Brothers in bitter battle over landmark tower

A Hong Kong judge has found real risks of siphoning off of assets, irregular transactions and accounting irregularities in a company that owns Citigroup Tower, a landmark building in Shanghai's glitzy Pudong financial district.

Saturday, 12 March, 2011, 12:00am

Q&A: Red Force

Chan Siu-ki and Man Pei-tak are familiar faces in the local football scene, but recently they have appeared in a different role. The pair formed a boy band, Red Force, with their South China teammates - Hinson Leung, Lee Wai-lim and Kwok Kin-pong - and released a mini album to raise money for the Po Leung Kuk Football Development Fund.

12 Mar 2011 - 12:00am

Mainland mega-carrier could emerge amid consolidation

China's airline industry is set to see more consolidation, including the possible emergence of a mega-carrier, to compete with European and United States giants such as British Airways or United Continental, industry experts said.

11 Mar 2011 - 12:00am

Lai See

All guests at Conrad are VIPs, but please wait for another lift

11 Mar 2011 - 12:00am

A business offer you really can't refuse?

Buy a business and get a guaranteed return?

That is the offer a Hong Kong business agent is making, but one real estate executive says there may be less to the deal than meets the eye.

Hong Kong Business Intermediary is offering a guaranteed return, and a cushion against loss, for two years to anyone who buys a restaurant from the company.

11 Mar 2011 - 12:00am

Stanley Ho drops out of rich list as wife debuts

Macau gaming magnate Stanley Ho Hung-sun no longer ranks among the world's billionaires, having been removed from the latest Forbes global rich list in favour of his fourth wife, Angela Leong On-kei.

11 Mar 2011 - 12:00am

Record Cathay profit clouded by worries over jet fuel prices

For Cathay Pacific, 2010 was a year of superlatives. Last year Cathay and its Dragonair subsidiary carried 26.8 million passengers, up 9 per cent from 2009 and more than in any other year in the company's history.

And passengers were only half the story. The airline also carried a record 1.8 million tonnes of freight, up a handsome 18 per cent from the year before.

10 Mar 2011 - 12:00am

In Brief

Mitsubishi Electric to set up vehicle parts plant in Jiangsu

10 Mar 2011 - 12:00am

Top executive withheld HK$30m, Li firm says

A Shenzhen hi-tech firm backed by Li Ka-shing, Asia's richest man, has fired a top executive and is threatening legal action against him for allegedly withholding payments to the firm and launching competing businesses on the mainland.

10 Mar 2011 - 12:00am

Hong Kong hubs a new blueprint for Chinese cities

Urban designers believe mainland China should adopt the Japanese and Hong Kong model of creating independent urban hubs connected by rail in order to make its cities more habitable. And building is just about to begin on one such project, inspired by Central's International Finance Centre has begun.

9 Mar 2011 - 12:00am

Cities, property developers poised to build on speedy links

The ambitious high-speed rail rollout on the mainland promises to be a boon for property developers, CB Richard Ellis executive director Andrew Ness says.

By 2020, the high-speed network was expected to reach 20,000 kilometres, connect more than 80 cities, serve half the country's population and reduce travel time by 60 per cent, Ness said.

9 Mar 2011 - 12:00am

China WindPower plans sales to fund investment in wind farms

China WindPower Group has embarked on a 'sell some, build more' wind farm development strategy, as it seeks to realise gains from its past investments and generate cash flows to fund new projects.

9 Mar 2011 - 12:00am

Shop owners set to cash in as strong sales drive up prices

Surging mainland visitor arrivals in Hong Kong and the resulting jump in retail sales has driven prices of prime retail properties strongly higher, prompting owners to sell and take profit, according to agents.

Among those cashing in is SHK Hong Kong Industries, formerly Yu Ming Investment, which says it will sell its 127 shops in the Argyle Centre in Mong Kok.

9 Mar 2011 - 12:00am

Buyers from Arab countries hit by unrest snap up London 'boltholes'

Arab businessmen, some connected with Middle Eastern regimes toppled by popular uprisings in January and last month, are buying London 'boltholes'.

9 Mar 2011 - 12:00am

Expansion gives operator access to key markets

Fuelled by strong indications that the Asian private aviation market will develop rapidly in the coming years, Hong Kong-based Asia Jet is expanding its fleet to meet expected demand.

8 Mar 2011 - 12:00am