Wednesday, September 14, 2011

Hong Kong Stock Market Wrap Sept. 13th, 2011

China Coal Energy (1898 HK) recorded commercial coal production volume of 8.84 million tonnes in August, up 16.9pc yoy and up 2.9pc mom. Coal sales rose 18.3pc to 11.63 million tonnes. (Hong Kong Economic Times A8) (8006 HK) has subscribed US$4 million private equity fund. The fund established chiefly to make direct and indirect investments in state-owned enterprises and privately owned enterprises in the PRC. (Hong Kong Economic Journal B2)

Longfor Properties (960 HK) announces that its contracted sales amounted to RMB3.21 billion in August, up 25.9pc mom. Its contracted sales reached RMB24.02 billion for the first 8 months. (Hong Kong Economic Times A8)

HKEx’s data shows that the chairman of Sino Land (83 HK) bought a total of 0.204m shares of the company on 7-8 September at HK$12.35 each on average. (SingTao Daily B4)

Tenfu (Cayman) (6868 HK) opens its retail book today. Offer price is between HK$4.8 and HK$6.8. The maximum offer price a board lot amounts to approximately HK$6868.
(Hong Kong Economic Times A8)

Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard