HONG KONG, June 25 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
-- Hong Kong Express Airways, which is controlled by the HNA
Group, would transform into a low-cost carrier by September,
said Jeff Sun Jianfeng, the chief operating officer of sister
company Hong Kong Airlines. (link.reuters.com/buh29t)
-- Fixed-line network operator Hutchison Global
Communications (HGC), a division of Hutchison Telecommunications
Hong Kong, is expanding its high-capacity
infrastructure with a capital expenditure budget of HK$700
million ($90.22 million) and plans to launch a range of new
services from the second half of this year. (link.reuters.com/cuh29t)
-- French insurer AXA is looking to expand its footprint on
the mainland through acquisitions and joint ventures as it sees
huge prospects in the Chinese market in the coming decades, said
Mike Bishop, the chief executive of AXA in Asia. (link.reuters.com/duh29t)
MING PAO DAILY NEWS
-- Former Secretary for Development Mak Chai-kwong and
Assistant Director of the Highways Department Tsang King-man
were convicted of defrauding the government for more than
HK$700,000 of housing allowances.
-- MTR Corp Ltd, the operator of Hong Kong's mass
transit system, is looking to expand in Europe and is
considering a bid to run part of Berlin's S-Bahn overground
urban rail network, said Jay Walder, chief executive of MTR.
For Chinese newspapers, see...............
($1 = 7.7584 Hong Kong dollars)
(Reporting by Twinnie Siu; Editing by Supriya Kurane)