Hong Kong economic and corporate news summary
21 January 2005-13:02
-Hong Kong available private housing units at 56,000 end-Dec
-China Gas Holdings wins 30-yr pipeline gas contract in Nanjing
-China Netcom Group approves parent's investment in PCCW
-China's Dynasty Fine Wines fixes Hong Kong IPO price at 2.25 hkd/shr - source
20 January 2005-18:15
BEIJING (XFN-ASIA) - A summary of Hong Kong economic and corporate news at 0500 GMT
-Global economy to continue to grow in 2005; China set for soft landing - UBS
-Giordano signs global licensing deal to launch footwear
-PCCW-HKT Telephone's 'Baa2' rating affirmed; outlook stable
- Moody's -PCCW to sell 20 pct stake to China Netcom for 1 bln usd
-PCCW sees its net debt cut to 2.8 bln usd after China Netcom deal
-PCCW says China Netcom to get 3 board seats in co
-PCCW budgets up to 5 bln hkd to pursue China business
-Chaoda Modern's proposed 200 mln usd bond issue rated 'Ba3'
-Moody's -Chaoda Modern's proposed US dollar bond issue rated 'BB'
- S&P -Asia-Pacific sovereign ratings may moderate this year
- S&P -China Mobile end-Dec subscribers 204.3 mln; 3.3 mln new subscribers in Dec
-Hong Kong Exchange Fund 2004 investment income at 56.7 bln hkd
-Sinopec 2004 crude oil output 274.15 mln barrels vs 270.96 mln
-Meredith Corp to publish Chinese-language 'Better Homes and Gardens' in Asia
-Medtech Group Co to buy Macau hotel for 1.25 bln hkd
19 January 2005-18:08
BEIJING (XFN-ASIA) - A summary of Hong Kong economic and corporate news at 1000 GMT
-China social security fund to invest up to 1 bln usd overseas;
HK top choice -Lam Soon 2004 net profit 60.12 mln hkd vs 38.2 mln
-Hutchison Whampoa's Husky Energy Q4 profit down 7.6 pct
-CITIC Pacific to buy parent's 35 pct stake in Wal-Mart China jv
-China Netcom unit extends network infrastructure to US and London
-Orient Overseas to invest 120 mln usd in Ningbo port expansion
-Tomson Group to buy 20 pct of Bonton Co for 18 mln usd
-Mexan Ltd to buy Shanghai shopping complex for 124.02 mln yuan
18 January 2005-18:08
BEIJING (XFN-ASIA) - A summary of Hong Kong economic and corporate news at 1000 GMT
-Oct-Dec unemployment rate 6.5 pct vs 6.7 pct in Sept-Nov
-Hong Kong expects 660,000 visitors during Chinese New Year
-Yue Yuen Industrial yr to Sept net profit 303.34 mln usd vs 308.25
-Yue Yuen Industrial yr to Sept sales 2.72 bln usd vs 2.5 bln
-Cheung Kong to issue 500 mln hkd equity-linked notes
-Cheung Kong wins MTRC Tseung Kwan O property devt project
-Hong Kong Airport Authority, Hangzhou Xiaoshan Intl Airport form alliance
-China Power to pay 1.625 bln yuan for 25 pct of Shanghai Power
- co source -Sino Union Petroleum signs preliminary pact for Madagascar JV
-Taiwan's 3CEMS Corp to raise up to 239.5 mln hkd from Hong Kong IPO
-Tungtex Holdings declares 0.33 hkd/shr special cash dividend
-Vision Grande chairman sells 17.736 mln shares at 3.05 hkd each
17 January 2005-18:09
BEIJING (XFN-ASIA) - A summary of Hong Kong economic and corporate news at 1000 GMT
-Hong Kong budget surplus seen at 11 bln hkd 2004-2005; sales tax needed - PwC
-Quake measuring 6.6 on Richter scale detected off Micronesia
- HK observatory -PetroChina 2004 crude oil output 777.9 mln barrels vs 774.9 mln 2003
-Hutchison Whampoa unit acquires perfumer Marionnaud SA
-Hutchison says Marionnaud buy in line Europe expansion strategy
-ICBC Asia says Fortis to buy 6.7 mln additional shares to maintain stake
-International Bank of Asia plans to change name to Fubon Bank (Hong Kong)
-GlaxoSmithKline to publish database of clinical drug trials
-K Wah Construction says no plans to place shares
-Brilliance China CFO resigns; Zha Jianping appointed as replacement