HONG KONG Jan 25 Hong Kong shares look set to
start firmer on Friday, tracking positive sentiment from
encouraging U.S. data released on Thursday and after solid China
On Thursday, the Hang Seng Index closed down 0.2
percent at 23,598.9, slipping further from resistance at about
23,708, the high of May 31, 2011.
Elsewhere in Asia, Japan's Nikkei was up 2.1
percent, while South Korea's KOSPI was down 0.3 percent
at 0037 GMT.
FACTORS TO WATCH:
* Struggling Chinese sportswear brand Li Ning Co Ltd
said on Friday it planned to issue convertible
securitites worth up to HK$1.87 billion ($241 million), seeking
capital for its restructuring plan. Its investors Singapore
sovereign fund GIC, U.S. private equity fund TPG
Capital and Viva China Holdings Ltd had given
their "irrevocable undertakings" to the company.
* A senior Lenovo executive said on Thursday that
the Chinese computer maker may consider Research in Motion
as a takeover target, sending the Blackberry
maker's shares up 2 percent just a week before it launches a
make-or-break line of redesigned smartphones.
* HSBC , Europe's biggest bank, has hired
former Nomura deal-maker William Barter as the head of
UK for global banking, it said on Thursday.
* U.S.-Israeli media magnate Haim Saban will buy about 2
percent of Partner Communications from Bank Leumi
in addition to a controlling stake from Partner's
parent. Saban is also taking on a $300 million loan that Scailex
owes to Hong Kong conglomerate Hutchison Whampoa, from
which Scailex acquired Partner in 2009.
* Beijing Jingkelong Co Ltd said it expected a
significant fall in its net profit for the year ended December
2012 compared to a year earlier because of a downturn in China's
economy, intense competition and an increase in costs and
* Sinopec Shanghai Petrochemical Co Ltd said it
expected to record about a 1.6 billion yuan loss for 2012,
compared to a 944.4 million profit in 2011. It said the loss was
due to a volatile international environment, a slowdown in
domestic economic growth, and sluggish demand for
* Container terminal operator COSCO Pacific Ltd
said it would buy 39.04 percent equity interests in Taicang
International Container Terminal Co Ltd from parent COSCO for