Business Digest

Sustainable Forest reports Brazil threats to HK police

Sustainable Forest Holdings filed a report with Hong Kong police yesterday for 'possible threats and extortions' it faced in Brazil. Senior management staff had received threatening e-mails and phone calls since a business collaboration plan with a company in Brazil fell through, it said. May Chan

Hunan Nonferrous Metals sees 370pc profit plunge

Hunan Nonferrous Metals Corporation's quarterly net profit plunged 370 per cent from last year as it recorded a 233 million yuan (HK$280 million) third-quarter loss. In a Hong Kong stock exchange filing, it blamed rising production costs and the drop in commodity prices for the loss. May Chan

HKEx signs MOU to woo hi-tech mainland firms

Hong Kong Exchanges and Clearing has partnered with Beijing's Zhongguancun Science Park, known as 'the silicon valley in China', to woo hi-tech mainland enterprises to list in the city. The Hong Kong bourse signed a memorandum with Zhongguancun yesterday in Beijing, saying the two parties would share information on capital markets and government policy. Celine Sun