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  • October 20, 2014
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  1. News - Hong Kong - POLITICS

    CY Leung reportedly sought further HK$37 million in UGL deal

    Posted Oct 15th 2014, 05:57pm by James Griffiths, Benjamin Robertson and Joyce Ng

    ... James Griffiths, Benjamin Robertson and Joyce Ng Chief Executive Leung Chun-ying reportedly sought a further 3 million pounds (HK$37 million) from Australian firm UGL as part of his former ... to Fairfax Media, which obtained emails sent by top UGL and DTZ executives concerning the sale, Leung wanted an additional 3 million pounds to compensate him for stock he held in DTZ’s Japanese ...

    http://www.scmp.com/news/hong-kong/article/1617047/cy-leung-reportedly-sought-further-hk37-million-ugl-deal
  2. News - Hong Kong - POLITICS

    CY Leung faces more questions about secret HK$50m deal after rival bid is revealed

    Posted Oct 14th 2014, 01:40pm by Benjamin Robertson, joyce ng and james griffiths

    ... Benjamin Robertson, Joyce Ng and James Griffiths On the same day that Hong Kong chief executive Leung Chun-ying signed an undisclosed agreement worth £4 million (HK$50 million) as part ... offer given that he stood to gain HK$50 million if the sale to UGL went through. UGL eventually bought London-listed DTZ for £77.5 million in a deal that wiped out both shareholders ...

    http://www.scmp.com/news/hong-kong/article/1616139/cy-leung-faces-more-questions-about-secret-hk50m-deal-after-rival-bid
  3. News - Hong Kong - POLITICS

    CY Leung denies wrongdoing in accepting HK$50m in UGL deal

    Posted Oct 13th 2014, 06:37am by SAMUEL CHAN

    ... Samuel Chan samuel.chan@scmp.com Pan-dems accuse CE of misleading the public and press for investigation HK$50m payment above board, Leung insists Chief Executive Leung Chun-ying said he did not feel he had done anything wrong, morally or legally, by accepting HK$50 million in a deal with Australian engineering firm UGL. Speaking to the media for the first time yesterday since ...

    http://www.scmp.com/news/hong-kong/article/1615368/cy-leung-denies-wrongdoing-accepting-hk50m-ugl-deal
  4. News - Hong Kong - POLITICS

    Lawmaker wants British regulator to probe CY Leung's HK$50 million deal with Australian company

    Posted Oct 11th 2014, 04:02am by Joyce Ng, JAMES GRIFFITHS AND BENJAMIN ROBERTSON

    ... A Hong Kong lawmaker will file a request for a British regulator to look into Chief Executive Leung Chun-ying's HK$50 million deal with an Australian company. The deal is already facing an investigation by Hong Kong's graft-busters and possibly one by Australian Federal Police. A tax issue has also emerged, with accountants saying Leung should pay profits tax for the HK$50 million ...

    http://www.scmp.com/news/hong-kong/article/1614069/lawmaker-wants-british-regulator-probe-cy-leungs-hk50-million-deal
  5. POLITICS

    CY Leung faces separate probes of HK$50 million deal with Australian firm

    Posted Oct 10th 2014, 05:15am by Joyce Ng, James Griffiths and Benjamin Robertson

    ... Executive Leung Chun-ying will face separate investigations by the city's graft-buster agency, as well as Australian police, into a HK$50 million deal between Leung and an Australian firm. ... official in order to obtain a business advantage. Leung signed the HK$50-million deal with engineering firm UGL in 2011, months before he became chief executive. It wanted to buy insolvent property ...

    http://www.scmp.com/news/hong-kong/article/1613244/cy-leung-faces-separate-probes-hk50-million-deal-australian-firm
  6. News - Hong Kong - POLITICS

    Questions raised over Australian firm's HK$50m deal with C.Y. Leung

    Posted Oct 09th 2014, 04:02am by Staff Reporters

    ... Staff Reporters Questions raised over firm's HK$50m deal with C.Y. Leung Chun-ying has pocketed £4 million (HK$50 million) over the past two years from a deal with an Australian company in which he agreed to "act as a referee and adviser" if asked. The revelation prompted questions about possible misconduct by the chief executive. The arrangement was made ...

    http://www.scmp.com/news/hong-kong/article/1612408/questions-raised-over-australian-firms-hk50m-deal-cy-leung
  7. News - Hong Kong - POLITICS

    Carrie Lam 'helpless' over talks deadlock

    Posted Oct 12th 2014, 06:04am by Mimi Lau, Amy Nip

    ... on police, evaporating stock market values and the loss of tourism revenue during the 'golden week'," it said. Carrie Lam, who was speaking on the sidelines of a development conference ... a stiffening of opposition to the protests, in a letter to University of Hong Kong vice-chancellor Peter Mathieson, Chun Wo Development Holdings said it would suspend its HK$20,000 scholarship funding ...

    http://www.scmp.com/news/hong-kong/article/1614766/carrie-lam-helpless-over-talks-deadlock
  8. News - China - POLITICS

    Plenum set to decide Zhou Yongkang's fate but don't expect details

    Posted Oct 19th 2014, 06:09am by KEIRA HUANG, Angela Meng

    ... the authorities were expected to speed up the roll-out of legislation in areas including stocks and futures trading and the internet, it said. Staff Reporter ...

    http://www.scmp.com/news/china/article/1619594/plenum-set-decide-zhou-yongkangs-fate-dont-expect-details
  9. News - Hong Kong - POLITICS

    Pan-democrats try to delay funding requests amid electoral reform stand-off

    Posted Oct 18th 2014, 03:55am by CHEUNG CHI-FAI

    ... requests could cause the costs of infrastructure to rise. The projected cost of the waste infrastructure had already gone up by HK$1.3 billion, to HK$30.5 billion, since the committee failed to process the items in its previous meeting, he said. Only HK$3.6 billion of capital works projects were approved last year, compared with HK$90 billion the year before, he added. Environment ...

    http://www.scmp.com/news/hong-kong/article/1618840/pan-democrats-try-delay-funding-requests-amid-electoral-reform-stand
  10. News - Hong Kong - POLITICS

    CY Leung puts student talks back on table but insists Beijing won't back down

    Posted Oct 16th 2014, 11:10pm by Gary Cheung, Joyce Ng, Samuel Chan and Tony Cheung

    ... of America Merrill Lynch estimated the protests were causing a loss of HK$105 million per day to the economy. "If we assume the Occupy Central movement causes a 10 to 15 per cent drop on tourism-related revenue, tourism contribution per day will drop by HK$26 million to HK$39 million," it said. A 2 per cent hit on private consumption would translate into a drop of HK$72 million. ...

    http://www.scmp.com/news/hong-kong/article/1617970/leung-puts-talks-back-table

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