Issue: February 11, 2009   (Archive)
Wednesday, April 23, 2014   

HKEx to offer yuan metal contracts
Hong Kong Exchanges and Clearing (0388) is to launch three yuan-denominated metal contracts this year.

Pork giant halves target
WH Group, the world's biggest pork company - formerly known as Shuanghui International - is slashing more than half its proposed Hong Kong initial public offering and delaying its debut till the second week of May due to lack of demand, market sources said.

Li funds for Tipa
Tycoon Li Ka-shing is leading a US$10 million (HK$78 million) investment round in Israeli start-up Tipa, which has developed packaging for beverages that it says is biodegradable within 180 days, Israeli financial daily Calcalist reported yesterday.

Shares of CRH units feel the heat
Market capitalization worth a total HK$17.96 billion was wiped from the five locally listed arms of China Resources Holdings yesterday after its former chairman lost his job amid a graft investigation.

Yuan conversion cap may be lifted
The 20,000 yuan daily conversion cap should be lifted when the "Shanghai-Hong Kong Stock Connect" launches in six months, said Financial Services Development Council head Laura Cha Shih May-lung.

Be tougher than rest
Hong Kong stocks were sluggish yesterday after the Easter break. Turnover hit just HK$48.2 billion with the Hang Seng Index ending at 22,730. One year ago, it stood at 22,044 - just 3 percent lower.

CNOOC output belies problems
CNOOC (0883) yesterday posted a 15.5 percent rise in first- quarter output mainly due to its purchase of Canadian firm Nexen last year.

Mobile rings in profit decline
China Mobile (0941), the world's largest phone company by users, posted its third straight drop in quarterly profit as expenses for subsidizing Apple Inc's iPhone and building networks increased.

Fosun hikes hospitals offer in bidding war
Shanghai Fosun Pharmaceutical Group has raised its offer for US-listed Chindex International by 15 percent to US$223.6 million (HK$1.74 billion), amid a bidding war for the China-focused hospital chain.

Stock-trading 'through train' slows for curve
More details of the so-called "through- train" stock-trading scheme between the Hong Kong and Shanghai exchanges and the prospect of 28 companies listing dented A shares yesterday.

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