Monday, October 3, 2011

Hong Kong Stock Market Wrap Sept. 30th, 2011

Ma Yun, chairman of (1688 HK), says the company is “very interested” in buying Yahoo!. The two companies have had discussions regarding the matter but fail to give any timetable. (Hong Kong Economic Times A12)

China Coal Energy Company Ltd (1898 HK). announced that its two underground mines located at Anjialing in Shanxi Province resumed production after a two-week suspension of production. The other three mines are commencing their safety inspection. (Hong Kong Economic Times A12)

CHIHO-TIANDE Group (976 HK) has received US$70 million worth of mid-term working capital loans from China Development Bank at the end of September. The amount will be mainly applied in corporate business expansion and daily business turnovers such as purchase of raw materials. (SingTao Daily B12)

Chu Kong Petroleum And Natural Gas Steel Pipe Holdings Ltd. (1938 HK) has received new orders of 186,000 tonnes of steel pipes in this third quarter, in addition to the total orders of 355,000 tonnes as at December 31, 2010 and the total orders of 215,000 tonnes for the first half of 2011. The company has received orders of 755,000 tonnes as at September 30, 2011. (Hong Kong Economic Journal A14)

Hang Seng Bank (11 HK) introduces a preferential interest rate for Hong Kong dollar time deposits. Banking customers may enjoy a preferential annual interest rate of 1.8-2.2 pct for 4-month, over HK$200,000 savings accounts. (Hong Kong Economic Times A12)

Carry Wealth Holdings (643 HK) announces its decision to temporarily cease the operation of its factories in Indonesia. (SingTao Daily B3)

China Aoyuan Property (3883 HK) acquired through public auction a parcel of land with a site area of 66,700 sqm at Pengjiang District, Jiangmen through a subsidiary owned as to 51pc by it at the minimum bidding price of RMB203,000,000. (SingTao Daily B3)

Kingsoft Corporation (3888 HK) announces that Donghui Wang has resigned as its executive director and chief financial officer and Shun Tak Wong has been appointed as its chief financial officer. (Hong Kong Economic Journal B1)

Newtree Group Holdings (1323 HK) announces that Able Bright has entered into a share charge, creating a charge over 276,666,200 shares out of 476,666,000 shares held by it in favour of Sun Finance Company as security for a 6-month term loan of HK$150,000,000 to independent third parties. (Hong Kong Economic Times A14)

Yanzhou Coal Mining Company (1171 HK) announces that its transaction to acquire through a subsidiary 19 potash mineral exploration permits in the Province of Saskatchewan, Canada for US$260 million has been approved by the two relevant countries. (Hong Kong Economic Times A14)

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