Yitai Coal (03948) receives Hi-tech Enterprise Certificate Inner Mongolia Yitai Coal (03948) said it has recently received the Certificate for Hi-tech Enterprise for a term of three years. The company shall handle the matters relating to the preferential tax treatment policy for hi-tech enterprises with competent taxation authorities according to the statutory procedures. However, the entitlement of the company to enjoy the enterprise income tax at the rate of 15% in accordance with the preferential tax treatment policy is still subject to the approval for filing with the competent taxation authorities.
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CALC (01848) to buy 50 Airbus aircraft China Aircraft Leasing (CALC) (01848) said it agreed to purchase 50 Airbus A320neo series aircraft. The aggregate list price for the Airbus aircraft is around US$5.42 billion (equivalent to about HK$42.28 billion). It is estimated that the Airbus aircraft will be delivered in stages to CALC in 2023. With this Transaction, the Group's total order book will be increased to 252 aircraft: 202 from Airbus and 50 from Boeing.
CDB Leasing (01606) to buy five vessels for US$231m China Development Bank Financial Leasing (01606) said it entered into five shipbuilding contracts for the construction and purchase of five Newcastlemax dry bulk carriers of 208,000 metric tons deadweight. The total consideration of the purchase is US$231.4 million. hina Development Bank Financial Leasing intends to lease the vessels to an independent third party (as the lessee) to carry out operating lease business. The development of vessel operating lease business is an important measure for China Development Bank Financial Leasing to expand its variety of vessel businesses as well as to enhance its competitiveness in vessel business market.
Risecomm (01679) to buy industrial automation systems biz Risecomm Group Holdings (01679) said it agreed to acquire the entire issued share capital of Green Harmony Limited for HK$500 million. The target company indirectly holds the entire equity interest in Beijing Hongteng Weitong Technology Co., Ltd. Beijing HTWT is principally specialised in the design and implementation of industrial automation systems, particularly in the area of maintenance and safety integrity system (MSI) for the petroleum and petrochemicals industry by utilising its own technologies and intellectual property rights. Its major customers include one of the largest state-owned petroleum conglomerates in the PRC.
BG Blue Sky (06828) to buy stake in PetroChina Jingtang LNG Beijing Gas Blue Sky (06828) said it agreed to acquire the entire issued share capital of Beijing Gas JingTang Company Ltd. at Rmb1,008 million from Beijing Gas Group Company Limited. The target group holds 29% interests in PetroChina Jingtang LNG Co., Ltd. PetroChina Jingtang is principally engaged in provision of port facilities for vessels, provision of cargo handling services, warehousing and loading services within the port area, and receiving, storage and re-gasification of liquefied natural gas. The Group expects that the acquisition would promote the Group's strategic development of the entire business chain of liquefied natural gas, create synergies among the Group's different business segments and enhance the Group's competitiveness and overall profitability.
Hospital Corp (03869) may buy hospital in Zhejiang Hospital Corporation of China (03869) said it entered into a legally binding letter of intent to purchase the entire equity interest in a holding company of a management company which is the founder of a not-for-profit hospital located in Zhejiang province subsequent to certain reorganization. The hospital, located in Zhejiang province, is in close proximity to the hospitals that the Group manages or operates. The proposed acquisition allows the Group and the hospital to create a synergy effect and benefit from the resultant economies of scale, including shared medical resources and intra-group cooperation.
