SINGAPORE
CapitaMalls Asia (CMA) signed a pact to acquire its third shopping mall in Wuhan China for 1.16B yuan from a subsidiary of China Railway Construction Corp.
Fraser & Neave (FNN) shareholders to vote on the proposed sale of Asia Pacific Breweries (APB) to Heineken on September 28.
US markets were mixed on Wednesday. On the US economic data front, MBA Mortgage Applications for the week ended August 31st fell 2.5%. Stocks in the media and automobiles sectors traded higher while shares in the transportation and retailing sectors were under pressure. Looking at some major company news, Safeway (SWY +4.3% to $16.5) said it plans to file a registration statement for a potential IPO of a minority ownership stake in Blackhawk Network Holdings. In other news, Fedex (FDX -1.99% to $85.8) revised its guidance and now sees its 1Q diluted EPS in a range of $1.37 - $1.43 compared to $1.45 - $1.60 in its prior expectations. Separately, Facebook (FB +4.8% to $18.58)'s CEO Mark Zuckerberg said in a filling that he won't start selling any of its shares of the Co for at least a year.
In Europe , euro zone PMI composite was 46.3 in August in final estimation vs 46.6 in prior one. PMI services was 47.2 vs 47.5 in first estimation. Retail sales dropped 0.2% in July, as expected, vs +0.1% in June. Germany PMI services was 48.3 in August in final estimation, as anticipated by economists. In other news, ECB President Mario Draghi said to pledge unlimited, sterilized bond purchases. Regarding the stocks, Compagnie Financiere Richemont gained ground as five-month sales were in line with analysts estimates. STMicroelectronics slipped after Exane BNP Paribas downgraded the stock to "underperform" from "neutral". This morning, the Nikkei225 index opened broadly flat, while the Australian market opened higher.
CHINA - HK
CNOOC (883) asked the U.S. Committee on Foreign Investment to review its $15.1B takeover bid for Canada 's Nexen for any national security concerns, a company spokesman said.
Lenovo Group (992) agreed to buy 100% of Brazilian electronics maker CCE, for 300M reais or appx $148M in cash and stock. "The acquisition is subject to customary closing procedures and is expected to close in the first quarter of 2013."
Guangzhou Automobile Group (238) said it finalized the sale of 50% in GAC Mitsubishi to Mitsubishi Motors and Mitsubishi Corp for 1.392B yuan in order to establish a joint-venture.
China Eastern Airlines (670): The Co's parent, China Eastern Air Holding Company, "is currently considering to inject capital into the Company to further reduce the asset-to-debt ratio of the Company" through a non-public issue of shares to CEA Holding.
China Resources Land (1109) raised its FY target sales to 50B yuan from 40B (Hong Kong Economic Journal).
New World Development (17) expects to sell 4,600 homes in 2013 (Sing Tao).
China Estates Holdings (127) agreed to sell a 49% stake in Grandday Group Ltd for $500M to investment funds managed by Sparx Asia Capital.
Tencent Holdings (700) said it completed the sale of $600M in 3.375% notes, maturing in 2018.
Regent Manner International (1997) said unaudited net consolidated turnover of the Group was appx. US$132.1M for August 2012, representing a decrease of appx. 5%. The Group's net accumulative consolidated turnover for the eight months ended 31 August 2012 amounted to appx. US$1B, representing an increase of approximately 4%.
Kingboard Chemical Holdings (148)'s rating was downgraded to "Ba1" from "Baa3" at Moody's.
Google Trend HK - popular searches: SmarTone Telecommunications Holdings Ltd (315)
BOC Hong Kong (2388): ex-div HK$0.545
Sinopec (386): ex-div HK$0.09
CNOOC (883): ex-div HK$0.135
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