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Muse China & Hong Kong (Beta) - Old IssuesMuse
China & Hong Kong (beta version) - Daybreak 630am Beijing/HK time -
9 February 2006.
HEADS UP - Top - Next Coal production in China unexpectedly fell 11% year on year in January and inventory levels also plunged at Qinhuangdao. The National Development and Reform Commission mentioned for the first time that it would accept a reasonable increase in coal prices for key power buyers (usually a codeword for the big 5 independent power producers). One newspaper got hold of a Sinopec spokesman who confirmed that the four A-share listed subsidiaries of currently suspended from trading will be privatized but also said that it has not yet got plans to privatize anything else). A very busy news day in China. (Denise Andersen). TABLE OF CONTENTS - Prev - Next Top | Heads Up | Table of Contents | Hot off the Press this Morning | Sector Talk | Management Talk | Deal Talk | Company News in Brief | Results Announcements | Share Buybacks | Event Calendar | Disclosures | Copyright Notices and Important Disclaimers | HOT OFF THE PRESS THIS MORNING - Table of Contents - Next Stocks listed in Hong Kong (991) Datang Intl Power: NDRC tries to force coal-electricity price negotiations to wind down by end February; accepts reasonable increase in coal prices Also: (902) Huaneng Power (H). (836) China Resources Power. (1071) Huadian Power (H). The National Development and Reform Commission in conjunction with the Ministry of Railways and the Ministry Communications have issued an emergency joint notice demanding that key coal and electricity companies complete coal and electricity contracts and transport contracts by the end of February and warned that officials in companies that fail to conclude agreements or pricing and resulting in disruptions in supply or power demand will be held accountable; the notice also mentioned that given the gap between contract prices for "key buyers" and for others, an "appropriate" rise in power coal prices for such contracts would be "reasonable". (991 HK) @ HK$6: market cap. US$3,706.7m, daily liquidity US$6.4m. Broker forecasts: 9 buys, 9 holds, 3 sells, 13.0x current year P/E, 3.8% yield. (1088) Shenhua Energy: China coal inventory and production plunges in January Also: (1171) Yanzhou Coal (H). China Coal News reported that due to the Chinese New Year holidays and repairs introduced this year, China coal production reached 140.43m tonnes in January, down 11% year on year. People's Daily reported that the general manager of the Qinhuangdao coal exchange said coal inventory fell 20% quarter on quarter and inventory is now around 3.2m tonnes, and trading has been active. (1088 HK) @ HK$9.95: market cap. US$21,104.6m, daily liquidity US$26.9m. Broker forecasts: 12 buys, 5 holds, 2 sells, 11.5x current year P/E, 1.9% yield. (1193) CR Logic: Management guides for full year profit this year and dividend payout of 20-30% Also: (597) CSMC Technologies. Wen Wei Po interviewed the chief executive of CR Logic who said CSMC's (597 HK) operations improved in the second half of last year and the company has a chance of turning a profit for the full year and that CR Logic is looking to introduce one strategic investor for each of its chip packaging and manufacturing businesses, but said CR would retain control. According to the report the chief executive said capex for this year is expected to be RMB500m and dividend payout is expected to be raise to between 20-30% going forward. (8259) Andre Juice: Lunch with reporters; strategic investor possible; capacity expansion The company held a lunch with reporters. Management said in the lunch that it plans to invest around RMB100m to add a production line in Dalian with expected capacity of around 30k tonnes; management also said that it is looking to bring an additional strategic investor to the company and that its transfer to the Main Board of the Stock Exchange of Hong Kong should proceed in the first half of the year. (8259 HK) @ HK$0.56: market cap. US$115.3m, daily liquidity US$0.3m. Broker forecasts: 0 buys, 2 holds, 1 sells, 9.5x current year P/E, 4.5% yield. SECTOR TALK - Table of Contents - Prev - Next Hong Kong Industries Hong Kong Finance: KGI said to be broker with substantial loss from fraud Apple Daily said broker KGI's chief operating officer explicitly