China Shipping Development Company Ltd

Asian Activities Report for December 20, 2011 includes: Sharp Corporation (TYO:6753) is planning to sell 90-inch LCD TVs - its largest LCD TV product in the US market in 2012; Sinopec Kantons Holdings Limited (HKG:0934) and China Shipping Development (HKG:1138) have signed an agreement to form a joint venture company in Hong Kong to build around five liquefied natural gas vessels; Mikuni Corporation (TYO:7247) says that its car parts manufacturing plant in Thailand has recovered part of its production ability, with operation recommenced on December 12th.

Last week Asian markets mostly experienced a significantly losing week and will continue to be weighed by the negative lead from US and European markets on Monday. Asian stocks Friday stumbled on disappointing company forecasts and Toyota's recall of millions of cars. For the month, China's Shanghai Composite lost 8.8%, Hong Kong's Hang Seng Index fell 8%, Australia's S&P/ASX 200 was down 6.2% and South Korea's Kospi slid 4.8% to 1602.43.