China Aerospace International (31 HK) has entered into a capital contribution agreement with its controlling shareholder China Aerospace Science & Technology and several subsidiaries in relation to the formation of a JV company, with the total registered capital of RMB63,800,000. (SingTao Daily B7)
China Modern Dairy (1117 HK) is planning to register a new selling company in Hong Kong to sell their own milk. The first year accomplishment shows the year net profit reached 220million RMB. The first goal is to maintain high quality and quaintly milk with 30 pastures by the year 2015. (Hong Kong Economic Times A10)
Citi Securities (6030 HK) with its new stock number will now be available to the public. Just before today sales, Citit Securities plan to established 10.94 billion H share issues, before the sales today, there were already 5 companies offer 10.92 billion shares in total. (Hong Kong Economic Times A10)
COSCO Pacific (1199 HK) announces container throughput of 4.5156m TEUs in August, up 9.7pc yoy. Throughput rose 16.9pc yoy to 33.1867m TEUs for the first 8 months. (SingTao Daily B7)
Esprit Holdings (330 HK) reported a net profit of HK$79 million for the year ended 30 June 2011, diving 98pc yoy. The company did not recommend the payment of a final dividend (SingTao Daily B2)
Fosun and The Prudential Insurance Company of America (656 HK) will develop a life insurance company in Mainland China. The two companies will both start with RMB 500 million as the registered capital. Both sides will contribute 50 percent of it. The new company will establish in Shanghai and may start running in the 4th season of 2012. (Hong Kong Economic Journal A6)
Great wall motor company (2333 HK) announced to established 304million A share issues which can raise up to 4.26 billion RMB, more than the previous expectation 3.17 billion RMB. (Hong Kong Economic Times A10)
Sun Hung Kai Properties (16 HK) booked an underlying profit attributable to shareholders for the year ended 30 June 2011 of HK$21,479 million, an increase of 55pc. A final dividend of HK$2.40 per share was recommended. (SingTao Daily B3)
Travel Expert (Asia) Enterprises (1235 HK) issues 100m shares at a price between HK$0.56 and 0.69 apiece. The company is to list on 29 September. (SingTao Daily B3)
Brilliant Star Capital, the wholly-owned subsidiary of Value Partner (806 HK), will form a joint venture company ih PRC party in Chegdu City to operate and develop small loan business. The new company will be owned by Brilliant Star Capital 90% and 10% by the PRC Party. (Hong Kong Economic Journal A8)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
