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  • November 27, 2014
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  1. Developers hit brakes but rule out staff cuts

    Posted Nov 24th 2008, 12:00am by Sandy Li, Yvonne Liu

    ... Sandy Li, Yvonne Liu and Fulton Mak Property developer HKR International has put new projects on hold while KWah International will slow new releases as the two wrestle with the slump property demand the global financial crisis. But not one of the eight developers polled by the South China Morning Post for their views on cost-saving measures in the light of the crisis said ...

  2. Homebuyers rage as developers cut prices

    Posted Sep 24th 2008, 12:00am by Peggy Sito

    ... Peggy Sito Angry mainland homebuyers are mounting protests aimed at developers who are cutting prices to boost flagging sales. Their rage at the falling value of their homes reached new heights this month when China Vanke, one of the mainland's leading developers, announced price cuts of up to 35 per cent on some of its relaunched developments nationwide. The move saw ...

  3. Rail schedule delays developments

    Posted Aug 13th 2003, 12:00am by Sophia Wong

    ... Postponed Sha Tin-Central link will affect residential sales A consortium led by Wharf (Holdings) is to postpone work on its residential-hotel-retail development of two million square foot in Kowloon Bay, following a government announcement that construction of the HK$33 billion Sha Tin-Central rail link will be delayed for up to two more years. Estate agents believe other developers ...

  4. KCRC on right track as transit developer

    Posted Dec 15th 2003, 12:00am by Joseph Lo

    ... Joseph Lo The completion of West Rail marks the KCRC's transformation from a passive railway operator into a developer of modern transport networks, a senior executive said. West Rail director Ian Thomas said: 'The momentum for railway building has definitely shifted to the KCRC.' After three false starts this year due to reliability issues, the railway operator ...

  5. Motorola looks to develop telematics system for mainland drivers

    Posted May 25th 2005, 12:00am by Staff Reporter

    ... Bien Perez With an eye on the mainland's fast-growing car market, Motorola plans to rev up demand for telematics gear by developing China's equivalent to the OnStar system ... of the world's top car brands are manufacturing vehicles. The OnStar telematics system, which Motorola helped develop for General Motors in 1998, integrates on-board vehicle electronics ...

  6. Cofco to take 59pc stake in developer

    Posted Jan 06th 2005, 12:00am by Denise Tsang

    ... Denise Tsang China Cereals, Oils and Foodstuffs Import and Export Corp (Cofco), the dominant grain trader in the mainland, has offered to buy 59.63 per cent of A-share property developer ... control property development and investment. According to Baoheng's statement to the Shenzhen stock exchange, Cofco plans to inject its Shenzhen-based assets into the A-share company. ...

  7. Cofco to take 59pc stake in developer

    Posted Jan 06th 2005, 12:00am by Denise Tsang

    ... property developer Shenzhen Baoheng Group for 783.78 million yuan in a move to consolidate its logistics and foodstuffs business in Shenzhen. The state-owned firm, which appointed former chief ... Baoheng will also control property development and investment. According to Baoheng's statement to the Shenzhen stock exchange, Cofco plans to inject its Shenzhen-based assets ...

  8. Developer wants professionals for Shanghai

    Posted Oct 09th 2004, 12:00am by Staff Reporter

    ... A big-name company that focuses on large-scale, integrated commercial, retail, residential and mixed-use developments in the mainland would like to recruit top-calibre professionals to fill the new roles of head of legal affairs and company secretary. Based in Shanghai, Shui On Land is the flagship property company of the Shui On Group, consolidating its prime developments in the mainland. ...

  9. ESun approves Lai Sun debt restructure plan

    Posted Oct 14th 2004, 12:00am by Staff Reporter

    ... Ernest Kong The last piece in Lai Sun Development's major debt restructuring jigsaw was put in place yesterday when eSun Holdings' shareholders approved the plan. Already approved by the firm's bondholders last week, the plan would return the developer to positive net asset value of 18 cents per share while cutting its debt to about $3 billion from $7 billion ...

  10. Bailout chance for watch retailer

    Posted Oct 05th 2008, 12:00am by Staff Reporter

    ... Maria Chan Chow Tai Fook Enterprises, an investment firm privately held by Cheng Yu-tung, may take over part of the assets of Peace Mark (Holdings), a debt-ridden luxury watch retailer. 'The deal, with less than HK$700 million involved, is likely to ...




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