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Tseung Kwan O site awarded to Fortune Precision
Tseung Kwan O site awarded to Fortune Precision
It’s on a 50-year land grant at a premium of $1.86 billion.
Cathay Pacific Airways and HAECO join forces
The two companies sign on airframe inventory technical management.
Mortgage Corp posts $1.26bn profit
The company has maintained the credit ratings of AAA by Standard & Poor’s and Aa1 by Moody’s.
HKRH posts 97% fourth quarter sales growth
Sales of HKRH’s franchisees to their end customers up by 90%.
ADB and six other grants financial backing to China Everbright International
Support aimed to develop its waste-to-energy projects.
Hong Kong and Shanghai improve ties
Hong Kong will back the establishment of the joint venture company of the Stock Exchange of Hong Kong, Shanghai & Shenzhen.
HKMA grants licence to China Minsheng Bank
China’s ninth largest bank is the 153rd licensed bank in Hong Kong.
China includes Sino Oil and Gas’ project in 12th Five-Year Plan
The company’s Sanjiao coal bed methane project is dubbed as a core project in the plan.
Only for the brave: the Mainland’s still a tough market
The Chinese mainland has its problems but still offers business opportunities for Hong Kong businesses that can afford the uncertainties and risk.
Hang Seng loses a fifth of its value; prospects bleak
After losing a fifth of its value in 2011, the Hang Seng Index staggered into 2012 facing the stark reality of even more crippling losses.
Kai Shi China lists on the Main Board of HKEx
The company plans to raise up to HK$180mn by international placing and Hong Kong IPO of 150mn shares.
Dragonair backs air services arrangement between Hong Kong and Taiwan
The ASA seen to provide better opportunities in strengthening Hong Kong’s position as an aviation hub.
Renminbi deposits in Hong Kong up in November
There was a 1.4% increase while Hong Kong dollar deposits jumped by 0.4%.
HKMA backs China Development Bank's renminbi bonds issuance
The lender will be the first financial institution in China to make use of the platform to issue renminbi bonds.
Noble House (China) plans GEM Board of HKEx listing
The Chinese restaurant chain in the PRC targeting customers with strong purchasing power places 98mn shares at HK$0.55-HK$0.85 per share.
Hilong’s new drilling rig starts operation in Ecuador
The company expands rapidly in international oilfield services market.
Hong Kong people spend US$1.9bnn on online shopping in 2011
PayPal study said figure expected to grow to US$2.5bn by 2015.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong