Nov 13 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
-- A luxury residential flat at Opus Hong Kong, the new
Frank Gehry-designed building in Mid-Levels East, goes for
HK$455 million ($58.71 million), or HK$68,083 per square foot,
setting a new record for an apartment in Hong Kong and Asia in
terms of price per square foot. (link.reuters.com/fyb93t)
-- Novozymes, the world's largest industrial
enzyme maker, is in discussions to supply enzymes to projects on
the mainland which use agricultural waste to produce ethanol, a
clean-burning fuel that can be a substitute for petrol. (link.reuters.com/gyb93t)
-- BlackRock is looking to increase its weighting in
healthcare firms in the United States and Europe that have
exposure to the Asian market, as a safer way to invest in the
Asian growth story, said Dan Chamby, managing director at the
world's biggest asset manager. (link.reuters.com/hyb93t)
-- China Rongsheng Heavy Industries Group Holdings
said an investment firm, Well Advantage, owned by its chairman
Zhang Zhirong, has reached a settlement with the U.S. Securities
and Exchange Commission over an alleged insider trading deal.
The firm has agreed to pay $14.25 million, which is double the
amount said to have been made from the inside deal. (link.reuters.com/jyb93t)
HONG KONG ECONOMIC JOURNAL
-- Telecoms and media company PCCW Ltd clarified
that it is not in talks with regard to a potential investment in
a Hong Kong-based online entertainment platform Goyeah.com.
HONG KONG ECONOMIC TIMES
-- At least six companies are poised to kick off initial
public offerings to raise a total of more than HK$35 billion in
Hong Kong this month. It include mainland property firms CIFI
Holdings (Group) Co Ltd, local restaurant chain operator Tsui
Wah, and bedding retailer Casablanca Group Ltd.
-- Next Media Ltd, controlled by Hong Kong media
mogul Jimmy Lai, said it expects to record a substantial loss
for the six months ended Sept. 30, due to write-offs at its
multimedia division in Taiwan.
MING PAO DAILY NEWS
-- HNA Group, China's fourth-largest aviation group, has
acquired a financial company in Hong Kong for developing
financial business, sources said.
For Chinese newspapers, see...............
($1 = 7.7505 Hong Kong dollars)
(Reporting by Twinnie Siu in Hong Kong; Editing by Anand Basu)