denied that the report of a HK$45m loss which appeared in yesterday's Oriental Daily referred to KGI. The newspaper claimed without citing a source that KGI lost around HK$10m from either staff errors or staff fraud and that such an incident was reported to the local regular the SFC. Mainland China Industries China Auto: China South restructures management, hopes for IPO for auto division China Business News reported that the chief executive of Chongqing Changan Automobile Group has been parachuted in to work as head of Soueast Auto, another associate of the state-owned China South Group (previously ; a number of unnamed sources told the newspaper along with Beijing Business this represents a revised plan for the combined group, all part of China South's plans to seek a listing for all of its automobile operations. China Finance: Slow response to fixed rate mortgages Also: (165) China Everbright Limited. (939) China Construction Bank. National Business Daily reported that despite launching for some time only one person has signed up for a fixed rate mortgage from Everbright Bank in Shanghai; The Beijing News separately said no one has signed up in Beijing so far; an unnamed official at Everbright was quoted as saying that consumers are likely waiting to see if Construction Bank, Pudong Development Bank and other banks would have more attractive rates once they launch their products. (165 HK) @ HK$3.8: market cap. US$672.1m, daily liquidity US$1.7m. Broker forecasts: 0 buys, 0 holds, 2 sells, 33.9x current year P/E, 0.6% yield. (939 HK) @ HK$3.025: market cap. US$83,538.2m, daily liquidity US$0.0m. Broker forecasts: 10 buys, 7 holds, 1 sells, 14.1x current year P/E, 0.8% yield. MANAGEMENT TALK - Table of Contents - Prev - Next Stocks listed in Hong Kong (304) Peace Mark: Mainland retail expansion; strategic investors for luxury division Apple Daily quoted in its interview the chief financial officer who said that it plans to add 15-20 new luxury watch stores in Mainland China in the next 2 years for RMB20m each, and the number of HK stores should rise to 30 by fiscal07. Wen Wei Po also quoted management as saying Mainland and HK retail should account for 30% of turnover in fiscal06 and 45% in fiscal07 and it is looking to bring in a minority strategic investor, a major overseas watch retailer, for its Solomon chain and that progress is possible in the next 1-2 months. (304 HK) @ HK$3.6: market cap. US$296.1m, daily liquidity US$0.7m. Broker forecasts: 5 buys, 0 holds, 1 sells, 18.3x current year P/E, 1.8% yield. (1212) Lifestyle Int'l: Sogo department store sales up double digits Apple Daily interviewed the deputy general manager of the company's Sogo department stores division who said its Causeway Bay store saw double digit sales growth during Chinese New Year and a 5% increase in foot traffic whilst trading at its new Tsim Sha Tsui store has been meeting forecasts. (1212 HK) @ HK$11.7: market cap. US$1,281.4m, daily liquidity US$3.6m. Broker forecasts: 12 buys, 2 holds, 2 sells, 18.0x current year P/E, 2.1% yield. DEAL TALK - Table of Contents - Prev - Next Transactions in the Hong Kong market (919) Modern Beauty: The company said its Hong Kong public offering was 9.1x oversubscribed and is priced at HK$1; trading is scheduled to start this morning although the company mentioned in the announcement that it has not submitted full information on the placees to the Listing Division of the Stock Exchange (under appendix 6 of the Listing Rules) so trading may not actually start. (2788) Yorkey: The company said its Hong Kong public offering was 217x oversubscribed and is priced at HK$2.2; trading starts tomorrow. COMPANY NEWS IN BRIEF - Table of Contents - Prev - Next Stocks listed in Hong Kong (1) Cheung Kong: The company said it has formed a joint venture with Hutchison (13 HK) along with a Chinese partner to develop four sites in Zhongxin, Guangdong with total site area of 225.6k sqm for HK$1.5bn; the CK grouping has a 46% stake. (13) Hutchison Whampoa: Italy's securities regulator has finally approved 3 Italia's IPO. The company is 50.0% owned by (1 HK) Cheung Kong. (199) Cheung Tai Hong: The company said it would spend HK$140m (HK$80m in cash and the rest in convertible bonds) to acquire 56% of Donson, which operates golf courses and hotels in Guangdong Province. (217) China Chengtong: The company said