The turnover of China Overseas Land & Investment (688 HK) decreased by 18 pc in September. For the first three quarters, the operating profit reached HK$16.73 billion, up 46.8 pc year-on-year. (Singtao Daily B4)
China Pacific Insurance (2601 HK) announced for the third quarter this year, its net profit reached RMB1.2 billion, up 35.7 pc. The basic earnings per share were HK$0.14. (Singtao Daily B5)
Great Wall Motor Company (2333 HK) expects its net profit will record an increase of over 50 pc for the nine months ended 30 September 2011, benefiting from rising sales of automobiles during the period. (Singtao Daily B5)
Guoco Group (53 HK) bought a total of 19.8 million shares of the Bank of East Asia in less than one month, taking its shareholding in the bank to around 14.03pc, according to data from the HKEx. (Hong Kong Economic Times A11)
Qin Jia Yuan Media Services (2366 HK) is considering certain fund raising exercises but they may or may not proceed in the end. (Hong Kong Economic Journal A10)
Rosedale Hotel (1189 HK) has entered into a MOU involving a proposed disposal of its stake in Rosedale Hotel Kowloon and a proposed lease back of the hotel. The total consideration will be roughly HK$1,314,625,000. (Hong Kong Economic Journal A10)
Standard Chartered’s (2888 HK) biggest shareholder Temasek announces an issue of up to S$800 million zero-coupon bonds that can be exchanged into Standard Chartered shares. Temasek currently holds 18.2pc stake in the bank. (Hong Kong Economic Times A11)
Swire Pacific Ltd. (19 HK) announced to issue US$3.5 billion medium term notes and appointed HSBC and Morgan Stanley as arranging banks. (Singtao Daily B5)
Temujin International Investment (204 HK) expects a profit for the 6 months ended 30 September 2011 mainly on a gain on redemption of CBs during the period. (Hong Kong Economic Journal B1)
Lanson Place Hospitality Management Limited, (369 HK) a subsidiary of Wing Tai Properties Ltd., has singed a new contract to manage serviced apartments under the Luxiangyuan Project, Shanghai. Lanson Place manages and operates nine projects in Asia. (Singtao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
