CHALCO Hong Kong (2600 HK), a subsidiary of Aluminum Corporation of China, plans to issue up to US$1.2 billion, 10-year bonds. (SingTao Daily B6)
Beijing Enterprises Water (371 HK) has entered into a term loan facility agreement with a bank for a term loan facility in the amount of HK$250,000,000, which is for a term of 48 months starting from the date of the agreement. (Hong Kong Economic Journal 9)
China Everbright International (257 HK) has signed a termination agreement and return agreement with the Jiangyin State-owned Assets Commission. The Sewage Piping Network Transfer Agreement has been terminated by mutual consent and the commission has agreed to refund a total sum of RMB561,329,396.78 to the project company. (Hong Kong Economic Journal 9)
Shares in Yurun Food Group (1068 HK) fell sharply 16 percent yesterday, starting a small scale of worrying sell-offs, after a Chinese media report said its pork products were contaminated with traces of clenbuterol, a banned lean-meat additive. Yurun Food clarified that it immidiately disposed of the problematic raw pork but denied banned traces left in its products. (SingTao Daily B4)
Chongqing Machinery & Electric (2722 HK) announces that it has approved its subsidiary Chongqing General Industry to buy 100pc equity interest in Da’an Chenfei at a total consideration of RMB75,000,000. (Hong Kong Economic Journal 26)
After the HK$515 million sale of Kosmopolito Hotels, Far East Consortium Int’l (35 HK) started focusing on property development in Hong Kong, Mainland China and Australia. The company plans selling its hotels with less than 200 rooms and has prepared the disposal of up to two more hotels. (SingTao Daily B6)
IPO: Hongguo International Holdings Ltd. kicks off the roadshow today with an entry fee of HK$3272.7. The company will launch its initial public offering next Monday. (SingTao Daily B5)
New Focus Auto Tech (360 HK) announces that it is negotiating with an entity in connection with a possible acquisition of interests in a company mainly engaged in the wholesale of auto accessories in China.
(Hong Kong Economic Journal 26)
Powerlong Real Estate (1238 HK) announces an issue of HK$1,000 million aggregate principal amount of senior notes due 2014, bearing interest at a rate of 13.8pc per annum, to China Life Trustees. The subscription price is 99.45pc of the principal amount of the notes. (Hong Kong Economic Times A12)
TCL Multimedia Technology (1070 HK) recorded a total sales of TVs increased by 28.8 percent to 1,347,000 sets in August and an increase of 10.4 percent to 8,796,000 sets for the first eight months. (SingTao Daily B6)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