it has sold its stake in a property venture in Shanghai for HK$193m. (291) China Resources Enterprise: The company said its 51%-owned Snow Brewery division has acquired an 85% stake in Qingyuan Brewery for HK$90m including the cost of further expansion. (653) Bonjour Holdings: The company warned it incurred a loss in the last fiscal year due to rising rents, slowing turnover growth and margin pressure due to intensifying competition. (930) Asia Aluminum: The company said its chairman has started negotiations on a possible privatization of the company. (2337) Shanghai Forte Land: The company said it would develop a site in Baoshan, Shangahi with gross floor area of 262.8k sqm in a 50% joint venture with a company affiliated with Baosteel. Stocks dual-listed in Hong Kong and Mainland China (323) Maanshan Iron & Steel: Anhui Daily reported that the steelmaker sold 800k tonnes of steel in January. (386) Sinopec (H): Xinhua reported that the company has signed a deal with COSCO Group for the latter to import 6m tonnes of oil this year expanding to 30m tonnes eventually. (548) Shenzhen Expressway: The company said it has acquired another 20% stake in Qinglian Highway for RMB484m, raising its stake to 76.4%. (670) China Eastern Airlines (H): National Business Daily reported that the airline has started a price war with Singapore Airlines over the Shanghai-Singapore route with SIA providing RMB2300 excursion tickets and Eastern following-up with a RMB1900 offer. (1055) China Southern Airlines: Chinese Business Morning View reported the airline's China Northern subsidiary will buy 4 new A321 and A319 aircraft. FINANCIAL RESULT ANNOUNCEMENTS - Table of Contents - Prev - Next Financial results for the following widely held Hong Kong listed stocks: (623) SNP Leefung: full year results ended December 1% BELOW consensus. Revenue of HK$1700m (74%) (vs forecast HK$1,425m), net profit of HK$70.368m (40%) (vs forecast HK$71m), EPS of HK$0.024(26.) vs forecast HK$0.15), DPS of HK$0 (vs forecast HK$0.06). Financial results for the following Hong Kong listed stocks: (771) Automated Systems: cumulative 3rd quarter results ended December: revenue of HK$757.24m (9%), net profit of HK$23.461m (26%), EPS of HK$0.024(25%) and DPS of HK$0.03. (8028) Timeless Software: cumulative 3rd quarter results ended December: revenue of HK$3.022m (11%), net of HK$14.361m (n.m.), EPS of HK$0.024(n.m.) and DPS of HK$0. (8092) ITE Holdings: cumulative 3rd quarter results ended December: revenue of HK$48.195m (2%), net of HK$0.817m (n.m.), EPS of HK$0.024(n.m.) and DPS of HK$0. (8299) ESPCO: cumulative 3rd quarter results ended December: revenue of HK$302.562m (-1%), net profit of HK$6.096m (-19%), EPS of HK$0.024(-33%) and DPS of HK$0. SHARE BUYBACKS IN HONG KONG - Table of Contents - Prev - Next (1105) Singtao News bought back 1 shares on 2006/2/7 for HK$569.000 per share on average. EVENT CALENDAR FOR TODAY - Table of Contents - Prev - Next No relevant entries in this section. DISCLOSURES BY MAJOR SHAREHOLDERS & DIRECTORS - Table of Contents - Prev - Next Disclosures by major shareholders (632) China Merchants Dichain Asia shareholder Dichain Holdings Limited varied the relevant holding by 6000000 shares, trigging a whole percentage number threshold on on 01/02/2006. The interest went from 2,562,968,894 (long) (47.13%) shares to 2,556,968,894 (long) (47.01%) shares. (632) China Merchants Dichain Asia shareholder Dichain Holdings Limited varied the relevant holding by 3000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 2,553,268,894 (long) (46.95%) shares to 2,550,268,894 (long) (46.9%) shares. (632) China Merchants Dichain Asia shareholder Farsight Holdings Limited varied the relevant holding by 6000000 shares, trigging a whole percentage number threshold on on 01/02/2006. The interest went from 2,626,823,083 (long) (48.3%) shares to 2,620,823,083 (long) (48.19%) shares. (632) China Merchants Dichain Asia shareholder Farsight Holdings Limited varied the relevant holding by 3000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 2,617,123,083 (long) (48.13%) shares to 2,614,123,083 (long) (48.07%) shares. (855) China Water Affairs shareholder Asset Full Resources Limited varied the relevant holding by 107700000 shares, trigging a whole percentage number threshold on on 02/02/2006. The interest went from 32,162,301 (long) (4.97%) shares to 