Anhui Conch Cement (914 HK) shares dropped 8.2pc to HK$29.2 each yesterday. West China Cement shares fell 9.8pc to HK$1.85 each. (Hong Kong Economic Times A11)
Bright Smart Securities (1428 HK) and Commodities Group announced for the six months ended September 30, 2011, the group is expected to record a significant growth in its profit. This increase is mainly attributable to the improvement in the turnover of the group as a result of the expanded branch network which helped broaden customers’ base. (SingTao Daily B5)
China Merchants Bank (3968 HK) announces that it has received an approval from the SASAC. The commission agreed to its rights issue plan and the cash subscription by China Merchants Group, China Communications Construction Group and their subsidiaries concerned and China Ocean Shipping (Group) and China Shipping (Group) and their subsidiaries concerned, of the rights shares in full in respect of their respective corresponding entitlements upon implementation of the rights issue. (Hong Kong Economic Journal 21)
China Outdoor Media (254 HK) says it is expected that its consolidated results for the year may record a significant drop as compared to those for last year. (Hong Kong Economic Journal 21)
CNOOC Limited (883 HK) shares ended at HK$13.84 each yesterday, down 8.9pc. BOC International lowers its rating on the company to hold. (Hong Kong Economic Times A3)
HKC (Holdings) (190 HK) announces a disposal of 76.6% stake in the Palace Hotel (王府飯店), Peninsula Beijing Hotel (北京王府半島酒店), No.8 Jin Yu Hutong, Dongcheng District, Beijing, at a consideration of HK$578 million. (Hong Kong Economic Journal 21)
PetroChina (857 HK) has beaten its rivals from Australia, Britain, America and Pakistan to win a bid for oil exploration in a field located in the northern Afghanistan. (SingTao Daily B4)
Regent Manner International Holdings Ltd. (1997 HK) announced that its unaudited net consolidated turnover in August was approximately US$139.6 million, representing an increase of approximately 36 percent as compared with that of the same period last year. (SingTao Daily B6)
Tai Shing International (8103 HK) plans to acquire 100 percent equity interest in Joint Bridge at a consideration of HK$40 million, which shall be satisfied by the allotment and issue of the company. (SingTao Daily B6)
Yuexiu Property Company (123 HK) acquired the Science City Land Parcel located in Guangzhou City, Guangdong Province. The gross floor area was approximately 224,000 sq.m. The acquisition price was RMB1.41 billion. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
