Lana Wong

Keep your eyes peeled

Lana Wong loved make-up. She took special delight in carefully creating her favourite eye make-up with eye shadow, heavy eyeliner and lashings of mascara.

Tuesday, 24 April, 2012, 12:00am

Stone share placement reaps $230m

Red chip Stone Electronic Technology is riding the technology-stocks wave after raising $230 million from a share placement.

It plans to use $60 million of the $204 million net proceeds raised from the placement to buy a 71 per cent stake in software firm Stone MTI from its parent.

18 Nov 1999 - 12:00am

Agrotech prepares GEM pitch

Fuzhou-based China Agrotech will kick off marketing on Tuesday for a planned $80 million listing on the Growth Enterprise Market (GEM), according to sources.

The company, which is the mainland's sole producer of 'regulatory-type' plant-growth supplements, earned about $6 million in net profit for the year to June 30, a source said.

4 Nov 1999 - 12:00am

China Agrotech eyes $80m

Fujian-based China Agrotech is seeking to raise $80 million from a float on the soon-to-be-launched Growth Enterprise Market (GEM) by December, market sources said.

The company is the mainland's sole producer of plant-growth regulators.

The products, likened to vitamins for humans, are produced for vegetables and fruits.

11 Oct 1999 - 12:00am

Guangzhou Investment profit slumps

Guangzhou Investment, the SAR-listed flagship of the Guangzhou municipal government, has reported a 76.59 per cent fall in attributable profit to $35.56 million for the first half to June 30.

The red chip saw its operating margin squeezed from 21.27 per cent to 13.46 per cent.

Turnover was flat at $1.32 billion, compared with $1.33 billion in the year-ago period.

30 Sep 1999 - 12:00am

GDE food unit hit by heavy provision

Further provision has seen Guangnan (Holdings) extend its full-year net loss, bleeding $276.85 million in the first half to June 30.

The insolvent food conglomerate controlled by Guangdong Enterprises (Holdings) (GDE) made a net profit of $133.62 million in the year-ago period.

29 Sep 1999 - 12:00am

CNOOC seeks US$2b for development

CNOOC, the listing vehicle of mainland offshore oil giant China National Offshore Oil Corp, is to embark on a US$2.2 billion development plan to 2002, a research report issued by its sponsor, Salomon Smith Barney, revealed.

24 Sep 1999 - 12:00am

Economy squeezes builder

Guangdong Building Industries has reported a dismal interim result under the heavy weight of a tough operating environment, ensuing credit squeeze and negative sentiment amid its debt restructuring process.

13 Sep 1999 - 12:00am

GDE rejects payment call by creditors

Guangdong Enterprises (Holdings) (GDE), the financially troubled SAR investment arm of the Guangdong provincial government, has rejected a request from a bank syndicate led by Banque Nationale de Paris to accelerate interest payments.

A GDE spokesman said the company had refused the request to pay interest on a monthly basis instead of a quarterly basis.

2 Jul 1999 - 12:00am

Qingling falls flat after early growth

Qingling Motors, which assembles Isuzu light trucks, posted a 15 per cent decline in net profit to 443.9 million yuan (about HK$412.82 million) for the year to December, broadly in line with market expectations.

22 Apr 1999 - 12:00am

Value of assets at bankrupt GITIC even less than previously announced

The value of assets at bankrupt Guangdong International Trust and Investment Corp (Gitic) is expected to be even less than previously announced, further lowering the recovery rate for creditors from the earlier estimated 50-plus per cent.

26 Feb 1999 - 12:00am

Guangdong provincial

Bankers and analysts yesterday greeted with caution the Guangdong provincial government's announcement that it would bail out its debt-ridden investment arm, Guangdong Enterprises (Holdings) (GDE), saying they awaited concrete action.

17 Dec 1998 - 12:00am

Thin pickings from Fujian firms

Creditors of two Hong Kong companies ultimately controlled by the Fujian provincial government may recover as little as 6.5 per cent of their money, it was revealed at their first meeting yesterday.

Hop Kin Engineering Development and China Fujian Engineering (Hong Kong) have combined liabilities of $1.55 billion and an estimated realisable asset value of $161.2 million.

12 Dec 1998 - 12:00am

Profit-taking looks appealing as fundamentals fail to improve

Investors should capitalise on the recent strength in red chips to take profits as the mainland's macro and microeconomic conditions have yet to see any fundamental improvement, according to a HSBC Securities Asia research report.

The rally in red chips had exceeded the fundamentals of the companies and the economy, reflecting irrational market behaviour, it said.

20 Nov 1998 - 12:00am

Former Mansion directors censured over rule breach

The Stock Exchange of Hong Kong has publicly censured four former executive directors of fire-prevention systems contractor Mansion Holdings over connected transactions that breached listing rules.

The four are Henry Lam Kwong-let, William Leung Wai-chung, Danny Tung Kin-bun and Jason Yip Chi-fun.

19 Nov 1998 - 12:00am

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