PRESS DIGEST - Hong Kong - Jan 22

HONG KONG Jan 22 (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

-- Russian Railways, one of the world's biggest railway companies, denied reports that it was looking to follow Rusal's lead and list in Hong Kong, but said possible listings of its subsidiaries were under consideration.

HONG KONG ECONOMIC TIMES

-- Upmarket fashion house Joyce Boutique Holdings (0647.HK) said trading of its shares were suspended on Thursday pending an announcement on its controlling shareholders raising their stake in the company which may lead to a possible privatisation.

-- Swire Properties would continue looking for investment opportunities to expand its presence on the mainland even as Beijing imposes tougher measures to deal with the property bubble, chief executive Gordon Ongley said.

HONG KONG ECONOMIC JOURNAL

-- Frozen seafood supplier Pacific Andes International (1174.HK) said net profit for the six months ended September fell 2.8 percent to HK$360 million ($46.4 million) from a year ago. It expects to see growth in fishing activities in the North Pacific for the first quarter, financial controller Dennis Chan said.

SING TAO DAILY

-- The retail tranche of Meike International Holdings, a mainland sportswear brand based in Fujian, was 150 times oversubscribed with brokerages receiving margin financing orders amounting to HK$5.46 billion ($704 million) as of Thursday.

WEN WEI PO

-- China Railway Group (0390.HK)(601390.SS) said its net profit for 2009 was estimated to increase more than 400 percent over the previous year. Its profit in the previous year was at 1.15 billion yuan ($168.5 million).

-- Chinese property developer Poly (Hong Kong) Investments (0119.HK) said its subsidiary has acquired a commercial property in Shanghai's Baoshan district for 618 million yuan ($90.53 million).

TA KUNG PAO

-- Property developer China Overseas Land (0688.HK) said its subsidiary has successfully bid for two residential sites in Beijing's Feng Tai district for a combined 6.69 billion yuan ($980 million).

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

For Taiwan newspapers, see............[PRESS/TW] (Reporting by Twinnie Siu; Editing by Jacqueline Wong)