Bonus Shares Issuance

Wharf stock edges up despite dilution fear

Shares of Wharf (Holdings) edged up yesterday despite Thursday's announcement of a potential HK$10.05 billion rights issue that could hurt earnings per share.

Saturday, 12 February, 2011, 12:00am

CCB lowers rights issue capital target to 61.6b yuan

China Construction Bank Corp plans to raise 61.6 billion yuan (HK$71.26 billion) in Asia's biggest rights offering, 18 per cent lower than the maximum it initially sought, on bumper quarterly profits and improved stock performance.

3 Nov 2010 - 12:00am

NWS has eye on acquisitions worth HK$4b

NWS Holdings, the Hong Kong-listed arm of New World Development, hopes to spend at least HK$4 billion to acquire at least two companies in the coming 12 months, NWS executive director Tsang Yam-pui said yesterday. 'Two major projects we are looking at, if successful, will cost up to HK$4 billion. We hope to do the acquisitions this fiscal year.'

6 Oct 2010 - 12:00am

ICBC joins the rush to raise new capital

Industrial and Commercial Bank of China, the world's largest lender by assets, said it would raise up to 45 billion yuan (HK$51.48 billion) via a rights issue in Shanghai and Hong Kong, following fund-raising efforts by its Chinese peers.

30 Jul 2010 - 12:00am

Pace of loan approvals to stay steady at Bocom

Bank of Communications will maintain a moderate pace of loan approvals this year but it expects to raise 33.1 billion yuan (HK$37.7 billion) through a rights issue, executive vice-president Dicky Yip said yesterday.

9 Jun 2010 - 12:00am

Denway shares plunge 24pc on HK$25b privatisation bid

Guangzhou Automobile Group's newly announced plans to list in Hong Kong by July may encounter a speed bump after the firm's bid to delist Denway Motors triggered a case of share-price whiplash yesterday.

Shares in Denway plummeted 24 per cent after a HK$25 billion all-stock privatisation bid by parent Guangzhou Automobile (GAC) came up short with investors.

20 May 2010 - 12:00am

No plan to raise funds, Swire says

Swire Pacific has no immediate fund-raising plans after last week's shelving of a HK$20.84 billion initial public offering for its property unit.

'We have yet to take the decision internally as to whether we will proceed [with the IPO] and if so when. So, no decision,' said chairman Christopher Pratt at yesterday's annual general meeting.

14 May 2010 - 12:00am

Chen quits as deputy chairman of Cathay

Veteran Cathay Pacific Airways director Philip Chen Nan-lok has resigned as deputy chairman and non-executive director of the carrier to pursue personal interests.

Chen was appointed a director in 1997 and his resignation is effective from July 1. The carrier did not announce his replacement.

20 Apr 2010 - 12:00am

Swire says rent growth will fall at property arm

Swire Pacific, preparing for a US$3 billion Hong Kong initial public offering of its real estate division, has admitted the unit's headline profits will slump as last year's blistering growth in commercial property rents peters out.

20 Apr 2010 - 12:00am

Suspended death sentence masks string-pulling saga

Asuspended death sentence for a senior mainland banker ... a divorce turned ugly ... the seductive red lights and can-can dancers of the Moulin Rouge in Paris.

17 Apr 2010 - 12:00am

SPG Land posts record 678.5m yuan in earnings

Shanghai-based developer SPG Land (Holdings) posted its best ever profit last year as the real estate market staged a robust comeback lifted by record property prices.

The company, a high-end builder, said profit attributable to shareholders for the year to December rose 348 per cent to 678.52 million yuan (HK$771.55 million) from 151 million yuan a year earlier.

6 Mar 2010 - 12:00am

Lai See

Uncle Four makes video debut as pitchman for Henderson

Henderson Land Development chairman Lee Shau-kee is a great believer in the principle 'you must spend money to make money'.

Lai See has learned that the company spent about HK$6 million to produce a corporate video that for the first time features the tycoon, affectionately known as Uncle Four.

3 Mar 2010 - 12:00am

Merchants Bank given approval to raise 22b yuan in rights issue

China Merchants Bank has received approval to raise about 22 billion yuan in a rights issue of A and H shares to replenish its capital as mainland lenders begin a wave of refinancing.

3 Mar 2010 - 12:00am

Ping An Bank to raise 5b yuan in share sale

Shenzhen-based Ping An Bank plans to raise five billion yuan (HK$5.67 billion) through an allotment of shares to shareholders, including 4.5 billion yuan from major stakeholder Ping An Insurance (Group).

14 Aug 2009 - 12:00am

Ex-Gome boss in high stakes game

The High Court's order to freeze the Hong Kong assets of embattled retail tycoon Wong Kwong-yu comes only weeks after a surprising deal that helped enlarge his stake in the retail empire he founded.

7 Aug 2009 - 12:00am