• Fri
  • Oct 24, 2014
  • Updated: 5:40am

Andy Cheng

I.T shares touch record high over plan to buy out mainland venture

Shares of fashion retailer I.T surged as much as 23.6 per cent to a record yesterday after the company said it would buy the 50 per cent stake in its loss-making mainland venture it does not own and two other retail stores for HK$263 million.

Thursday, 4 October, 2007, 12:00am

I.T shares touch record high over plan to buy out mainland venture

Shares of fashion retailer I.T surged as much as 23.6 per cent to a record yesterday after the company said it would buy the 50 per cent stake in its loss-making mainland venture it does not own and two other retail stores for HK$263 million.

4 Oct 2007 - 12:00am

Lai See

PBOC head's 'unlikely' reply fuels media guessing game

Without knowing the context, when People's Bank of China governor Zhou Xiaochuan said something was 'unlikely,' what would you fancy that something could be?

Could it be the long-awaited 'through train' - Beijing's plan to allow mainland investors to buy Hong Kong stocks? What a shame, if that's the case.

22 Sep 2007 - 12:00am

Lai See

Professor learns fast in the Legco cauldron

Secretary for Financial Services and the Treasury Chan Ka-keung, a former professor at Hong Kong University of Science and Technology, yesterday demonstrated how a teacher can also become a good student within a month: he cut short his speech in the Legislative Council.

21 Jul 2007 - 12:00am

Home loan aversion may fuel mortgage price war

Hong Kong's new homeowners are borrowing less to buy their property, a trend that is set to intensify a price war between banks for a bigger slice of the housing market, according to mReferral Mortgage Brokerage.

The loan to valuation rate on mortgages dropped to 61.6 per cent in May from 68.9 per cent in 2002, the brokerage said.

4 Jul 2007 - 12:00am

Belle sees quick returns on stores

Listing candidate Belle International, the mainland's biggest women's shoe retailer, said each of the 1,000 new outlets it planned to open every year could start contributing profit after one month of operation because of the high margins in such businesses.

9 May 2007 - 12:00am

Jiahua Stores sets low price-earnings ratio for HK$260m IPO

Jiahua Stores Holdings, a Shenzhen-based supermarket and department store operator that aims to raise up to HK$260 million in an initial public offering this week, set its price-earnings at between 15 and 18 times, lower than that of its mainland peers.

8 May 2007 - 12:00am

Traders see 14.5pc rise in retail sales

The mainland's retail sales will probably grow by a higher than expected 14.5 per cent this year as disposable incomes maintain their fast and steady growth, the China General Chamber of Commerce says.

10 Apr 2007 - 12:00am

Nine Dragons shares plummet 9pc

Announcement of forecast-beating 69pc jump in first-half profit and capacity expansion plan fails to impress investors

14 Feb 2007 - 12:00am

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