ChinaScope Fina...'s  Instablog

Prepared by ChinaScope Financial | Source:Company Disclosure

• On April 24, China Modern Dairy Holdings Ltd. (01117: HKG) (the company) made clarification on certain rumors in relation to a possible acquisition of the company by a third party, indicating that it has not received any approach from any party in relation to any proposed acquisition of the company.

• On the same day, China Mengniu Dairy Co., Ltd. (Mengniu) (02319: HKG) also released a clarification announcement regarding recent market rumors that Mengniu may acquire a company listed on the Hong Kong Stock Exchange which is engaged in dairy farming business. Mengniu confirms that there have been informal talks with the alleged target company regarding a possible acquisition of certain assets. Mengniu reiterates that such talks are very preliminary and it has not made any decision regarding the alleged acquisition.

Prepared by ChinaScope Financial | Source:Company Disclosure

• Datang International Power Generation Co., Ltd. (00991: HKG; 601991: SHA) announced that the trial run of No. 1 generation unit of Ningde nuclear power project in Fujian province, of which Datang International Power owns a 44 percent stake, was completed on April 15. The generation unit has been put into commercial operations.

• The total planned installed capacity of the Ningde nuclear project is 6 GW.

Prepared by ChinaScope Financial | Source:Company Disclosure

• Anhui USTC iFlytek Co., Ltd. (002230: SHE) announced yesterday that it plans to raise approximately CNY 1.75 billion through a private placement of 90.4 million shares at a price of CNY 19.4 per share. Proceeds will be used to replenish the company's working capital.

• Upon completion of the private placement, China Mobile Ltd. (00941: HKG; CHL: NYSE) will become the largest shareholder of the company by owning a 15 percent stake.

• The financial report of Anhui USTC iFlytek Co., Ltd. shows that company revenue for 2012 increased 40.7 percent year-on-year (YoY) to CNY 784 million. Net profit attributable to common shareholders for 2012 was CNY 182 million, an increase of 37.5 percent on 2011.

• Anhui USTC iFlytek Co., Ltd. is a software company that specializes in the research of intelligent voice and language technology, the development of software and chip products, and the provision of voice information services, among others.