Issue: May 10, 2006   (Archive)
Thursday, April 2, 2015   

URA to check out bids at hotel site
The Urban Renewal Authority will launch a hotel site next month in Tai Kok Tsui, valued at around HK$386 million.

Country Garden stake sale
Ping An Insurance Group (2318) has decided to purchase a 9.9 percent stake in Country Garden Holdings (2007) for about HK$6.3 billion.

Cape Road houses top latest sales
Peterson Group has priced two unsold houses at its No7, 9 and 11 Cape Road project in Stanley at between HK$62,000 and HK$69,000 per sellable square foot.

Old hands on
New World Development (0017) honorary chairman Cheng Yu- tung has resigned as chairman and executive director of Melbourne Entertainment (0158) for health reasons.

Broker joins fray
Shanghai-listed Everbright Securities said it will join other mainland securities firms in raising funds in Hong Kong to expand and boost margin trading.

Evergrande in beauty play
Evergrande Real Estate Group (3333), China's second largest developer by sales, took a further step into the beauty industry with plans for a nearly 80 million yuan (HK$100.06 million) investment in a beauty and plastic surgery hospital in Tianjin.

StanChart rings in changes
Standard Chartered (2888) said senior executive Viswanathan Shankar has quit and the bank also announced a number of management changes as it seeks to turn around its fortunes.

Mainland equities surge
Stocks in China jumped to new seven-year highs on hopes that the country's troubled factory sector is regaining traction, and as retail investors continue to flock to Asia's best performing market betting on further gains.

Investors must brace for BYD's roller-coaster ride
Despite the 1.1 percent drop overnight of the Dow Jones index, China and Hong Kong shares were unaffected yesterday.

No margin for error
The Shanghai Composite Index opened higher yesterday but finally took a break to close 37 points lower at 3,749.

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