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ChinaVision takes over China Entertainment Media Group

ChinaVision takes over China Entertainment Media Group

Together with introduction of Tencent as a strategic investor, the move creates a leading media entertainment company.

Royale Furniture secures HK$400mn syndicated term loan

The fund will provide sustain further expansion in China.

Comba gets deal to supply wireless solution to Taiwan High Speed Rail

The company will supply a complete turnkey solution from system design, installation, optimisation and commissioning of the Hukou To Freeway No.2 Tunnel Section.

Sun Hung Kai wins MTR Corp residential site tender

The developer won with the highest bid of approximately HK$11.8 billion.

Hotel site in Kowloon to be sold by tender

A residential site in Lantau will also be sold by public tender.

HKRH’s retail sales under 3D-GOLD Brand surged 113% during the National Day Golden Week Holiday

Sales of 3D-GOLD’s self operated and franchised shops in China soared 115%.

Companies Registry 2010-11 profit reaches $226mn

The launching the e-Registry has seen 143,797 new companies being incorporated.

Land Registry FY2011 profit soars to 35.9%

The agency has launched a new option involving two stages of automatic conversion to accommodate divergent views and concerns of stakeholders.

Hong Kong launches offshore CNY-denominated gold product

Renminbi Kilobar Gold, the world’s first offshore Renminbi-denominated spot gold contract ends initial trading with value of CNY111.7mn.

HKMA: Hong Kong is Spain’s CNY business centre

Chan believes Hong Kong can provide the best support for Spanish corporations and financial institutions to conduct renminbi businesses as the currency’s internationalisation progresses.

New World Development plans to raise up to $1.6b via rights issue

The rights issue will involve up to 2.17 billion rights shares.

Technovator lists in HKEx Main Board

Company eyes to raise HK$146.4mn to pursue product and technology purchase opportunities and strategic acquisitions and alliances.

Studies on paternity leave to be conducted

A study on paternity leave is underway, announces Secretary for Labour & Welfare Matthew Cheung.

Draft of Hoi Ha plan gets approved

The Chief Executive in Council has approved the draft of the plan of Hoi Ha Development Permission Area. The Planning Scheme Area covers an area of about 8.76 hectares. It is encircled by the Sai Kung West Country Park on three sides and fronts onto the Hoi Ha Wan Marine Park.  Amid the Sai Kung West Country Park, the Area is part of the wider natural system of the Sai Kung countryside.  The general planning intention of the Area is to protect its high landscape value, which complements the overall natural quality and the landscape beauty of the surrounding Sai Kung West Country Park and Hoi Ha Wan Marine Park.

Drafts of Wang Tau Hom and Tung Tau Outline zoning plans get approved

The Chief Executive in Council has approved the draft of Wang Tau Hom and Tung Tau Outline Zoning Plans.

Draft of Pak Lap plan gets approved

 The Chief Executive in Council has approved the draft Pak Lap Development Permission Area Plan.