Share Price

SPG Land shares soar on news of stake deal

SPG Land (Holdings)

Shares of SPG Land (Holdings) surged 86.91 per cent on an announcement that mainland developer Greenland Holding Group will acquire a majority stake in the company.

Friday, 10 May, 2013, 5:09am

Next Media falls 26pc as trading resumes following Taiwan debacle

Next Media share price

Shares in Next Media, controlled by tycoon Jimmy Lai Chee-ying, closed at HK$1.17 on March 25, the day before the trading halt started, pending an announcement about the sale.

3 Apr 2013 - 5:10am

Chong Hing Bank shares surge after report says controlling family may sell

Transaction volume increased fourfold, to 2.58 million shares, compared with the previous trading day.

Shares in the Liu family-owned Chong Hing Bank rose to a 25-month high yesterday after reports said the Lius were ready to sell the lender. The stock jumped 9.8 per cent to close at HK$20.90, after rising as much as 14 per cent. The price surge followed a similar jump the previous day.

3 Apr 2013 - 3:28am

Citic Telecom shares rally on Macau stake deal

Citic Telecom dials up a winner with Macau deal. Photo: Bloomberg

Shares of Citic Telecom International jumped 12.9 per cent yesterday following news it will buy 79 per cent of Macau's main telecommunications operator for US$1.16 billion.

The benchmark Hang Seng Index rose 0.64 per cent.

15 Jan 2013 - 4:01am

Director deals rise again but value sharply down

Wheelock chairman Peter Woo Kwong-ching bought 799,000 of the company's shares. Photo: Felix Wong

Director dealing in their own company shares was active for a third straight session last week, with 182 transactions worth HK$164 million reported to the stock exchange for the week from January 7 to 11.

14 Jan 2013 - 3:08am

Optimism puts shine on jewellery stocks

Chow Sang Sang share price (HK$)

Stocks of local jewellers and department store operators rallied yesterday as investors scouted for market laggards in anticipation of greater consumer buying power on rising optimism that the mainland's economic recovery is firmly on track.

4 Jan 2013 - 2:48am

2013: Hong Kong's year of regulatory reform

Secretary for Financial Services and the Treasury Professor Chan Ka-keung

Happy New Year to all readers of White Collar. Last year marked a plethora of reforms and challenges for many listed companies, accountants, investment bankers, even the stock exchange and the regulator.

1 Jan 2013 - 4:13am

Aeon reports 12pc rise in profit

Consumer finance firm Aeon Credit Service (Asia) posted a 12 per cent year-on-year rise in net profit for the nine months to November 20, thanks to higher income from insurance sales, lower loan losses and gain on investments disposal.

22 Dec 2012 - 2:36am

AIA shares fall on AIG stake sale

AIA shares fall on AIG stake sale

Shares of AIA declined yesterday after American International Group (AIG) priced the sale of its remaining stake in the Hong Kong-listed insurer near the top end of the indicative range.

19 Dec 2012 - 2:37am

China Longyuan seeks US$312m in share sale

Longyuan plans to invest half the proceeds from selling new shares in onshore wind power generation projects on the mainland. Photo: Xinhua

Mainland wind power producer China Longyuan Power said yesterday it would raise up to US$312 million selling new shares, joining the rush among liquidity-thirsty firms to place shares following the recent strong run of the Hong Kong market.

14 Dec 2012 - 5:01am

Artini plans revamp after co-founders' divorce deal

A notice posted outside Artini China's office in Hung Hom, saying vice-chairman Yip Ying-kam will not be meeting the media. Photo: Nora Tam

Artini China, a loss-making Hong Kong-based manufacturer of women's accessories, pledged to overhaul itself yesterday after the company's co-founders reached a divorce settlement.

12 Dec 2012 - 2:58am

Sharp drop in Silver Base's revenue raises corporate governance issue

Silver Base chairman Liang Guoxing plays down the departure of managers and the closure of some stores on the mainland. Photo: Sam Tsang

An analyst has questioned corporate governance at Silver Base after the company reported an unexpected sharp drop in interim revenue.

The liquor distributor admitted that some managers had left the company and some mainland stores had closed.

4 Dec 2012 - 3:10am

Things could be worse in the worst of all possible worlds

While Asian investors are known for their speculative attitude to the stock market, many investors do not make a snap response to a stock drop.

What is the worst thing that can happen to a company's share price? An attack by computer hackers? A product recall? Or a lawsuit?

British law firm Freshfields Bruckhaus Deringer sought an answer by studying 78 crisis-hit listed firms around the world.

10 Dec 2012 - 4:23pm

Next Media close to finalising sale of assets in Taiwan

Jimmy Lai

Jimmy Lai Chee-ying was expected to complete the sale of Next Media's print and television holdings in Taiwan last night, following the signing of a definite agreement with the buying consortium at a hotel in Macau.

Lai's assistant, Mark Simon, said late last night the two sides were still ironing out the details of the deal.

28 Nov 2012 - 2:34am

Shares of China Rongsheng and Glorious Property fall after chairman Zhang Zhirong quits

Zhang Zhirong

Shares of China Rongsheng Heavy Industries and Glorious Property fell sharply yesterday after their chairman, Zhang Zhirong, quit.

Zhang's resignation fuelled investors' concerns about the firms' operations and financial condition.

28 Nov 2012 - 2:37am