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Xiao Nan Guo cancels Hong Kong IPO
Xiao Nan Guo cancels Hong Kong IPO
The Chinese restaurants operator cited recent excessive market volatility as the reason for pulling out.
Asian Citrus profit up 89.6% to RMB1.11bn
The group mulls diversification of its agricultural business into the production of tropical fruits that will ensure better utilization of the existing distribution network for fresh fruits.
Man Sang International expands into China microcredit business
The group also appoints Zhang Huaqiao as Executive Director and CEO to lead expansion.
Vodafone jumps from SmarTone to Hutchison Telecommunications
Hutchison Telecommunications Hong Kong will be Vodafone’s “preferred non-equity partner” in the city following the end of a seven-year partnership with SmarTone.
Judges to get salary increase
The Chief Executive in Council has decided to adjust judges' and judicial officers' pay by 4.22%.
Kingsoft unveils new cloud computing and mobile internet products
The software developer launched WPS Office 2012, Kingsoft Secured Cloud Storage, Kingsoft Kaipun and Kingsoft Office Mobile Edition.
Yip’s Chemical targets building CNY300mn butyl acrylate production plant
The company will capitalise on the enormous demand for the chemical in China.
New Heritage issues HK$75mn convertible notes
The notes, with 6% per annum interest, further enhances the developer’s financial Position and flexibility for future business development.
Sustainable Forest ties up with CITIC Merchant
The two companies enter into non-binding term sheet for a proposed acquisition of 90% interest of a biomass power plant.
CapitaLand (HK) Investment Limited is dissolved
CapitaLand's Hong Kong subsidiary was dormant and placed under members’ voluntary liquidation prior to dissolution.
Mortgage Corp. first half profit up 19%
But the company expects "considerable challenges" in the second half, brought about by uncertainties in the global economy.
August composite interest rate up to 0.33%
The weighted deposit rate also climbed to 0.32%.
Banks to upgrade safety features in sending passwords via SMS
Lenders and EPS will enhance their monitoring of suspicious transactions before upgrade launch.
Everbright International picked as Hang Seng Corporate Sustainability Benchmark Index member
The company was able to pass a very stringent selection process that appraised its contribution to sustainable development.
StanChart: No job cuts in Hong Kong
The bank will also employ an additional 1,000 staff globally this year.
En+ Group mulls Hong Kong listing
This is to support its hydropower and production facilities expansion in Russia.
SingPost to set up joint venture in Hong Kong
The company will be investing HK$1.5m, taking up a 50% stake in the JV called vPOST Hong Kong.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong