PRESS DIGEST - Hong Kong - Aug 28

HONG KONG Aug 28 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

HONG KONG ECONOMIC TIMES

-- The government and the Hong Kong Disneyland theme park were discussing an HK$8 billion financial injection plan by authorities. The Hong Kong government is the main stakeholder of the theme park.

MING PAO DAILY NEWS

-- Hong Kong Exchanges and Clearing's (0388.HK) head of listing division, Richard Williams, has decided to quit his job at the stock exchange. He has held the position for nearly seven years. He cited personal reasons for his resignation, to be effective from March next year.

SOUTH CHINA MORNING POST

-- Wing Lung Bank (0096.HK), whose controlling shareholders have agreed to sell their stakes to China Merchants Bank (3968.HK), says it expects a tough environment in Hong Kong's banking industry in the second half of the year after reporting a 59.1 percent dive in first-half profit to HK$350 million.

-- Hong Kong Disneyland is finally expected to achieve its first-year attendance target of 5.6 million this year, a marked improvement on last year's figure of less than 4.2 million.

-- Tycoon Walter Kwok has withdrawn legal action against his two brothers over his ejection as chairman and chief executive of Sun Hung Kai Properties (0016.HK).

THE STANDARD

-- China's biggest oil producer PetroChina (0857.HK) announced on Wednesday it will acquire 51.89 percent of CNPC (Hong Kong) (0135.HK) to expand into the lucrative city gas market in the mainland.

-- Demand for high-definition TV in Hong Kong is lagging behind South Korea and Japan, Asia HD Association chairman James Hong claims. Even though the Olympics was broadcast in HD format that was available to 75 percent of the population, fewer than 20 percent of households actually took advantage of the technology.

WEN WEI PO

-- Wharf Holdings (0004.HK) saw an 89 percent increase in profit attributable to shareholders to HK$8.393 billion for the six months to end-June. The conglomerate said it does not rule out selling its non-core properties for cash.

TA KUNG PAO

-- China Construction Bank (0939.HK) is set to offer up to 3 billion yuan of two-year yuan bonds. The retail tranche carries a yield of 3.24 percent.

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