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  • April 18, 2014
  • Last updated: 7:48pm
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  1. HTIL shares sink 44.9pc after asset shake-up

    Posted Apr 28th 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun Shares of Hutchison Telecommunications International Ltd (HTIL) closed 44.86 per cent lower at HK$1.34 yesterday after a restructuring in which the group distributed its interim dividend as shares in a new entity holding its Hong Kong and Mac ...

  2. Error nets HK$1.5b bonus for developer

    Posted Nov 23rd 2010, 12:00am by Chloe Lai

    ... Chloe Lai Cheung Kong (Holdings) gained an unexpected bonus in its redevelopment of the historic Marine Police headquarters in Tsim Sha Tsui: an additional 1,310 square metres of valuable ... the site's makeover, it got another bonus: a charge of HK$63,100 per square metre instead of the market price of HK$1 million. In all, the property giant apparently netted a windfall of HK$1.5 ...

  3. Bonus floor area used to inflate project sizes

    Posted Oct 31st 2009, 12:00am by Olga Wong

    ... by exploiting grants of bonus floor area in return for providing car parks and clubhouses and incorporating so-called green features. The government yesterday named 61 developments that had grown substantially from the size originally approved as a result of the policy of granting bonus floor area. At the same time the Council for Sustainable Development released initial findings of a public ...

  4. Bonus cut likely reason for UBS bankers leaving

    Posted Mar 10th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick UBS has lost a huge chunk of one of its most successful Hong Kong investment banking teams after paying bonuses in Asia that were in many cases 95 per cent below ... could get sued by UBS if they talked publicly about their move. Sources said the two bankers were likely to have been guaranteed multimillion-dollar bonuses for this year by Credit Suisse. ...

  5. Hutchison paying healthy bonuses

    Posted Dec 27th 2003, 12:00am by Ben Kwok

    ... Ben Kwok The group's strong operating performance, despite 3G woes, means some managers will get three to six months salary Hutchison Whampoa has awarded managers bonuses of up to six ... Kong firms have struggled to reduce staff costs this year with many imposing across the board pay freezes. Hang Lung Properties and Sun Hung Kai Properties stuck with traditional 13-month bonus ...

  6. Chen quits as deputy chairman of Cathay

    Posted Apr 20th 2010, 12:00am by Sandy Li

    ... Sandy Li Veteran Cathay Pacific Airways director Philip Chen Nan-lok has resigned as deputy chairman and non-executive director of the carrier to pursue personal interests. Chen was appointed a director in 1997 and his resignation is effective from July 1 ...

  7. Income plunges at Century City and Paliburg

    Posted Sep 11th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Century City International Holdings and Paliburg Holdings, property developers led by chairman Lo Yuk-sui, posted a significant drop in interim net profit due to a special gain from an asset sale the previous year. Paliburg posted a 74.6 per ce ...

  8. ICBC joins the rush to raise new capital

    Posted Jul 30th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Industrial and Commercial Bank of China, the world's largest lender by assets, said it would raise up to 45 billion yuan (HK$51.48 billion) via a rights issue in Shanghai and Hong Kong, following fund-raising efforts by its Chines ...

  9. Masters of the Universe crash back to Earth

    Posted Sep 21st 2008, 12:00am by Nick Westra

    ... may force job cuts across the entire industry. 'It has moved from bonus talk to just hoping to keep your job,' said one fixed-income banker. 'But I've always lived frugally ... placements and convertible bond sales have also dropped 60 per cent and 53 per cent respectively over the same period. 'This year is a disaster. I got my bonus in April but one-third ...

  10. Citic Group sweetens bid to buy out financial unit

    Posted Aug 28th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster and Wong Ka-chun China Citic Group, a major mainland conglomerate, has bowed to shareholder pressure and raised the price it will pay to privatise Citic International Financial Holdings. Citic Group said it would raise the cash offer of HK$2 ...




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