Issue: March 22, 2006   (Archive)
Friday, October 9, 2015   

Online merger on way
A pair of mainland-based companies backed by internet giants Alibaba and Tencent Holdings (0700) may merge into a US$15 billion (HK$117 billion) provider of online services, including movie and restaurant reservations.

Silver linings seen after deluge
Hong Kong stocks tracked gains on Wall Street in the past five trading sessions as mainland markets remained closed during the Golden Week holidays. The Hang Seng Index jumped 3.1 percent, or 684 points, to 22,515 points yesterday. It has gained 1,958 points in total in the past five days.

Imax and Regina rises in hopeful preview of things to come
Shares of Imax China Holding (1970) and Regina Miracle International (2188) are due to start trading today, after receiving healthy interest from gray market investors.

Crude price hike emboldens equities
A recovery in oil prices spread to stock markets and emerging market currencies yesterday, with the prospect of more support from the world's central banks offsetting more lackluster economic data.

Execs lose luster as miner faces delisting
Scores of Grand T G Gold (8399) shareholders have urged investors to vote in favor of a proposal to remove the current management team to avoid the company's delisting.

NT homes supply set for boost by Spectra
New homes supply in the New Territories is likely to be boosted by 1,000 units put up for sale this month.

CKI raises merger offer
Li Ka-shing-controlled Cheung Kong Infrastructure Holdings (1038) raised its offer to merge with Power Assets (0006) following pressure from shareholders.

Forex reserves fall on yuan play
China's foreign exchange reserves posted their sharpest quarterly decline on record during the July- September period, as the central bank stepped up intervention.

Sellers of homes still have lock on prices
Shares linked to Macau casinos and oil firms rallied, but the Hang Seng Index closed 0.1 percent lower at 21,831 points yesterday after a daily high of 22,169.

Nobel win just the tonic for medical stocks
Real Nutriceutical Group (2010) shares slid as much as 12.2 percent after proposing a rights issue at a 31.3 percent discount.

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.