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$6.39 billion through an initial public offering on the Hong Kong Stock Exchange, the Wall Street Journal reported, citing one source familiar with the matter as saying.The company sold 1.64 billion shares at...
* HK benchmark index sets high for year above 21,900 pts * Banks lead rise with HSBC up 4 pct to new high * China stocks up 2 pct ahead of national day holiday (Updates...
* HK benchmark index sets high for year above 21,700 pts * Cathay Pacific leads gains after HAECO stake sale * Metals, energy counters key drivers for China market (Updates to midday) HONG KONG, Sept...
* HK shares fall; mining and oil counters weigh * China stocks firm as funds from MCC IPO unfrozen * Chinese tyre makers fall on China/U.S. trade spat (Update to midday) HONG KONG, Sept 14...
The Hong Kong Monetary Authority (HKMA), Hong Kong's de facto central bank, on Tuesday said that the total assets of Hong Kong's Exchange Fund increased by HK$ 114.7 billion from the end of April to HK$1.76 trillion at the end of May.The HK$114.7 billion comprised HK$98.1 billion in foreign currency...