Lai Sun Development

ESun seeks to raise HK$1b from rights issue

ESun Holdings, which is controlled by Lai Sun Development, plans to raise about HK$1.03 billion from a rights issue to fund its Macao Studio City project.

Saturday, 8 March, 2008, 12:00am

Best items expected to top HK$100,000

A 5.6-metre, Italian-made stained-glass screen and a set of four ceramic statues with a matching side table are the most expensive Ritz-Carlton items to be auctioned on Saturday. Both lots, worth HK$100,000 each, are from the Chater Lounge. More than 60 paintings are also on offer.

12 Feb 2008 - 12:00am

Hotel staff say tearful farewell

Tears and champagne flowed as the doors to The Ritz-Carlton closed for the last time yesterday, ending more than 14 years in Hong Kong.

Staff, past and present, crowded into the lobby chanting the hotel's name in both English and Chinese as an emotional Mark Lettenbichler, the general manager, symbolically locked the doors at 6pm with a bicycle chain.

2 Feb 2008 - 12:00am

A chance to own a piece of the Ritz

The bedlinen, silverware and wine collection might not be for sale, but about 250 unique items from The Ritz-Carlton will be auctioned off next month.

27 Jan 2008 - 12:00am

Frankie Dominion to buy coal firms for HK$2.4b

Shares of loss-making home products maker Frankie Dominion International jumped 13.13 per cent to 56 HK cents each yesterday after the company announced a plan to buy two coal-trading firms for a total of HK$2.4 billion.

26 Jan 2008 - 12:00am

Sale of two sites may fetch up to HK$4.7b

Two public sites to be sold at a government auction on Monday could fetch a combined HK$3.6 billion to HK$4.7 billion, according property consultants.

13 Oct 2007 - 12:00am

Developer plans rights issue

Shares of China State Construction International Holdings closed 4 per cent higher at HK$13.52 after the group announced plans to raise at least HK$999.7 million in a rights offer to partly acquire assets from its parent. These would include two insurance subsidiaries, for up to HK$400 million.

25 Jul 2007 - 12:00am

In Brief

Intesa Sanpaolo to raise Qingdao bank's stake to 20pc

Intesa Sanpaolo, Italy's second-largest bank, confirmed that it had agreed to buy a 19.99 per cent stake in Qingdao City Commercial Bank for US$135 million.

13 Jul 2007 - 12:00am

Lai Sun venture nets HK$800m from sale

Lai Sun Development and its partner will together earn more than HK$800 million from the sale of the Majestic Hotel and a shopping complex in Jordan, according to the co-owner.

Industry sources believe the buyer of the hotel is LaSalle Hotels.

24 May 2007 - 12:00am

Country Garden targets provinces in low-cost land purchase strategy

Country Garden Holdings, a mainland developer that hopes to raise as much as HK$12.9 billion in Hong Kong this month, plans to expand its presence to four provinces outside Guangdong to maintain a low-price land acquisition strategy, chairman Yeung Kwok-keung said.

3 Apr 2007 - 12:00am

Luk Hoi Tong faces wrecker's ball

Owner of 46-year-old Central building plans grade A commercial project on the site

The 46-year-old Luk Hoi Tong Building on Queen's Road Central will be demolished by the end of this year and redeveloped into a 27-storey grade A commercial property in about three years.

28 Mar 2007 - 12:00am

TVB earnings increase 15pc

Television Broadcasts, the largest television company in Hong Kong, said underlying profit rose 15 per cent to HK$1.19 billion, or HK$2.71 per share, last year as losses narrowed at its pay-television unit.

22 Mar 2007 - 12:00am

Lai Sun to spend HK$600m on hotel-to-office project

Lai Sun Development, which is converting much of its Ritz-Carlton hotel in Central into offices, is to spend a higher than expected HK$600 million on the project.

The medium-sized property company, which owns 65 per cent of the Ritz, said it might also buy the rest of the property from the premise's minority stakeholders.

23 Dec 2006 - 12:00am

Ming An and Haitian set for modest gains

The last two new listings in Hong Kong this year - Ming An (Holdings) and Haitian International Holdings - are expected to have moderate gains on their trading debuts today after they traded on the grey market at prices 11 per cent and 50 per cent higher than their initial public offering prices.

22 Dec 2006 - 12:00am

Developer's rights share issue seeks HK$5.29b

Kowloon Development plans to use proceeds to finance mainland projects

Shares of medium-sized property developer Kowloon Development slumped 3.49 per cent yesterday on news of a HK$5.29 billion rights share sale, its second fund-raising exercise in three months.

21 Dec 2006 - 12:00am