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  1. Digital China mulls spin-off

    Posted Jun 16th 2011, 12:00am

    ... Digital China Holdings has raised the prospect of spinning off one of its four business units after posting a record HK$1 billion net profit in its fiscal year to March. Chairman Guo Wei said yesterday that Digital China has started discussions with banks about that proposed separate listing, which he pointed out would not be completed during its current fiscal year. ...

  2. Developers' credit at risk in China

    Posted Apr 28th 2006, 12:00am by Staff Reporter

    ... Foster Wong Moody's predicts a long learning curve before business grows in scale and realises substantial investment returns Hong Kong developers looking to China for brisker ... in China- already targeted as a major growth engine by local developers- could mean a long learning curve before business there grew in scale and generated meaningful returns. Nevertheless, ...

  3. New World Development rakes in $2.99b profit

    Posted Oct 06th 2005, 12:00am by Staff Reporter

    ... markets. 'The group is optimistic about the mainland property market,' it said. 'Urbanisation and a growing economy are driving housing demand [in China]. Rising average household ...

  4. Powerlong builds land bank amid shopping mall push

    Posted May 17th 2010, 12:00am by Staff Reporter

    ... will be less affected by government curbs and can piggyback on the country's ambitious urbanisation drive. Hong Kong-listed Powerlong sealed 13 land deals in the 10 second- and third-tier cities including Tianjin, reinforcing its bid to become China's top commercial property developer, according to chairman Xu Jiankang. 'Powerlong's expansion complies with the nation's ...

  5. Blue chip takes 54pc bite on earnings

    Posted Nov 18th 2011, 12:00am

    ... Sophie Yu sophie.yu@scmp.com China Resources Enterprise said net profit fell by more than half in the first nine months of the year as taxes and labour costs rose. Turnover ... business, retail, had turnover of HK$52 billion in the nine months, representing a rise of 27.5 per cent. Same-store sales grew 11.6 per cent during the period. China Resources Enterprise has been ...

  6. CR Land sees 62.5pc rise in finished projects

    Posted Dec 21st 2006, 12:00am by Carol Chan

    ... Carol Chan China Resources Land, which yesterday won shareholder approval to buy almost HK$3 billion worth of mainland assets, expects its residential completions to increase 62.5 per cent ... Kong-listed developer said. The red-chip company, which won approval from shareholders to buy property assets in Beijing and Chengdu from state-owned parent China Resources Holdings for HK$2.73 ...

  7. Business - China Business - PROPERTY

    Guangzhou R&F Properties shifts focus beyond first-tier cities

    Posted Aug 17th 2012, 12:00am by Yvonne Liu

    ... because of the urbanisation process. Property sales in first-tier cities, on the other hand, will remain slow." The developer has expanded to 13 cities besides its major market, Guangzhou. ...

  8. Business - China Business - REAL ESTATE

    Property players look abroad to avoid controls

    Posted Aug 22nd 2012, 12:00am by Sandy Li

    ... Paribas Securities (Asia), said many of these developers were planning for what would be a larger strategy in eight to 10 years' time. "By that time, the urbanisation trend in China ... markets. The visit was a wake-up call, the 30-year-old Fang said. It was time to make the shift to marketing overseas properties on the argument that, unlike China, offshore markets were free from ...

  9. Trainmaker to tap market for US$600m

    Posted Jul 15th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun China South Locomotive and Rolling Stock, the largest trainmaker on the mainland, is trying to raise up to US$600 million from an H-share offering in Hong Kong next month ... billion offering slated for tomorrow. Investor appetite for new offerings has dwindled so far this year in tandem with a 20 per cent drop in the Hang Seng Index. Stated-owned China South ...

  10. Gas project eyed after profit soars at Beijing group

    Posted Mar 31st 2009, 12:00am by Denise Tsang

    ... cent owned by Beijing Gas and 60 per cent by oil producer PetroChina, aims at transmitting 15 billion cubic metres of the green fuel to the capital annually. The combined capacity of the first ... 'This is supported by the central government's 4 trillion yuan economic stimulus package and the rapid urbanisation in Beijing.' Beijing Gas' profit jumped 336.66 per cent ...




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