Issue: June 21, 2012 (Archive)

Wednesday, June 19, 2013

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SFC milestone as buyback ordered
Hontex International Holdings (0946) agreed to buy back shares of minority shareholders for HK$1.03 billion as it could face further court battles with the securities regulator.

$1b Tseung Kwan O plot up for grabs
A plot in Tseung Kwan O, on which more than 300 residential units can be built, opens for tender tomorrow carrying a price tag of HK$1.19 billion.

China stands by rare earth policies
China has denied accusations that it limits rare earth mining and exports amid a challenge at the World Trade Organization, saying controls are meant to protect the environment and are in line with free trade commitments.

Chain puts IPO plan on table
Xiao Nan Guo Restaurants Holdings yesterday revived its initial public offering plan, hoping to raise up to HK$511.88 million by selling 341.25 million shares.

HKMA opens the way for more yuan action
As many as 30 banks are interested in using a new liquidity facility being set up by the Hong Kong Monetary Authority that offers both the Hong Kong dollar and the yuan.

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