Friday, September 23, 2011

Hong Kong Stock Market Wrap Sept. 21st, 2011

Approval Concerning the Non-public Issue of Shares by Aluminum Corporation of China Limited (2600 HK) approved the company’s non-public issue of not more than 1 billion A shares. (Hong Kong Economic Journal A12)

Bossini International (592 HK) booked a profit attributable to owners of HK$130 million for the year ended 30 June 2011. EPS was HK8.07 cents. A final dividend of HK3.03 cents per ordinary share and a special dividend of HK1.20 cents per ordinary share were recommended. (SingTao Daily B6)

Daqing Dairy (1007 HK) has entered into an agreement to sell to Wuchang Benniu 6,800 heads of Holstein cattle at a price of RMB170.0 million. (SingTao Daily B6)

Great Wall Motor Company (2333 HK) issues an announcement regarding its A share issue. It will issue 304,243,000 A shares at an offer price of RMB13 each. (SingTao Daily B6)

Intime Department Store (1833 HK) suddenly plunged 27% yesterday after the stock market just started one minute but then returned back in the next five minutes. The company explained the reason of the plunge remains unknown but there is no problem in the company finance. (Hong Kong Economic Journal A4)

See Corporation (491 HK) reported a loss attributable to owners of around HK$52.4 million for the year ended 30 June 2011. The loss per share was HK$0.05. (SingTao Daily B6)

Simsen International (993 HK) announces that its subsidiary Simsen Capital Finance, a licensed money lender, will provide a loan of HK$100,000,000 to Global Giant Enterprises. Interest will accrue at the rate of 15pc per annum. (SingTao Daily B6)

TCL Multimedia (1070 HK) announced the buyback shares from the market on September 20 and September 21 are 144,6000 and 3,000,000 shares, which is about 0.4091% of the issued shares. (Hong Kong Economic Journal A12)

Wing Hang Bank (302 HK) had increased Prime Rate-Based Mortgage profit rate from 2.25 p.a to 2.75 p.a. and cash return 0.8% to 1%. (Hong Kong Economic Times A15)

Xiao Nan Guo Restaurants (1147 HK) announced to withdraw from the market yesterday because of the weakened stock market, not the company itself. There is no timetable when Xiao Nan Guo Restaurants will start again. (Hong Kong Economic Times A14)

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