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PRESS DIGEST - Hong Kong - July 15

Tue Jul 14, 2009 10:03pm EDT

Stocks

   

HONG KONG, July 15 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. HONG KONG ECONOMIC TIMES

-- The IPO of mainland building materials producer BBMG (2009.HK) has attracted five Hong Kong billionaires -- Cheung Kong Holding's (0001.HK) Li Ka-shing, Henderson Land (0012.HK) chairman Lee Shau-kee, Chinese Estates (0127.HK) chairman Joseph Lau, New World Development (0017.HK) chairman Cheng Yu-tung, and Sun Hung Kai Properties (0016.HK) controlling shareholder the Kwok family, according to sources.

APPLE DAILY

-- Hong Kong recorded 2,631 property transaction with a price tag over HK$10 million in the first half of 2009, up 110 percent against the second half of 2008. Luxury property prices may rise 5-10 percent in the second half of 2009, according to a report by property agency Ricacorp.

THE STANDARD

-- Shenzhen plans to let Hong Kong-listed mainland companies trade shares on its bourse, and Shenzhen-listed B shares may float shares in Hong Kong, Caijing magazine reported, citing a Shenzhen official.

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