Short Selling Turnover (Main Board) up to morning close(2) Short Selling Turnover (Main Board) up to morning close(2) Turnover CODE NAME OF STOCK (SH) ($) -------------------------------------------------------- 1548 GENSCRIPT BIO 366,000 7,554,200 1558 HEC PHARM 400 10,890 1566 CHINA ANIMATION 6,000 17,950 1569 MINSHENG EDU 2,000 3,140 1579 YIHAI INTL 20,000 146,000 1585 YADEA 14,000 37,840 1589 CNLP 1,000 2,480 1618 MCC 59,000 135,700 1622 REDCO PPT 116,000 411,320 1628 YUZHOU PPT 574,000 2,377,100 1658 PSBC 553,000 2
Short Selling Turnover (GEM) up to morning close Short Selling Turnover (GEM) up to morning close Turnover CODE NAME OF STOCK (SH) ($) -------------------------------------------------------- 8083 INNOVATIONPAY 176,000 75,300 8102 LI BAO GE GP 10,000 4,250 8137 HONBRIDGE 80,000 141,980 -------------------------------------------------------- * Hong Kong Exchange Website: www.hkex.com.hk Total No. of Securities recording Short Selling : 3 Total No. of Designated Securities recording Short Selling : 3 Short Selling Turnover Total Shares (SH) : 266,000 Short Selling Turnover Total Value ($) : HKD 221,530 *Total No. of non-Designated Securities recording Short Selling: 0 Short Selling
Huiyin Smart Comm (01280) names Yuan Li as new Chairman Huiyin Smart Community (01280) said Cao Kuanping has resigned as the chairman of the Board but remains as an executive director and the chief executive officer, and executive Director Yuan Li has been appointed as the chairman of the Board in succession to Cao, with effect from today. In view of the Group's continuous business growth in line with its clear strategic direction, and the fact that Yuan has demonstrated outstanding management and leadership capabilities along with his thorough understanding of the Group's strategy since his appointment as the executive director of the Company, Cao decided to resign as chairman of the Board in succession by Yuan, who will lead the Group in accelerating its development and creating more value for the shareholders of the Group.
West China Cement (02233) sees huge growth in annual net West China Cement (02233) said it expects to record a substantial increase in net profit for the year ended 31 December 2017 as compared to the corresponding period of 2016. Such expected growth is due to the factors including, cement average selling prices have increased moderately in 2017 as compared to 2016. As a result, revenue of the Group for the eleven months ended 30 November 2017 recorded an increase of about 28% as compared to that for the eleven months ended 30 November 2016; and as a result of the rise in the value of the RMB against the USD in the month of November 2017, as at 30 November 2017, the Group has recorded an unaudited foreign exchange gain of Rmb125.9 million, mainly arising from the foreign exchange translation from USD to RMB of the 2019 senior notes issued by the company in September 2014. This is compared with a foreign exchange loss of the Group of Rmb157.5 mi
Arts Optical (01120) expects substantial loss for FY2017 Arts Optical (01120) said it expects to record a substantial loss for the year ending 31 December 2017, as compared to the profit of HK$835.8 million for the previous financial year. Such profit was mainly attributable to the net gain relating to the disposal of land and premises of HK$1,218.8 million and the net economic compensation for past service to the employees of the Group of HK$285.2 million which was recognised as an administrative expense. If the one-time gain and expense were excluded, the Group would instead report a net loss of HK$97.8 million for the year ended 31 December 2016. The expected loss for 2017 is mainly attributable to the negative impact on the profitability of the Group arising from diseconomies of scale as the Group's consolidated revenue decreased by 18% from HK$1,141.2 million in the first eleven months of 2016 to HK$932.9 million in the first eleven m
China VTM Mining (893) names Hao Xiemin financial controller China Vanadium Titano-Magnetite Mining (00893) said Zheng Zhiquan has resigned as an executive Director and the financial controller with effect from 1 January 2018 due to his desire to devote more time to his personal endeavours. Hao Xiemin has been appointed as an executive Director and the financial controller in place of Zheng Zhiquan with effect from the same day. Hao has been the financial manager of the company since January 2012.
CRRC (01766) secures Rmb68bn contracts from Oct to Dec CRRC Corporation (01766) said it has entered into 13 contracts for the period from October to December 2017, with an aggregate value of about Rmb68 billion. The total value of the aforementioned contracts accounts for around 29.6% of the operating revenue of CRRC in 2016 under the PRC accounting standards.
PT Int'l Dev (00372) Deputy Chairman Chau Mei Wah resigns PT International Development (00372) said Chau Mei Wah, Rosanna resigned as an Executive Director and ceased to be the Deputy Chairman of the Board with effect from today as she needs to devote more time to her other business engagements. Chau confirmed that she has no disagreement with the Board.
