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Drainage department awards $528M for treatment works

Drainage department awards $528M for treatment works

The Drainage Services Department has awarded a $528 million contract for upgrading the preliminary treatment works at Sandy Bay, Cyberport, Wah Fu, Aberdeen and Ap Lei Chau.

Powerlong’s contract sales disappointing at RMB2.3b in 1H 2011

Moody’s says its new private debt placement of HK$1b won’t impact its negative outlook.

Citic Securities sets price guidance for Hong Kong listing

The publicly traded brokerage will price the shares at between a discount of 13% to its Shanghai-listed shares and a premium of 3%.

HSBC seeks larger quota for yuan bonds

This is amidst surge in the bank’s yuan deposits in Hong Kong.

Convictions for environmental breaches reach 25 in August

Twenty-five convictions were recorded in August for breaches of legislation enforced by the Environmental Protection Department.

Novo Group’s revenue plunges 43.5% to US$66.2m in 1Q12

It’s no surprise as many steel enterprises reported sharp decreases in profits due to the surging prices of steel related raw materials, iron ores and coals.

Massimo Bonini's concept store opens in Hong Kong

Massimo Bonini, a renowned Italian showroom for Italian brand name shoes and accessories, announced the unveiling of its first worldwide concept store in Hong Kong.

Customs seizes fake dried deer tendons

The Customs and Excise Department seized 187 catties of suspected fake dried deer tendons worth about $41,200 in a series of raids on 28 dried food retailers last week.

ETFs forecast to be launched before the end of 2011

These exchange traded-funds will enable mainland investors to access stocks listed in Hong Kong.

Sany Heavy Industry to use IPO proceeds for overseas development

The construction equipment maker aims to raise $3.4b in its Hong Kong initial public offering.

Citic Bank International eyes over $234b cross-border yuan-denominated transactions in Hong Kong for 2011

This after its settlement of such transactions skyrocketed 366 percent to almost $4b in the first half.

Hongguo to offer 500mn shares in IPO

40% of the net proceeds is aimed for expansion of its retail network.

Scheme $6,000 registration phase 2 opens

More than 850,000 registration forms have been received as at Sept. 8

Hong Kong’s second quarter service industries receipts surge

Yet business receipts in import and export trade fell 4.9% and financing (except banking) by 3.9%.

China WindPower defers spin-off of tower tube manufacturing unit

The postponement of spin-off and listing caused by changes in market conditions and market volatility.

Mainland firms encouraged to use Hong Kong's creative and financial expertise

Mainland enterprises were encouraged to build up brands and access the world market through Hong Kong by promoting the city's advantages in the creative and financial industries.

Holiday risk management arrangements in place for 12 September

There will be mandatory intra-day variation adjustment calls in the Hang Seng Index, Mini-Hang Seng Index, H-shares Index, and Mini H-shares Index futures markets on Monday.