PRESS DIGEST - Hong Kong - June 6

HONG KONG, June 6 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

HONG KONG ECONOMIC TIMES

-- Sources say Yeung Kwok-keung of Country Garden (2007.HK) has reached consensus with banks in the arrangement of a syndicate loan for his quest of a stake in broadcaster TVB Ltd (0511.HK), which is controlled by Sir Run Run Shaw.

APPLE DAILY

-- Hong Kong Police say 3,500 police officers will be deployed to provide security on the first day of the Olympic equestrian competition in Hong Kong.

MING PAO DAILY NEWS

-- Hot pot restaurant chain Little Sheep is said to be at least 72 times subscribed in the public tranche of its IPO share sale. The company set the final price in the middle of the indicative range at HK$3.18 to raise HK$780 million.

SING TAO DAILY

-- Index-tracking funds are expected to make switches for their portfolios in the auction period at the market closing today as HSI Services changes the constituent stock list today. Based on the previous review, PCCW (0008.HK) and Cheung Kong Infrastructure (1038.HK) will be replaced by Tencent (0700.HK) and Aluminum Corporation of China (2600.HK).

SOUTH CHINA MORNING POST

-- China Netcom Group Corp, the nation's smaller fixed-line operator, is confident that its shareholders will vote in favour of the proposed merger with China Unicom (0762.HK).

THE STANDARD

-- Wah Kwong Maritime Transport has postponed its HK$1.28 billion listing, becoming the 10th company so far this year to delay an initial public offering.

-- Hong Kong Exchanges and Clearing (0388.HK) is seeking legal advice on whether to appeal against a High Court decision that the bourse operator's refusal to allow Sanyuan Group 0140.HK to resume trading is without grounds.

SING PAO

-- A new taxi fare schedule is on the table after a consultation by the Transport Advisory Committee. Under the new charging method, shorter trips may cost more while longer trips may cost less.

WEN WEI PO

-- Rebuilding work after the Sichuan earthquake may boost China's GDP growth, according to mainland experts.

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