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  • September 23, 2014
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  1. Wharf stock edges up despite dilution fear

    Posted Feb 12th 2011, 12:00am by Peggy Sito

    ... The developer, which is 50.2 per cent controlled by Wheelock and Co, saw its shares hit an intraday low of HK$50.45, down 4.9 per cent, in the morning. However, the stock bounced back in the afternoon ... from buying another home if they already own more than two properties in the city in which they are residents. Citigroup said it had no plan to adjust the stock's targeted price ...

  2. BBMG Corp stock rises 3.7pc on Shanghai listing and merger plans

    Posted Jan 19th 2011, 12:00am by Toh Han Shih

    ... listing on January 21, the website of the securities watchdog said. After the merger, Taihang Cement will cease trading on the Shanghai stock exchange, while BBMG will have a total share capital ... 2009 attracted five cornerstone investors, including sovereign wealth fund China Investment Corp, which bought US$35 million worth of stock, and a company controlled by Malaysian tycoon Robert ...

  3. Zhongwang stock dives amid new questions

    Posted Feb 10th 2010, 12:00am by Eric Ng

    ... Eric Ng Aluminium producer China Zhongwang Holdings' market valuation fell by more than a quarter yesterday after it failed to explain why its earlier assurance that its financial statements had 'no deficiencies' was not fully supported by Ernst & Young, the accountants the company appointed to review the figures. In a statement to the Hong Kong stock exchange, ...

  4. The fall and fall of a stock market darling

    Posted Feb 06th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick How things have changed for mainland aluminium producer China Zhongwang. In May it was the darling of the Hong Kong Stock Exchange. The company's IPO raised HK$9.8 billion, the largest globally for nine months, and made its chairman, Liu Zhongtian, a very rich man. Today Zhongwang, which calls itself the world's third-largest seller of aluminium, ...

  5. HSBC's stock slump and Richard Li's deaf ear

    Posted Mar 10th 2009, 12:00am by Tom Holland

    ... slightly nervous today. Yesterday, HSBC's stock plummeted in the closing auction on the Hong Kong stock exchange to end 24 per cent down at HK$33. That's HSBC's lowest close since ... the rights issue price of HK$28 a share at a discount to the stock's market price of just 15 per cent, down from a far more attractive 50 per cent discount when the rights issue was announced ...

  6. CR Cement sponsors help keep stock afloat

    Posted Oct 07th 2009, 12:00am by Amanda Lee, Nick Westra

    ... said Credit Suisse and Morgan Stanley, the sponsors of the offering, were actively placing orders for the company's shares, constituting a 'substantial' amount of the stock ...

  7. Rumours of big ICBC stake sale weigh on stock

    Posted Apr 04th 2009, 12:00am by Naomi Rovnick

    ... previously they would not put ICBC shares on the market as this would depress the mainland lender's stock. Instead, they said they would prefer private placements, off-market deals where ...

  8. ICBC stock rises despite sell-off by big investors

    Posted Apr 29th 2009, 12:00am by Staff Reporter

    ... and American Express, sold 50 per cent of their stakes in the bank and a third, Goldman Sachs Group, may do so soon. Analysts said ICBC's stock rose because the deal had removed the overhang on the stock. The discount on the huge stake sales was far less than feared and the speed of the deal had averted short selling in the stock. Allianz and American Express cashed out a combined 3.85 ...

  9. Strange goings-on in the Hong Kong stock market

    Posted Dec 12th 2008, 12:00am by Tom Holland

    ... with Tom Holland Anyone who is not a professional share trader can be forgiven for wondering what on earth is going on in the Hong Kong stock market at the moment. For the last couple ... of the market. According to brokers, individual investors make up only about 10 per cent of the volume on the stock exchange at the moment, in contrast to 30 per cent previously. Retail investors ...

  10. Buy stocks to lift capital market, regulator tells mainland insurers

    Posted Oct 30th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland insurance regulator has called on insurers to buy quality stocks, following similar moves by the state-asset and securities watchdogs to support ... investments in A shares on the belief that mainland stocks are undervalued, according to the China Securities Journal. Based on the third-quarter reports released by 1,027 companies by Tuesday, ...




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