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  1. Brilliance investor to sell 400m shares

    Posted Dec 04th 2009, 12:00am by Kandy Wong

    ... sent to investors by arranger JP Morgan Chase. Huachen was offering 400 million Brilliance China shares at between HK$2.20 and HK$2.35 apiece. The stock closed 1.2 per cent lower at HK$2.43 in Hong Kong yesterday. Brilliance China announced last month it would dispose of its loss-making Zhonghua brand to Huachen for 494 million yuan (HK$560.79 million). The carmaker's shares ...

  2. Analysts say slower retail sales make consumption issues risky

    Posted Feb 03rd 2009, 12:00am by Kandy Wong

    ... per cent yesterday to HK$7.11. But the stock has tumbled 50.18 per cent in the past year, more than the 46 per cent decline in the benchmark Hang Seng Index. A Macquarie report also lowered ... in the coming two years. Shares in Li Ning, the sportswear maker and retailer founded by a former Olympic gymnast, dropped 2.19 per cent yesterday to HK$10.72. The stock has retreated 48.33 per cent ...

  3. Sundart sinks below offering price on debut

    Posted Aug 22nd 2009, 12:00am by Staff Reporter

    ... in interior design and renovation for developers, which recorded 718 times subscription in the retail tranche, opened at HK$4.35, up 4.07 per cent from the offering price at HK$4.18. However, the stock soon reversed its direction and ended the day at HK$3.90, down 6.7 per cent. About 133.9 million shares changed hands with a turnover of HK$553.96 million. Investors who were allocated ...

  4. Trinity scores 49pc gain on debut

    Posted Nov 04th 2009, 12:00am by Amanda Lee

    ... of a new listing in Hong Kong so far this year. The stock opened at HK$3, rising to as high as HK$3.21 before closing at HK$2.46. The stock was offered at HK$1.65. Trinity's performance ... (International) cut its offer price recently while Excellence Real Estate Group of Shenzhen delayed its listing. But Trinity proved more popular, raising HK$745.7 million from its initial public offering ...

  5. Asia Cassava jumps 17.7pc on first day

    Posted Mar 24th 2009, 12:00am by Nick Westra

    ... in the commodity market. The producer of dried cassava chips rose as much as 27.45 per cent from its issue price of HK$1.02 before closing up 17.65 per cent at HK$1.20. 'It is a food stock, and the demand for food stocks is relatively high, because [in] the commodity sector all prices are surging,' said Patrick Shum, a director at Karl Thomson Securities. 'So this stock may ...

  6. Telecoms stocks fall as 3G licences are issued

    Posted Jan 08th 2009, 12:00am by Staff Reporter

    ... Frederick Yeung Beijing yesterday officially granted 3G mobile service licences to three state-owned telecommunications operators, paving the way for 280 billion yuan (HK$318 billion) in spending on network infrastructure. The news sent mainland telecommunications stocks sliding yesterday afternoon as investors took profit. China Mobile fell 5.48 per cent to HK$78.45, China Unicom ...

  7. CLP plan for LNG receiving terminal doomed, say analysts

    Posted Aug 29th 2008, 12:00am by Denise Tsang

    ... on the project and given it an environmental permit all these years.' Analysts expected CLP's share price would face selling pressure today. The stock declined 5 HK cents to HK$65.85 yesterday. ...

  8. Subsidy doubts delay BYD's electric car

    Posted Feb 24th 2010, 12:00am by Kandy Wong

    ... the company disclosed that the car would sell for 300,000 yuan (HK$340,000), roughly the price of an Audi A4 or Honda CR-V. The delay could mark a setback for BYD- whose stock sells at a remarkable ... MidAmerican Energy Holdings, a unit of Buffett's Berkshire Hathaway, bought 10 per cent of BYD for US$230 million or about HK$8 a share, sparking a massive rally in the stock. BYD closed 4.01 per ...

  9. City rekindles its love affair with warrants

    Posted Oct 12th 2010, 12:00am by Amanda Lee

    ... purchase. A few months later, though, nervous investors sent the stock to historic lows of just above HK$30 a share on fears HSBC might need a bailout because of hefty subprime loan losses in the US. While the bank slashed its dividend, major brokers slashed their share-price targets. But before Lee's warrant matured, the blue-chip stock rebounded to trade at about HK ...

  10. Mideast turmoil claims first victim in HK market

    Posted Feb 26th 2011, 12:00am by Naomi Rovnick

    ... largest molybdenum producer. Molybdenum is an element used to make steel. Rusal, his aluminium company, became the first Russian business to list in Hong Kong last January. The stock is now trading 26 per cent above its HK$10.80 IPO price. But the deal was postponed several times as Hong Kong regulators weighed the risks of allowing Rusal, which had a massive debt pile when it began ...




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