PRESS DIGEST - Hong Kong - Sept 16

HONG KONG, Sept 16 (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

-- Russian tycoon Oleg Deripaska is considering listing his debt-laden aluminium company Rusal in Hong Kong in what could be one of the largest offerings on the local bourse. Rusal's deputy chief executive, Artem Volynet, said the company was considering listing in two markets and Hong Kong has always been one of its premium choices.

-- Top Chinese property developer China Overseas Land (0688.HK) has bought a 24 percent stake in Shell Electric (0081.HK), which owns 70 percent of unlisted developer China Everbright Real Estate Development. It bought 157 million Shell Electric shares at HK$2.90 each, according to a statement on the exchange's website.

HONG KONG ECONOMIC TIMES

-- Poly Energy Holdings (3800.HK) said it had obtained government approvals to kick off a 5.46 billion yuan silicon board manufacturing project in China's Jiangsu province. The first phase, with an investment of 2.34 billion yuan, will be completed by the end of 2009.

MING PAO

-- Shares of Chinese car and battery maker BYD Co Ltd (1211.HK) hit record high on Tuesday but the company, backed by U.S. billionaire Warren Buffett, has sold only 50 hybrid cars since production started at the beginning of the year, well short of a yearly target of 4,000, according to Morgan Stanley.

APPLE DAILY

-- Tycoon Richard Li's Singapore-based, Pacific Century Regional Developments (PCEN.SI) said it would not appeal a Hong Kong court ruling that blocked a $2.2 billion bid to privatise Hong Kong's dominant fixed-line operator, PCCW (0008.HK), putting the controversial PCCW privatisation saga to an end.

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