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1. C C Land to inject RMB 300 mln in Chengdu JV
C C Land Holdings Ltd<1224>, a Chongqing-based real estate developer, has announced that it plans to inject RMB 300 million into a joint venture in Chengdu, Sichuan Province to increase its stake to 80% stake from the previous 50%, sources reported. The JV, which was set up by C C Land and Guojia Real Estate...
19 Nov 2009
2. Hang Seng Index down 0.86% on Thu
Hong Kong stocks fell on Thursday. The Hang Seng Index, the benchmark, opened 54 points higher at 22,894. After touching the intraday low of 22,587.18 points, the blue-chip Hang Seng Index fell 197.17 points or 0.86% to close at 22,643.16. Mainboard turnover rose to HK$69.28 billion. The Hang Seng China...
19 Nov 2009
3. HK unemployment rate down to 5.2% in Aug-Oct
Hong Kong's seasonally adjusted unemployment rate was 5.2% during the period from August to October, 0.1 percentages point lower than 5.3% in the three-month period from July to September, according to the latest labor force statistics released by the SAR's Census and Statistics Department.Decreases in the...
19 Nov 2009
4. Wuzhou Communications to buy 68% stake in Tanbai Expressway
Guangxi Wuzhou Communications Co Ltd<600368>, which is principally engaged in the operation of toll roads, on Tuesday announced that it has inked a contract with parent Guangxi Highway Administration Bureau to acquire a 68% stake in Guangxi Tanbai Expressway Co Ltd for up to RMB 1.5 billion, sources...
19 Nov 2009
5. Hang Seng Index down 0.32% on Wed
Hong Kong stocks fell on Wednesday. The Hang Seng Index, the benchmark, opened 60 points higher at 22,974.36. After touching the intraday low of 22,645.74 points, the blue-chip Hang Seng Index fell 73.82 points or 0.32% to close at 22,840.33.Mainboard turnover rose to HK$76.69 billion.The Hang Seng China...
18 Nov 2009
6. Poly HK buys land in 2 mainland cities
Poly (Hong Kong) Investments Ltd<0119>, a subsidiary of state-owned China Poly Group Corp, on Monday announced that it won the bids for two pieces of land, one in Guangzhou, Guangdong Province and one in Liuzhou, Guangxi Zhuang Autonomous Region for RMB 2.12 billion in total, sources reported.The...
17 Nov 2009
7. Hong Kong Airport sees cargo volume rise 1.3% in Oct
Cargo volume at Hong Kong International Airport in October grew 1.3% year on year, reflecting the first rise in 14 months, the Airport Authority Hong Kong said on Sunday, sources reported.The airport handled 324,000 tons of cargo last month, said the authority in a statement.In the first ten months of this year, the...
17 Nov 2009
8. Sichuan Meifeng Chemical to issue RMB 650 mln in bonds
Sichuan Meifeng Chemical Industry<000731>, a local chemicals producer, over the weekend announced that it will issue up to RMB 650 million worth of convertible bonds, sources reported.The convertible bonds will have a coupon rate between 0.5% and 3%. The new bonds will be issued at the par value of RMB 100...
17 Nov 2009
9. Beijing Yanjing Beer to invest RMB 600 mln in Yunnan plant
Beijing Yanjing Beer Group Corp, the parent of Beijing Yanjing Brewery Co Ltd<000729>, recently announced that it will invest RMB 600 million in a new beer production base in Kunming, the capital of Yunnan Province, sources reported.The new base, which will cover a land area of 15 hectares, will start...
17 Nov 2009
10. Li Ka-shing raises stake in Hutchison Telecom HK to 62.04%
Hong Kong business tycoon Li Ka-shing recently raised his shareholding in Hutchison Telecommunications Hong Kong Holdings Ltd<0215> to 62.04% from the previous 61.99%, according to the Stock Exchange's SDI information.The information showed that Li on Nov. 11 bought 2.4 million shares...
17 Nov 2009
11. Hang Seng Index down 0.13% on Tue
Hong Kong stocks dipped on Tuesday. The Hang Seng Index, the benchmark, opened 56 points higher at 23,000. After touching the intraday low of 22,798.02 points, the blue-chip Hang Seng Index dipped 29.83 points or 0.13% to close at 22,914.15.Mainboard turnover rose to HK$71.59 billion.The Hang Seng China...
17 Nov 2009
12. China Minmetals to buy stake in Hunan Nonferrous Metals
China Minmetals Corp, the largest iron and steel trader in China, will soon acquire a stake in Hunan Nonferrous Metals Corp Ltd<2626>, China's top zinc producer, said Zhao Cuiqing, a senior official with the China Nonferrous Metal Industry Association, on Saturday.Zhao said in a meeting in Shanghai that the...
16 Nov 2009
13. Hang Seng Index up 1.73% on Mon
Hong Kong stocks rose on Monday. The Hang Seng Index, the benchmark, opened 236.36 points higher at 22,789.99. After touching an intraday low of 22,770.69 points, the blue-chip Hang Seng Index rose 390.35 points or 1.73% to close at 22,943.98.Mainboard turnover rose to HK$76.36 billion.The Hang Seng China...
16 Nov 2009
14. Hong Kong's GDP down 2.4% in Q3
Hong Kong's gross domestic product saw a decline of 2.4% year on year in the third quarter, a drop less than the 3.6% decrease recorded in the second quarter, according to statistics released by the government of the Hong Kong Special Administrative Region.The third-quarter decline in GDP was more...
16 Nov 2009
15. Shanda, Hunan TV to set up RMB 600-mln JV
Shanda Pictures Ltd, a fully-owned subsidiary of Chinese online game operator Shanda Interactive Entertainment Ltd, announced Thursday that it has formed a strategic cooperation with Hunan Broadcasting and Television Group, also known as Hunan TV, one of the leading entertainment brands...
16 Nov 2009
16. Tethys Petroleum mulls HK listing in Q1 of 2010
Canada-based oil and gas company Tethys Petroleum has filed an application with the Hong Kong Stock Exchange to list on the bourse in the first quarter of 2010, the Oriental Daily reported on Friday, citing market sources as saying.The upstream energy firm, which focuses on Central Asia, plans to raise as...
16 Nov 2009
17. Controlling shareholder may sell stake in Taifook Securities
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, announced that its controlling shareholder, NWS Holdings Ltd<0659>, is in talks to sell part or all of its shareholding in the company, according to Taifook Securities' filing with the Hong Kong Stock Exchange.NWS Holdings is...
13 Nov 2009
18. Hang Seng Index finishes 0.11% higher at midday
Hong Kong stocks climbed 24.2 points or 0.11% to end the morning session at 22,421.77 points, with mainboard turnover standing at HK$41.24 billion.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange...
13 Nov 2009
19. China's Umessage eyes listing in Hong Kong or US
Umessage Co Ltd, a Beijing-based mobile telecom services provider, plans to launch an initial public offering in Hong Kong or the U.S. in two years' time, a top company executive said on Wednesday, Reuters reported. The executive, who declined to be named, also said the company expects to gain US$100 million...
13 Nov 2009
20. Cathay Pacific passenger volume down 3.9% in Oct
Cathay Pacific Airways Limited<0293>, the largest airline in Hong Kong, on Wednesday announced that its passenger volume fell 3.9% from a year ago in October, sources reported.The carrier said in a statement that the combined passenger numbers for Cathay Pacific and its affiliate Dragonair were 2.01 million last...
13 Nov 2009
 
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