November 13, 2012 / 2:00 AM / 5 years ago

PRESS DIGEST - Hong Kong - Nov 13

Nov 13 (Reuters) - 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.


-- A luxury residential flat at Opus Hong Kong, the new Frank Gehry-designed building in Mid-Levels East, goes for HK$455 million ($58.71 million), or HK$68,083 per square foot, setting a new record for an apartment in Hong Kong and Asia in terms of price per square foot. (

-- Novozymes, the world's largest industrial enzyme maker, is in discussions to supply enzymes to projects on the mainland which use agricultural waste to produce ethanol, a clean-burning fuel that can be a substitute for petrol. (

-- BlackRock is looking to increase its weighting in healthcare firms in the United States and Europe that have exposure to the Asian market, as a safer way to invest in the Asian growth story, said Dan Chamby, managing director at the world's biggest asset manager. (


-- China Rongsheng Heavy Industries Group Holdings said an investment firm, Well Advantage, owned by its chairman Zhang Zhirong, has reached a settlement with the U.S. Securities and Exchange Commission over an alleged insider trading deal. The firm has agreed to pay $14.25 million, which is double the amount said to have been made from the inside deal. (


-- Telecoms and media company PCCW Ltd clarified that it is not in talks with regard to a potential investment in a Hong Kong-based online entertainment platform


-- At least six companies are poised to kick off initial public offerings to raise a total of more than HK$35 billion in Hong Kong this month. It include mainland property firms CIFI Holdings (Group) Co Ltd, local restaurant chain operator Tsui Wah, and bedding retailer Casablanca Group Ltd.


-- Next Media Ltd, controlled by Hong Kong media mogul Jimmy Lai, said it expects to record a substantial loss for the six months ended Sept. 30, due to write-offs at its multimedia division in Taiwan.


-- HNA Group, China’s fourth-largest aviation group, has acquired a financial company in Hong Kong for developing financial business, sources said.

For Chinese newspapers, see............... ($1 = 7.7505 Hong Kong dollars) (Reporting by Twinnie Siu in Hong Kong; Editing by Anand Basu)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below