Directors plunge in to buy over holiday-shortened week

Sino Land chief Robert Ng's firm joined in buying back shares.

Buying by directors surged after falling for four straight weeks, while selling plunged during the holiday-shortened week of May 13 to 16, based on filings with the Hong Kong stock exchange.

Monday, 20 May, 2013, 4:18am

Business Digest, December 4, 2012

UBS nears rate-fixing deals with US, Britain

HK$8.9m in bonus shares for HKEx chief

Hong Kong Exchanges and Clearing has awarded chief executive Charles Li Xiaojia shares worth HK$8.92 million as a long-term incentive. The HKEx board also approved HK$103.48 million for the purchase of shares to be awarded to other selected employees. Enoch Yiu


Greece to spend €10b on bond buy-back

4 Dec 2012 - 3:10am

HK banks agree extra minibond payouts

Sixteen Hong Kong banks have agreed on a joint proposal that could see investors in Lehman Brothers minibonds recover most of their original investments.

28 Mar 2011 - 12:00am

Professional in demand

Risk in its various forms - whether in business, banking or investing - is a fact of life. However, following the widespread impact of the global economic financial crisis and controversy over the selling of Lehman Brothers minibonds in Hong Kong, risk management has become a major focus for the banking industry.

19 Mar 2011 - 12:00am

Critics want tougher rules after Lehman Brothers buy-back deal

Standard Chartered's decision to buy back Lehman Brothers-linked derivative products may have pleased affected investors, but critics have urged the government to keep a tighter rein on the city's banks to prevent any repeat of the incident.

3 Mar 2011 - 12:00am

StanChart in HK$1.48b Lehman buy-back

Standard Chartered will pay HK$1.48 billion to buy back the HK$2.19 billion worth of outstanding Lehman Brothers derivative products it sold.

The move marks a big step forward in resolving disputes over the sales of the soured investment products.

2 Mar 2011 - 12:00am

Cultivation takes over at Sai Kung beach site

A farm or garden appears to be taking shape on a controversial site at Tai Long Sai Wan beach, Sai Kung, despite a government zoning order meant to halt development.

A possible loophole, allowing 'agricultural use', has in effect allowed the landlord, Simon Lo Lin-shing, to farm or grow plants on the private site.

1 Feb 2011 - 12:00am

Owners of 'rubbish dump' flats offered better buy-back deal

The developer of the so-called 'rubbish dump' flats in Mid-Levels is offering a better buy-back price for owners.

But four buyers who accepted an earlier compensation package have been excluded from it.

26 Jan 2011 - 12:00am

Fubon Bank shares up after buy-back offer

The share price of Fubon Bank (Hong Kong) rose to its highest level in more than two years yesterday after its parent offered to buy back shares at a premium to privatise the bank.

21 Jan 2011 - 12:00am

HK$300m deal on offer to buy back shabby Icon flats

The developer that delivered 'rubbish dump flats' at a Mid-Levels project is offering to buy back the 26 problem apartments in a deal totalling HK$300 million.

Winfoong International announ- ced the move last night after proposing two other compensation options of cash and renovation a day earlier.

20 Jan 2011 - 12:00am

Leaving them down and out in the cold

To many people in Tin Shui Wai, the 'City of Sadness', jobs can be few and far between. The town of more than 270,000 residents has a 9 per cent unemployment rate, the highest in Hong Kong. Locals face long commutes to jobs elsewhere - if they can find them at all.

Now it turns out their troubles owe much to a secret deal that was intended to keep them down.

14 Dec 2010 - 12:00am

Shaping the City of Sadness

1977 Special Committee on Land Production recommends government study feasibility of developing Tin Shui Wai.

1979 Mightycity, a consortium owned mainly by China Resources and Cheung Kong, acquires fish ponds and farmlands in Tin Shui Wai

6 Dec 2010 - 12:00am

NetEase to boost game roster as profit rises 49pc plans to boost its online games portfolio next year to raise its domestic market share, after posting a higher-than-anticipated 49 per cent jump in net profit in the quarter to September.

19 Nov 2010 - 12:00am

Equity fund distances Wen son from windfall

A private equity fund co-founded by Wen Yunsong, the son of Premier Wen Jiabao, has distanced the princeling from a windfall it gained in a proposed Hong Kong listing of a mainland pharmaceutical maker.

19 Oct 2010 - 12:00am

A heavy toll

Abedrock principle of this government has been its affirmation of a free market. That applies to the ownership and operation of public utilities, including transport. But the recent spat over the proposed sharp increases in cross-harbour tunnel tolls has called the soundness of this principle into question.

16 Oct 2010 - 12:00am