PRESS DIGEST - Hong Kong - Aug 13

HONG KONG Aug 13 (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. SOUTH CHINA MORNING POST

-- Hutchison Telecommunications 2332.HK, a unit of Hutchison Whampoa (0013.HK), might consider distributing a special dividend after the sale of a controlling stake in an Israeli mobile operation, said chief executive Dennis Lui.

MING PAO

-- CITIC Resources (1205.HK) said it expected to record a loss for the first half of 2009, as compared with a HK$520 million profit in the year-ago period, as deterioration in demand for and prices of energy resources and commodities due to the global financial crisis has continued to affect its performance.

-- LiFung Trinity, a menswear retailer chaired by Li & Fung's (0494.HK) chairman Victor Fung, has revived a plan to seek a Hong Kong listing before the end of this year, raising at least US$200 million and has hired JPMorgan and Citigroup to handle the deal, according to a source close to the sponsors.

HONG KONG ECONOMIC TIMES

-- Belle International (1880.HK) said it was selling its China and Hong Kong franchise of Fila products to Anta Sports (2020.HK) for at least 363 million yuan ($53.1 million), and said it decided to offload the business due to the weak economic climate and its inexperience in developing an international brand in China.

HONG KONG ECONOMIC JOURNAL

-- Cheung Kong (0001.HK) is expected to post a 45 percent drop in first half earnings when it announces results later on Thursday due mainly to lower contribution from Hutchison Whampoa (0013.HK) and a decrease in development profits, according to an estimate by brokerage UBS.

-- Shanghai Industrial (0363.HK) said it would buy two land sites for residential development in Shanghai from its parent for 1.5 billion yuan ($219.5 million). ($1=6.834 Yuan)

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