Dalian Port plans to sell up to 1.2b new shares on mainland
Dalian Port plans to issue not more than 1.2 billion new shares in the mainland stock market to fund investment in terminal operations and logistics services. Proceeds will also be used to repay bank loans and bolster working capital. The proposed share sale is subject to approval from its H-share investors and mainland securities regulators. If the shares are priced at 2.92 yuan - the average trading price of its H shares in the 20 trading days prior to the announcement - it could raise 3.5 billion yuan (HK$3.97 billion). Eric Ng
HK loans and advances fall 7.2pc in August as deposits rise 10.8pc
Hong Kong's total loans and advances fell 7.2 per cent in August to HK$3.17 trillion compared with a year ago, but were slightly up - 0.1 per cent - on the previous month, the Hong Kong Monetary Authority said. Total deposits increased 10.8 per cent to HK$6.29 trillion and edged up 0.2 per cent on July. Of these, yuan deposits rose for the fourth consecutive month, climbing 1.4 per cent to 56.65 billion yuan. Maria Chan
Earnings tumble 17.2pc at sports shoe manufacturer Yue Yuen
Sports shoe maker Yue Yuen Industrial (Holdings) posted an unaudited 17.2 per cent year-on-year decline in net profit to US$362.83 million for the first nine months of the year. This is despite turnover growing 4.8 per cent to US$3.81 billion, with gross profit margin squeezed to 25.8 per cent from 24.1 per cent in the year-earlier period. Eric Ng
Agile buys residential site near Guangzhou for 1.31b yuan
