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China National Building Material updates on proposed reorganisation involving controlling shareholder

5:29am EST

China National Building Material Co Ltd <3323.HK>: Notice states that after review, it is decided that acquisition of equity interest in sinoma group by parent not prohibited . Notice states that after review, acquisition of equity interest in sinoma group by parent can be implemented from date of notice onwards .Update on proposed reorganisation involving controlling shareholder.

China National Materials updates on announcement in relation to proposed reorganization

4:21am EST

China National Materials Co Ltd <1893.HK>: Cnbm group has received "notice of review results" issued by anti-monopoly bureau of Ministry Of Commerce Of Prc .Notice states that after review, it is decided that acquisition of equity interest in Sinoma by Cnbm is not prohibited.

Aditya Birla Nuvo Dec qtr profit down about 35 pct

Tuesday, 14 Feb 2017 02:38am EST

Aditya Birla Nuvo Ltd : Consol dec quarter net profit 2.06 billion rupees . Consol dec quarter total income from operations 33.88 billion rupees . Consol net profit in dec quarter last year was 3.18 billion rupees as per ind-as; consol total income from operations was 31.34 billion rupees . Says planning to launch payments bank services by the first half of the calendar year 2017 . For 2016-17, co planned a capex of about INR 3 billion for its divisions including towards the expansion of linen yarn and VFY capacities. . Says there will be a capital requirement to the tune of about 9 billion rupees in the financial services businesses . Deal with Grasim expected to be completed by first half of fiscal 2017-18 . Says solar power business is in the process of setting up 60 MW solar power capacity in Karnataka . Senior management team planning to launch payments bank services by first half of calendar year 2017, after obtaining approvals from RBI . Says commissioning of solar power plants in karnataka is targeted by first quarter of FY2017-18 .The profit alert was first sourced from TV and later confirmed from a press release on the NSE.

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