BDI.L Share News (BDI)

China-based cement manufacturer Prosperity Minerals Holdings has asked for its shares to be suspended pending an announcement of price sensitive information. The company's majority shareholder has asked for its shares to be suspended on the Hong Kong Stock Exchange. At the end of November, Prosperity signed a memorandum of understanding with TCC International Holdings to sell nearly all of its cement manufacturing interests for HK$4bn (£312m). The deal is expected to be completed by the end of 2009 and the Prosperity interim results will not be published until the disposal is complete. The completion by TCC may be dependent on it raising money. The sales price is equivalent to 232p a share, according to house broker Daniel Stewart. The shares were suspended at 102.5p each. Prosperity will be left with its iron ore trading business and a 33.1% stake in Hong Kong-listed Anhui Chaodong Cement, which is valued at around £60m. Film producer and distributor Handmade says that CGI animation film Planet 51 has grossed $60m in 30 countries including the UK and US. It has yet to open in 30 countries but these are likely to be smaller markets. The DVD release is next year. Handmade is co-producer and worldwide distribution agent. Australia-based Sylvania Resources is raising £10m at 40p a share in order to finance exploration and mine development and to complete the purchase of tailings dumps from Lonmin. All the shares are being bought by M&G Recovery Fund. Sylvania called off a proposed merger with Ruukki Group in October. Cleantech company investor Low Carbon Accelerator says that there will be an uplift in its net asset value when the next figures are published in February. Changes to valuation rules appear to be helping Low Carbon. The NAV was 44.9p a share at the end of August 2009. The next NAV will be around 50p a share. TSX-listed Constellation Software has taken a 3.48% stake in Bond International Software. The stake in the recruitment sector software provider was increased to a declarable level on 10 December - the day after Bond issued a profit warning. Constellation unsuccessfully bid for AIM-quoted Gladstone at the end of 2008.