139,862,301 (long) (21.63%) shares. (681) Chinese People Gas shareholder Asian Allied Limited varied the relevant holding by 100000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 1,276,798,538 (long) (47.79%) shares to 1,176,798,538 (long) (44.04%) shares. (681) Chinese People Gas shareholder Deson Development Holdings Limited disclosed an interest in 100000000 shares on on 03/02/2006. The interest went from 1,276,724,256 (long) (47.78%) shares to 1,176,724,256 (long) (44.04%) shares. (681) Chinese People Gas shareholder DKR Capital Inc. exercised a right or an option for 47151514 shares on 06/02/2006. The interest went from 453,247,888 (long) (17.33%) shares to 453,247,888 (long) (17.33%) shares. (681) Chinese People Gas shareholder DKR Management Company Inc. exercised a right or an option for 47151514 shares on 06/02/2006. The interest went from 453,247,888 (long) (17.33%) shares to 453,247,888 (long) (17.33%) shares. (681) Chinese People Gas shareholder DKR SoundShore Oasis Holding Fund Ltd exercised a right or an option for 47151514 shares on 06/02/2006. The interest went from 453,247,888 (long) (17.33%) shares to 453,247,888 (long) (17.33%) shares. (681) Chinese People Gas shareholder Oasis Management Holdings LLC exercised a right or an option for 47151514 shares on 06/02/2006. The interest went from 453,247,888 (long) (17.33%) shares to 453,247,888 (long) (17.33%) shares. (681) Chinese People Gas shareholder Super Win Development Limited varied the relevant holding by 100000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 1,276,798,538 (long) (47.79%) shares to 1,176,798,538 (long) (44.04%) shares. (681) Chinese People Gas shareholder Yuan Yakang varied the relevant holding by 100000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 1,326,798,538 (long) (49.66%) shares to 1,226,798,538 (long) (45.92%) shares. (113) Dickson Concepts shareholder Matthews International Capital Management, LLC varied the relevant holding by 49000 shares, trigging a whole percentage number threshold on on 06/02/2006. The interest went from 18,613,900 (long) (5.99%) shares to 18,662,900 (long) (6.01%) shares. (535) Vision Century shareholder Ng Poh Meng varied the relevant holding by 1000000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 198,796,551 (long) (4.36%) shares to 228,986,551 (long) (5.02%) shares. (8180) Golden Meditech shareholder Nordea 1 SICAV - Far Eastern Value Fund obtained an interest in 6196000 shares (triggering the 5% threshold) on on 03/02/2006. The interest went from 56,347,846 (long) (4.4%) shares to 56,347,846 (long) (4.4%) shares. (493) GOME Electrical Appliances shareholder Warburg Pincus Partners LLC obtained an interest in 176680630 shares (triggering the 5% threshold) on on 28/01/2006. The interest went from (long) (0%) shares to 176,680,630 (long) (10.76%) shares. (525) Guangshen Railway shareholder Sumitomo Mitsui Asset Management Company, Limited varied the relevant holding by 4104000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 101,432,000 (long) (7.09%) shares to 97,328,000 (long) (6.8%) shares. (2777) R&F Properties shareholder The Ospraie Portfolio Ltd. varied the relevant holding by 114188 shares, trigging a whole percentage number threshold on on 06/02/2006. The interest went from 10,627,000 (long) (5.02%) shares to 10,512,812 (long) (4.97%) shares. (902) Huaneng Power (H) shareholder Citigroup Inc. disposed of an interest in 7618920 shares, ceasing to have a position of 5% on on 02/02/2006. The interest went from 157,419,564 (long) (5.15%), 64,744,000 (short) (2.12%) shares to 149,800,644 (long) (4.9%), 63,356,000 (short) (2.07%) shares. (279) Hansom Eastern shareholder Mainland Talent Developments Limited varied the relevant holding by 9615900 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 36,345,900 (long) (13.71%) shares to 26,730,000 (long) (10.08%) shares. (8175) Kanhan Technologies shareholder Lau Kim Hung Jack exercised a right or an option for 1400000 shares on 02/02/2006. The interest went from 30,337,280 (long) (25.99%) shares to 126,949,120 (long) (21.52%) shares. (191) Lai Sun Garment (Intl) shareholder Deutsche Bank Aktiengesellschaft obtained an interest in 50780000 shares (triggering the 5% threshold) on on 02/02/2006. The interest went from 55,313,000 (long) (3.42%) shares to 106,093,000 (long) (6.56%) shares. (2339) Norstar shareholder