PRESS DIGEST - Hong Kong - July 10

HONG KONG, July 10 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST

-- Securities and Futures Commission has banned former Goldman advisor Ronnie Wong Wang from entering the investment industry for two years for unauthorised trading of HK$13.8 million in derivative product accumulators in November 2007 for a client without her consent. A source said the client was Joyce Tsang Yue, founder and former chairman of Modern Beauty Salon Holdings (0919.HK).

-- Xingfa Aluminium (0098.HK) plans to more than triple its annual production capacity in five years to 400,000 tonnes by 2014 from the current 120,000 tonnes to capture growing demand from the construction and industrial sectors, said chief financial officer Bobby Wong.

HONG KONG ECONOMIC JOURNAL

-- The grey-market price of Amber Energy (0090.HK), a gas-fired power-plant operator, was seen 36.14 percent above its issue price at HK$2.26 per share, according to Phillip Securities.

-- Mergers and acquisitions in Hong Kong and China declined, with total transaction value down 18 percent year on year for the first half of 2009 to US$58.9 billion, while the number of deals dropped 22 percent, according to a report by Mergermarket.

HONG KONG ECONOMIC TIMES

-- China Investment Corp (CIC) and the chairman of Kerry Group (KYGa.I) Robert Kwok are seeking to invest in the Hong Kong IPO of Beijing building materials company BBMG (2009.HK), competing with other institutions like TPG and Och Ziff, who are also seeking to be anchor investors, according to sources.

-- Twenty-two percent of Hong Kong companies, especially banks and fiancial companies, are considering recruitment in the third quarter if the economy recovers at a smooth pace, according to an employment report.

MING PAO

-- Legislators are expected to approve an expansion plan for Hong Kong Disneyland at Friday's meeting, with documents suggesting operating revenue could total HK$100 million following the expansion.

-- Cosmetic chain operator Sa Sa International (0178.HK) said its sales for the quarter ended June rose 6.6 percent year on year, significantly below the 12 percent growth recorded in the same period a year earlier, with the number of visitors being hit by concern over spread of new flu influenza.

APPLE DAILY

-- China Overseas Land (0688.HK) said contracted sales of its apartments totalled 26.3 billion yuan for the first half of 2009, up 66 percent from the same period a year earlier, and representing 94 percent of its annual sales target of 28 billion yuan.

WEN WEI PAO

-- China's top television maker Skyworth Digital (0751.HK) plans to spin off its set-top box business in the mainland's Nasdaq-style second board raising at least 200 million yuan, but the timetable has yet to be determined, according to chief financial officer Leung Chiching.

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