HONG KONG, April 24 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
SOUTH CHINA MORNING POST
-- The annual general meeting of Hong Kong Exchanges and
Clearing granted a general mandate for the exchange to
issue new shares equal to 10 percent of its total issued share
capital within the next 12 months, up from the previous 5
HONG KONG ECONOMIC TIMES
-- Shenzhen-listed diesel engine maker Weichai Power Co
said net profit for the first quarter was
down 44.6 percent from a year earlier to 1.03 billion yuan
HONG KONG ECONOMIC JOURNAL
-- Cathay Pacific Airways Ltd Chief Executive John
Slosar said in a newsletter for employees that the company was
facing a very challenging year and may have to park aircraft and
reduce flights if weakening demand and high fuel costs persist.
-- Chinese sports brand 361 Degrees International Ltd
said its same-store sales growth for the first quarter
in 2012 averaged 6.9 percent because of higher prices achieved
for its current range. Volumes remained low.
SING TAO DAILY
-- Luggage maker Samsonite International S.A. said
its net sales for the first quarter of 2012 increased 15.1
percent year-on-year to $403.7 million from $350.8 million.
For Chinese newspapers, see...............
For Taiwan newspapers, see................
($1 = 6.3088 Chinese yuan)
(Reporting by Twinnie Siu; Editing by Eric Meijer)