Agile Property (3383 HK) recorded contracted sales of RMB2.3b in August, up 9.5pc mom. Contracted sales for the first 8 months amounted to RMB20.1b, up 43pc yoy. (Hong Kong Economic Times A12)
China Longyuan Power Group (916 HK) announces that, according to preliminary statistics, the power generation of the group for August on consolidated basis was 1,744,128MWh, up 1.91pc yoy. (Hong Kong Economic Journal 25)
Convoy Financial Services Holdings Limited (1019 HK) expects the acquisition of a financial services company in Shenzhen to be completed within three weeks. This financial services company has a national insurance agent license and now plans to set up an insurance-support and resources center in Nanjing, China. (SingTao Daily B4)
Country Garden (2007 HK) booked contracted sales of RMB29.8b for the first 8 months, surging 62pc yoy, meeting 69.3pc of its full-yr target of RMB43b. (Hong Kong Economic Times A12)
IPO: Monogolia's mining company Erdenes Tavan Tolgoi LLC plans its initial public offering in next year to raise over US$3 billion (approximately HK$23.4 billion). Khurelbaatar Chimed, Minister of Mongolia, said the company has not decided where to go public. Earlier reports said the company planned the public listing in Hong Kong, London and Ulaanbaatar. (SingTao Daily B5)
Man Yue Technology Holdings Ltd. (894 HK) said, for the first half of 2011, as the cost of materials has risen over 20 percent, the average selling price of products has saw double-digit growth to maintain its gross profit margin. Due to good contracts and orders in July and August, the company may continue a 20.6 percent increase in its second half-year income.
(SingTao Daily B4)
Foreign sources reported that China National Petroleum Corp, (857 HK) the parent of PetroChina, is expected to raise an aggregate amount of RMB55 billion through the issuance of RMB20 billion corporate bonds, RMB15 billion 1-year short-term financing bills and RMB20 billion mid-term notes through public tender. PetroChina has not given any reply regarding this matter. (SingTao Daily B5)
SBI Holdings, Inc. (6488 HK) considers the spin-off and a possible listing of its SBI Mortage, a subsidiary in its mortagage loan business, on the KOSPI market of the Korean Exchange. SBI Mortgage has submitted a listing application to the Korean Exchange on August 30, 2011. (SingTao Daily B6)
Simsen International (993 HK) announces that its indirectly wholly-owned subsidiary Simsen Capital Finance has agreed to provide a term loan of HK$100,000,000 to Hsieh Chih Chen, a citizen of Taiwan. Interest will accrue at the rate of 24pc per annum. (Hong Kong Economic Journal 10)
Xinjiang Goldwind Science & Technology (2208 HK) announces that it received an approval from the CSRC yesterday for an issue of public corporate bonds with an aggregate principal amount of not more than RMB5.0 billion. The first tranche with an aggregate principal amount of not more than RMB4.0 billion will be issued. (Hong Kong Economic Journal 25)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
