HONG KONG Nov 14 These are some of the leading
stories in Hong Kong newspapers on Wednesday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- China National Petroleum Corp (CNPC) chairman Jiang
Jiemin has been questioned by the Communist Party's top
discipline watchdog in relation to the Ferrari crash in Beijing
earlier this year that claimed the life of the only son of Ling
Jihua, party general secretary Hu Jintao's former top aide,
sources said. (link.reuters.com/sug93t)
-- British barrister David Perry, who is leading the
prosecution of self-styled fung shui master Tony Chan, will be
the lead prosecutor in the bribery trial involving the
billionaire Kwok brothers and former chief secretary Rafael
-- Global Switch, a company owned by venture capitalist and
property developer Reuben Brothers, plans to invest about HK$2.8
billion ($361.27 million) to build what it claims would be Hong
Kong's largest data centre in Tseung Kwan O. (link.reuters.com/vug93t)
-- Now TV, operated by PCCW Ltd, has regained the
exclusive broadcasting rights of the English Premier League for
three seasons starting with the next one. The fresh contract
cost Now TV less than $200 million, believed to be lower than
what i-Cable Communications Ltd's Cable TV paid for
the right to air the hugely popular competition, sources said.
-- Macau's chief executive, Fernando Chui, gave his third
policy address on Tuesday. Macau permanent residents will
receive, along with 8,000 patacas ($1,000), an additional 6,000
patacas ($750) in their central savings accounts and the
non-permanent ones will receive 4,800 patacas ($600) in cash,
with stamp duty waivers, tax rebates and more. (link.reuters.com/xug93t)
HONG KONG ECONOMIC JOURNAL
-- Shenzhen-listed China International Marine Containers
(Group) Co Ltd (CIMC) will have its
listing hearing at the Hong Kong stock exchange on Nov. 22, for
the plan to convert all 1.43 billion of its CIMC B shares into H
shares, sources said.
SING TAO DAILY
-- Local restaurant chain operator Tsui Wah Holdings, which
opens the retail book on Wednesday for its HK$760 million
initial public offering, plans to open 22 new outlets in
mainland cities in the next three years.
WEN WEI PO
-- Watch dealer Time Watch plans to raise more than $100
million through a Hong Kong initial public offering by the end
of this year, market sources said.
TA KUNG PAO
-- Foxconn International Holdings Ltd spokesperson
denied a rumor that it would move its headquarters to China's
inland city Chengdu and said Shenzhen remains the major
strategic base for the company.
For Chinese newspapers, see...............
($1 = 7.7504 Hong Kong dollars)
($1 = 7.9830 Macau patacas)
(Reporting by Twinnie Siu; Editing by Anupama Dwivedi)