Rykadan Capital (02288) names Yip Chun Kwok as COO Rykadan Capital (02288) said Yip Chun Kwok, an executive Director and the Chief Financial Officer, will be appointed as Chief Operating Officer with effect from 1 January 2018. Yip will step down from his role as Chief Financial Officer and will continue to as an executive Director. Lo Hoi Wah Heywood will be appointed as Chief Financial Officer to succeed Yip with effect from the same day
EB GRAND CHINA (03699.HK) Hopes to Support Domestic Development by Exploring Overseas Mkt EB GRAND CHINA (03699.HK) Chairman and Chief Executive Officer Liu Jia said at the press conference that the current development strategy of the company is to support domestic investment development leveraging stable rental income from London, and hence it is not case that the company will withdraw its capital in China.
SKL (00974.HK) Changes Auditors SKL (00974.HK) -0.010 (-0.341%) announced that BDO Limited resigned as auditors of the company with effect from 29 December 2017. SHINEWING (HK) CPA Limited was appointed as the new auditors of the company to fill the casual vacancy following the resignation of BDO and to hold office until the conclusion of the next annual general meeting of the company.
Centa-City Leading Index CCL Climbs to 165.62; Accumulates 13.2% Rise for Full Year Centa-City Leading Index (CCL) last stood at 165.62, setting all-time high for the third week, up 0.19% weekly. The index hit five new highs in seven weeks with sharper uptrend. CCL (large units) last posted at 163.73, being the second high on record, up 0.61% from the previous week. CCL Mass added 0.17% weekly to 167.95. CCL (small and medium units) gained 0.12% weekly to 165.99. Both CCL Mass and CCL (small and medium units) hiked for five weeks in a row, with accumulated rise of 1.98% and 1.95%. Wong Leung Sing, senior associate director at research department of Centaline Property said Wong Chuk Hang Phase II was awarded at sky-high price while CCL Mass of Hong Kong Island marked a new high again after 16 weeks. CCL Mass of Hong Kong Island was last at 176.92, up 2.96% weekly. Property market had picked up for eight straight weeks. Wong believed that housing pr
HSI Up 55 pts; AIA Soars Over 2% On the last trading day of 2017, Hong Kong stocks fared well. Hang Seng Index rose for five consecutive trading days to approach nearly 30,000 mark. The benchmark index opened higher 50 pts and once escalated over 130 pts in the early trade to peak at 29,997. It saw a narrowed growth afterwards and concluded the day higher 55 pts or 0.2% to 29,919. Hang Seng China Enterprises Index lifted 25 pts or 0.2% to 11,709. Market turnover totaled $77.52 billion. For the whole year, Hang Seng Index delivered a cumulative rise of 7,918 pts or 36% and Hang Seng China Enterprises Index gained 2,314 pts or 24.6%. Numerous bureaus in Mainland China outlined governance over breaches and unhealthy content of online games. TENCENT (00700.HK) -2.200 (-0.539%) Short selling $381.50M; Ratio 5.658% slipped 0.5%. Some mobile game stocks were also under pressure. BOYAA (00434.HK) -0.050 (-1.520%) , NETDRAGON (00777.HK) -0.200 (-0.913%)
SFC: KNK Holdings' (08039) shares highly concentrated The Securities and Futures Commission (SFC) has recently completed an enquiry into the shareholding of KNK Holdings (08039) . The market watchdog's findings suggested that as at 15 December 2017, 17 shareholders held an aggregate of 107.104 million shares of KNK Holdings, representing 25.62% of the company's issued shares. Such shareholding, together with the 303.624 million shares (representing 72.64% of the issued shares) held by three substantial shareholders of the company, represented 98.26% of the issued shares as at 15 December 2017. Therefore, only 7.272 million shares (representing 1.74% of the issued shares) were held by other shareholders. In view of the high concentration of shareholding in a small number of shareholders, the price of the shares of the company could fluctuate substantially even with a small number of shares traded.
