HONG KONG Dec 17 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
-- Competition for tickets to the Hong Kong Sevens could be
as fierce as the rugby on the pitch after it was announced that
only 3,000 tickets, out of the Hong Kong Stadium's capacity of
40,000, for next year's event will be available via public
ballot. Fans said the number of corporate tickets should be cut.
-- SuneVision, the technology arm of Sun Hung Kai
Properties, is going ahead with its HK$4 billion
high-tier data centre in Hong Kong's Tseung Kwan O despite
Google's decision to drop its plan in the area. ()
-- A new Taiwan-based budget carrier floated by China
Airlines and Tiger Airways is unlikely to
squeeze Hong Kong airlines much as local companies' target
customers remain premium and business travellers. ()
-- Nearly three out of five people in Hong Kong would buy
flats next year if secondary home prices fell around 20 percent
and developers offered more discounts, a survey by property
agent Midland Realty shows. ()
-- Seven out of 10 Hong Kong retirees expect to leave an
inheritance to their children, with an average amount of
$145,943, a survey by HSBC has found. ()
-- Cheung Kong Infrastructure said its HK$1.3
billion cement factory in Guangdong is now in full operation and
it will invest a further HK$600 million in the venture. The
cement plant in Yunfu city has a clinker capacity of 4,500
tonnes per day. ()
HONG KONG ECONOMIC JOURNAL
-- Lippo China Resources Ltd said a third party
has expressed interest in direct or indirect investment in the
company but no agreement has been reached yet.
-- Great Wall Technology Co Ltd said its parent
company offered to take the firm private at HK$3.2 per share,
representing a 42.9 percent premium over the previous close.
MING PAO DAILY NEWS
-- Nord Anglia, an international education institution
backed by private equity fund Baring Asia, is seen preparing for
listing in Hong Kong. The institution, which operates five
schools in China's top tier cities in Beijing and Shanghai, has
received approval to open a school in Hong Kong next September.
For Chinese newspapers, see...............