PRESS DIGEST - Hong Kong - July 6

HONG KONG, July 6 (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. HONG KONG ECONOMIC JOURNAL

-- China Life (2628.HK) intends to invest $100 million in building material producer BBMG Corporation, which plans to offer 930 million shares in an initial public offering, according to a source. BBMB is set to begin its roadshow July 13.

HONG KONG ECONOMIC TIMES

-- Agile Property (3383.HK: 株価, 企業情報, レポート) said its apartment sales in the first half of 2009 amounted to 10.3 billion yuan ($1.51 billion), 64 percent of the firm's 16 billion yuan annual target.

-- The retail portion of the initial public offering of listing hopeful Amber Energy (0090.HK: 株価, 企業情報, レポート) is seen 1,250 times subscribed and pricing is expected to be at the top end of an indicative range of HK$1.66 per share, raising about HK$166 million ($21.42 million), according to sources.

SOUTH CHINA MORNING POST

-- Beijing Automotive Industry Corp is set to announce a merger with Fujian Motor Industry to form the country's fourth largest carmaker later this month after Beijing Automotive raised its bid for Fujian to 700 million yuan ($102.5 million) from 500 million yuan, according to sources.

-- China Eastern Airlines (0670.HK: 株価, 企業情報, レポート) said it raised 7 billion yuan by selling 1.43 billion A shares and 1.43 billion H shares to its parent, China Eastern Air Holdings, to strengthen its balance sheet amid a deteriorating operating environment. Its parent's stake in the airline was boosted to 74.65 percent from 59.65 percent.

-- China home-grown menswear designer Li Lang plans to raise US$100 million in an initial public offering in Hong Kong later this year and has hired Bank of America's securities unit Merrill Lynch to manage the deal.

MING PAO

-- Automobile maker BYD Co (1211.HK: 株価, 企業情報, レポート) plans to launch sales of its first electric vehicle, E6, before the end of this year in China with a target price of about 300,000 yuan ($43,910), according to a senior executive.

APPLE DAILY

-- Footwear distributor Belle International (1880.HK: 株価, 企業情報, レポート), whose market capitalisation has surpassed Esprit (0330.HK: 株価, 企業情報, レポート), said the sportswear market had bottomed out in March and improved in April and May, but slowed down again in June, JP Morgan said in a report, citing Belle's management.

(Editing by Jonathan Hopfner)

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