Tontine Wines<0389>, which is based in Ji'an, Jilin Province, debuted on the Hong Kong Stock Exchange today and saw its shares surge 18.4% on its first day of trading. Shares of the company started trading at HK$1.59, a price higher than the IPO price of HK$1.25. They surged 25.6% after the opening and climbed...
Mainland real estate developer Fantasia Holdings Group Co<1777> raised HK$3.18 billion via an initial public offering in the Hong Kong Stock Exchange, according to sources familiar with the matter. The Shenzhen-based company, which focuses on building luxury apartments and is set to begin trading on the...
China Overseas Land & Investment Ltd<0688> yesterday announced that it reaped HK$21.05 billion in operating revenue in the first nine months of this year and that its operating profit was HK$7.18 billion, sources reported. In the third quarter of this year, the Hong Kong-listed firm realized HK$5.57 billion in...
Shenzhen-based property developer Excellence Real Estate plans to raise up to HK$7.8 billion from an initial public offering in Hong Kong, sources reported.According to insiders familiar with the situation, the company expects to issue 3 billion shares, or 25% of firm's enlarged share capital, at a price ranging from...
Poly (Hong Kong) Investments Ltd<0119>, a subsidiary of China Poly Group Corp, has raised US$395 million by issuing 380 million new shares, sources reported.The Hong Kong-listed company sold the shares for HK$8.10 apiece, which is at the high end of the firm's proposed price range.Previously, Poly...
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, reported a net profit of HK$189 million for the 18 months ended Jun. 30, 2009, down 61% year on year, according to the company's statement filed with the Hong Kong Stock Exchange.Earnings per share were 27.61 HK cents....
* Shares of Peak opened at HK$3.70, below IPO price * Sequoia bought 8pct of Peak for HK$0.5 per share in 2007 * Sequoia says to invest more in China consumer sectors (Adds comments, investment...
China Resources Cement Holdings Ltd<1313>, the largest cement producer in South China, has raised HK$6.39 billion through an initial public offering on the Hong Kong Stock Exchange, the Wall Street Journal reported, citing one source familiar with the matter as saying.The company sold 1.64 billion shares at...
* HK benchmark index sets high for year above 21,900 pts * Banks lead rise with HSBC up 4 pct to new high * China stocks up 2 pct ahead of national day holiday (Updates...
* HK benchmark index sets high for year above 21,700 pts * Cathay Pacific leads gains after HAECO stake sale * Metals, energy counters key drivers for China market (Updates to midday) HONG KONG, Sept...