Citigroup Inc. disposed of an interest in 7993828 shares, ceasing to have a position of 5% on on 03/02/2006. The interest went from 51,386,554 (long) (5.21%), (short) (0%), 9,498,900 (lending) (0.96%) shares to 43,392,726 (long) (4.4%), (short) (0%), 9,498,900 (lending) (0.96%) shares. (2339) Norstar shareholder Mark Up Investments Limited varied the relevant percentage holding by a whole number on on 07/02/2006. The interest went from 645,000,000 (long) (64.7%) shares to 645,000,000 (long) (63.79%) shares. (304) Peace Mark shareholder Cheah Cheng Hye varied the relevant holding by 5500000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 71,550,000 (long) (7.95%) shares to 77,050,000 (long) (8.56%) shares. (304) Peace Mark shareholder Value Partners Limited varied the relevant holding by 5500000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 71,550,000 (long) (7.95%) shares to 77,050,000 (long) (8.56%) shares. (2727) Shanghai Electric Group (H) shareholder Deutsche Bank Aktiengesellschaft varied the relevant holding by 4000000 shares, trigging a whole percentage number threshold on on 02/02/2006. The interest went from 213,119,816 (long) (7.17%), (%) shares to 204,225,816 (long) (6.87%), 154,000 (short) (0.01%) shares. (2727) Shanghai Electric Group (H) shareholder UBS AG varied the relevant holding by 50000000 shares, trigging a whole percentage number threshold on on 26/01/2006. The interest went from 296,034,700 (long) (9.96%), 1,540,000 (short) (0.05%) shares to 346,034,700 (long) (11.64%), 51,540,000 (short) (1.73%) shares. (1105) Singtao News shareholder Stagelight Group Limited varied the relevant percentage holding by a whole number on on 06/02/2006. The interest went from 163,919,000 (long) (8.95%) shares to 163,919,000 (long) (9%) shares. (1129) Sky Hawk Computer shareholder Lam Man Tung disposed of an interest in 10000000 shares, ceasing to have a position of 5% on on 02/02/2006. The interest went from 39,948,000 (long) (5.44%) shares to 29,948,000 (long) (4.08%) shares. (693) Tan Chong Intl shareholder Hong Leong Investment Holdings Pte. Ltd. varied the relevant holding by 54000 shares, trigging a whole percentage number threshold on on 27/01/2006. The interest went from 140,886,000 (long) (7%) shares to 140,940,000 (long) (7%) shares. (693) Tan Chong Intl shareholder Kwek Leng Kee varied the relevant holding by 54000 shares, trigging a whole percentage number threshold on on 27/01/2006. The interest went from 140,886,000 (long) (7%) shares to 140,940,000 (long) (7%) shares. (2338) Weichai Power shareholder Fidelity International Limited varied the relevant holding by 252000 shares, trigging a whole percentage number threshold on on 03/02/2006. The interest went from 8,749,000 (long) (6.91%) shares to 9,001,000 (long) (7.11%) shares. (532) Wong's Kong King shareholder Senta Wong (BVI) Limited voluntarily disclosed an interest in 16000 shares on on 06/02/2006. The interest went from 120,564,723 (long) (17.4%) shares to 120,580,723 (long) (17.41%) shares. (3378) Xiamen Port shareholder China Shipping (Hong Kong) Holdings Co, Limited varied the relevant holding by 9236000 shares, trigging a whole percentage number threshold on on 02/02/2006. The interest went from 176,460,000 (long) (17.88%) shares to 167,224,000 (long) (16.94%) shares. (1171) Yanzhou Coal (H) shareholder Citigroup Inc. disposed of an interest in 1799450 shares, ceasing to have a position of 5% on on 02/02/2006. The interest went from 98,771,009 (long) (5.04%), 7,702,200 (short) (0.39%), 18,148,800 (lending) (0.93%) shares to 96,971,559 (long) (4.95%), 7,316,200 (short) (0.37%), 18,148,800 (lending) (0.93%) shares. (1171) Yanzhou Coal (H) shareholder Citigroup Inc. obtained an interest in 1170363 shares (triggering the 5% threshold) on on 01/02/2006. The interest went from 97,600,646 (long) (4.98%), 7,702,200 (short) (0.39%), 18,148,800 (lending) (0.93%) shares to 98,771,009 (long) (5.04%), 7,702,200 (short) (0.39%), 18,148,800 (lending) (0.93%) shares. (576) Zhejiang Expressway (H) shareholder Aberdeen Asset Management Plc varied the relevant holding by 2000000 shares, trigging a whole percentage number threshold on on 08/02/2006. The interest went from 186,044,000 (long) (12.98%) shares to 188,044,000 (long) (13.11%) shares. Disclosures by directors and insiders (1130) Benefit Intl director Tan Sim Chew obtained an