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  • July 25, 2014
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  1. Poly raises HK$3.1b in placement to fund acquisitions from parent

    Posted Oct 15th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Mainland developer Poly (Hong Kong) has launched a HK$3.08 billion top-up share placement, partly to fund the property acquisitions from its parent firm announced last month. The rest will be used for future investment opportunities. Poly placed 380 million shares at HK$8.10 each, at the top of the price range of HK$7.80 to HK$8.10. The price represents an 8.9 per cent ...

  2. Poly shares soar on CIC stake buy, acquisition

    Posted Sep 19th 2009, 12:00am by Staff Reporter

    ... Fulton Mak Shares in mainland developer Poly (Hong Kong) Investments surged as much as 17.2 per cent when it resumed trading yesterday after it unveiled a HK$2.74 billion acquisition plan ... Parent China Poly Group Corp's stake will increase to 58.1 per cent from 51.9 per cent. The asset injection has long been expected by market watchers and analysts believe more acquisitions ...

  3. Acquisition of HKEx stake needs explaining

    Posted Sep 11th 2007, 12:00am by Staff Reporter

    ... greeted the acquisition with delight, pushing up the price of HKEx shares by more than 20 per cent yesterday, high enough to singlehandedly reverse a market slump that affected other bourses in the region. The question is: why the acquisition? Although HKEx is privately owned, the law provides that the government can prevent anyone else from holding more than 5 per cent of HKEx shares ...

  4. China moves slow Citic acquisitions

    Posted May 11th 2004, 12:00am by Denise Tsang

    ... in question was the planned $3.5 billion acquisition of a 95 per cent interest in the Huangshi steel mill, a unit of A share Daye Special Steel, he said. 'The measures have not affected the operation of our projects,' Mr Fan said after the company's annual shareholders meeting yesterday. 'But they have slowed acquisition negotiations.' He added that Citic remained ...

  5. Bank of East Asia on the mainland acquisition trail

    Posted Aug 14th 2006, 12:00am by Staff Reporter

    ... overseas returns by 15 per cent over the next 10 years. Chairman David Li Kwok-po said that apart from organic growth, the bank would continue to look for acquisition opportunities in the mainland ... is on the mainland.' Although BEA already derives a decent profit from its 27 mainland branches, Mr Li said it would pursue expansion through acquisitions. BEA has held equity investment talks with a number ...

  6. China Glass hungry for more acquisitions

    Posted Mar 20th 2006, 12:00am by Kandy Wong

    ... slowdown and prepare for a rebound in a year or so, according to group chairman John Zhao. He said China Glass' acquisition of seven glass companies with assets worth $2 billion for a consideration of $158 million was in line with the mergers and acquisitions principle of its parent company, Legend Holdings. The mainland conglomerate controls 25 per cent of China Glass, which ...

  7. CKI to raise up to HK$2.38b in placement

    Posted Jul 25th 2012, 12:00am

    ... and HK$47.62 per share, a discount of 3.3 to 6.3 per cent to its closing price of HK$49.25 yesterday, Reuters reported. 'We believe CKI is eyeing some meaningful acquisitions,' Standard ... said. It would be the first acquisition of overseas airports by Hong Kong's richest man, and JPMorgan expects the acquisition would increase CKI's earnings per share by up to 5 per ...

  8. Hui Xian Reit buys hotel stake from parent

    Posted Nov 11th 2011, 12:00am

    ... million yuan (HK$1.2 billion), making its first acquisition since an initial public offering in April. Kam Hing-lam- the chairman of Hui Xian Asset Management, the manager of Hui Xian Reit- said the deal marked the company's first expansion and more acquisitions were expected as it built up its asset base. The first acquisition is a 70 per cent stake in Shenyang Lido, which holds land ...

  9. Swire Pacific pays 174m yuan for cold stores

    Posted Aug 07th 2012, 12:00am

    ... of the need to obtain Chinese regulatory approvals for the acquisition. Guangdong Swire operates three cold stores in Guangzhou's Huangpu district, providing refrigerated storage for frozen seafood and meat, dairy products and other consumables, including wine and chocolate. The acquisition is expected to lead to expansion of Swire Pacific's refrigerated logistics operation ...

  10. Hang Lung acts to avert rising yuan costs

    Posted Sep 28th 2010, 12:00am by Sandy Li

    ... Sandy Li in Dalian Hang Lung Properties is taking steps to minimise possible construction cost increases caused by the appreciation of the yuan against the Hong Kong dollar on HK$30 billion worth of upcoming commercial projects on the mainland. Ho Hau-che ...




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