Equity Financing

Henan Chuying to grow organic pork business

Mainland poultry and livestock firm Henan Chuying Agro-Pastoral plans to spend four billion yuan (HK$4.74 billion) to set up a 400,000-hectare organic pig farm in Henan province.

Monday, 21 March, 2011, 12:00am

Rights issue targets China's 10m new homes

China State Construction International Holdings plans to raise at least HK$3.58 billion through a rights issue to build more infrastructure projects on the mainland, the firm announced yesterday.

Shares of the construction firm, a subsidiary of state-owned China Overseas Holdings, fell 2.8 per cent to HK$7 yesterday.

19 Mar 2011 - 12:00am

Plan to raise listing threshold on banks

Beijing plans to raise the listing threshold for the mainland's 143 city commercial banks, a move to bar most of them from floating initial public offering shares.

But this will not affect Bank of Shanghai which is set to list on the Shanghai Stock Exchange this year, eyeing a net 20 billion yuan (HK$23.7 billion) to replenish capital.

16 Mar 2011 - 12:00am

Hilong Holdings eyes HK$1.48b IPO to expand

Hilong Holding, China's largest supplier of oil and gas drill pipes, plans to raise up to HK$1.48 billion in a Hong Kong initial public offering to expand production and service capacity and retire debt.

11 Mar 2011 - 12:00am

Debt-ridden Sunac 'scraps bond sale'

Sunac China Holdings, an indebted mainland property developer whose chairman has a checkered past, has cancelled a planned bond sale, two sources involved in the transaction said.

Tianjin-based Sunac joined the Hong Kong stock exchange last October, after at least two previous attempts at an initial public offering dating back to 2004.

9 Mar 2011 - 12:00am

Fugitive CEO arrested in Guizhou

China Forestry Holdings says its former chief executive, Li Hanchun, was arrested last week in Guizhou province for allegedly embezzling 30 million yuan (HK$35.5 million).

3 Mar 2011 - 12:00am

Everbright Bank pushes plan to sell H shares

China Everbright Bank plans to list in Hong Kong, raising as much as HK$47 billion and setting the trend for many other smaller banks in need of capital.

22 Feb 2011 - 12:00am

Official media court investors in the quest for internet influence

The websites of the mainland's three main official media - People's Daily, Xinhua and China Central Television - are accelerating on the road to the stock market in an effort to better compete with commercial news portals.

16 Feb 2011 - 12:00am

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.

12 Feb 2011 - 12:00am

Shaw Brothers' stake in TVB fetched HK$6.26b

An investor group led by local dealmaker Charles Chan Kwok-keung paid HK$6.26 billion for Shaw Brothers' stake in Television Broadcasts (TVB) last Wednesday, according to the Hong Kong Exchanges and Clearing website.

2 Feb 2011 - 12:00am

How the elderly tycoon found out he was poor, and what he did about it

When the phone rang in the South China Morning Post's Causeway Bay newsroom on the morning of January 7, the caller made an offer that no journalist could refuse: would you like an exclusive interview with Stanley Ho Hung-sun?

27 Jan 2011 - 12:00am

How the saga unfolded

July 2009 Stanley Ho suffers a fall at home, leading to surgery to remove a blood clot from his brain and a long spell in hospital. Over the next 18 months, family members repeatedly say Ho is recovering, but he makes just two public appearances.

27 Jan 2011 - 12:00am

Ho allegations set to cause confusion, and leave markets jittery

In the past two months, Stanley Ho Hung-sun's multiple transfers of billions of dollars worth of shares in SJM Holdings and Shun Tak to family members had only served to reassure investors that a succession plan was firmly in place and things were progressing smoothly.

26 Jan 2011 - 12:00am

Details differ in two letters signed by Stanley Ho

It is the tale of two letters, both with vastly different implications for the future ownership of billionaire Stanley Ho Hung-sun's sprawling empire.

But they share one thing in common: both letters bear the signature of Stanley Ho.

26 Jan 2011 - 12:00am

Stanley Ho seeks answers from family members

Macau casino magnate Stanley Ho Hung-sun has accused family members of 'fraudulently misappropriating' his shares in the private Hong Kong company that ultimately controls the bulk of his wealth - including his entire remaining stake in gaming firm SJM Holdings.

25 Jan 2011 - 12:00am