HONG KONG May 28 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
-- Beijing Poly International Auction, the largest auction
house on the mainland and the world's third largest, said prices
for art are back to normal, and it expects more collectors to
participate in their auctions this year, said Zhao Xu, executive
director of the auction house. (link.reuters.com/xum48t)
HONG KONG ECONOMIC TIMES
-- Hong Kong's government will announce on Tuesday details
of the third batch of inflation-linked bonds (iBonds) issue
totalling HK$10 billion.
-- China Gas Holdings Ltd said it expected net
profit to rise significantly for the year ended March 31 from a
year earlier due to better-than-expected operating performance.
-- Luxury car dealer China Harmony Auto Holding, a primary
agent for 10 European and Japanese luxury auto brands including
BMW, Rolls-Royce, Lexus and Ferrari, kicks off its roadshow
today for a HK$2.44 billion ($314.28 million) initial public
offering in Hong Kong. (link.reuters.com/zum48t)
-- New World Department Store China Ltd said it
would buy the 43,000 square metre Hongxin Trendy Plaza in
Shanghai for 710 million yuan ($115.99 million) to further
expand the group's presence in the city.
For Chinese newspapers, see...............
($1 = 7.7638 Hong Kong dollars)
($1 = 6.1211 Chinese yuan)
(Reporting by Twinnie Siu; Editing by Prateek Chatterjee)