meditech buys into beijing jia chen hong Growth Enterprise Market-listed blood recovery system-maker Golden Meditech has agreed to buy a 51 per cent stake in stem cell storage facilities maker Beijing Jia Chen Hong Biological Technologies for $130 million. It will pay for the stake by issuing shares at $2 each - a 61 per cent premium to the previous market close of $1.24. Unaudited accounts showed Beijing Jia Chen Hong made a net profit of 2.2 million yuan (HK$2.06 million) in the first four months and had 102 million yuan of net assets at the end of April. huge top trims holdings in van shung chong Construction materials processor and distributor Van Shung Chong Holdings' largest shareholder Huge Top Industrial sold 31.2 million shares to independent investors at $1.25 each - an 18.3 per cent discount to Friday's market close of $1.53. Huge Top's stake will fall to 55.72 per cent from 65.74 per cent. Last November, the company spent $52.2 million buying back shares from minority shareholders at 98 cents each. intcera chief sells stake to chairman Growth Enterprise Market-listed telecommunications component maker Intcera High Tech Group chief executive Tung Tai-yung and a company controlled by him have sold 24.89 per cent of shares in the company to chairman Cheng Qingbo at 27.8 cents each - a 105.9 per cent premium to the last closing price of 13.5 cents. Mr Tung will resign from his position. beijing capital gets $468m credit line Newly listed Beijing Capital Land said it had obtained a 500 million yuan (HK$468 million) credit line from Huaxia Bank, boosting its total unused credit facility to 1.5 billion yuan. Mainland commercial banks have tightened lending to domestic property firms, after the central bank began investigating property loans granted by its commercial banks since June last year. 800 yoho units sold Sun Hung Kai Properties said its YoHo Town residential project in Yuen Long sold about 800 units at an average price of $2,200 per square foot. The firm launched 1,100 units - out of 1,404 in the first-phase development - for internal sale yesterday.