Deputy chairman lends Birmingham City HK$80m
The Hong Kong-listed company that owns English Championship soccer club Birmingham City has received a loan of up to HK$80 million from its new deputy chairman. Birmingham International Holdings said it was borrowing the money from Yang Yuezhou. The two-year loan has a 12 per cent interest rate and will be used to repay debts and as general capital. On Tuesday, the team's owner, Carson Yeung Ka-sing, was granted permission by a Hong Kong court to travel to Britain this month to visit the team. Yeung has been charged with money laundering. AP
100 evacuated as flat bursts into flames
About 100 people were evacuated from Ming Yan House at Ming Nga Court, Tai Po, when a blaze broke out in a fifth-floor flat. A man, 87, and his wife, 80, were rescued.
Police officers cleared again of bribery
Police officers Tse Kim-hung, 47, and Lo Ka-wai, 54, who had been acquitted of accepting HK$3,000 in bribes from pawnshop owners, had their acquittals upheld by Kowloon City Court after an appeal by prosecutors.
Fraud plot: Jockey Club member enters no plea
Jockey Club member To Wing, 63, a businessman, entered no plea at Eastern Court to a count of conspiracy to defraud and two of being an agent soliciting an advantage. To will appear in the District Court on September 9. He was released on HK$50,000 bail. To is the 11th Jockey Club member charged by the ICAC in the case.
Stabbed constable in stable condition
Constable Ko Chun-sing, 25, who was stabbed by the distraught father of a man whose body he was guarding in Tuen Mun on Tuesday, is in stable condition in Tuen Mun Hospital.