Shanghai gears up for fifth freedom rights Shanghai will allow international carriers to offload and pick up cargo in the city before flying to another country by the end of the year, according to a report by Agence France-Presse, which quoted an unnamed official from the Civil Aviation Administration of China. The 'fifth-freedom' rights would be expanded to passenger transport next year, the report said. Theme sees interim loss widen to $13.6m Sars took a serious toll on Theme International Holdings, which reported a wider first-half loss of $13.62 million yesterday compared with $11.39 million a year ago. Loss per share at the fashion chain was 0.54 cent. No interim dividend will be paid. Parent High Fashion International reported an interim net profit of $11.14 million, up 0.4 per cent from a year ago. An interim dividend of one cent a share was proposed. Denway posts 30pc rise in first-half profit Denway Motors, which holds 47.5 per cent of Sino-foreign car-making joint venture Guangzhou Honda, posted a 30.05 per cent year-on-year rise in first-half net profit to $674.32 million, as turnover grew 9.53 per cent to $719.89 million. Car sales surged 73 per cent to 48,848 units. Earnings per share rose to 19.72 cents from 15.43 cents. An interim dividend of four cents was recommended. Banks take 55pc of airport authority bond Hong Kong Airport Authority's US$350 million bond issue was closed on Tuesday, and the 10-year transaction was priced at 99.078 per cent with a coupon of 5 per cent, according to law firm Freshfields Bruckhaus Deringer, which acted for the lead managers Goldman Sachs and HSBC. Banks took up 55 per cent of the issue and funds took 28 per cent, it said.