Business Digest, October 30, 2012

PUBLISHED : Tuesday, 30 October, 2012, 12:00am
UPDATED : Tuesday, 30 October, 2012, 4:26am


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Nearly 99pc of Hontex investors take buyback

Hontex, a Fujian-based fabric maker accused of issuing misleading and fraudulent information in its Hong Kong initial public offering prospectus, said 98.73 per cent of its investors had accepted its offer to buy back their shares. The Securities and Futures Commission fined the firm HK$42 million, and Hontex agreed to the buyback. The offer closed yesterday. The public float no longer meets listing requirements. Trading in Hontex shares remains suspended. Ray Chan

EU slaps 5-year tariffs on aluminium radiators

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