Monday, September 12, 2011

Hong Kong Stock Market Wrap Sept. 9th, 2011

China Overseas Land and Investment (688 HK) announced its contract sales for August hit HK$4.45 billion, down 11.2 percent year-on-year. And the sales area was 332 000 sq m, down 12.9 percent year-on-year. (Hong Kong Economic Times A9)

China Resources Land Ltd. (1109 HK) recorded its contract sales of RMB4 billion, up 57.6 percent. (Hong Kong Economic Times A9)

The new contract sales for China State Construction International (3311 HK) for the first eight months amounted to HK$25.73 billion, up 49 percent year-on-year. (Hong Kong Economic Times A9)

Sune Vision (8008 HK) has submitted a formal application to the Hong Kong Stock Exchange for the transfer of listing from the growth enterprise market to the main board. (Hong Kong Economic Journal P4)

Yuzhou Properties (1628 HK) announced the contract sales for August reached RMB689 million, up 1.42x. The average selling price was down 35.7 percent to RMB6328 sq m. (SingTao Daily B4)

China Netcom Technology (8071 HK) announces that its subsidiary Corporation will dispose to chairman Leung Ngai Man the entire issued share capital of and the sale debts of Business Essence Technology at HK$7,965,241. (SingTao Daily B9)

Enviro Energy International (1102 HK) announces that it appoints Wong Sum Lok Sam to be Senior Vice President of CCST Singapore, its wholly owned subsidiary, with effect from 10 September. (Hong Kong Economic Journal B1)

Hao Tian Resources Group (474 HK) announces a dispose of the entire equity interest of Wuhai City Menggang for RMB1,503,000,000. The purchaser shall pay the group a deposit in the sum of RMB300,000,000. (SingTao Daily B9)

Hongguo International Holdings (1028 HK) opens its retail book today with an offer price between HK$2.3 and 3.24. The maximum offer price per board lot amounts to HK$3272.66. (Hong Kong Economic Journal A10)

Rojam Entertainment Holdings (8075 HK) announces that Wong Kam Choi resigns as its independent non-executive director and ceases to be a member of both the audit committee and the remuneration committee. (Hong Kong Economic Journal B1)

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