HUTCHISON (00013.HK) +2.100 (+2.027%) Short selling $67.78M; Ratio 13.815% 's
entering into the formal agreement in regard to the acquisition of the
UK mobile telecom operator O2 is believed to be a positive step for the
company, JP Morgan said in a report. Given that the transaction is still
pending the approval from the regulatory authority (may take at least
one year) and the synergy effect will not be seen immediately, so the
deal will not push up HUTCHISON's share price remarkably in the short
term.
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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