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Next Media shares fall on deal uncertainty
Shares of Next Media fell 5 per cent in Hong Kong yesterday on news that Want Want China chairman Tsai Eng-meng, one of the buyers in the consortium that plans to acquire Next Media's print and television businesses in Taiwan, might be disqualified under new regulations against media ownership concentration that are pending approval. Sophie Yu
 
New loan target seen as highest in four years
Beijing will set a target of 8.5 trillion yuan (HK$10.6 trillion) in new yuan loans this year and 13 per cent annual growth in the broad money supply (M2), the official China Securities Journal reported, citing anonymous regulatory sources. The new-loan figure would mean the highest level of lending in four years, it said. Reuters
 
Power generated on mainland up 4.5pc
Total power generation on the mainland rose 4.52 per cent to 4.94 trillion kilowatt-hours last year, Xinhua reported, citing data from the state electricity regulator. The country added 80 gigawatts (GW) of new installed power generation capacity last year, up 7.5 per cent year on year and bringing the total to 1,140GW, the report said. Reuters
 
Contracts roll in for rail-related companies
CSR Corp won 10 billion yuan of domestic and overseas contracts, including a 3.43 billion yuan contract to supply high-speed trains to Argentina, a 1.6 billion yuan contract to supply coal trains to China Shenhua Energy and a 1.53 billion yuan contract to supply rapid transit vehicles to the Shenzhen Metro. Separately, China Railway Construction won two mainland rail contracts, totalling 8.74 billion yuan, and a 4.74 billion yuan highway contract. Toh Han Shih


Hong Kong seeks to seize HK$56.5 million, 17 companies from jailed Jimmy Lai

Charge dropped against ex-Apple Daily executive who turned prosecution witness

Hong Kong bookstore owner, 3 staff held for selling Jimmy Lai biography

Court clears Jimmy Lai of fraud as government slams him for ‘exploiting resources’

Business Digest, January 12, 2013