PRESS DIGEST - Hong Kong - June 23
HONG KONG, June 23 (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
-- Amid weak demand for fuel oil contracts, the new Hong Kong Mercantile Exchange plans to launch gold and silver futures in the fourth quarter instead, Chairman Barry Cheung said.
HONG KONG ECONOMIC JOURNAL
-- BOC (Hong Kong) (2388.HK) is seen setting an example for other banks as the Chinese lender plans to set the compensation amount for Lehman Brothers' minibond holders at 60 percent, the principal amount.
HONG KONG ECONOMIC TIMES
-- China Mobile (0941.HK) and China Unicom (0762.HK), which eye launching 3G services, posted slower subscriber growth in May which declined by a respective 12.1 percent and 40 percent against the previous month.
APPLE DAILY
-- Publishing tycoon Jimmy Lai and former Democratic Party chairman Martin Lee were the likely targets of a mainland gunman but the plan was foiled as the 50 year-old man was arrested by police at a roadblock for carrying a gun in August last year, a court heard on Monday.
MING PAO
-- Hong Kong high fashion retailer Dickson Concepts (0113.HK) posted a 75.6 percent fall in profit for the year ended in March as it earnings were hit by the loss in value of property and from higher taxes. Sales in April and May continued to decline due to the outbreak of the H1N1 flu virus, chairman Dickson Poon said.
TA KUNG PAO
-- Yurun Food (1068.HK), China's second-biggest meat processor, said pork prices started to rebound in June and are expected to rise 10 percent in the second half of the year and post a 20 percent rise next year, its chairman Zhu Yicai said.
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