Asian Activities Report for December 5, 2011: Chow Tai Fook to IPO on Hong Kong Stock Exchange

Sydney, Dec 5, 2011 AEST (ABN Newswire) - Chow Tai Fook Jewellery Group Ltd. is preparing to launch what may become Hong Kong's biggest initial public offering in 2011, aiming to raise as much as HK$22 billion, with stock expected to start trading on December 15th. The Hong Kong based luxury-goods company has more than 1,400 outlets in China, with net income of more than HK$6.3 billion in the year ending March 31. As China's retail sales growth remains robust, the Company expects to further expand its retail network in Greater China.

Nissan Motor Co., Ltd. (TYO:7201) announces that its 100% electric Nissan LEAF has won the Car of the Year Japan 2011-2012 award at the 42nd Tokyo Motor Show, the first time in the Show's long history that an electric vehicle has won this prestigious award. Nissan LEAF is a zero-emission vehicle that emits no CO2 while it is being driven. It has strong and smooth acceleration performance, excellent quietness, outstanding riding comfort and superb handling stability.

Exoma Energy Limited (ASX:EXE) confirms that its recent Katherine-1 well in the Galilee Basin in Central Queensland has the potential to be a significant onshore oil resource. Studies indicate that Katherine West structure may contain up to 177 million barrels of oil in place, in addition to 458 million barrels of potential oil in place at the adjacent but undrilled prospect - Katherine East. Follow-up drilling is expected in 2012.

Phoenix Gold Limited (ASX:PXG) announces the result of its latest drill programme completed at the Castle Hill Project in the Goldfields region of Western Australia. Drilling intersects significant high-grade mineralisation including 10 metres at 9.92 grams per tonne gold. The Company is expecting an upgrade of 559,000 ounce resource in march quarter 2012.

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