Issue: June 01, 2012 (Archive)

Wednesday, June 19, 2013

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Fosun files suit in fight over Bund plot
Fosun International (0656) has filed a civil suit in a Shanghai court to protect its pre-emptive acquisition rights for a plot in the city's prestigious Bund area.

Seven bids for Ma Tau Kok site
The Urban Renewal Authority received seven tenders for the Pak Tai Street-Mok Cheong Street project in Ma Tau Kok.

SAR takes mid spot in Asia turmoil table
HSBC Holdings (0005) said Hong Kong ranked sixth in Asia in terms of vulnerability to global stock market turmoil while the local equity market had its worst performance in the past 14 years last month.

Keep a watchful eye on the greenback
Japan's government debt is now 210 percent more than its gross domestic product. The US national debt stands at more than 100 percent of its GDP.

Infrastructure drive fuels Dongwu bid
Dongwu Cement International opens its retail book today in an initial public offering in Hong Kong that is geared to raise up to HK$160 million.

Tinge of worry as retail sales surge
Retail sales in Hong Kong climbed 11.4 percent to HK$35.7 billion in April from a year back, the latest data shows.

Yuan struggles to maintain strength
Offshore yuan deposits in Hong Kong dropped for a fifth consecutive month in April, while the value of the currency had the sharpest monthly decline since being depegged from the US dollar in 2005.

ICBC undaunted by slowdown
ICBC (1398), the world's largest bank by market value, said it will not adjust its loan growth target this year despite an expected economic slowdown in China.

AgBank executive hit by bribery probe
A high-level probe into Agricultural Bank of China (1288) executive vice president Yang Kun is linked to businessman Wang Yaohui who runs Beijing-based Zhonghui Guohua Industry (Group), the 21st Century Business Herald reported yesterday.

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