Issue: June 07, 2011   (Archive)
Monday, May 25, 2015   

Two high-fliers plunge to earth
Two of Hong Kong's best-performing stocks plunged more than 40 percent yesterday, a day after a mysterious crash of almost 50 percent in mainland solar firm Hanergy Thin Film (0566).

Hanergy trashes rumors
Hanergy Thin Film Power Group (0566) denied all rumors yesterday behind the stock's more than 40 percent plunge on Wednesday that wiped off HK$144.30 billion in its market capitalization.

Peak-season strike threat
Cathay Pacific flight attendants have threatened to carry out a summer strike if management does not scrap a new policy to reduce salaries and perks for cabin crew.

Iconic amusement park returning
The Lai Chi Kok Amusement Park - or Lai Yuen - might be permanent yet, depending on the public response to a 70-day "resurrection" of the theme park on the Central Harbourfront next month.

New ESF chairman warns of 29pc fee hike
English Schools Foundation fees for new enrolments might rise a hefty 26 to 29 percent in the 2016-17 academic year when the government pulls the plug on its subvention.

Flak flies over office changes
Director-General of Civil Aviation Norman Lo Shung-man could face disciplinary or administrative action over unauthorized changes to his office in 2012.

MTR blasted on Walder payout
Shareholders heaped hot words on MTR Corporation Limited (0066) management over a golden handshake given to former chief executive Jay Walder and a massive cost overrun due to delayed construction of a cross-border express rail link.

Pledge by new ESF chairman
On his first day as board chairman Abraham Shek Lai-him has promised to make sure the English Schools Foundation continues to grow.

Top cop explains security picture to Beijing official
Commissioner of Police Stephen Lo Wai-chung yesterday met the secretary of the Central Political and Legal Affairs Commission the first time a new police chief has met with a high-ranking official during a duty visit.

'Dream Bear' cleared
Lew Mon-hung had three of his dreams come true yesterday.

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