Shenzhen International Holdings says it has started negotiations to buy more shares in a Shenzhen-listed A share, China Southern Glass Holding, in a bid to lift its stake in the firm to 24.9 per cent.Wednesday, 30 July, 1997, 12:00am
Shenzhen International Holdings will buy 11.33 per cent of Shenzhen-listed A share China Southern Glass indirectly for $284.3 million from holding company Shenzhen Building Materials.
The deal involves an issue of 238.9 million new shares at $1.19 each - a 30.4 per cent discount to the company's close on June 3 when its shares were suspended.18 Jun 1997 - 12:00am
SHENZHEN had a break from B-share trading yesterday because of the holiday in Hong Kong to observe the Ching Ming Festival.
B shares are traded by foreign investors, and most trades are conducted through Hong Kong.
On Tuesday, the official Shenzhen B-share index fell 0.22 points to 73.97 points when market turnover was a mere HK$720,000.6 Apr 1995 - 12:00am
SHENZHEN B shares were mixed yesterday, with heavy trades in China Southern Glass, the country's largest manufacturer of high-grade process glass, and Shekou Port.
The Shenzhen CLSA B index rose 0.01 per cent to 771.31 points. Turnover was HK$1.81 million.1 Apr 1995 - 12:00am
SHENZHEN B shares were little changed, with attention focused on glass processor China Southern Glass and consumer electronics manufacturer Shenzhen Konka.
The Credit Lyonnais Shenzhen B Index rose 0.28 per cent to 1,165.51 points on turnover worth HK$7.15 million. Four stocks rose, four fell and 15 were unchanged or not traded.25 Aug 1994 - 12:00am
SHENZHEN B shares closed mixed in light trading with the Credit Lyonnais Shenzhen B Index rising 0.3 per cent to 1,167.17 points on turnover worth just HK$4.63 million.
Five stocks fell, three rose and 15 were unchanged or not traded, Bloomberg reported.
China Bicycle dominated trading, rising 0.8 per cent to $6.50 on turnover worth $2.06 million.20 Aug 1994 - 12:00am
CHINA Southern Glass Holding says it has posted a profit after tax and minorities of 82.54 million yuan (about HK$73 million) for the first half, despite depression brought on by China's macroeconomic policies.
The interim profit of the Shenzhen-listed glass manufacturer represents more than half of the 155.21 million yuan it projected for the whole year.1 Aug 1994 - 12:00am
B SHARES fell in light trading in Shenzhen yesterday, led by China Southern Glass which lost more than three per cent to HK$7.50 on trading of 100,000 shares.
The glass processor is suffering from supply problems which are unlikely to be eliminated until a float glass line comes on stream in 1996, according to Crosby Securities.19 Jul 1994 - 12:00am
Shenzhen B shares closed mixed in light trading yesterday, with just seven stocks recording transactions.
The Credit Lyonnais Shenzhen B Index rose fractionally to 1,089.32, Bloomberg reported. The A-share index lost 12.12 points, or 1.24 per cent, to close at 965.13.22 Jun 1994 - 12:00am
SHENZHEN'S B-share index closed down slightly yesterday in trading dominated by a cross trade of 1.3 million shares in Shenzhen Petrochemical.
The Credit Lyonnais B index closed down 3.26 points, or 0.3 per cent, at 1,073.82. The A-share index gained 33.26 points, or 2.72 per cent, to end at 1,256.84.20 May 1994 - 12:00am
SHENZHEN B shares managed modest gains yesterday although only 10 counters were traded.
''There is still not much interest in Shenzhen's B market,'' said a broker with Shenzhen's J&A Securities.
Bloomberg reported five stocks closing up, one down and four unchanged.4 May 1994 - 12:00am
SHENZHEN B stocks slipped marginally lower yesterday, with the Credit Lyonnais Shenzhen B index finishing at 1,147.78.
The biggest gainer of the day was China International Marine Container, which jumped 7.7 per cent, to close at $7. The stock has been falling since its listing last month.8 Apr 1994 - 12:00am
THE ailing Shenzhen stock market yesterday knocked off 7.3 per cent from the exchange's B-share newcomer, China International Marine Container.
A featureless day saw the Credit Lyonnais Shenzhen B index fall 12.78 points, or 1.05 per cent, to close at 1,200.41.24 Mar 1994 - 12:00am
AFTER plunging 9.2 per cent on Monday, the Shenzhen B market fell slightly further yesterday, the Credit Lyonnais Shenzhen B index dipping 10.57 points, 0.81 per cent, to finish on 1,293.26.
Trading was concentrated on a few counters, with about half of the stocks seeing no trading at all.16 Feb 1994 - 12:00am
FOREIGN investors in China - restricted to B shares - say they suffer from the big discounts on most B shares to mainlanders-only A shares.
But when they come to talk about China Southern Glass, a Shenzhen-listed counter producing downstream glass products, there are no complaints.24 Jan 1994 - 12:00am