Company Investment

Chaoda cream of the crop on mainland

There may be more behind the story of mainland vegetable producer Chaoda Modern Agriculture (Holdings) if the buzz among fund managers is an indication.

Sunday, 31 July, 2005, 12:00am

Ad agency Qin Jia Yuan plans to raise $128m

Trading in shares of advertising agency Qin Jia Yuan Media Services was suspended yesterday pending an announcement relating to a share placement. The company planned to raise $128.1 million to set up a mainland advertising agency joint venture, sources said.

30 Jul 2005 - 12:00am

Shanghai Land shareholders may get $1.9b in assets

BOCHK will receive the lion's share of $1.44b under a liquidation proposal

A liquidation proposal by Shanghai Land Holdings, the Hong Kong-listed vehicle of imprisoned property tycoon Chau Ching-ngai, will release its $1.92 billion assets to shareholders, including BOC Hong Kong (Holdings).

29 Jul 2005 - 12:00am

Bloodied CNOOC remains undeterred

Bitter experience in Unocal takeover battle won't halt the mainland oil giant's overseas expansion drive

No one would blame CNOOC for throwing in the towel. Fighting on foreign turf against Chevron, a company five times its size and 100 years older, the last thing the Chinese firm needed or expected in its suit for Unocal was a lesson in protectionism from the US Congress.

29 Jul 2005 - 12:00am

BOC, Scottish bank near US$5b deal

Royal Bank of Scotland to buy 15pc of mainland lender in what could be the biggest foreign direct investment in China

Royal Bank of Scotland (RBS) is poised to pay up to US$5 billion for as much as 15 per cent of Bank of China (BOC) in a deal that could set a record for the largest ever single foreign direct investment in the mainland.

27 Jul 2005 - 12:00am

Chitaly, Symphony suspended pending deals

Two more companies were suspended from trading yesterday pending equity financing plans and sources said one of them, Chitaly Holdings, had already raised $100 million through a top-up share placement. Trading in furniture maker Chitaly was suspended pending an announcement relating to a top-up placing of shares.

27 Jul 2005 - 12:00am

Copper miner sets ball rolling on cash calls

An $880 million share placement announced yesterday by Jiangxi Copper is likely to be the first of many cash calls made on the Hong Kong bourse this year, with blue-chip property companies next in the queue, analysts said.

The announcement came as the Hang Seng Index's nine-day rally hit a 41/2-year high.

26 Jul 2005 - 12:00am

Mainland banks seen safe from yuan fallout

Access to range of hedging instruments tipped to shield lenders from forex risks

25 Jul 2005 - 12:00am

Rumour mill falls silent as 'mystery' over HKET fades

Top executives put paid to speculation about publisher's possible mainland ties

In a town where so many leading newspaper titles are closely associated with their family proprietors - the Ma family's Oriental Daily News, Jimmy Lai Chee-ying's Apple Daily and the Kuoks' South China Morning Post - the Hong Kong Economic Times has long been a somewhat mysterious exception.

25 Jul 2005 - 12:00am

Stocks jump as investors bet on hot money inflows

H shares in demand as yuan revaluation boosts earnings hopes for Chinese firms

Trading volumes surged yesterday, pushing the Hang Seng Index up 166.32 points, or 1.14 per cent, to 14,786.46, as punters bid on speculative inflows into the market as a result of the yuan revaluation.

23 Jul 2005 - 12:00am

Vogue printer to build plant in Shanghai joint venture

Hong Kong-listed SNP Leefung Holdings, which holds the contract to print the Chinese edition of Vogue magazine, plans to invest tens of millions of dollars in a new joint venture printing operation in Shanghai.

The women's magazine will be launched in China in September with a target circulation of 300,000 per month, the printing firm's chief executive, Yeo Chee Tong, said.

22 Jul 2005 - 12:00am

Surging China plays extend share rally

HSI keeps winning run even as investors cash in property gains

Hong Kong-listed China stocks yesterday forged ahead for the second day running, as investors used an interest-rate increase by local banks as an excuse to take profit on blue-chip property counters.

22 Jul 2005 - 12:00am

Developer eyes $2b from key projects

Kowloon Development expects to raise nearly $2 billion from property sales in Hong Kong and Macau this year, chairman Or Wai-shen said yesterday.

Revenues will come mainly from its Macau residential project La Baie Du Noble in the Orient Pearl district, which the company bought from parent Polytec Holdings International last year.

21 Jul 2005 - 12:00am

Consolidation looms after stretch of buying

The Hang Seng Index finished higher yesterday after Tuesday's sluggish performance, but brokers saw signs of profit-taking at a high level which indicated consolidation would follow.

21 Jul 2005 - 12:00am

Business Digest

property play Expecting 40pc rise in rental income

Emperor International Holdings expects its rental income increase more than 40 per cent this year as a result of the bullish retail market.

Donald Cheung Ping-keung, director of Emperor Group's property department, predicts rents in some street shops will double when contracts are renewed.

20 Jul 2005 - 12:00am