China A&H Shares Wrap: AgriBank, BoComm, KFC Supplier, COSCO

Agricultural Bank of China Ltd (SHA: 601288, HKG: 1288) has agreed to offer a ¥100 billion credit package to Beijing Shougang Steel Co (SHE: 000959) to support its development of higher value added products.

Source:
http://finance.qq.com/a/20101230/002262.htm

Bank of Communications Co (SHA: 601328, HKG: 3328), China's fifth largest lender, has agreed to offer a ¥16 billion credit package to China Gezhouba Group Co (SHA: 600068), a major infrastructure contractor.
Source: http://www.yicai.com/news/2010/12/640478.html

Sumpo Food Holdings Ltd, a Fujian province-based chicken producer who supplies KFC, is planning a Hong Kong IPO aimed at raising HK$320 million. The company processes 18 million chickens a year. It netted ¥57 million in 2009.
Source: http://www.yicai.com/news/2010/12/641042.html

Xinxing Ductile Iron Pipes Co (SHE: 000778) said Wednesday it would invest ¥3.33 billion building a molding factory in Wuhu, Anhui province.
Source: http://www.caijing.com.cn/2010-12-30/110605887.html

Wuhan Kaidi Electric Power Co (SHE: 000939) has won a $645 million contract with Vietnam's Thang Long Thermoelectric JSC, the latter said Thursday. Wuhan Kaidi is expected to build a 600,000kW coal-fired power plant within 45 months.
Source: http://cn.wsj.com/gb/20101230/BCH009039.asp

COSCO Shipping Co (SHA: 600428) said it was planning to raise ¥2.2 billion to repay bank loans for building ships and to partly fund manufacturing of another 18 ships.
Source: http://cn.reuters.com/article/vbc_cn_ind_equities/idCNnCN151853120101230

BOE Technology Group Co (SHE: 000725), a thin-film transistor-liquid crystal displays maker, has secured a ¥10.5 billion credit package from a range of banks for construction and operation of its 8.5 generation assembly line.
Source: http://tech.qq.com/a/20101230/000001.htm

China Resources Cement Holdings Ltd (HKG: 1313) said Wednesday it has established a ¥800 million joint venture with Shanxi Huabao Coking Group Co. China Resources Cement owns 72% of the new company.
Source: http://www.yicai.com/news/2010/12/640681.html

Joy.cn, a leading video site, has won ¥200 million in its first round of fundraising, CEO Lv Wensheng wrote in his microblog. The website has a database of 160,000 hours of videos and attracts 12 million visits per day.
Source: http://tech.qq.com/a/20101229/000334.htm

$1 = ¥6.62