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  1. Business - Companies - TELECOMMUNICATIONS

    Lenders give Citic full backing for Macau buy

    Posted Jan 17th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Banks agree to extend loans to cover entire purchase price for acquisition of CTM Lenders give Citic full backing for Macau buy Citic Telecom International, a subsidiary of Hong Kong conglomerate Citic Pacific, has secured bank loans to buy 79 per cent of Companhia de Telecomunicacoes de Macau (CTM). Chief financial officer David Chan said eight banks ...

  2. Macau casino revenue rises 39.8pc for month

    Posted Oct 05th 2010, 12:00am by Staff Reporter

    ... Neil Gough Macau casino revenue rose to 15.3 billion patacas last month, up a comparatively modest 39.8 per cent from a year earlier, according to official data released yesterday. Total ... Macau's revenue in the first nine months has already exceeded last year's full-year takings of 119.37 billion patacas, data from the Gaming Inspection and Coordination Bureau shows. September ...

  3. Stanley Ho eyes HK with Macau urn business

    Posted Jul 11th 2010, 12:00am by Staff Reporter

    ... Casino mogul Stanley Ho Hung-sun is adding an unlikely string to his considerable business bow - the octogenarian tycoon will offer 'upscale' niches for burial urns in Macau. His ... year. Funeral agents in Hong Kong say they are ready to introduce the Macau niches to potential buyers once sales packages are finalised. But private niche suppliers downplayed the potential ...

  4. Macau office tower sale signals market recovery

    Posted Jun 16th 2010, 12:00am by Peggy Sito

    ... Peggy Sito A 23-storey office tower in Macau was sold for HK$701 million on Monday in the biggest office transaction on the island since the global financial crisis began in late 2008. The signing of the deal signalled that sentiment in the Macau property market was recovering from the lows reached during the crisis, property agents said. Located at Avenida Xian Xing Hai, opposite ...

  5. King among investors in troubled Macau Legend

    Posted Oct 27th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Mohammed VI, the King of Morocco, is among the private investors embroiled in the bitter financial restructuring of former Macau legislator David Chow Kam-fai's Macau ... 20 wealthy private individuals who, along with a group of hedge funds, were sold a US$400 million stake in Macau Legend by investment bank Merrill Lynch in 2006. The investors had anticipated ...

  6. Developer sought for giant panda theme park on island near Macau

    Posted Nov 28th 2008, 12:00am by Fox Yi Hu

    ... Fox Yi Hu A decade-old idea to develop an island next to Macau is finally about to get off the ground with Zhuhai tendering the right to build a theme park, which may feature giant pandas, ... said the development in Hengqin would benefit Macau by luring more tourists to the area. 'Macau and Hengqin will both be promoting leisure travel, but they will offer different experiences ...

  7. All In

    Posted Apr 03rd 2009, 12:00am by Staff Reporter

    ... Neil Gough What is Las Vegas Sands selling, to whom and at what price? Recent weeks have been hot and heavy with speculation about what Las Vegas Sands may or may not be selling in Macau ... appears to be moving along, albeit slowly. The process has been complicated by the reluctance of Macau banks to issue mortgages to would-be buyers of the pricey apartment-hotel units. Lenders have ...

  8. Stake sale casts new light on Macau Inc

    Posted Jul 24th 2009, 12:00am by Staff Reporter

    ... Neil Gough On several fronts, Macau's economy ranks among the freest in the world. Like Hong Kong, it is a free port with no import or export duties on transshipments. Profit ... up into a number of lucrative de jure and de facto monopolies. And while the builders of the flashy Las Vegas-style casinos may dominate news flow out of the city, the real face of Macau Inc ...

  9. Airlines cutting back on service to Macau

    Posted Jun 22nd 2009, 12:00am by Staff Reporter

    ... Neil Gough Flight cancellations by airlines serving Macau have soared in the wake of the financial crisis, as hard-hit carriers struggle to respond to plunging cargo volumes and passenger ... cancellation rate in the second half of last year, figures from the Macau Civil Aviation Authority show. Fujian-based Xiamen Airlines slashed 59 per cent of Macau flights and Malaysia Airlines ...

  10. Carlyle buys 2 Macau towers in HK$2b deal

    Posted Aug 05th 2008, 12:00am by Sandy Li

    ... Sandy Li Carlyle Group, the world's second-biggest private equity firm, has made its first foray into Macau's residential market, buying two residential blocks in a deal believed to worth almost HK$2 billion. The deal is expected to boost the softening residential market in Macau, according to property agents. The United States private equity fund has agreed to buy 372 ...




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