Issue: June 29, 2012 (Archive)

Saturday, May 25, 2013

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Northern front eases for HKEx
Hong Kong Exchanges and Clearing (0388) has signed a deal with its Shanghai and Shenzhen counterparts to develop more cross- border products and improve trading at the three bourses.

Coal producer leads IPO rush for $11.4b
Six listing candidates open retail book today, aiming to raise a combined HK$11.44 billion from the market.

Beaumount set for bumper day as 2,000 vie for flats
About 2,000 individual checks have been placed to secure flats at The Beaumount in Tseung Kwan O, which kicks off sales today.

Keep hope alive amid gloomy times
News that Germany is keen to reject any notion of issuing euro bonds is likely to have doomed the two-day summit of European Union leaders concluding today.

Yurun Food shares feel cash-scare bite
Shares of China Yurun Food Group (1068) plunged 12.73 percent to a six-year low of HK$6.50 after a report by mainland brokerage Shenyin Wanguo mentioned "inefficient financing arrangements."

Modern Beauty insists it came clean on earnings
Modern Beauty Salon Holdings (0919), which reported a slump in annual earnings denied yesterday it had deceived investors by posting a positive profit earlier.

Lau charged with bribery
Chinese Estates Holdings (0127) chairman Joseph Lau Luen-hung has been charged with bribery and money laundering by Macau authorities over the acquisition of five residential sites in the former Portuguese enclave. Lau's trial will start in Macau on September 17, the firm said in a statement yesterday.

Beijing offers `highest coupon' to HK people
Hongkongers will reap the rewards of the 5.5 billion yuan (HK$6.71 billion) retail tranche of the latest batch of China sovereign bonds, the Finance Ministry said yesterday.

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