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  • November 1, 2014
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  1. News - Hong Kong - POLITICS

    Lawmaker wants British regulator to probe CY Leung's HK$50 million deal with Australian company

    Posted Oct 11th 2014, 04:02am by Joyce Ng, JAMES GRIFFITHS AND BENJAMIN ROBERTSON

    ... A Hong Kong lawmaker will file a request for a British regulator to look into Chief Executive Leung Chun-ying's HK$50 million deal with an Australian company. The deal is already facing ... said he would ask UKLA to check if DTZ and Leung Chun-ying had complied with listing rules and the Companies Act, and whether Leung, as a director, had fulfilled his duty to look after ...

  2. News - Hong Kong - POLITICS

    Occupy protests must end- but Beijing won't use force, says ex-HK leader Tung Chee-hwa

    Posted Oct 24th 2014, 01:58pm by Gary Cheung and Fanny W.Y. Fung

    ... receipt of £4 million (HK$50 million) from Australian company UGL, news of which broke days after Occupy began. Leung sealed the deal with UGL, which was in the midst of buying the insolvent DTZ, ... bookings and credit card spending had dropped 20 to 30 per cent in recent weeks. "It's the fourth quarter, when companies start deliberating pay rises and hiring. In the light ...

  3. Business - Economy - POLITICS

    World Bank says Occupy protests fail to impact Hong Kong's business climate

    Posted Oct 29th 2014, 04:59pm by SIJIA JIANG

    ... shareholders to become the world's second best because of higher disclosure standards introduced in the revised Companies Ordinance that came into effect in March. While it is again ... to start a business by eliminating minimum capital requirements. Paying taxes has also become easier because of an improved electronic system, and companies in Shanghai pay less tax because ...

  4. News - Hong Kong - POLITICS

    Chief secretary refuses to say whether Leung Chun-ying declared HK$50m payment

    Posted Oct 29th 2014, 10:49pm by Joyce Ng

    ... Joyce Ng joyce.ng@scmp.com Chief secretary refuses to say whether chief executive declared non-compete payment Lam skirts issue of Leung's HK$50m Chief Secretary Carrie Lam Cheng Yuet-ngor has refused to confirm whether Chief Executive Leung Chun-ying declared to the city's chief justice the £4 million (HK$50) million he received from an Australian company in 2012 ...

  5. News - China - POLITICS

    Plenum's lack of action on Zhou Yongkang suggests party divisions, analysts say

    Posted Oct 24th 2014, 06:01am by Keira Lu Huang, Andrea Chen, Minnie Chan

    ... The administration will strengthen its capability in using legal means for dealing with foreign affairs, including protection of Chinese nationals and companies overseas, as well as to safeguard sovereignty. ...

  6. News - Hong Kong - POLITICS

    Hong Kong's High Court orders protesters off roads in Mong Kok and Admiralty

    Posted Oct 21st 2014, 04:33am by Staff Reporters

    ... and Portland Street, had been sought by taxi operators and a minibus company. The Admiralty injunction, sought by the owners of Citic Tower, requires protesters to clear emergency vehicle exits ...

  7. News - Hong Kong - POLITICS

    CY Leung reportedly sought further HK$37 million in UGL deal

    Posted Oct 15th 2014, 05:57pm by James Griffiths, Benjamin Robertson and Joyce Ng

    ... company DTZ’s sale on top of the eventually agreed upon 4-million-pound deal, which has left him potentially facing investigation by Hong Kong’s anti-graft agency. In a secret contract signed ... firm made a larger offer after Leung had entered into private negotiations with the Australian company. UGL eventually bought London-listed DTZ for 77.5 million pounds in a deal that wiped out ...

  8. News - Hong Kong - POLITICS

    Beijing 'not behind leak of CY deal'

    Posted Oct 16th 2014, 04:41am by Joyce Ng, James Griffiths and Toh Han Shih

    ... government," the source told the Post yesterday. Last week, Australia-based Fairfax Media revealed that Leung pocketed £4 million (HK$50 million) from Australian company UGL six months before he became ... not put himself in a position of conflict of interest with the company. Since DTZ was insolvent, such duty is owed to the creditors- RBS- instead of its shareholders. "You don't need ...

  9. News - Hong Kong - POLITICS

    CY Leung faces more questions about secret HK$50m deal after rival bid is revealed

    Posted Oct 14th 2014, 01:40pm by Benjamin Robertson, joyce ng and james griffiths

    ... of his former company’s sale to listed Australian engineering firm UGL, a second offer arrived to buy the company that exceeded UGL’s bid by £90 million. The existence of the second bid is likely ... & Young, now filed at Companies House in London, on December 2 a “confidential bidder” offered to inject £48.8 million in new equity into DTZ, and to refinance existing loans in exchange ...

  10. News - Hong Kong - POLITICS

    Questions raised over Australian firm's HK$50m deal with C.Y. Leung

    Posted Oct 09th 2014, 04:02am by Staff Reporters

    ... company in which he agreed to "act as a referee and adviser" if asked. The revelation prompted questions about possible misconduct by the chief executive. The arrangement was made ... services firm DTZ, of which Leung was a director and chairman of its Asia-Pacific operations. Leung announced his resignation from DTZ on November 24, 2011, and officially left the company ...




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