Issue: March 22, 2006   (Archive)
Wednesday, July 23, 2014   

Retail rents seen slumping 8pc in upscale areas
Retail rents at top-tier districts may fall up to 8 percent this year amid a slowdown in sales and high rents, compelling brands to migrate to northern districts in search of better opportunities.

Home run for Cheung Kong
Cheung Kong Holdings (0001) launched another 115 flats at its Mont Vert project, while Sino Land (0083) offered 30 more units at Park Metropolitan.

NWS seeks highway stake
NWS Holdings (0659), the infrastructure and service flagship of New World Development (0017), is to take a 51 percent in Zhaoqing Highway Development, operator of the Erguang Expressway in Guangdong, for HK$3.2 billion.

Property, electronics lift sentiment in SME poll
Bullish views in hotel and catering, communication and property sectors offset a pessimistic outlook for the third quarter held by businesses in three other industries, the latest reading of The Standard Chartered Hong Kong SME Leading Business Index showed yesterday.

Stocks follow capital lead
Despite little movement overseas, mainland and Hong Kong equity markets found excuses to go up.

Telecom plays catch-up with 4G launch
China Telecom (0728) launched its 4G service covering 16 mainland cities yesterday, offering monthly plans ranging from 59 yuan (HK$74) to 599 yuan.

Leaner IPO for pork giant
WH Group is set to raise up to HK$16 billion in a scaled-down initial public offering, a person with direct knowledge said yesterday, marking the mainland pork producer's second attempt to list this year after investors rebuffed a pricier deal.

Weigh up the risks
Hong Kong stocks remained sluggish yesterday, unaffected by last week's rally on Wall Street.

Bourse censures firm for breaching listing rules
OTO Holdings (6880) has been censured by the Hong Kong stock exchange for breaching the bourse's listing rules.

China Mobile leap
China Mobile (0941) posted the largest month-on-month net gain in fourth-generation subscribers in June - up 76.1 percent to 5.83 million users.

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