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of
Bank of Gansu (02139) pricing IPO at $2.61-2.77 Bank of Gansu Co., Ltd. (02139), the only provincial city commercial bank in Gansu Province, the PRC, is expected to start its initial public offering tomorrow. Details of the IPO are as follows: Shares for offer: 2.212 billion H shares (90% for international placing and 10% for Hong Kong public offering), with an option to offer an additional 15% shares Offer price: HK$2.61-2.77 per H share Gross proceeds: HK$5.773-6.127 billion Net proceeds: HK$5.696 billion (assuming an offer price of HK$2.69 per share) Use of net proceeds: for supplementing capital to support continued business growth The shares for Hong Kong public offering will be increased: - to 30% of all global offer shares if the Hong Kong public offer shares are over-subscribed by 15x or higher; - to 40% of all global offer shares if the over-subscription is 50x or higher; and - to 50% of all global offer shares if the over-subscription is 100x or h
Hosa Int'l (02200) completes acquiring stake in FitHub Hosa International (02200) announced that its subscription of 30% of the enlarged equity interest in Beijing Hongyu Chuangxin Technology was completed on 19 December 2017. Beijing Hongyu Chuangxin Technology is primarily engaged in the development of FitHub, a sports and fitness mobile application offering integrated fitness services, including fitness videos, fitness instructor live programs and social community. As at 26 December 2017, FitHub had 2.1 million users and boasted a library of 350 video clips with total broadcasting hours of 270 hours and over 24 million visits.
Elife Hldgs (00223) cooperates with China Post Elife Holdings (00223) announced that it entered into a strategic cooperation agreement with state-owned enterprise China Post Group Corporation Beijing Dongcheng District Branch Company Pursuant to the three-year agreement, the two companies will initiate strategic cooperation primarily in financial services, logistics and distribution, e-commerce and brand promotion.
Canvest Env (01381) to buy Sichuan WTE plant at Rmb87.05m Canvest Environmental Protection (01381) said it agreed to acquire the entire equity interest in Hangzhou Langneng Environmental Company Limited at about Rmb87.05 million. The target company indirectly holds 50% equity interest in Jianyang Yuefeng Environmental Power Company Limited. The project company owns the build-operate-transfer concession right to operate a waste-to-energy plant in Jianyang City, Sichuan Province. The total daily municipal solid waste processing capacity of the waste-to-energy plant is 3,000 tonnes and shall be constructed in two phases, of which the processing capacity of phase I shall be 1,500 tonnes and phase II shall be 1,500 tonnes.
CCT Land (00261) terminates supercar business acquisition CCT Land (00261) said it agreed to terminate the proposed acquisition of 51% equity interest in Sino Partner Global Limited at HK$1,468 million. After taking into account the additional time which will be required to prepare the circular and to complete the acquisition, the vendor does not agree to further extend the long stop date. CCT Land believes the termination will not have any material adverse effect on the operations or financial position of the Group. The target group is principally engaged in the design, development, manufacturing and sales of high performance supercars under its owned brand "Apollo" in the PRC, Europe and internationally.
PetroChina (00857) announces change in vice presidents PetroChina (00857) said Ling Xiao, Yang Jigang and Wang Zhongcai will be appointed as vice presidents. Ling Xiao is currently the general manager and deputy secretary of the Party Committee of Natural Gas Sales Branch of the Company (PetroChina Natural Gas and Pipelines Company) and the chairman of PetroChina Pipelines Co., Ltd. Yang Jigang is currently the general manager and secretary of the Party Committee of Refinery and Chemical Engineering Branch of PetroChina. Wang Zhongcai is currently the chairman, secretary of the Party Committee and chairman of the Labor Union of China National Oil and Gas Exploration and Development Company Ltd.
Shenzhen Int'l (00152) rating not affected by profit alert Moody's Investors Service said Shenzhen International Holdings Limited's (SZIH) (00152) announcement of a positive profit alert will not immediately affect its Baa2 issuer or senior unsecured ratings. "The substantial surge in profit will not immediately affect SZIH's cash flow, because the HK$2.8 billion profit represents a non-cash premium from the appreciation of land values after the change of land use right in Qianhai," said Ivy Poon, a Moody's Vice President and Senior Analyst. "We expect that the company will speed up its property development in Qianhai," added Poon. "We will continue to monitor the resultant business risk from the company's increasing exposure to the property business."
Decision to delist Bel Global Res (00761) upheld Bel Global Resources (00761) announced that on 15 December 2017, the Stock Exchange issued a letter stating that the Review Committee decided to uphold the Listing Committee's decision to cancel the listing of the company's shares in accordance with the delisting procedures under Practice Note 17 to the Listing Rules. On 28 December 2017, the company filed an applicationfor a review by the Listing Appeals Committee in relation to the decision of the Review Committee. Trading in the company's shares has been suspended from 9:00 a.m. on 4 July 2011.