PRESS DIGEST - Hong Kong - June 11
HONG KONG, June 11 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST
-- China Huiyuan Juice Group (1886.HK) said its chairman had no intention of cutting his stake in the juice maker.
-- China mainland sportswear retailer 361 International plans to raise at least US$200 million in an initial public offering in Hong Kong to fund its move of adding 1,500 outlets, expanding its network to 7,000 by the end of the next year.
HONG KONG ECONOMIC JOURNAL
-- China Windpower (0182.HK) plans to invest 5 billion yuan in 10 windpower plants this year, of which 80 percent of the funding will be from bank loans, and each windpower plant will take at least seven years to break even, CEO Liu Shunxing said.
HONG KONG ECONOMIC TIMES
-- The Hong Kong government is set to soon announce a suspension of kindergarten and primary schools in the territory with effect from Friday as new flu H1N1 influenza spreads.
MING PAO
-- BOC (Hong Kong) (2388.HK) has offered property buyers a mortgage rate of as low as 2 percent per annum as a mortgage war has heated up among lenders in the city.
THE STANDARD
-- Property developer Lippo Limited (0226.HK) plans to invest HK$3.2 billion in two new real estate projects in Singapore and it estimates rental income will reach HK$200 million in 2009, according to managing director John Lee.
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