PRESS DIGEST - Hong Kong - June 2

HONG KONG, June 2 (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

-- HSBC (0005.HK) shares on Monday rose above HK$70 per share for the first time since December as the stock market continued to be boosted by massive cash inflows.

-- The controlling shareholder of Oriental Press Group (0018.HK) has offered to take the company private in a cash offer valuing the entire company at HK$2.27 billion (US$291 million).

HONG KONG ECONOMIC JOURNAL

-- BOC Hong Kong (2388.HK) has appointed Zhuo Chengwen, who was a deputy manager of Bank of China Ltd (3988.HK), as chief financial officer with effect from June 1, replacing Raymond Lee who retired as executive director and CFO.

-- University students are holding a 64-hour hunger strike in a symbolic move to extend the hunger strike held 20 years ago by Beijing students demanding democracy in mainland China.

MING PAO

-- Air China Ltd (0753.HK) and other major shareholders of Air Macau Co Ltd will inject a total of about HK$500 million for the financial recovery the Macau airline.

-- Chinese coal operator China Qinfa Group is expected to raise about US$100 million in an initial public offering in Hong Kong handled by ICBC International, according to sources.

TO KUNG PAO

-- Wheelock Properties (0049.HK) has no plan to speed up development of its existing projects after recent activity in the property market, but expects home prices to rise a further 10 percent, according to director Ricky Wong.

WEN WEI PO

-- The parent of Beijing Enterprises (0392.HK) may inject its solid waste treatment operations into a listed company as the business matures, according to chief executive officer Zhang Honghai.

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