News
Hong Kong's REIT sector faces sharp valuation decline
Hong Kong's REIT sector faces sharp valuation decline
Meanwhile, its average leverage ratio rose to 30.2% in 2023 from 27.8% in 2022.
Five industrial buildings in Sai Kung worth $950m for sale
The total site area is 129,526 sq ft whilst the gross floor area is approximately 383,579 sq ft.
Hong Kong fines WeChat Pay HK for legal breaches
WeChat Pay Hong Kong self-reported the case.
Cathay to buy back warrants from gov't for $1.5b
The group expects to repurchase the warrants for at least HK$1.5b.
JLL postpones public auction for Kwun Tong office building
A new date will be announced at a later time.
New World Development warns of $19b to $20b loss for FY 2024
The group cited asset impairments, losses, and higher interest rates for the decline.
Retail sales value drops 11.3% YoY in July
Retail sales volume also dropped 13.3% YoY.
SFC and HKEX modify listing rules for specialist tech firms and De-SPAC transactions
The modification will apply until 31 August 2027.
Mortgage loans up 1.5% MoM in July
Mortgage loans approved in July total $24.8b.
9 subdivided unit landlords face fines for non-compliance with ordinance
The government levied fines amounting to $24,800.
Hong Kong reappoints RTHK chairman of the board
Five incumbent members of the board were also reappointed.
HSBC Singapore names James Coyle as independent non-exec director
Coyle had previously served on the boards of HSBC UK and HSBC Trust.
Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1
Interim dividend for the period is HK$0.57 per share.
Gov't seeks feedback for Kai Tak, East Kowloon mass transit systems
Since the 2023 Policy Address, the gov't has been laying the groundwork for the projects.
Tan Chong posts HK$35.9m loss in H1 2024 as automotive sales drop sharply
It reversed its HK$126.9m net profit in H1 2023.
GBA Contract simplifies data transfers for Hong Kong businesses
New regime streamlines cross-border data compliance.
HK Express to resume direct flights to Hiroshima, Japan
It will commence on 1 November 2024.
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