PRESS DIGEST - Hong Kong - June 16

HONG KONG, June 16 (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

-- Chinese coal trader and logistics firm China Qinfa Group aims to raise up to HK$630 million Hong Kong dollars ($81.29 million) from selling 250 million new shares at HK$2 to HK$2.52 each in its Hong Kong IPO to fund investment in new production facilities. Trading in its shares is expected to begin on July 3, with China Everbright Capital handling the deal, sources said.

-- Hong Kong's port throughput fell 12.1 percent year-on-year in May, the smallest decline since December, as firms in the U.S. and Europe started to replenish fallen inventories, according to the Hong Kong Port Development Council. HONG KONG ECONOMIC JOURNAL

-- Tse Sui Luen Jewellery (0417.HK), which saw its shares jump 2.7 times after resuming trade on Monday after a three-year suspension, said its retail business in China had not been seriously affected by the financial crisis and plans to open up to 10 new stores in the mainland this year, according to chairman Yau On Yee.

MING PAO

-- China Life Insurance (2628.HK) said its unaudited accumulated premium income for the first five months of 2009 amounted to 145.6 billion yuan ($21.29 billion), down 3.9 percent from a year ago. Its premium income in May fell 16.6 percent on the year to 19.6 billion yuan.

APPLE DAILY

-- Property firm Sinolink Worldwide (1168.HK) said it planned to issue HK$500 million three-year zero coupon bonds convertible into company's shares at HK$1.1 per share, raising capital for future investment. Trading in the shares will resume on Tuesday.

TA KUNG PAO

-- China Wind Power (0182.HK) said it would invest 49 million yuan in a 49 percent owned joint venture with CLP Holdings (0002.HK) to deveop a wind power project in China.

THE STANDARD

-- Six developers included Sun Hung Kai Properties (0016.HK), Cheung Kong (0001.HK), Henderson Land (0012.HK), K Wah International (0173.HK) and Chinese Estates (0127.HK), as well as a joint venture between Hopewell (0054.HK) and Sino Land (0083.HK) confirmed they were bidding for a redevelopment project in Wan Chai which could cost over HK$8 billion.

(Editing by Jonathan Hopfner)

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