Hong Kong

Hypermarket operator targets $1bln in HK IPO

Sun Art Retail Group also plans to add 51 new hypermarkets in the mainland within the next two years.

Hypermarket operator targets $1bln in HK IPO

Sun Art Retail Group also plans to add 51 new hypermarkets in the mainland within the next two years.

China Development Bank plans second yuan-denominated bond issue in HK

Market sources say this could happen as early as this quarter.

Patient Satisfaction Survey report endorsed by HA

The Hospital Authoritydiscussed and endorsed the first HA-wide Patient Satisfaction Survey report.

Organic watermelon festival held at Tuen Mun Farmers' Market

A Local Organic Watermelon Festival has been held at Tuen Mun Farmers' Market.

China Rongsheng Heavy Industries inks 3 European shipbuilding deals

The US$400mn deals raised amount of the Group’s new orders in the 1H2011 to more than US$1.3bn.

China and Hong Kong to closley cooperate in hydrographics

The China Maritime Safety Administration and the Hong Kong Marine Department held a friendly meeting in Guangzhou on June 21 and 22 to forge close co-operation in hydrographic matters between the two sides.

HAD to adopt new initiatives in building management

The Home Affairs Department is adopting a multi-pronged approach in its efforts to enhance building management and raise public awareness of building management and safety.

Asia Cassava Resources 2010 profit to HK$82.7mn

The company mulls to establish its Vietnam plant to procure local dried cassava chips.

Coastal Greenland 2010 profit dropped to HK$149mn

Expected Renminbi appreciation, continued urbanisation, and rising household incomes seen to boost China’s property market in the long term

May Exchange Fund up $43.4bn

Hong Kong’s monetary base at the end of May down 0.5% to $1.05tn behind a decrease in Certificates of Indebtedness.

Comba Telecom inks pacts for base station antennas in Latin America

A major OEM customer picked Comba antennas to its wireless network project as it upgrade and enhance its existing networks and build new networks.

Sha Tin residential site up for auction

At least 970 flats must be built on the 23,056 m² site.

Renminbi deposits up 7.5%

Deposits grew to RMB548.8 billion.

China Gas 2010 profit up 40.2% TO HK$827.4mn

The group sees more growth opportunities behind China’s implementation of its Twelfth Five-Year Plan which put emphasis on the clean energy sector.

Sustainable Forest 2010 profit up 24.9% to HK$341.5mn

Group’s revenue from continuing operations surged 229% behind its 20 fold increase in sales of its forestry and timber products business.

Neo-Neon posts 2010 profit of HK$116mn

Group reported a HK$1.7bn turnover, an increase of 53.9% behind expanded production capacity.

Fairwood profit up 32.8% to HK$123.8mn

The fast food operator was able to provide more variety and better value products to our customers, which sustained its growth.