dameng (1091 HK) expects its profit attributable to equity holders for the 6 months ended 30 June 2011 will be considerably higher than the corresponding period of last year, primarily attributable to a rise in the average selling price and sales volume of electrolytic manganese metal. (SingTao Daily B2)
Fosun International (656 HK) says its profit attributable to equity holders for the half year ended 30 June 2011 is expected to jump in comparison with that for the same period as of last year, chiefly attributable to the fair value gain on certain equity investments held by it. (SingTao Daily B2)
Haier Electronics (1169 HK) plans to issue five-year and 3 pc convertible bonds at a principal of HK$1,067 million. (Hong Kong Economic Times A8)
Hong Long Holdings (1383 HK) disposes Luxegood Development to Ning Jiang at a consideration of HK$323.17 million. Luxegood is mainly engaged in the development and sale of residential properties in Xingning, Guangdong Province. (SingTao Daily B2)
Hutchison Telecommunications Hong Kong (215 HK) announced for the first half of 2011, the company recorded its net profit at HK$494 million, or up approximately 37 pc year-on-year. The company plans to introduce LTE (4G) services this year. (Hong Kong Economic Times A8)
Kingdee International Software (268 HK) acquires 75% equity interests in Guangzhou Wisetop Computer at a consideration of about RMB120 million. It will, after the deal, further inject RMB30 million and RMB 26 million, in the respective forms of cash and non-cash consideration, for the increase of Wisetop’s capital. Consequently, Wisetop will become its 81.48%-owned subsidiary. (SingTao Daily B2)
KWG Property (1813 HK) announced that its unaudited consolidated net profit for the first half of 2011 may experience a significant increase compared with the same period last year. This increase was mainly attributable to a substantial increase in the company’s total gross floor area delivered to buyers during the period. (Hong Kong Economic Journal P5)
Tom Group Limited (2383 HK) announced its 2011 interim losses went up to HK$129 million and loss per share was HK3.3 cents. The company’s network services are expected to build encouraging growth momentum. (Hong Kong Economic Times A8)
Yanzhou Coal Mining (1171 HK) has acquired 100 pc equity interests in Syntech Holdings, Queensland, Australia at a consideration of AUD202.5 million. (Hong Kong Economic Times A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
