Issue: May 10, 2006   (Archive)
Tuesday, May 26, 2015   

Malaysia Airlines revamp due
Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding and changes planned to its fleet and network strategies.

New scheme to boost local funds
The mutual recognition of funds is a shot in the arm for the SAR, Hong Kong Investment Funds Association chairman Bruno Lee Kam-wing believes.

Gold fund en route
China has established a fund that is expected to raise about 100 billion yuan (HK$125 billion) for gold-related investment as part of its "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, official media said.

Options launch
The China Financial Futures Exchange, or CFFEX, will soon launch the country's first stock index options, state media reported yesterday, giving investors more hedging tools as the government steps up financial market reforms.

New bank makes for bigger cake to slice
When many investors were concerned about high-flying A shares and the Hang Seng Index, a simple new policy related to the link between onshore and offshore mutual funds was enough to push the Shanghai Composite Index to a seven-year high, and the local index to hit close to 28,000 points.

Crunch time for Greeks to pay
Greece intends to make good on its debt obligations, but needs aid urgently to be able to do so, the government said yesterday, after several senior officials insisted Athens had no money to pay a loan instalment falling due next week.

Hanergy boss `got US$200m loan'
Hanergy Thin Film Power Group (0566) chairman Li Hejun reportedly secured a US$200 million (HK$1.56 billion) loan, pledging millions of Hanergy shares as collateral two days before the stock fell last week.

Rush on for Tseung Kwan O flats
CK Hutchison (0001) will put 401 flats at The Beaumount II on the market on Thursday, after the Tseung Kwan O project was reportedly more than 10 times oversubscribed.

Forgame placement
Mainland webgame developer and publisher Forgame Holdings (0484) said it is raising up to HK$314 million in a share placement to support its expansion.

SOCAM to dump two firms
SOCAM Development (0983), controlled by Vincent Lo Hong-sui, stands to cash in nearly HK$3.35 billion by unloading its entire stakes in two companies.

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