FIH (02038.HK) +0.090 (+2.233%) Short selling $6.72M; Ratio 5.342% issued a positive profit alert, expecting to record a substantial increase of 80% to 100% in net profit compared with 2013 (US$77.28 million). The increase was mainly due to the corresponding continuous enhancement of the group’s yield and operation efficiency; control of the cost of sales and general and administrative expenses; and optimisation of the research and development resources.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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