PRESS DIGEST - Hong Kong - Nov 5

Reuters

HONG KONG, Nov 5 (Reuters) - These are some of the leadingstories in Hong Kong newspapers on Tuesday. Reuters has notverified these stories and does not vouch for their accuracy.

SOUTH CHINA MORNING POST

-- Google chairman Eric Schmidt, who is visitingHong Kong, urged Beijing to allow its people to think and speakfreely if the world's number 2 economy wants to grow further,and Schmidt spoke of his concern at the mainland's recent "500reposts" rule designed to tighten the government's control ofthe Internet. ()

-- Hong Kong Exchanges and Clearing plans to addyuan futures and two index mini-futures to the night sessionearly next year and extend trading to midnight to match tradingtime in the United States. ()

-- Shanghai-based Juneyao Airlines has applied forpermission to set up a low-cost carrier in Guangzhou, tappingthe low-cost market in the Pearl River Delta. This is also themarket targeted by Jetstar Hong Kong. ()

THE STANDARD

-- The retail tranche of mainland webgame developer BoyaaInteractive International's initial public offering has been 280times oversubscribed. ()

-- Mainland media magnate Li Ruigang outlined plans tosplash out 15 billion yuan ($2.46 billion) on a project incentral Shanghai that will combine developments similar to HongKong's West Kowloon Cultural District and Lan Kwai Fong. Theproject will be completed by 2017. ()

-- Three in five people are ready to surf the internet formedical information instead of going to doctors because theytrust online information, a survey conducted by the Universityof Hong Kong has found. ()

HONG KONG ECONOMIC JOURNAL

-- Exhibition service group Mega Expo saw itsretail tranche of the initial public offering 300 timesoversubscribed, and is set to price its shares at the top end ofthe indicative range at HK$1.33 each.

-- Silver Base Group Holdings Limited has enteredinto a capital increase and share transfer agreement withZhongjiu Shidai Winery (Beijing) Co Ltd, which involves inonline sale of winery products in China. Silver Base will own 20percent of Zhongjiu on completion of the deal.

HONG KONG ECONOMIC TIMES

-- Xian Communication Gas Corporation Ltd is seen to buy 150million shares, or 75 percent stake, of chemicals manufacturerJuda International from the Hong Kong-listed company'schairman Choi Lim Chi for HK$700 million ($90.30 million),according to market sources.

MING PAO DAILY NEWS

-- Jeweller Luk Fook Holdings is set to buysmaller rival 3D-Gold from Hong Kong Resources Holdings, according to market sources, expanding its network inthe mainland to more than 1,400 stores from existing 1,068 andnarrowing the gap with the biggest competitor Chow Tai Fook, which operates a network of 1,743 stores.

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