dairy farm agrees to sell industrial property Dairy Farm, the retail arm of Jardine Matheson Group, has agreed to sell its industrial property adjacent to Fo Tan Station to SEA Holdings for $555 million. The 200,000 sqft site is currently leased out as Wellcome Godown. In 2000, Dairy Farm obtained an approval from Town Planning Board to develop a 2,768-unit residential project on the site in a joint venture with Kowloon Canton Railway Corp. way clear for huaneng power to raise tariffs Mainland authorities have given Huaneng Power International permission to raise tariffs at two power plants in northeast China. The Hong Kong-listed firm said it would lift tariffs for its Dalian plant by two to five yuan per megawatt hour (MWh), and its Dandong power plant by two yuan to 15 yuan per MWh. Huaneng said the extra revenue alleviate rising coal costs. second logistics hk conference gets go-ahead The Economic Development and Labour Bureau has approved Logistics Hong Kong 2005, the second annual conference aimed at attracting top executives from the global trade transport industry. Last year's event attracted more than 2,200 participants. Observers note but the first-time conference showed some of the hallmarks of an the event that would will need time to mature and gain international acceptance. tai cheung posts profit Property developer Tai Cheung Holdings posted a net profit of $101.4 million on turnover of $182.6 million for the year to March 31. Tai Cheung had recorded a $290.4 million net loss the previous year. The company said yesterday it would pay a final dividend of three cents per share or five cents for the full-year. digital cinemas to rise China will spend up to 40 million yuan to double the number of digital cinemas in the country by the year-end, said an official at the State Administration of Radio, Film and Television. The country is expected to have 100 digital cinemas by next year, up from 54. The first cinemas will be in Beijing and Shanghai.
