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Bank of China

In Brief

PUBLISHED : Tuesday, 09 November, 2010, 12:00am
UPDATED : Tuesday, 09 November, 2010, 12:00am

SFC fines Noble Apex HK$1m

The Securities and Futures Commission (SFC) has reprimanded and fined financial planning and investment advisory firm Noble Apex Advisors HK$1 million for breaching its code of conduct. SFC's investigation found the company allowed an unlicensed person to head a team of its representatives. Yvonne Liu

Ex-Im plans 5b yuan bond sale

Export-Import Bank of China plans to sell five billion yuan worth of bonds in Hong Kong to institutional and retail investors. This is the bank's third public offering of yuan-denominated bonds. The mimimum retail subscription will be 10,000 yuan. The bond has an annual fixed interest rate of 2.65 per cent. Lulu Chen

SJM reports 528% profit spike

SJM Holdings yesterday said its net profit surged 528 per cent to HK$867 million in the third quarter from HK$138 million a year earlier. Revenue grew 69 per cent to HK$13.99 billion from HK$8.26 billion in the third quarter last year. Adjusted ebitda for the period was HK$1.18 billion. Shares fell 1.62 per cent to close at HK$12.16 yesterday. Yvonne Liu

UBS launches yuan bond

Swiss bank UBS yesterday launched its first yuan-denominated bond in Hong Kong, paying investors 2.5 per cent interest every year. The total size of the issuance was 100 million yuan and the bond, which matures in two years, would be traded and settled in the offshore bond market locally. Amanda Lee