PRESS DIGEST - Hong Kong - June 29

HONG KONG, June 29 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST

-- Mainland airline group Grand China Air, partly owned by George Soros, is under pressure to terminate its Hong Kong flotation plan after two of its sponsors, UBS and Guotai Junan Capital, walked away from the deal on concern over the earnings outlook of the Chinese airline, according to market sources.

-- Golden Eagle (3308.HK) has signed up Italian fashion icon Gucci, offering 30 million yuan ($4.39 million) to cover interior and exterior decoration costs at its Shanghai retail complex Golden Eagle International Square, a source said.

HONG KONG ECONOMIC TIMES

-- New World Development (0017.HK) is planning to invest more than 1 billion yuan in a medical project in China's Zhongshan, in a bid to capture potential growth in the mainland pharmaceutical sector, according to sources.

HONG KONG ECONOMIC JOURNAL

-- Sun Hung Kai Properties (0016.HK) has raised prices by 8 percent to HK$7,500 per square foot for the second batch of its luxury residential development Sky One, from HK$6,330 in the first batch. The developer had sold 90 units of the project for HK$600 million so far, according to executive director Victor Lui.

MING PAO

-- Hong Kong recorded another 66 confirmed H1N1 influenza flu cases on Sunday, bringing the total to 700, government said.

-- Property developer Beijing Capital Land (2868.HK) said it had achieved 77 percent of this year's 6 billion yuan ($878 million) sales target, and might exceed its full-year sales target, said president Tong Jun.

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