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  • August 2, 2014
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  1. KPMG to oversee two Lehman companies

    Posted Sep 18th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster United States-based accounting firm KPMG was yesterday appointed provisional liquidator of two of the four Lehman Brothers units operating in Hong Kong. KPMG staff Paul Brough, Edward Middleton and Patrick Cowley were appointed by the High C ...

  2. Money in trees for HK company

    Posted Jul 28th 2010, 12:00am by Amanda Lee

    ... and Russia, and has now reported a net profit of HK$274.3 million. The company last year won a contract with Santo Antonio Hydroelectric Power Plant in Brazil to clear 200,000 hectares of forest ... financial statement for the year ended March 31, more than 90 per cent of the company's revenue came from the five-year Santo Antonio project in Rondonia State in Amazon. The firm estimated ...

  3. Global company founded by a gifted South African entrepreneur

    Posted Jun 25th 2005, 12:00am by Tim Metcalfe

    ... companies in the region and arranged production in Hong Kong, which was then a cut-price manufacturing centre. It was easy money. He devoted three months a year to collecting orders, getting ... Marlow's retirement in 1977, his successors at Marlow Promotions, as the company was then known, continued to make trips to the Middle East, generating ever greater revenue. In the 1980s, ...

  4. CAO fields suitors for Spanish transport company

    Posted Jan 15th 2005, 12:00am by Michael Dwyer

    ... Michael Dwyer in Singapore China Aviation Oil (Singapore) Corp (CAO) has caught the eye of suitors interested in one of the beleaguered company's key assets- its 5 per cent stake ... Galp- are understood to be considering an offer for CAO's US$130 million stake in CLH. CAO spokesman Gerald Woon yesterday said the company had not at this stage been formally approached ...

  5. 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 ...

  6. Rival company sued over letter claim

    Posted Dec 05th 2008, 12:00am by Staff Reporter

    ... Yvonne Tsui Insurance company MassMutual Asia is facing a civil claim in the High Court mounted by industry rival American International Assurance (AIA) over the alleged spreading of rumours with a forged letter. It is alleged that the letter, falsely bearing the letterhead of AIA, stated that AIA was to be sold by its parent company, American International Group. The writ ...

  7. Market primed to see 3 Group in profit at last

    Posted Mar 21st 2011, 12:00am by Amanda Lee

    ... chief executive of Hutchison-owned 3 Group in Britain, warned that the company could lose out to its bigger rivals Everything Everywhere, Vodafone and O2, if it was unable to secure airwaves ...

  8. Samling defends its business after Norwegian fund dumps holding

    Posted Mar 02nd 2011, 12:00am by Amanda Lee

    ... its stake in the logging firm last year, saying the company had been involved in illegal logging in Sarawak. According to the fund's press releases, as of the end of 2009, it owned 8.1 ... wealth fund to visit its forests and plantations but had received no response. Law said the company's logging practice complied with Malaysia's national standard, and the Norwegian ...

  9. Railway revolution to change way people live

    Posted Dec 27th 2010, 12:00am by Sandy Li

    ... with work at his office in Shanghai Central Plaza. Since the high-speed train network has started linking with other cities, Lau has cut down on using the company car for business meetings. Nor does ...

  10. Minister 'took 2.5pc cut on high-speed rail deals'

    Posted Feb 21st 2011, 12:00am by Fiona Tam

    ... last month- had been selected to supply noise barriers along several high-speed rail lines from 2008, although the then nameless company could afford only a 48-square-metre office with rent under 600 yuan (HK$710) a month. 'Shanxi company Jinhande soon won the bid for China's first high-speed rail between Beijing and Tianjin together with the China CREC Railway ...




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