interest in 40000 shares on on 02/02/2006. The interest went from 275,065,226 (long) (20.65%) shares to 275,105,226 (long) (20.65%) shares. (632) China Merchants Dichain Asia director Fan Di obtained an interest in 6000000 shares on on 01/02/2006. The interest went from 2,626,823,083 (long) (48.3%) shares to 2,620,823,083 (long) (48.19%) shares. (632) China Merchants Dichain Asia director Fan Di obtained an interest in 3700000 shares on on 02/02/2006. The interest went from 2,620,823,083 (long) (48.19%) shares to 2,617,123,083 (long) (48.13%) shares. (855) China Water Affairs director Duan Chuan Liang obtained an interest in 107700000 shares on on 02/02/2006. The interest went from 37,462,301 (long) (5.79%) shares to 145,162,301 (long) (22.45%) shares. (681) Chinese People Gas director Mo ShiKang disclosed a transaction involving 100000000 shares on on 03/02/2006. The interest went from 1,279,398,538 (long) (47.88%) shares to 1,279,398,538 (long) (47.88%) shares. (267) CITIC Pacific director Desmarais Andre Roger obtained an interest in 500000 shares on on 06/02/2006. The interest went from 104,305,000 (long) (4.76%) shares to 104,805,000 (long) (4.78%) shares. (2777) R&F Properties director Li Sze Lim obtained an interest in 50000 shares on on 07/02/2006. The interest went from 150,000 (long) (0.07%) shares to 200,000 (long) (0.09%) shares. (1169) Haier Electronics director Chai Yong Sen exercised a right or an option in respect of 15000000 shares on on 03/02/2006. The interest went from 40,000,000 (long) (0.24%) shares to 40,000,000 (long) (0.24%) shares. (1169) Haier Electronics director Cui Shao Hua exercised a right or an option in respect of 15000000 shares on on 03/02/2006. The interest went from 40,000,000 (long) (0.24%) shares to 40,000,000 (long) (0.24%) shares. (1169) Haier Electronics director Liang Hai Shan obtained an interest in 15000000 shares on on 03/02/2006. The interest went from 40,000,000 (long) (0.24%) shares to 25,000,000 (long) (0.15%) shares. (1169) Haier Electronics director Wu Ke Song exercised a right or an option in respect of 20000000 shares on on 03/02/2006. The interest went from 40,000,000 (long) (0.24%) shares to 40,000,000 (long) (0.24%) shares. (8175) Kanhan Technologies director Ma She Shing Albert exercised a right or an option in respect of 1400000 shares on on 02/02/2006. The interest went from (long) (0%) shares to 1,400,000 (long) (0.24%) shares. (683) Kerry Properties director Ho Shut Kan disposed of 4000 shares on on 06/02/2006. The interest went from 971,044 (long) (0.08%) shares to 967,044 (long) (0.08%) shares. (276) New World Cyberbase director Ong Yvette disposed of 2250000 shares on on 03/02/2006. The interest went from 4,350,000 (long) (0.88%) shares to 2,100,000 (long) (0.42%) shares. (2339) Norstar director Zhou Tian Bao disclosed a transaction involving shares on on 07/02/2006. The interest went from 653,832,000 (long) (65.59%) shares to 653,832,000 (long) (64.67%) shares. (304) Peace Mark director Chau Cham Wong Patrick exercised a right or an option in respect of 90000000 shares on on 03/02/2006. The interest went from 390,888,331 (long) (43.44%) shares to 390,888,331 (long) (39.49%) shares. (2728) Shinhint Acoustic director Ip Wai Cheong Ernest exercised a right or an option in respect of 3397500 shares on on 01/02/2006. The interest went from 5,298,302 (long) (1.77%) shares to 5,298,302 (long) (1.75%) shares. (485) Starlight Intl director Lau Sak Hong obtained an interest in 100000 shares on on 03/02/2006. The interest went from 250,024,127 (long) (32.86%) shares to 250,124,127 (long) (32.87%) shares. (720) Wo Kee Hong director Lee Man Fai disclosed a transaction involving 10540150 shares on on 07/02/2006. The interest went from 1,311,984,012 (long) (59.2%) shares to 1,301,443,862 (long) (58.73%) shares. (532) Wong's Kong King director Wong Senta obtained an interest in 16000 shares on on 06/02/2006. The interest went from 334,250,723 (long) (48.25%) shares to 334,266,723 (long) (48.25%) shares. IMPORTANT DISCLAIMERS - Table of Contents - Prev Copyright (C) 2006. All rights reserved. Sub-editors: Theresa Neale, Gregory Xiao, Denise Andersen. For subscription or editorial enquiries please email us at hkg@oratio.com. Please read important disclaimers at http://www.oratio.com/muse/disclaimers.html.
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