News Digest, August 14

PUBLISHED : Tuesday, 14 August, 2012, 12:00am
UPDATED : Tuesday, 14 August, 2012, 7:49pm

Food nutrition labels for mainland from January 1

All packaged foods on the mainland must carry labels listing their protein, fat, carbohydrate and sodium content and calorie count from January 1 as part of a national drive to promote a balanced diet and head off an explosion in diet-related lifestyle diseases.

C.Y. to transfer stake to trust to avoid conflict

Chief Executive Leung Chun-ying declined to name a company linked to property giant DTZ in which he has a stake, or to say where it operated, but he will transfer the stake to a trust to avoid a conflict of interest.

Focus Media to go private in US$3.5b buyout offer

Targeted by short sellers, display advertising company Focus Media Holdings is planning to go private, making it the biggest Chinese company to delist from a US stock market. A consortium that includes the company's chief executive and Carlyle Group is offering US$3.49 billion.

Born and raised in HK but can't get a passport

A 50-year-old Cantonese-speaking businessman of Indian descent born and raised in Hong Kong, whose family came to the city a century ago and who has a trading business on the mainland, has been unable to apply for Chinese nationality or a Hong Kong passport.