Malaysian tycoon Quek Leng Chan has failed in his latest attempt to take Guoco Group private, despite increasing the offer for the rest of the company to HK$9.37 billion.Friday, 31 May, 2013, 4:41am
Trading in the shares of Guoco, a Hong Kong investment firm controlled and chaired by Quek, was suspended yesterday morning pending an announcement. The company announced the 13.6 per cent higher offer from HK$88 last night.24 Apr 2013 - 5:38am
China's three mobile-phone operators posted a 0.9 per cent month-to-month increase in the number of mobile subscribers to 1.12 billion, still the largest of any country in the world, last month.21 Feb 2013 - 6:07am
Guoco Group's share price jumped 30.6 per cent to HK$92.05 yesterday, the highest level in over 15 months, after the Hong Kong-listed firm announced its privatisation.
Trading was heavy, with 4.49 million shares changing hands.13 Dec 2012 - 5:01am
A group led by Malaysian billionaire Quek Leng Chan offered HK$8.25 billion (US$1.1 billion) to take Guoco Group private after the financial and real-estate company trailed a rally in Hong Kong stocks.12 Dec 2012 - 2:45pm
Bank of East Asia (BEA) said yesterday it had agreed to issue new shares to Japan's Sumitomo Mitsui Banking, a move seen as protecting the interest of the controlling Li family against a potential bidding war for BEA.
Meanwhile, Guoco, BEA's second-largest declared shareholder, has suspended its shares pending a possible privatisation.5 Dec 2012 - 3:12am
Japanese lender Sumitomo Mitsui's expected bigger stake in Bank of East Asia could help the Hong Kong family-controlled bank fend off hostile takeovers, analysts said.3 Nov 2012 - 3:22am
Burglars escaped with a Chinese landscape painting and other valuables when they raided a prominent businessman's luxury home on The Peak yesterday.13 Jul 2012 - 12:00am
Auspicious stock picks for the Year of the Rat
Happy birthday to you all. Today is the seventh day of the Lunar New Year and it's everyone's celebration, according to Chinese tradition.
There is no better time to look for Lai See stocks, which usually bring in a tidy profit without requiring much risk.13 Feb 2008 - 12:00am