HONG KONG, Sept 29 (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. SOUTH CHINA MORNING POST
-- China Petroleum & Chemical Corp (Sinopec) said it would spend billions of yuan to expand and build new facilities, including a 53 billion yuan ($7.8 billion) joint venture with Kuwait Petroleum Corp to develop an integrated refinery in Guangdong.
-- Canadian International School principal Alan Dick, 55, came down with the H1N1 flu and died on Sunday. Doctors diagnosed Dick with severe pneumonia and he tested positive for the virus.
-- China National Building Materials Group (3323.HK) is interested in buying a 51 percent stake in the parent company of Chinese cement producer Anhui Conch (0914.HK), market sources said. The other possible buyer could be China National Materials Co Ltd (1893.HK), they said.
-- Five Chinese property companies will have their Hong Kong IPO hearings on Tuesday to raise a total of HK$30 billion ($3.9 billion), market sources said. But Peak Sport Products (1968.HK) is expected to open lower in its trading debut after its stock fell below its IPO price in the grey market.
-- MTR Corp Ltd (0066.HK) and Beijing’s No. 4 subway line started operations on Tuesday. MTR will operate the line for 30 years and the venture is expected to be profitable in 3 years, the joint company said.
-- HSBC (0005.HK) has appointed Mark McCombe, its global chief executive of global asset management, as Hong Kong chief executive, effective February next year, an internal circular said.
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