Issue: November 08, 2010   (Archive)
Wednesday, July 30, 2014   

759 operator thinks big
CEC International Holdings (0759) posted a net profit of HK$23.77 million for the year ended April 30, up 18 percent thanks to soaring revenues from retailing.

Investors savor second helping of WH Group IPO
The retail tranche of WH Group, which is seeking HK$16 billion from this year's second largest initial public offering, was 54 times oversubscribed, freezing HK$44.3 billion.

Twin projects net Sino Land almost $10b
Sino Land (0083) sales neared HK$10 billion, with HK$8 billion from Mayfair by the Sea in Tai Po and HK$1.8 billion from Park Metropolitan in Kwun Tong.

GDP rise seen on target
The mainland economy will show stronger impetus in the second half, with annual growth likely at 7.5 percent, the People's Daily said.

Past haunts investors amid surge
Geopolitical jitters failed to sway investors in the mainland and Hong Kong yesterday, with both the Shanghai Composite Index and Hang Seng Index climbing higher.

More cities slam doors on rules
Three more mainland cities - Hangzhou, Shijiazhuang and Xuzhou - have eased home- purchase restrictions amid an increased housing supply and sliding demand.

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.

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