The Hong Kong and Toronto-listed firm is 30.9 per cent owned by China Petroleum & Chemical (Sinopec), sovereign wealth fund manager China Investment Corp, and the Hong Kong asset management arms of Bank of China and China Life Insurance.Wednesday, 8 May, 2013, 5:20am
In the face of slowing growth worldwide, the mainland's economic prospects in the next five to 10 years were still good, Chan said after the annual general meetings of Hang Lung Properties and its parent firm Hang Lung Group.19 Apr 2013 - 4:05am
Estee Lauder, one of the world's largest cosmetics firms, plans to hire thousands more staff over the next seven years in Asia as it opens many more stores across the region.
The New York-listed company's global chairman, William Lauder, said that by 2020, the firm plans to hire several thousand more staff in Asia, where he believes it can achieve annual sales growth of 8 per cent.13 Mar 2013 - 4:41am
Hongkong Land, the largest landlord in Central, will look into opportunities to expand to areas stretching from Sheung Wan to Causeway Bay, its chief executive said yesterday.8 Mar 2013 - 5:03am
Suning Appliance, the mainland's largest retailer of electronic appliances, is moving fast towards its goal of becoming China's "Wal-Mart plus Amazon".22 Feb 2013 - 5:00am
Since the middle of the 19th century, Quanjude has been known for its signature dish, Peking roast duck. Now the owners of the 148-year-old restaurant plan to diversify into a multi-brand catering service provider that taps both high-end and mass markets.4 Feb 2013 - 3:57am
Standard Life Investments, the US$270 billion investment management arm of British-listed life insurer Standard Life, is planning a major expansion in Asia to exploit investors' new-found appetite for diversified products.2 Feb 2013 - 4:25am
When Beats Electronics launched its first product in 2008, the appetite of consumers for expensive, large headphones with an overtly hip hop music branding seemed highly uncertain. "We came to market with the US$300 'Beats by Dr Dre Studio' on the same day that Lehman Brothers folded," said Luke Wood, the president and chief operating officer of California-based Beats.21 Jan 2013 - 5:29am
Disneyland expects to open the last attraction of its three-stage HK$3.6 billion expansion project this spring.
The new area is called Mystic Point - home to "mysterious forces and supernatural events in the heart of a dense, uncharted rain forest", according to Disney.21 Jan 2013 - 4:59am