Issue: May 10, 2006   (Archive)
Tuesday, July 29, 2014   

Chun Wo trims stake sale fear
Chun Wo Development (0711) will explore overseas business through joint ventures and may introduce strategic shareholders, its boss said yesterday, responding for the first time to questions about why its controlling shareholder is considering selling stakes.

Race for Le Riviera
Midland Realty (1200) has set up a special store for the new Shau Kei Wan project, Le Riviera, by Hip Shing Hong.

Package sales for studios scrapped
Mont Vert units with less than 200 sellable square feet will be sold separately instead of in a package, says Cheung Kong Holdings (0001) executive director Justin Chiu Kwok-hung.

Sogo operator posts rise in net profit
Department store operator Lifestyle International (1212) said interim net profit rose 2.9 percent to HK$1.02 billion, excluding a one-off gain a year earlier.

Five win nod on bad loan
China's banking regulator is allowing governments in five places including Shanghai to set up asset-management companies to buy bad loans from financial institutions, three people with knowledge of the matter said.

Lloyds fined 218m
Lloyds Banking Group will pay 218 million (HK$2.87 billion) in fines to British and US regulators for attempting to rig interbank lending rates, the lender said.

Time to seek ways to fly through security challenges
The Hang Seng Index continued to rally yesterday, rising to a 3-year high.

Sinogreen rises on Macau target
Shares of Sinogreen Energy International Group (1159) rose 46 percent after "Asia's new King of Gambling" Lam Yin Lok proposed a full acquisition of the firm and it revealed plans to enter Macau's gaming market.

Pioneer bank ups reform pace
China's state-run Bank of Communications (3328) has applied for an increased level of privatization now that a research team working on ownership changes has completed much of its work.

Changes showing positive effect
I mentioned last week that the mainland's economic performance wasn't bad, given that annual GDP growth is expected to come in at between 7.4 and 7.5 percent.

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