Beijing Capital Land (2868 HK) registered contracted sales and area of RMB6.14 billion and 632,000sqm respectively for the first seven months. (SingTao Daily B4)
CITIC Resources (1205 HK) is expecting a jump in its profit attributable to shareholders for the 6 months ended 30 June 2011, largely attributable to higher selling prices of its products and recognition of a gain from the partial disposal of its interest in the Codrilla project. (SingTao Daily B4)
Fantasia Holdings (1777 HK) reported contracted sales of RMB4 billion for the first 7 month, with a sales area of 400,000sqm. (SingTao Daily B4)
Hutchison Whampoa (13 HK) announced its half-year profit attributable to the shareholders of the company (before profits on disposal of investments and others) increased by 44 percent year-on-year to HK$9,116 million in 2011. The company has also announced its interim dividend of HK$0.55 per share for the first time in 11 years. (Hong Kong Economic Times A3)
Longfor Chongqing (960 HK), an indirect 91.3 percent owned subsidiary of Longfor Properties Co. Ltd., has won a bid for a piece of land located at Plot No. 05, Phase One of Central District, Hongqiao Business District, Shanghai, the PRC at an aggregate consideration of RMB3,054 million. The total gross floor area was around 290,000 square meters. (Hong Kong Economic Times A12)
TCC International Holdings Ltd (1136 HK). plans to inject US$130 million and 45 million issued warrants for the acquisition of 97.94 percent of equity interest in Scitus Cement (China) Holdings Limited. (Hong Kong Economic Journal P8)
The Bank of East Asia (23 HK) announced that for the first six months of 2011, the net profit amounted to HK$2,711 million, or up 29.1 percent year-on-year. The bank announced an interim dividend of HK43 cents per share. (Hong Kong Economic Times A10)
Tianneng Power International Ltd. (819 HK) has made an announcement regarding the production suspension of some plants. The plants contributed 54 percent of the company’s total capacity before their production was suspended. The company has also applied to the HK Stock Exchange for the resumption of trading of shares in the company. (Hong Kong Economic Times A12)
Vital Group Holdings (1164 HK) decides to temporarily suspend the production of Osteoform food products due to a significant fall in the sales of the product since June. It expects there will be an impairment loss recognized for the 6 months ended 30 June 2011 for certain properties, plants and equipment owing to an integration of production line, which led to the idleness of certain plants and equipment. (SingTao Daily B4)
Yuexiu Property Company (123 HK) yesterday issued a positive profit alert for the 6 months ended 30 June 2011 on an increase in revenue from recognition of part of the property sales and fair value gain on revaluation of investment properties. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
