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  • November 27, 2014
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  1. Business - Money - PROPERTY

    Developers extend rally amid absence of curbs

    Posted Jan 18th 2013, 12:00am by PEGGY SITO AND PAGGIE LEUNG

    ... Peggy Sito and Paggie Leung Property firms expected to benefit from pick-up in sales activity but fast asset turnover is critical Developers extend rally amid absence of curbs Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive. Cheung Kong, ...

  2. Developer sorry for flat size error

    Posted Apr 23rd 2011, 12:00am

    ... Olga Wong Sun Hung Kai Properties has apologised to buyers who were misled about the sizes of their newly-bought flats in a Yuen Long development due to a mistake in the sales brochures. The developer will pay compensation to those who paid too much for their flats as a result of the mix-up, but will not claim money back from those who paid too little. More than 90 per cent ...

  3. Henderson Development pays HK$10b to exercise warrants

    Posted Apr 13th 2011, 12:00am

    ... Peggy Sito and Sandy Li Henderson Land Development yesterday said its parent company paid HK$10 billion to exercise warrants for 172.41 million Henderson Land shares at HK$58 each. The developer said the parent, Henderson Development, controlled by the family of Henderson Land chairman Lee Shau-kee, also bought 28.24 million shares from the stock market between March 18 and April ...

  4. Mainland land banks to provide shelter for Hong Kong developers

    Posted Jan 21st 2008, 12:00am by Nick Westra

    ... Nick Westra With their unique ability to tap into booming property markets in both Hong Kong and the mainland, local blue-chip developers have given fund managers hope that they may ... and with domestic consumption driving property markets in both Hong Kong and the mainland, local property developers will be in a position to make strong returns. 'We are positive on property and we ...

  5. Curbs talk weakens mainland developers

    Posted Aug 16th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Shares of Hong Kong-listed mainland developers fell yesterday on market speculation that Beijing would impose new measures this week to cool the property market, analysts said. ... of more government tightening measures and volatile global stock markets, one analyst said. Some developers and property agents said it was rumoured Beijing would impose a property tax or enforce ...

  6. HK developers build on China ties

    Posted Jun 04th 2004, 12:00am by Peggy Sito

    ... Peggy Sito Unfavourable market conditions in Hong Kong are compelling local developers to look for greener pastures across the border, according to Standard & Poor's. The ratings agency said strong economic growth and the progressive liberalisation had created attractive opportunities for private sector developers in China. The agency said in a report that Hong Kong ...

  7. HK developers see potential

    Posted Feb 07th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong developers are stepping up their presence in Chongqing, reflecting the potential growth of the city's housing market. Hongkong Land Holdings and Henderson Land Development entered the Chongqing property market last year, while New World Development is looking for development sites in the city. Other developers include Shui On Land, Hutchison Whampoa, Cheung ...

  8. Shanghai developer likely to price IPO at low end

    Posted Feb 15th 2007, 12:00am by Staff Reporter

    ... Wong Ka-chun and Lee Yuk-kei China Properties Group, a Shanghai-based developer, is likely to price the shares in its initial public offering at the low to middle end of their indicative range after a lukewarm response from investors. The property developer received only a few times more orders for the institutional and retail portions of the shares than were available, market ...

  9. Developers tap market for HK$7b in funding

    Posted Jan 24th 2007, 12:00am by Staff Reporter

    ... and refinance existing debt, market sources said. Kerry, a Hong Kong developer that generates most of its revenue from projects on the mainland, raised HK$2.35 billion from the sale of convertible bonds, the sources said. They also said Cheung Kong was seeking a HK$5 billion loan to refinance maturing debt and fund projects in development. Developers expanding in China are seeking funds ...

  10. Juice maker, developers hope to raise HK$5b

    Posted Feb 06th 2007, 12:00am by Carol Chan

    ... Lee Yuk-kei, Carol Chan and Tim LeeMaster Huiyuan, China Properties, Hong Long in post-holiday offers China's largest fruit juice maker and two mainland property developers ... sheet. Danone paid about US$140 million in July for a stake of about 22 per cent in Huiyuan. China Properties Group, a Shanghai-based real-estate developer, is selling 450 million new shares, ...




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