It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
The company reported a stronger-than-expected 17% rise in third-quarter sales in November, helped by strong growth in its flagship Asian markets.
TPV Technology said first- quarter profit rose 170% to US$40.2 million ($56.3 million) from a year earlier. The figures were in a Hong Kong stock exchange filing today.
TPV Technology, the world’s biggest contract maker of computer monitors, said shareholder China Electronics Corp. agreed to boost its investment in the company, a move that will trigger a takeover offer.
China Electronics’ CEIEC (H.K) unit and Japan’s Mitsui & Co. plan to offer HK$5.20 (94 cents) apiece for outstanding TPV shares, according to a Hong Kong stock exchange filing today.
TPV Technology, the world’s biggest contract manufacturer of computer monitors, was suspended from trading in Hong Kong and Singapore as the company plans to issue new shares and may announce a buyout offer.
TPV applied for the trading halt pending an announcement “in relation to a proposed issue of new shares and possible mandatory conditional cash offer,” it said in a filing to the Hong Kong stock exchange today. The company received approaches from new investors, Director Eddie Chen said by phone today.
Investors are breathless over China’s biggest developer of wind farms
CHINA’S biggest producer of wind power, China Longyuan Power, is in essence a staid regulated utility. It buys turbines, erects them and sells the electricity they generate to China’s power distributors at prices fixed by the state. So why is its initial public offering next week on the Hong Kong Stock Exchange generating such excitement?
The offering is likely to value the firm, the former research arm of the ministry of energy, at nearly 30 times next year’s projected profits. Despite this heady figure, the tranche of shares being marketed to institutional investors is over eight times oversubscribed; the one for individuals, almost 30 times. The firm plans to sell 30% of its shares, but could, if it wanted, offload far more. The only check on price is not demand but rather caution among the bankers handling the sale, because a series of recent offerings in Hong Kong have dropped after listing. …
TPV Technology said third-quarter profit rose 26% as the world’s biggest contract maker of computer monitors increased sales of flat-panel televisions.
Net income advanced to US$39.5 million, or 1.73 cents a share, from US$31.4 million, or 1.4 cents, a year earlier, TPV said in a statement to the Hong Kong stock exchange today. The company was expected to report a profit of US$41 million, the median of three analysts’ estimates in a Bloomberg survey.
Inventec Co. rose to a two-year high on plans to form a venture with TPV Technology, the world’s biggest contract maker of computer monitors, to make personal computers.
Hong Kong-listed TPV will hold 51% stake in the US$20 million ($27.8 million) venture, it said in a statement to the Hong Kong stock exchange today, with Inventec taking the remaining stake.
The world’s fourth largest maker of laptops climbed 1.5% to NT$20.95 (90.2 cents) as of 9:17 a.m., the highest since July 26, 2007, while the benchmark Taiex index added 0.8%.
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TPV Technology, the world’s biggest contract maker of computer monitors, plans to form a venture with Inventec Co. to make PCs, TPV said in a statement to the Hong Kong stock exchange today.
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The listed unit, Wynn Macau Ltd, will sell 20% of its enlarged share capital, said a source who declined to be identified. The tentative listing date for the IPO is set for Oct 9, the source added.
TPV Technology, the world’s biggest contract maker of computer monitors, said first-half profit fell 43.5% as the global recession curbed technology demand.
Net income declined to US$54.7 million ($79 million), or 2.47 US cents a share, from US$96.8 million, or 4.42 US cents, a year earlier, TPV said in a statement to the Hong Kong stock exchange today. Sales fell to US$3.1 billion from US$4.9 billion a year earlier.
Wilmar International (WIL SP), the world’s biggest palm oil trader, rose 1.2% to $6.06. The company said it has applied to list its China operations on the Hong Kong Stock Exchange.
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