Jan 10 These are some of the leading stories in
Hong Kong newspapers on Thursday. Reuters has not verified these
stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Two residential sites, in Sai Kung and Sha Tin, were sold
for a total of more than HK$2.9 billion ($374.09 million),
roughly in line with market expectations. (link.reuters.com/zaj25t)
-- Developer Shui On Land Ltd unveiled a major
restructuring plan to inject its commercial portfolio, valued up
to 68 billion yuan ($10.92 billion), into its listing candidate
China Xintiandi, in an attempt to boost investors' confidence.
Xintiandi, a wholly owned subsidiary, will start operations on
March 1. (link.reuters.com/bej25t)
HONG KONG ECONOMIC TIMES
-- Chinese developer Glorious Property Holdings Ltd
said contract sales for 2012 totalled 10.9 billion
yuan, about 84 percent of the full-year sales target.
SING TAO DAILY
-- Property developer Sino Land Co Ltd has
successfully bid for a residential site in Sai Kung, with a
gross floor area of 249,133 sq ft, for HK$1.46 billion, in line
with market estimates.
-- Department-store operator Lifestyle International
Holdings Ltd aims a separate listing of its property
investment and development businesses in the second quarter of
this year, raising not more than $100 million, sources said.
TA KUNG PAO
-- Peak Reinsurance, which has initial capital of $550
million and is funded by Fosun International Ltd and
the International Finance Corp, plans to focus on the
Asia-Pacific market, specializing in property and casualty
For Chinese newspapers, see...............
($1 = 7.7520 Hong Kong dollars)
($1 = 6.2262 Chinese yuan)
(Reporting by Twinnie Siu in Hong Kong; Editing by Anand Basu)