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  1. Gome, Suning buying sites to hold locations

    Posted Oct 01st 2007, 12:00am by Andy Chen

    ... to president Chen Xiao. Each store cost 'between tens of million yuan and 100 million yuan', Mr Chen said. Gome, controlled by the mainland's richest man Wong Kwong-yu, will continue to buy store properties when opportunities arise, according to Mr Chen. Suning Appliance, Gome's closest rival, is raising at least 2.4 billion yuan through a share placement to fund ...

  2. Hang Seng to buy properties for mainland unit

    Posted Aug 14th 2007, 12:00am by Andy Chen

    ... mainland unit, she said. Alternatively, Hang Seng Bank China, which has 20 outlets, might buy on its own, Ms Sit said in a post-earnings briefing. She neither specified the budget nor the number ... including credit card and individual deposit-taking business. Its pre-tax profit from mainland operations dropped unexpectedly by HK$40 million in the first half due to set-up costs ...

  3. Lai See

    Posted Feb 01st 2007, 12:00am by Andy Chen

    ... for the Year of the Pig. According to sources, Virgin Group plans to partner with Australia's Tabcorp Holdings, the world's sixth-largest casino developer, to build and operate a US$3 billion ... International Airport.' The former Greater China chairman of Dupont said he had accomplished his goal of unlocking the airport's potential, despite having not a whit of airport experience when ...

  4. Haeco records 38pc rise in first-half profit

    Posted Aug 08th 2007, 12:00am by Andy Chen

    ... Hong Kong Aircraft Engineering Co (Haeco), the Swire Group's aircraft maintenance subsidiary, said first-half net profit rose 38 per cent on higher demand at its hangars in Hong Kong ... last year, had been fully utilised. The company is building its third Hong Kong hangar, which will begin operation in the first half of 2009. In Xiamen, the company opened its fifth hangar ...

  5. Everbright first-half earnings soar 94.6pc

    Posted Sep 21st 2007, 12:00am by Carol Chan

    ... Carol Chan New environmental protection projects lift net China Everbright International, a Beijing-backed investment firm focused on the environmental protection business, said first-half ... 210,000 tonnes of waste and sold 55.6 million kilowatt-hours of electricity. The two projects were still under construction in the first half of last year. Through its three sewage treatment ...

  6. You can bank on location and infrastructure

    Posted Nov 16th 2007, 12:00am by Anneliese O'Young

    ... Anneliese O'Young Andrew Ness, CB Richard Ellis executive director of CBRE research, believes the keys to a good investment are location and infrastructure. 'Everything is better with the right infrastructure,' Mr Ness said. 'Things are cheaper in Hangzhou, but is Hangzhou a good bet? It is important to note the [high-speed] maglev train will be constructed within four ...

  7. China Eastern earnings hit turbulence

    Posted Apr 20th 2007, 12:00am by Andy Chen

    ... China Eastern Airlines Corp, a mainland carrier listed in Hong Kong and Shanghai, said it recorded a net loss of 2.78 billion yuan last year, based on mainland accounting standards. This compared with a net profit of 60 million yuan the carrier made in 2005. Revenue rose 39 per cent to 36.8 billion yuan. The company said its earnings were hurt by fluctuations in oil prices, which ...

  8. Lifestyle seeks to buy EganaGoldpfeil stake under HK$1.5b rescue proposal

    Posted Oct 03rd 2007, 12:00am by Andy Chen

    ... to a significant loss for the 12 months to May 2007. EganaGoldpfeil also said Bank of China (Hong Kong) and Taishin International Bank filed writs earlier this month asking for loan repayments of HK$41.87 ...

  9. Bulls unfazed by more through-train delays

    Posted Oct 17th 2007, 12:00am by Andy Chen

    ... mainland regulators over the programme's set-up. Also causing a pause is the reshuffling of the State Council in March and possibly the leadership of People's Bank of China and China ... on August 20 that mainland residents could open special accounts in Bank of China's Tianjin Binhai branch to trade Hong Kong stocks. Since then, the Hang Seng Index has shot up 34 per cent, ...

  10. Lai See

    Posted Sep 22nd 2007, 12:00am by Andy Chen

    ... Andy Cheng PBOC head's 'unlikely' reply fuels media guessing game Without knowing the context, when People's Bank of China governor Zhou Xiaochuan said something was 'unlikely,' what would you fancy that something could be? Could it be the long-awaited 'through train' - Beijing's plan to allow mainland investors to buy Hong Kong stocks? What ...




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