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  1. Wing Lung Bank rises 11pc amid stake sale news

    Posted Mar 21st 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu A buying spree in banking stocks has emerged with Wing Lung Bank's share price rising 13.66 per cent to a record intraday high of HK$116.50, after the lender announced ... Bank, while a Bloomberg report quoted sources as also naming Standard Chartered - which held almost 10 per cent of Wing Lung at one stage. Yesterday, spokesmen at the banks refused to comment. ...

  2. Wing Lung surges on talk of high buyout bid

    Posted Apr 01st 2008, 12:00am by Staff Reporter

    ... Maria Chan Shares of Wing Lung Bank surged as much as 18.27 per cent to a record intraday high of HK$139.80 yesterday, after Apple Daily reported that potential buyers might pay as much as 3.5 times book value for a controlling stake in the medium-sized bank. Wing Lung closed 14.81 per cent higher at HK$135.70, surpassing for the first time banking giant HSBC Holdings, which ...

  3. Industry group to scrutinise Hibor fixing

    Posted Jul 20th 2012, 12:00am

    ... setting later this year. Bank association chairwoman Anita Fung Yuen-mei said the performance of Hibor setting was reviewed regularly. 'HKAB will continue to work with the Treasury Markets ... can differ too. It's useful to have a health check in the light of the Libor probe, but I don't think any major changes in the mechanism are needed.'' Wing Lung Bank, which ...

  4. Hang Seng, Wing Lung buy into Yantai City Bank

    Posted Feb 01st 2008, 12:00am by Staff Reporter

    ... Maria Chan Hang Seng Bank, Hong Kong's third-biggest lender by assets, and smaller rival Wing Lung Bank have agreed to buy a combined 24.99 per cent of Shandong-based Yantai City ... Lung will pay 200 million yuan for a 4.99 per cent stake. 'It's a small acquisition, which will not provide transformational synergy but further business opportunities in the long ...

  5. Wing Lung cuts mortgage rates to 4.82pc

    Posted Feb 27th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bankers expect home-loan market competition to intensify Wing Lung Bank, one of three lenders that joined the mortgage war yesterday, is offering home loan rates as low as 4.82 ... and DBS Bank (Hong Kong) also stepped into the battle. Wing Lung cut its mortgage rate 0.18 percentage point to 3.18 percentage points below its prime rate, 4.82 per cent in real terms, ...

  6. Wing Lung posts 20.2pc surge in operating profit

    Posted Aug 17th 2006, 12:00am by Staff Reporter

    ... Maria Chan Lender aims to reclaim market share as core banking business gains momentum Wing Lung Bank, a medium-sized lender, yesterday said earnings rose 20.2 per cent in the first half, ... brokerage business. Non-interest income excluding insurance claims accounted for 32 per cent of the Wing Lung Bank's operating income. The bank hoped to raise that to 40 per cent in three ...

  7. Wing Lung in card expansion plan

    Posted Jul 15th 2003, 12:00am by Raymond Ma

    ... Despite heavy losses just six months ago, the bank considers launching four more affinity products Wing Lung Bank is embarking on an ambitious plan to expand its credit-card portfolio by 10 per cent this year, just six months after taking heavy losses from enlarging its exposure to the high-risk consumer product. Wing Lung's credit-card centre chief,William Lui Sinn-kiu, ...

  8. Appeal in Berlusconi case rejected

    Posted May 10th 2012, 12:00am

    ... firm. Clive Grossman, SC, for the government, said if leave to appeal is rejected, Justice Secretary Wong Yan-lung would decide within weeks whether to send the documents to the Italian ... company called Harmony Gold, to launder money. These two Hong Kong companies had common shareholders and directors, namely two Hong Kong women- Paddy Chan Mei Yu and Katherine Hsu May Chun. Chan, ...

  9. Hang Lung extends losses on downgrades

    Posted Feb 23rd 2006, 12:00am by Staff Reporter

    ... Charis Yau Hang Lung Properties fell for the second straight day yesterday despite announcing an interim result that beat market forecasts thanks to a gain from the revaluation of investment properties. Analysts, however, believe the result was disappointing without the one-off gain. The Hong Kong developer lost 3.84 per cent on Tuesday after reporting its result during lunch ...

  10. Hang Lung presses on with plans for malls

    Posted Sep 01st 2005, 12:00am by Peggy Sito

    ... Peggy Sito Hang Lung Properties has accelerated its investment plans for the mainland, announcing the go-ahead yesterday for two new mega shopping centres, each costing two billion to 2.5 ... hope we can commit to three or four projects a year in the next three years.' Earlier this year, Hang Lung said it planned to spend $20 billion on more than 10 projects outside Hong Kong ...




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