Porda International (Finance) PR Group
Headquartered in Hong Kong, Porda Finance provides its clients locally and throughout the Greater China region with a full range of PR services. We specialize in providing investor and media relations, IPO communications, roadshows, design and maintenance of corporate images, management training, event organization, crisis management and promotion strategies.
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C Y Foundation Group Limited, a Chinese interactive digital entertainment company, ("C Y Foundation", HKG:1182), today announced that the Company entered into an Agreement ("the Agreement") with Paradise Entertainment Limited (HKG:1180) on 21 August 2009 for the subscription of 6% New Convertible Notes in the aggregate principal amount of HK$20 million with an option to subscribe for the Additional Notes in an aggregate principal amount of HK$20 million.
Piper Jaffray Asia Securities Limited has rated Fufeng (HKG:0546) at "Buy" and has raised its target price from HK $3.70 to HK $4.10 after Fufeng announced its 2009 interim results. Fufeng posted first six months net profit at RMB 354 million, up 312% when compared with the same period of last year.
SBI E2-Capital has rated Fufeng (HKG:0546)(PINK:FFNGY), at 'buy', and set its target price at 4.51 Hong Kong dollars. The securities dealer deems that the cost advantage and capacity expansion will be the growth momentum of Fufeng in the following several years, which MSG will be accounting for 30% to 35% and xanthan gum accounting for 45% to 60% long term market share.
Fufeng Group Limited ("Fufeng" or "the Company", together with its subsidiaries collectively known as "the Group"; HKG:0546), a leading vertically integrated manufacturer of corn-based biochemical products in China, today announces its outstanding interim results for the six months ended 30 June 2009.
China National Resources Development Limited ("the Group", Stock Code: 661), a natural mineral resources developer in the PRC, announced that it has changed its company name to "China Daye Non-Ferrous Metals Mining Limited". The Group's English short name for shares trading on the Hong Kong Stock Exchange will be changed to effective on 21 August 2009. The new name will be more clearly to convey the nature of the business by focus on the natural mineral resources business.
Piper Jaffray Asia Securities Limited upgraded Fufeng (HKG:0546) to BUY rating after meeting with its management. Projected the new target price is HK$3.70 based on 8x FY09E P/E and volatility is high. They increased their FY09 and FY10 earning estimation by 74% and 86% to Fufeng as the lower production cost in the new Inner Mongolian plant. And operating margin in FY09 will be increased to 17.5% and higher MSG output in FY10E.
Lee's Pharmaceutical Holdings Limited ("Lee's Pharmaceutical" or the "Group", HKG:8221), an integrated research-driven and market-oriented pharmaceutical group in China, today announced its interim results for the six months ended 30 June 2009 (the "period under review").
China National Resources Development Limited (HKG:0661), a natural mineral resources developer in the PRC, is pleased to announce that China Daye Non-ferrous Metals Mining Limited has signed a strategic cooperation framework agreement with the Government of Xinjiang Ili Kazakh Autonomous Prefecture of China (the "Ili Government") for the joint development of the nonferrous metals and mineral resources in Xinjiang on 5 August 2009.
China's largest down apparel company, Bosideng International Holdings Limited ("Bosideng" or the "Company"; HKG:3998, together with its subsidiaries the "Group") has won two major awards in the PRC on August 8, 2009. It has once again received the "China Mask Award" for three consecutive years at the 3rd China Brand Festival Award Presentation Ceremony. It was given the title as "Invincible General Delivering Stable Growth". On a separate occasion, Bosideng was named amongst "2008-2009 Top 10 Most Competitive Enterprises in the China Apparel Industry" by China National Textile and Apparel Council ("CNTAC").
C Y Foundation Group Limited (HKG:1182; "C Y Foundation") announced the authorized website of 'Rohan' of China (www.rohan.cn) is officially launched. C Y Foundation obtained exclusive distribution rights to distribute and market 'Rohan' in China. Rohan is a massive multiplayer online game ("MMORPG") that has been ranked one of Korea's top 10 multiplayer online games for the past three years.
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