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  • August 23, 2014
  • Last updated: 11:59am
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  1. Property - Hong Kong & China - C-SUITE

    New partners, new products help mReferral survive slowdown

    Posted May 13th 2014, 02:12pm by Peggy Sito

    ... the company's business products and partners, he said revenue remained at 2012 levels. He did not disclose the figure. Before he joined mReferral, Chu was the chief financial officer of Trony Solar. He ... with a strategy of diversification Q&A Companies diversify for a host of reasons. Howard Chu Ho-hwa did not have a choice: for his firm, diversification was a strategy for survival. Chu joined ...

  2. Property - Hong Kong & China - EARNINGS

    Poly Property to step up sales drive to meet annual target

    Posted Aug 21st 2014, 03:58pm by LANGI CHIANG AND PEGGY SITO

    ... for sale, including three new ones. In the second half, it plans to launch eight projects for sale, making available products worth 24.6 billion yuan. The company bought nine land parcels ... yuan (HK$35.3 billion) and maintain a gross profit margin of 25 per cent. Chairman and managing director Xue Ming reaffirmed the company's mainland parent Poly Group's plan to merge ...

  3. Property - Hong Kong & China

    Franshion Properties sees profit jump 63pc on strong high-end sales

    Posted Aug 20th 2014, 01:34am by Langi Chiang

    ... yuan. Li said the company would price its products in line with market changes in the next few months, although the average selling price rose in the first half. It would replenish land reserves ... cent." He added that policy relaxation, especially the lifting of price controls for high-end housing projects in cities such as Beijing and Shanghai, would help boost the company's sales ...

  4. Property - Hong Kong & China - C-SUITE

    Hysan's Lau Siu-chuen remains optimistic despite challenges

    Posted Aug 20th 2014, 05:21am by Yvonne Liu

    ... Asia and a brand manager of French luxury products. This background equipped him well to forecast a slowdown in retail sales two years ago when other developers were expecting the boom ... Hong Kong frequently over the past decade. Our company has an analysis model to forecast market trends. What have you done to cope with the change in the retail market? Since we believe ...

  5. Property - Hong Kong & China - SHOPS

    Doubts expressed on future of subdivided retail floors

    Posted Aug 20th 2014, 05:21am by Sandy Li

    ... director at Sheraton Valuers. But Chik had misgivings about the investment products, saying owners of subdivided space might have difficulty finding buyers or tenants after the expiry ... in stamp duty. "Buyers of non-residential properties are only required to pay double stamp duty," said Poon, whose company has just been appointed by Temple Investment to market ...

  6. Business - Companies - FUNDRAISING

    Yangtze delta developer issues US$350m in senior notes

    Posted Aug 20th 2014, 10:32am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Mainland property developer Future Land Development has issued US$350 million in senior notes, with the funds to be used to repay debt and acquire land for residential and commercial development, the company announced on Wednesday morning. The notes, due 2019, have an interest rate of 10.25 per cent. The company focuses on the building of residential ...

  7. Property - Hong Kong & China

    Mainland developers set for price cuts to boost cash flow

    Posted Aug 19th 2014, 01:27am by Langi Chiang

    ... set for price cuts to boost cash flow Mainland developers will cut prices, or even sell their products at a loss, to secure enough cash in the rest of this year to survive a market downturn ... per cent to 38.5 billion yuan. "Developers should no longer measure [performance] simply on profits or losses. Cash flow is very important," Yu said, adding that the company would ...

  8. Business - Money - LISTINGS

    Lukewarm retail response sees China Vast add to international IPO offering

    Posted Aug 22nd 2014, 10:36am by Enoch Yiu

    ... a net HK$927.1 million. The company said it would use 65 per cent of the net proceeds to develop its current industrial town projects, with an additional 15 per cent to go towards paying land ... to the company's prospectus. The company had revenue of 1.2 billion yuan (HK$1.51 billion) last year, a 160 per cent increase over 2012. Net profit in the first quarter of this year was 101.3 million yuan, ...

  9. Property - International - ACQUISITIONS

    China Metallurgical wins tender for Singapore site with S$471.62m bid

    Posted Aug 22nd 2014, 11:24am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com China Metallurgical Corp has won a residential and commercial site in Singapore for about HK$2.92 billion. The mainland-backed company said subsidiary MCC Land (Singapore) had won the tender at price S$471.62 million (HK$2.92 billion). The site, in the Potong Pasir region in central Singapore, could provide a total gross floor area of 56,523 ...

  10. Property - International - INVESTMENT

    Wanda’s first Beverly Hills adventure won’t be last for Chinese developers

    Posted Aug 12th 2014, 12:15pm by Sandy Li

    ... in local film production companies or global theatrical releases, it said. "The Los Angeles project is expected to aid China's entry into Hollywood's film industry and generally ... "The Los Angeles project will serve as Wanda's first important step into Hollywood," Wanda said. "The company will set up a Los Angeles office, which will handle ...




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