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  • August 28, 2014
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  1. Property - Hong Kong & China

    Shui On Land buys remaining stake in Foshan development project

    Posted Aug 27th 2014, 09:23am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Shui On Land announced it has agreed to purchase the 49 per cent stake it did not already own in a development project in Foshan, Guangdong, from Japan’s Mitusi ... and greater flexibility on the development strategy for the Foshan Lot 18 project in Foshan Lingnan Tiandi in responding to the changing market conditions,” Shui On Land said. The company will have ...

    http://www.scmp.com/property/hong-kong-china/article/1581036/shui-land-buys-remaining-stake-foshan-development-project
  2. Business - Companies - BOARDROOM

    Shenzhen developer Hydoo fires chairman, appoints brother

    Posted Aug 25th 2014, 10:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Hydoo International, a Shenzhen-based developer of commercial trade and logistics centres, has fired chairman Wong Choihing a month after it was confirmed that he was being investigated by the mainland authorities. The company said on Monday morning its board had agreed to remove Wong from all his positions at the firm, including executive director, ...

    http://www.scmp.com/business/companies/article/1580507/shenzhen-developer-hydoo-fires-chairman-appoints-brother
  3. 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 ...

    http://www.scmp.com/business/companies/article/1577549/yangtze-delta-developer-issues-us350m-senior-notes
  4. Business - China Business - EARNINGS

    China Power International Development shares fall despite 15pc profit gain

    Posted Aug 15th 2014, 12:00pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of China Power International Development fell 2.5 per cent after the company posted a 15.48 per cent year-on-year rise in net profit to 1.62 billion yuan (HK$2.04 billion) for the first six months of the year. The stock was trading as low as HK$3.16 on Friday morning. The Hong Kong-listed unit of one of the Big Five state-owned power generators, ...

    http://www.scmp.com/business/china-business/article/1574157/china-power-international-development-shares-fall-despite
  5. Business - Companies - ENERGY

    Cathay Pacific invests in biofuel developer to meet carbon-neutral growth targets

    Posted Aug 07th 2014, 04:51pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Cathay invests in US biofuel supplier Cathay Pacific Group is investing in a US biofuel developer to provide the airline with low-carbon fuel ... a California-based waste-to-fuels developer, but declined to disclose the amount of the equity investment. The carrier said it negotiated a long-term supply agreement with Fulcrum for 375 million gallons ...

    http://www.scmp.com/business/companies/article/1568342/cathay-pacific-invests-biofuel-developer-meet-carbon-neutral
  6. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Hysan base rents strategy pays as retail sales soften Hysan Development, the largest landlord in Causeway Bay with properties such as Hysan Place, boosted its underlying interim profit by 4.7 per cent as it relied more on base rents than turnover rents to maintain a stable income. For the six months to June, Hysan said underlying interim profit was HK$1.08 ...

    http://www.scmp.com/business/companies/article/1569164/hysan-development-posts-47pc-gain-underlying-interim-profit
  7. Business - Companies - ENTERTAINMENT

    Chinese developers to benefit from rise of console games market

    Posted Aug 01st 2014, 02:02am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Mainland games market to grow to US$17.87b, with Xbox One seen boosting console demand Microsoft taps local developers for Xbox launch With the launch of its Xbox One on the mainland next month, Microsoft is kicking open the doors for Chinese developers to create a new and robust domestic market for console-based games. It is a strategy that could ...

    http://www.scmp.com/business/companies/article/1563736/chinese-developers-benefit-rise-console-games-market
  8. Business - China Business - ANALYSIS

    Tencent to partner with more developers to fuel its mobile games expansion

    Posted Jul 29th 2014, 01:26am by BIEN PEREZ

    ... seeks developers to build up games pipeline Mainland internet giant Tencent Holdings is drawing new battle lines in the red-hot market for mobile games, with efforts to entice more start-up developers to join its platform rather than chip away at its domestic market share. Shenzhen-based Tencent, the world's biggest games company by revenue, has sharpened its focus on partnerships ...

    http://www.scmp.com/business/china-business/article/1561387/tencent-partner-more-developers-fuel-its-mobile-games
  9. Comment - Insight & Opinion - MY TAKE

    Do we need a BRICS development bank?

    Posted Jul 17th 2014, 04:45am by Alex Lo

    ... Alex Lo alex.lo@scmp.com Development banks aplenty in the world Does the world need another development bank? Brazil, Russia, India, China and South Africa have signed an agreement to create the Shanghai-based BRICS development bank. The aim is to create an alternative to the Western-dominated International Monetary Fund and World Bank. Along with the new bank, the five ...

    http://www.scmp.com/comment/insight-opinion/article/1555464/do-we-need-brics-development-bank
  10. News - China - BRICS

    BRICS group of nations sets up development bank to rival IMF, World Bank

    Posted Jul 16th 2014, 09:36am by AFP

    ... billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were also granted posts or units in the new bank. The leaders ... Development Bank. The administration of Indian Prime Minister Narendra Modi gave in after it was reminded that his country's previous administration had agreed to Shanghai as the bank's ...

    http://www.scmp.com/news/china/article/1555232/brics-development-bank-be-headquartered-shanghai-first-president-indian

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