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  • April 20, 2014
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  1. Business - Companies - EARNINGS

    Tencent aims to work with regulator on online financial services market

    Posted Mar 19th 2014, 06:17pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Mainland's largest listed internet company pledges to work with central bank to ensure online financial services are better regulated Tencent backs push for market safety Tencent, which posted fourth-quarter net profit ...

  2. Property - Hong Kong & China - EARNINGS

    Battle for control looms over Midland amid record loss since listing

    Posted Mar 29th 2014, 01:14am by Sandy Li

    ... 7.5 per cent in October last year. That makes the real estate fund Midland's second-largest shareholder after chairman Freddie Wong Kin-yip, who holds 16.73 per cent. Late on Thursday, ...

  3. Business - Banking & Finance - EARNINGS

    Dah Sing Bank taps market for cash after profit increases

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... billion through a rights issue. Parent company Dah Sing Financial, which holds a 74.59 per cent stake and focuses on the life insurance business, said its net profit climbed 15.1 per cent ...

  4. Business - Commodities - EARNINGS

    Sinopec details sale plan of fuel unit

    Posted Mar 25th 2014, 01:32am by Eric Ng

    ... development and fuel quality upgrade programmes. The nation's second-largest oil and gas producer and the world's second-largest oil refiner plans to set up a company to hold its motor fuel ...

  5. Business - Companies - EARNINGS

    HKT eyes smooth takeover of CSL New World Mobility

    Posted Feb 27th 2014, 01:34am by BIEN PEREZ

    ... billion acquisition receives all the necessary approvals. Alex Arena, HKT's group managing director, yesterday declined comment on the strategy for that merger as parent PCCW will hold an extraordinary general meeting to vote on the deal. PCCW holds 63.07 per cent of the share stapled units of HKT Trust and HKT, which represent the telecommunications assets of Richard Li Tzar-kai's ...

  6. Business - Banking & Finance - EARNINGS

    Loan growth boosts Hang Seng Bank's earnings

    Posted Feb 25th 2014, 01:24am by Enoch Yiu

    ... in 2012 diluted its holdings in the mainland lender. This aside, Hang Seng's net profit rose 19 per cent to HK$17.16 billion, spurred by growing residential mortgage and commercial lending, ...

  7. Business - Companies - EARNINGS

    Rare gold rush helps Luk Fook Holdings achieve record revenue

    Posted Nov 29th 2013, 04:10am by JOANNA CHIU

    ... Joanna Chiu joanna.chiu@scmp.com Chief says fall in prices in April and June resulted in soaring demand Rare gold rush lifts Luk Fook profit Luk Fook's chief executive Wong Wai-sheung told a post-results briefing yesterday that its record half-year r ...

  8. Business - Companies - EARNINGS

    Casino revamps hold back profits at SJM

    Posted Nov 12th 2013, 03:30am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Disruptions and additional staff costs at Macau operator among factors that lead to 10pc profit growth for third quarter, falling short of forecasts Casino revamps hold back profits at SJM Macau casino operator SJM's third-quarter profit grew 10.3 per cent year on year to HK$1.82 billion, the company said yesterday, but the numbers were shy ...

  9. Business - Companies - EARNINGS

    Hutchison Port profit sinks on one-off costs from ACT acquisition, strike

    Posted Feb 12th 2014, 12:50am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Hutchison Port income sinks on one-off costs Hutchison Port Holdings Trust, which operates ports in Hong Kong and Shenzhen under Hutchison Whampoa, saw its earnings sink 25 per cent last year to HK$1.67 billion because of a big dip in its Hong Kong operation and the one-off concession to liners after a damaging strike last summer. ...

  10. Business - Companies - EARNINGS

    IBM tax rate hits 20-year low with help of Dutch haven

    Posted Feb 05th 2014, 05:37am by Bloomberg

    ... was incorporated under Dutch laws in 1999, according to filings in the Netherlands. The subsidiary acts as a holding company for more than 40 IBM-owned firms worldwide, including its operations in Ireland, ...




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