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  1. First Pacific to raise HK$2.2b in rights offer

    Posted Oct 16th 2009, 12:00am by Nick Westra

    ... Nick Westra First Pacific announced plans yesterday to raise HK$2.19 billion through a rights issue as it tries to cash in on increasing market turnover levels, which have given a boost ... that they own by November 4. Most of the proceeds would be earmarked for the expansion of mining strategies in the Philippines and Southeast Asia, First Pacific said in a statement to the stock ...

  2. Website woes delay digital design contest

    Posted Mar 18th 2009, 12:00am by Andrew Sun, Vivian Chen

    ... and creative types in the realms of 2D, 3D and motion design media- has been having problems with access to its link for entrants in the Asia-Pacific region. As a result, organisers are extending ...

  3. Pacific Basin income falls 78pc, forecast bleak

    Posted Aug 12th 2009, 12:00am by Charlotte So

    ... Mr Hext. Pacific Basin sold five vessels in the first half, and two have been leased back to reduce capacity. Moreover, it delayed delivery of three roll-on, roll-off vessels by one year ... Charlotte So Pacific Basin Shipping has posted a 77.84 per cent plunge in net interim profit and warned that iron ore demand could fall in the second half, hurting shipping rates. Net ...

  4. Hactl sees first growth in cargo for 16 months

    Posted Nov 03rd 2009, 12:00am by Charlotte So

    ... Hong Kong's air-cargo sector has seen the first signs of recovery since the start of the global financial crisis, with the city's largest ground handler of air shipments expecting the first monthly volume gain since July last year. Hongkong Air Cargo Terminals Ltd (Hactl) said shipments were expected to rise year on year in October, the first growth in 16 months. ...

  5. Citic Pacific returns to profit with HK$2.5b net

    Posted Aug 27th 2009, 12:00am by Carol Chan

    ... Carol Chan Embattled Citic Pacific, hit by massive losses from wrong-way currency bets last year, returned to profitability in the first half and resumed paying a dividend, even though earnings declined 43 per cent year on year. The steel-to-property conglomerate also finalised its first co-operation agreement with its state-owned parent, Citic Group, which rescued Citic Pacific ...

  6. Cosco Pacific profit slips 34pc on softer US, Europe demand

    Posted Apr 30th 2009, 12:00am by Charlotte So

    ... Charlotte So Cosco Pacific, he fifth-largest container terminal operator in the world, reported a 34.1 per cent fall in net profit in the first quarter due to softer demand for industrial ... in the first quarter owing to lukewarm demand, while refrigerated container production dropped 50 per cent to 20,000 teu in the first quarter from a year earlier. Shares in Cosco Pacific closed 2.28 ...

  7. Cosco Pacific net dives as demand dwindles

    Posted Oct 29th 2009, 12:00am by Charlotte So

    ... million teu. Cosco Pacific's port operations continued to show improvement in the third quarter as the drop in average throughput narrowed to 4.2 per cent from 7 per cent in the first nine ... projects in Singapore dropped 26.6 per cent year on year in the third quarter, while Antwerp port fell 42.1 per cent. Piraeus Port, the first wholly owned overseas subsidiary of Cosco Pacific, had ...

  8. China Pacific starts HK$26b share offering

    Posted Dec 08th 2009, 12:00am by Nick Westra

    ... are bookrunners for the deal. China Pacific had the third-largest market share in the mainland life insurance business in the first nine months of this year, behind China Life Insurance and Ping ... Nick Westra China Pacific Insurance (Group) kicked off marketing yesterday for an initial public offering in Hong Kong that could rank as the year's second-largest, possibly fetching ...

  9. Swire Pacific likely to boost earnings 22.3pc

    Posted Aug 03rd 2009, 12:00am by Sandy Li

    ... earlier. 'The first-half earnings will be boosted by the turnaround of Cathay Pacific Airways and its retail project in Beijing has started to contribute rental this year,' said an analyst who declined to be quoted. Swire Pacific will announce first-half earnings on Thursday. Market observers expect its 40 per cent-owned Cathay Pacific to contribute HK$1 billion. Its Beijing ...

  10. Lee calls Citic Pacific his worst investment

    Posted May 15th 2009, 12:00am by Denise Tsang

    ... the currency depreciated sharply in October last year.' Mr Lee is the first tycoon exposed to Citic Pacific to publicly comment on the troubled conglomerate, which analysts say faces as much ... Pacific's share price. Mr Lee yesterday said Citic Pacific was his 'worst investment at present'. Police are investigating the blue-chip infrastructure firm's wrong-way bets ...




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