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  • April 17, 2014
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  1. HOS plan will not hurt hotels, says company

    Posted Dec 03rd 2003, 12:00am by Sandy Li

    ... time-sharing scheme operation would not create direct competition with hotels. Wang Yonghe, president of the company's overseas unit China Overseas Real-Estate Development Corp, said the scheme ... will be served,' he said. The company intends to create a membership scheme entitling those who sign up to stay in HOS-blocks-turned-guesthouses for between one and four weeks, depending on how much ...

  2. Guoco sells insurance unit to sister company for $152m

    Posted Jan 13th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Guoco Group has sold its general insurance arm, Dao Heng Insurance, to sister company Allstate Health Benefits, a Malaysian-based insurer owned by Hong Leong Assurance (HLA), for $152.6 million, according to a report filed with the Hong Kong stock exchange on Tuesday. The deal will be settled in cash, according to Guoco's statement. The company's senior ...

  3. Moody's links up with China ratings company

    Posted Apr 14th 2006, 12:00am by Staff Reporter

    ... Credit Management and an affiliated entity. The global player had the option to increase its ownership over time as permitted by the mainland authorities, a statement from the company said ... Moody's, which can rate Chinese companies for offshore capital market transactions but not domestic offerings, would also market joint ratings with 14-year-old Chengxin to global issuers ...

  4. Taxman loses claim on Li & Fung foreign deals

    Posted Apr 19th 2011, 12:00am

    ... & Fung had earned from overseas customers in transactions handled by non-Hong Kong based affiliates was foreign-sourced income. Reyes also criticised the board for taking three and a half ... due on commissions received by Li & Fung's business in Hong Kong. However, the company viewed this as foreign-source income and not subject to Hong Kong profits tax. Li & Fung ...

  5. HKET looks to mainland targets with IPO funds

    Posted Jul 22nd 2005, 12:00am by Staff Reporter

    ... or 25 per cent of its enlarged share capital, at $1.43 to $1.70 each to raise up to $176.8 million. Ten per cent of the shares on offer will be reserved for retail investors. The company publishes the Hong Kong Economic Times, PC magazine e-Zone and recruitment paper Career Times. It also owns financial information provider ET Net. Of the proceeds, the company has earmarked $50 ...

  6. Profit calls in Bangladesh

    Posted Jul 08th 2005, 12:00am by Sayed Kamaluddin

    ... The study found the nation's four mobile-phone companies had recorded US$95 million in profit in four years, or about 60 per cent of their investment over the period. Board chairman Khairuzzaman Chowdhury said the companies- GrameenPhone, AKTel, CityCell and Seba- had spent US$150.42 million between 2001 and last year. GrameenPhone, which has a 60 per cent market share, made US$86 ...

  7. CK Life Sciences snaps up another key Australian asset

    Posted Aug 01st 2005, 12:00am by Georgina Lee

    ... The company controls about 25 per cent of the Australian turf management product market, said CK Life, the biotechnology arm of Cheung Kong (Holdings). CK Life said it would benefit from Nuturf's ... Australian deals are due for completion this month. 'The contribution from these two companies will provide the group with a steady revenue and profit stream from August onwards,' said ...

  8. Macquarie unit closer to forming reit

    Posted Jul 19th 2005, 12:00am by Staff Reporter

    ... Kong, bringing it closer to its goal of floating a real estate investment trust (reit) based on logistics facilities. The company has bought about 44 per cent of Evergain Plaza, a two-tower ... in May. 'We are looking at properties that are around $300 million or slightly smaller,' said Stephen Hawkins, the company's chief executive in Asia, adding that the ideal reit ...

  9. Thinking small puts new spin on growth industry

    Posted Jul 10th 2005, 12:00am by Chris Oliver

    ... says Marco Beckmann, chief executive of Nanostart, a German company that invests and advises financial institutions seeking to channel money into the sector. 'We are on the threshold ... with memory metals; or new cancer-fighting machines eliminating surgery. Mr Beckmann says some benefits are already widely in use. A German company and a French university's joint venture led ...

  10. Silent pall hangs over anomalies at Kelon

    Posted Jul 18th 2005, 12:00am by Jane Moir

    ... also recorded sales returns of more than 200 million yuan for the year ended December 2004 but management considered that no allowance for the sum was necessary. The company posted a net loss of 44.65 million yuan. Around the same time, the company announced it was under investigation by the China Securities Regulatory Commission (CSRC) for evidence of illegal transfers of funds between ...




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