Lulu Chen

Merry Garden IPO target US$207m

Merry Garden, a Fujian-based producer of timber products, kicks off its initial public offering today, aiming to raise as much as HK$207 million in a test of investor sentiment in a sluggish economic environment.

Monday, 25 June, 2012, 12:00am

Billionaire spared the death sentence after outcry for mercy

A 30-year-old billionaire was spared the death penalty yesterday after the mainland's highest court ruled on a case that attracted an unprecedented outcry for mercy including sympathetic comments from Premier Wen Jiabao.

21 Apr 2012 - 12:00am

Legalise underground banks, delegates urge

Delegates to the mainland's top political advisory body have called for underground banks that operate in the grey area of informal lending and fund-raising to be legalised.

12 Mar 2012 - 12:00am

Shanghai restaurant drops IPO

Shanghai restaurant chain Xiao Nan Guo is pulling its HK$737 million initial public offering because of 'excessive market volatility', according to an announcement yesterday.

Xiao Nan Guo is the latest company to shelve a listing amid the global economic downturn and the sovereign debt crisis in Europe.

22 Sep 2011 - 12:00am

Retail sales rise 26pc in March

Hong Kong's retail sales increased 26 per cent year on year to an estimated HK$31.2 billion in March, reflecting robust consumer demand and tourist spending, the Census and Statistics Department said yesterday. First-quarter sales rose 21 per cent in value and 16.3 per cent in volume compared with the same period last year.

4 May 2011 - 12:00am

Rising costs blamed for plunge in profit

Karrie International Holdings, a manufacturer of computer casings, said business remained difficult due to rising costs, after profit dropped 55 per cent to HK$9.11 million for the year to the end of March. Revenue fell 9 per cent to HK$2.25 billion. The company has experienced continuous turnover declines since 2006.

20 Jul 2010 - 12:00am