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  • Dec 28, 2014
  • Updated: 8:15am

Net Asset Value

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The panel addresses vexing questions of investor interest:

Monday, 20 February, 2012, 12:00am

US bank to lift stake

Bank of America Corp plans to exercise a call option to raise its stake in China Construction Bank Corp to 19.13 per cent from 10.75 per cent in a long-awaited deal worth about HK$54.8 billion.

CCB said yesterday that it had received a notice from Bank of America proposing to buy 19.58 billion H shares from China SAFE Investments through a call option this month.

18 Nov 2008 - 12:00am

Shanghai Industrial to reshuffle drugs assets

Red-chip conglomerate Shanghai Industrial Holdings plans to sell 1.51 billion yuan worth of pharmaceutical assets to its Shanghai-listed unit in a move to group all related businesses under a single platform.

17 May 2007 - 12:00am

Huiyuan sets the pace with 66pc surge on debut

In a day of contrasts, China Huiyuan Juice Group made the strongest listing debut of the year while China Properties was the first new issue of 2007 to sink below its offer price, as investors chased mainland consumption plays but punished poor governance.

24 Feb 2007 - 12:00am

Tannery shares up as trading resumes

Shares of red-chip Guangdong Tannery soared more than 27 per cent yesterday as the stock resumed trading after its suspension on June 28.

The counter closed at 27 cents, one cent shy of the general offer price from the company's unlisted mainland parent, which hopes to privatise the subsidiary.

14 Jul 2005 - 12:00am

Adviser backs K Wah purchase of casino

Shareholders of K Wah Construction Materials should vote for the planned acquisition of Galaxy Casino, according to an independent financial adviser contracted by the company.

1 Jul 2005 - 12:00am

WHAT THE BROKER SAYS

KERRY GROUP may need to revise its privatisation proposal upwards to match the recent 13 per cent rally in property stocks since it announced a second bid of HK$9.50 per share, says JP Morgan, which has issued a 'neutral' recommendation on the stock.

22 Jun 2003 - 12:00am

Jardine Strategic values assets

Jardine Strategic Holdings said its unaudited net assets per share stood at US$3.87 on November 30. Of this, $3.30 was attributable to the company's interests in directly held businesses other than Jardine Matheson, based on market price.

10 Dec 1998 - 12:00am

Takson in $3m share purchases

Goretex jacket-maker Takson Holdings has spent about $3 million buying listed securities despite the market's turbulence, according to chairman Takson Wong Tek-son.

However, in the year to last March the company made a provision of $110,000 for securities investments worth $1.62 million at the balance date.

3 Sep 1998 - 12:00am

S. Megga requests share trade

S. Megga International Holdings has made an application to the stock exchange for the resumption of trading in its shares today after a nine-month suspension. As of June 30, the group's unaudited consolidated net asset deficiency was about $36 million, and the amount owed to creditor banks and convertible note holders was $419 million.

1 Sep 1998 - 12:00am

Jardine reveals NAV

Jardine Strategic Holdings said its net asset value as of April 30 was US$3.84 a share. Of that figure, $3.29 was attributable to the company's interests in directly held businesses other than Jardine Matheson, based on market price.

14 May 1998 - 12:00am

Fund losses climb to $19m

The Cathay Investment Fund, which invests in mainland-backed companies, says net losses for the year to December were $19.35 million, mainly due to the volatile stock market since late last year. New asset value fell about 20 per cent to $1.02 billion from $1.28 billion. Losses per share were 24 cents against previous profit of 24.8 cents.

28 Apr 1998 - 12:00am

Beijing listing talk hits red chips

Red chips have seen their share of trouble in recent weeks, as investors lose patience with the lack of acquisition-driven growth the sector seemed to promise.

After weeks of no new asset injections, either real or rumoured, any bad news has been seized on as a reason to sell, and yesterday's sharp fall was no exception.

14 Oct 1997 - 12:00am

Investors warned

Properties developer Chuang's China Investments has warned investors to exercise caution in dealing in its shares. It pointed out the closing price of 69 cents on September 15 - the last trading day - represented a price earnings ratio of 76.7 times for the year to March.

3 Oct 1997 - 12:00am

Southeast Electric to raise US$215m

Zhejiang Southeast Electric Power, soon to be the first mainland B share to list in Shanghai and London, has priced its shares at between 29.1 US cents and 35.9 cents each, with the aim of raising up to $215.4 million.

9 Sep 1997 - 12:00am

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