China merchants holdings sells tanker subsidiary China Merchants Holdings (International) has sold wholly owned subsidiary Ming Wah Universal (Bermuda) for $1.31 billion in cash to China Merchants Energy Transport Investment. Ming Wah owns and operates seven tanker vessels. The seller and buyer are subsidiaries of China Merchants Holdings (Hong Kong). clp puts shamshuipo sub-station up for tender CLP Holdings is selling its sub-station on a 7,200 square foot site in Shamshuipo through a private tender that agents value at $150 million. Property consultants CB Richard Ellis, and A.G. Wilkinson & Associates will arrange the deal. The gross floor area is estimated at 65,000 sq ft if it is redeveloped as a residential project. beijing automobile plans listing to aid expansion Beijing municipal government-controlled Beijing Automobile Investment plans to list locally or overseas next month to raise funds to finance expansion of its mainland joint ventures with Hyundai and DaimlerChrysler, the Shanghai-based Oriental Morning Post quoted chairman Xu Heyi as saying. henderson units obtain $10b revolving credit Henderson Land Credit and Henderson Investment Credit have obtained a $10 billion revolving credit facility, guaranteed by Henderson Land Development and Henderson Investment. It will comprise tranches of five and seven years with interest margins of 0.28 per cent and 0.385 per cent a year. pricerite proposes rights issue at 58.8pc discount Pricerite Group, a supplier of household products, has proposed a one-for-four rights issue to raise about $46.7 million, by issuing 133.3 million rights shares at 35 cents each. This is a 58.82 per cent discount to Pricerite's closing price of 85 cents on August 23 before its suspension on August 24. china green profit grows Mainland vegetable and fruit processor China Green (Holdings) posted a 25.22 per cent rise in net profit to 146.48 million yuan in the year to April. Turnover rose 45.24 per cent to 375.43 million yuan. Earnings per share were 29 fen. A final dividend of two Hong Kong cents was recommended.