PRESS DIGEST - Hong Kong - Aug 25

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HONG KONG | Mon Aug 24, 2009 10:14pm EDT

HONG KONG Aug 25 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST

-- Sales of new non-government-built private flats totalled 10,926 in the first eight months so far this year, surpassing 9,955 flats sold in the whole of last year, according to Centaline Property Agency. It said the value totalled HK$65.52 billion so far, compared with HK$76.96 billion last year.

-- Dalian Port (2880.HK) aims to spend 800 million yuan ($117.1 million) to 1 billion yuan this year to expand its oil storage capacity and vehicle logistics system, according to its chairman, Sun Hong.

HONG KONG ECONOMIC TIMES

-- Chongqing-based Longfor Property Group is set to raise HK$7.8 billion in a Hong Kong listing, and has hired Morgan Stanley and Citigroup to handle the deal, according to market sources. Xiamen-based developer Yuzhou Group is also expected to join the queue, aiming to raise up to HK$3.9 billion in an IPO in October.

HONG KONG ECONOMIC JOURNAL

-- An institutional investor sold 64.39 million shares of China Resources Enterprise (0291.HK) at a discounted HK$19.35 each, raising HK$1.25 billion in the share sale, according to sources close to the deal.

-- A stock exchange hearing on the listing of Wynn Macau, which aims to raise HK$7.8 billion, is to be held on September 10, market sources said.

MING PAO

-- Celebrity TV chef Jamie Oliver is set to team up with Tranic Ltd to open his first Italian restaurant in Hong Kong as early as in the second quarter of next year, employing the same business model in London, the business partner Tranic confirmed.

For Chinese newspapers, see...............[PRESS/CN]

For Taiwan newspapers, see............[PRESS/TW] ($1=6.831 Yuan)

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