Thursday, July 28, 2011
China's top hypermarket operator Sun Art Retail group soared as much as 41 percent on its Hong Kong trading debut Wednesday, after raising US$1.06 billion from its initial public offering.
Wednesday, July 27, 2011
Ailing Macau casino tycoon Stanley Ho has sold part of his property-and-transport firm to his daughter Pansy, one of several relatives he sued earlier this year in a high-profile family row. Ho's daughter, managing director of Shun Tak Holdings, bought 36.3 million shares of the Hong Kong-listed firm, increasing her stake to 12.67 percent from 11 percent, according to a stock exchange filing late Monday.
Tuesday, July 26, 2011
HSBC Hong Kong on Monday apologized for printing a batch of flawed HK$100 (US$12.8) notes depicting the petals of the Bauhinia flower — the city's emblem — pointing in the wrong direction.
A Hong Kong utility says it's buying a stake in a nuclear power plant in southern China for US$11 billion. CLP Holdings Ltd. said Monday its nuclear investment unit is investing 70 billion yuan (US$10.8 billion) for 17 percent of the Yangjiang Nuclear Power Station.
Hong Kong International Airport saw a 5.7 percent rise in passenger numbers to 25.8 million travelers in the first half of this year, the territory's airport authority said Sunday. The authority said the number of aircraft arrivals and departures surged 12.1 percent to a record 162,485 aircraft movements.
Thursday, July 21, 2011
The world's biggest firms are increasingly setting up shop in Asia's booming economies, a survey said Wednesday, as Hong Kong topped a list of the world's most popular cities for global businesses.
Saturday, July 9, 2011
Two South Korean companies said Friday they had submitted preliminary bids to buy a controlling stake in Hynix Semiconductor, the world's second-largest memory chip-maker. Top mobile carrier SK Telecom and shipbuilder STX Group sent letters of intent to creditors-turned-shareholders to buy a 15 percent stake before the deadline Friday afternoon.
Friday, June 24, 2011
Women's rights groups staged a noisy protest against Italian fashion house Prada in Hong Kong Thursday, a day ahead of its listing in the city, accusing the brand of sexual discrimination.
Saturday, June 18, 2011
Hong Kong's soaring house prices are “quite frightening” and are being fueled by wealthy buyers from China, the city's chief executive said Friday. In an interview carried by government-run radio station RTHK, Donald Tsang said property prices had been rising at a rate of 2 percent a month for the past 30 months.
Friday, June 10, 2011
A Hong Kong government land auction failed to achieve the expected record price, indicating that higher mortgage rates and government measures to cool the property market are having some effect.