bank advances increase
Local bank advances rose 0.4 per cent to $1.82 trillion in May from $1.81 trillion in April after successive months of loan decline, led by an increase in trade financing. Total deposits grew 1.3 per cent to $3.34 trillion, while the loan-to-deposit ratio fell to 87.4 per cent from 88.7 per cent.
karrie profit soars 48pc
Personal computer and server casings maker Karrie International posted a 48.25 per cent rise in net profit to $121.04 million for the year to March 31. Turnover grew 50.31 per cent to $1.73 billion. A final dividend of 11 cents was declared, bringing the full-year dividend to 19 cents.
road king in $2.24b china highway venture
Road King Infrastructure and Hebei Province Expressway Development have agreed to form a 2.4 billion yuan (HK$2.24 billion) joint venture. Road King will contribute 960 million yuan in cash for a 40 per cent stake while its partner will inject a 104.95km highway connecting Baoding city and Tianjin for the remaining 60 per cent share.
chalco expansion