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  • July 25, 2014
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  1. SHKP profits up 60 per cent as it goes all out to build more flats

    Posted Mar 01st 2011, 12:00am by Sandy Li

    ... profit, including revaluation gains on investment properties, jumped 36 per cent to HK$21.01 billion, from HK$15.43 billion a year earlier. Turnover rose 137.4 per cent from a year earlier ... auctions. 'We are interested in all sites available for sale,' he said. Helped by the spike in home prices last year, the developer posted a 60 per cent jump in underlying profit- core ...

  2. Profit fell 50 per cent last year, Unicom says

    Posted Jan 29th 2011, 12:00am by Staff Reporter

    ... Bien Perez China Unicom (Hong Kong), the mainland's second-largest wireless network operator, will report a drop in net profit of more than 50 per cent for last year owing to rising depreciation and marketing costs. In a filing with the Hong Kong stock exchange yesterday, Unicom said there was 'high pressure on the company's earnings' last year, even as it claimed ...

  3. Tuen Mun projects priced aggressively

    Posted Feb 24th 2011, 12:00am by Peggy Sito

    ... Peggy Sito Two leading developers set the prices for their new projects in Tuen Mun 50 per cent higher than going prices in the locality, on the same day the financial secretary announced ... be HK$9,561 per square foot of gross floor area- about 50 per cent higher than completed flats elsewhere in the district. Meanwhile, Cheung Kong (Holdings) said the first batch of 12 flats at its ...

  4. SAIC to spend 15.3b yuan developing own brands

    Posted Apr 29th 2009, 12:00am by Kandy Wong

    ... period last year. SAIC recorded a worse than expected net profit of 656.2 million yuan for 2008, down 85.8 per cent because of slower sales in the second half. It also made a provision of 3.08 billion yuan for its 51.33 per cent owned loss-making South Korean subsidiary Ssangyong Motor, which filed for court receivership in January. 'We're not optimistic about the vehicle ...

  5. Packer in talks to build US$1.5b casino resort in the Philippines

    Posted Jun 16th 2008, 12:00am by Staff Reporter

    ... that may include a 1,000-room hotel tower bearing Mr Packer's flagship Crown brand, according to Mr Francisco. Foreign investors could only control up to 49 per cent of the Manila Bay projects ... a 37.9 per cent stake in Nasdaq-listed Melco Crown Entertainment (Macau), which operates the US$583 million Crown Macau on Taipa Island and is building the US$2.3 billion City of Dreams on Cotai. ...

  6. AP Moller puts 1.5b yuan into Xiamen terminal deal

    Posted Sep 10th 2004, 12:00am by Annette Chiu

    ... with exports worth US$10.85 billion in the first five months, a rise of 37 per cent year on year. Container throughput at Xiamen, Fujian's key port, reached 2.32 million teu last year, up 32 per ... Annette Chiu Netherlands-based port operator AP Moller Terminals has agreed to invest 1.5 billion yuan in a three-berth project in Xiamen. The company yesterday signed a 50-year agreement ...

  7. Home-buying remains strong on increased secondary sales

    Posted Mar 17th 2010, 12:00am by Sandy Li

    ... in the stamp duty from 3.75 per cent to 4.25 per cent on April 1. Cheung Kong (Holdings) sold 53 of the 56 homes at its La Mer development in Tung Chung; Henderson Land Development sold 30 flats ... sectors. There were 570 deals in the week to Sunday in the 50 key housing estates Ricacorp Properties monitors, up 36 per cent from a week earlier. 'Both end-users and investors are looking ...

  8. Sky's the limit

    Posted Apr 12th 2010, 12:00am by Sandy Li

    ... residential market, Financial Secretary John Tsang Chun-wah announced in his February budget speech that the stamp duty on flats costing more than HK$20 million would be increased to 4.25 per cent ... and purchase transactions in the secondary market in those housing projects, mainlanders accounted for about 10 to 15 per cent. Aside from investment returns, the strength of the renminbi against ...

  9. Just-bought Yoho flats on resale for 20pc more

    Posted Feb 22nd 2010, 12:00am by Eric Ng

    ... to announce in his policy address on Wednesday an increase in stamp duty on the sale of flats priced higher than HK$20 million to 4.5 per cent from 3.75 per cent. While the move will have only ... market at asking prices of up to 20 per cent more than the prices buyers had originally paid. Agents said the buyers were mostly wealthy and experienced, and were seeking quick returns ...

  10. Honda plans tooling plant in China

    Posted Dec 12th 2003, 12:00am by Eric Ng

    ... to 25 per cent in China. The plant in China will be wholly owned by Honda. It will make tools and equipment for its 50-50 joint venture with Guangzhou Automotive (Guangzhou Honda), which makes ... expansion plans in the pipeline to shorten the long waiting list for its cars on the mainland, and to avoid import quotas and tariffs amounting to 38.2 per cent this year. After starting 1998 ...




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