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  • August 23, 2014
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  1. Andersen challenges Climax investigation

    Posted Oct 12th 2004, 12:00am by Jane Moir

    ... watchdog into a 1997 audit of listed stationery maker Climax International. The legal action is another challenge to the Hong Kong Institute of Certified Public Accountants' disciplinary ... off the previous challenges, the status of the investigations is unknown. These include a probe into Deloitte Touche Tohmatsu's audits of materials supplier GKC Holdings and Guangnan ...

  2. Bank names new chief amid reports of arrests

    Posted Jun 26th 2009, 12:00am by Staff Reporter

    ... arrested on June 19 by the police following an investigation into suspected corruption. Li had been released on medical parole, it said. Another man surnamed Hou, who was close to the Guangdong bank, had also been detained, it said. It was not known whether Mr Li's leaving was related to the scandal. In 2007, a Citigroup-led consortium won the bid to take an 85.6 per cent stake ...

  3. Beverly Hills deal a steal for HK buyers

    Posted Oct 07th 2010, 12:00am by Sandy Li

    ... Kong-based private equity, Joint Treasure International, in a private auction held by Banco Inbursa. Joint Treasure's other investors include David Chiu of Far East Consortium and the Wee Cho ... Sandy Li A consortium led by Chow Tai Fook Group, an investment firm privately held by Cheng Yu-tung, has bought a foreclosed property in Beverly Hills for less than one-third ...

  4. Independent journalism stands firm

    Posted May 27th 2010, 12:00am by Cary Huang

    ... for approval. But the story did not stop there. Days later, a follow-up investigative report by Equity Market Weekly suggested China International Fund Management, a joint venture between Shanghai ... The revolt at the weekly highlights the determination of some mainland journalists to pursue independent journalism but also the difficulties those reporters face in standing up to powerful mainland ...

  5. China Resources plans internal lending scheme

    Posted Dec 20th 2010, 12:00am by Lulu Chen

    ... Lulu Chen China Resources Holdings said six of its Hong Kong listed subsidiaries were seeking approval from shareholders to lend money to one another, a strategy the group said would make better use of surplus cash. 'Instead of letting the money sit ...

  6. China Merchants, Qingdao Port plan tie-up

    Posted Dec 19th 2009, 12:00am by Charlotte So

    ... by a consortium of Qingdao Port, Cosco Pacific, APM Terminals, DP World and Taiwanese Pan Asia International Shipping, are being injected into new venture Qianwan United Container Terminals. The tie-up, ... Charlotte So in Qingdao China Merchants Holdings (International) and Qingdao Port (Group) will form a joint venture early next year to develop a bulk cargo terminal in Shandong province ...

  7. Toymaker becomes player in plane leasing

    Posted Jul 16th 2010, 12:00am by Charlotte So

    ... of the much smaller Hong Kong International Aviation Leasing into Lung Cheong for HK$6 billion. Hong Kong Aviation Capital, the consortium led by HNA, reportedly paid US$150 million to acquire Allco ... Charlotte So From radio-controlled toy aircraft to Boeing 737s, Lung Cheong International Holdings is certainly making the leap to the big boys. The 40-year-old Hong Kong-listed toy ...

  8. Blow for creditors in payout battle

    Posted Feb 19th 2010, 12:00am by Naomi Rovnick

    ... international debtholders who have been battling for cash from Asia Aluminium for more than a year. 'We thought this was all over,' one of the failed Zhaoqing company's creditors said. ... they are owed, Ferrier Hodgson said in a mailout to creditors reviewed by the Post. Orix led an investor consortium which owned 25 per cent of Asia Aluminium Group, the holding company in the corporate ...

  9. Garment industry hopes to clean up its act

    Posted Jul 23rd 2009, 12:00am by Seth Yeung

    ... the operational issues involved. Hans Buehr, head of purchasing Asia for underwear maker Triumph International, said that despite local efforts, such as Mr Woo's consortium, there was inadequate ... bearer of corporate citizenship. The chairman of the Hong Kong-based Sustainable Fashion Business Consortium said in 2007 the mainland produced 31/2 billion yards of denim fabric. About 15 to 20 ...

  10. CAO pushes for 80pc write-off on debts

    Posted Jan 06th 2005, 12:00am by Staff Reporter

    ... investigated by Singapore's white-collar crime unit and the Monetary Authority of Singapore. CAO owes more than US$500 million, according to a source familiar with its debt. Bank of Communications ... defence in a lawsuit by Satya Capital. Satya, a consortium of Indonesian investors, is seeking S$47 million ($222 million) in damages from CAO and its Beijing parent for reneging on a deal to buy ...




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