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  1. China Railway on track to acquire airport unit from parent company

    Posted May 19th 2010, 12:00am by Toh Han Shih

    ... the acquisition for approval by Beijing. Last December, China Railway announced its parent would acquire China Airport for free under a decision by the State-owned Assets Supervision and Administration ... cent to 283 billion yuan in April. Recently, China Railway won 69.22 billion yuan in orders, representing 20 per cent of its revenue last year, the company said on the website of the Shanghai ...

  2. Cathay says earnings will beat HK$12.5b

    Posted Nov 16th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways predicts full-year earnings will surpass HK$12.5 billion- a record net profit driven by robust demand for passenger and cargo traffic that will come ... again the volatile and cyclical nature of our business,' Tony Tyler, chief executive of Cathay Pacific, was quoted saying in an announcement filed with the Hong Kong stock exchange ...

  3. Mainland banks report strong earnings growth

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

    ... Daniel Ren in Shanghai China Construction Bank posted a 31 per cent jump in third-quarter earnings, joining its major domestic rivals in producing solid performances despite concerns of deteriorating asset quality. The nation's second-largest lender by market value reported earnings of 39.76 billion yuan (HK$46.05 billion) for the three months to September, compared to 30.31 ...

  4. China Mobile posts 4.2pc rise in first-half earnings

    Posted Aug 20th 2010, 12:00am by Sophie Yu

    ... that several senior executives had been arrested in the past 12 months. The company had previously announced the arrest of its deputy chairman, but yesterday acknowledged a few more had also been ... 8.1 billion yuan. The company also announced a change in leadership yesterday. Wang, 61, handed the title of chief executive to Li, 53, while remaining as chairman. Hong Kong Exchanges ...

  5. Hang Lung eyes new mainland site after record interim earnings

    Posted Jan 28th 2010, 12:00am by Sandy Li

    ... months,' he said, without disclosing details. The company's underlying earnings, which reflect its core operation, property sales, jumped 1,777 times to HK$5.33 billion from HK$3 million ... to announce that each of his employees would receive a one-month bonus and a 3 per cent pay rise. Hang Lung also declared an interim dividend of 17 HK cents, up from 15 HK cents a year earlier. Paul ...

  6. Yip's Chemical shake-up finds favour with investors

    Posted Dec 10th 2010, 12:00am by Amanda Lee

    ... profit for the current year declined 25 per cent despite a growth in revenue of 36 per cent as gross operating margins slipped. The company is now trading at 15 times historical earnings ... gone public, the company went through a restructuring which saw its founder Ip Chi-shing step down as chief executive as part of a management shake-up. Since then, its share price has surged ...

  7. Workers speaking as one drive a better bargain

    Posted Nov 24th 2010, 12:00am by Albert Chen, Albert Cheng

    ... benefits. A case in point was the uproar over the Cafe de Coral pay offer. The fast-food chain had tried to cut meal-time payment for staff to offset their pay increases. If the company had ... are better paid than many others who are not protected by staff unions. Cathay, which expects to post a profit of more than HK$12.5 billion for the year, recently announced that, apart from giving ...

  8. Zhongwang shares in danger of collapse

    Posted Jul 28th 2010, 12:00am by Naomi Rovnick

    ... American companies were being damaged by the low cost of Chinese extruded aluminium, which is used in products from door frames to solar panels. Morgan Stanley analysts Charles Spencer and Mean ... by the US government. The firm said it sold 5.6 billion yuan of extruded aluminium to the US last year. But the ITC's anti-dumping report, issued in June, claimed US companies bought just ...

  9. HKEx profits dip in third quarter

    Posted Nov 11th 2010, 12:00am by Enoch Yiu

    ... since last month and recent initial public offerings would boost the exchange's earnings in the current quarter. Turnover exceeded HK$100 billion on most days last week. Average daily ... investors as well as from the fees paid by listed companies. In the first nine months of this year, HKEx posted a profit of HK$3.48 billion, up 2 per cent on the same period last year. Listing fee ...

  10. CKI looking for more overseas infrastructure acquisitions

    Posted Nov 02nd 2010, 12:00am by Toh Han Shih

    ... EDF, CKI announced yesterday. This is the largest acquisition by a Hong Kong group in Europe and the biggest international acquisition by Asia's richest man. Following the acquisition, CKI ... Electric, if they had held those assets last year, would each have reported earnings of GBP200 million last year, Kam said. Last year, CKI's net profit was HK$5.57 billion, while Hongkong ...




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