PRESS DIGEST - Hong Kong - Sept 11
HONG KONG, Sept 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
-- The Liberal Party is finished after its huge setback in Sunday's Legislative Council election, as the party faces a succession crisis and a shortage of funding, founding chairman Allen Lee said.
-- K. Wah International (0173.HK) is putting land acquisitions in Hong Kong and China on hold due to the shaky economic outlook, according to chairman Lui Che-woo. -- China's largest women's shoes retailer, Belle International (1880.HK), said it would scale back expansion in the loss-making second-tier sportswear brand business after posting a 1.43 percent decline in first half profit.
-- China's largest container maker China International Marine Containers (000039.SZ) said it planned to inject up to HK$8.5 billion worth of tank equipment business into its Hong Kong listed unit Enric Energy (3899.HK).
THE STANDARD
-- Hopewell (0054.HK) posted a 127 percent rise in net profit to HK$6 billion for the year ended in June, thanks to an asset disposal gain of HK$4.79 billion.
HONG KONG ECONOMIC JOURNAL
-- Agile Property (3383.HK), which posted a 40 percent drop in core earnings, has cut its home sale target to 11 billion yuan for 2008 from 15 billion yuan, and will slow project developments for the next three years amid falling demand and softening prices in China, according to chairman Chen Zhuolin.
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