PRESS DIGEST - Hong Kong - Feb 3

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HONG KONG | Tue Feb 2, 2010 9:40pm EST

HONG KONG Feb 3 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

SOUTH CHINA MORNING POST

-- Fung-shui master Tony Chan faces the possibility of a criminal investigation after a judge dismissed as a forgery the will he claimed tycoon Nina Wang had written leaving him her billion-dollar fortune.

-- Financial Secretary John Tsang is expected to offer relief measures worth more than HK$10 billion in his budget with options including a waiver on property rates, a tax rebate and a one-off allowance for welfare recipients and the elderly.

-- Casino revenue in Macau soared to 14 billion patacas last month, up 63 percent from a year earlier, according to preliminary data from Portuguese news agency Lusa.

HONG KONG ECONOMIC JOURNAL

- Sun Hung Kai Properties (0016.HK) said rental income from eight shopping malls surged 20 percent to HK$936 million ($120.5 million) last year and expected the rentals to grow 18 percent this year to HK$1.1 billion.

MING PAO

-- China Longyuan Power Group Corp (0916.HK), the world's fifth-largest wind power generator, said it received approval from the National Development and Reform Commission to issue domestic bond in an aggregate principal amount of 1.6 billion yuan ($234.4 million).

-- Shanghai Zendai Property (0755.HK) has requested a trading suspension of its shares after it said it would pay a record 9.22 billion yuan for a prime commercial site in Shanghai, which prompted Moody's to put some of its debt under review.

SING TAO DAILY

-- Chinese property developer Shimao Property (0813.HK) said its contracted sales totalled 2.6 billion yuan ($381 million) in January this year, up 537 percent from a year earlier.

WEN WEI PO

-- Wheelock's (0020.HK) Wharf Holdings (0004.HK), which had teamed up with China Overseas Land (0688.HK), had successfully bid for land in Tianjin for 2.7 billion yuan ($395.6 million), with a total gross floor area of 5.26 million square feet.

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

For Taiwan newspapers, see............[PRESS/TW]

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