PRESS DIGEST-Hong Kong - Nov 12

Reuters

HONG KONG, Nov 12 (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

-- Taobao and Tmall, the two main online retailing platformsof the Alibaba Group , smashed last year's combinedrecord of 19.1 billion yuan in sales for the whole day in thefirst 13 hours of "double eleven" online festival in China onMonday. By 9.20 pm, the total exceeded 30 billion yuan ($4.93billion). ()

-- Investment quota under the QFII scheme will jump to 10percent of the mainland market's capitalisation in five yearsfrom 1.5 percent, says ChinaQFII, a Hong Kong firm that helpsforeigners invest in the mainland. ()

-- YuanShengTai Dairy Farm has started a one-weekbookbuilding campaign for its up to $500 million Hong Kong floatdue to positive sentiment for new shares. The Heilongjiang-basedraw milk producer is issuing 1.22 billion shares in anindicative price range of HK$2.49 to HK$3.18 each. ()

THE STANDARD

-- Chief Executive Leung Chun-ying has promised to help seekland suitable for commercial and industrial projects after thenumber of places listed as vacant for such uses hit a five-yearlow in 2012. ()

-- Property developer Evergrande Real Estate istapping into a bottled mineral water business that will beavailable at its 200 projects - including hotels, cinemas andclubhouses - across China. ()

HONG KONG ECONOMIC JOURNAL

-- Web and mobile phone game developer Boyaa InteractiveInternational soared more than 30 percent in the greymarket, while Huishang Bank was up 1 percent. Theirformal trading will start on Tuesday.

HONG KONG ECONOMIC TIMES

-- China Cinda Asset Management is seen to issue 5.318billion H-shares, raising up to $2 billion in a Hong Kong IPOexpected to be launched later in November, according to theinitial offering document.

MING PAO DAILY NEWS

-- Cheung Kong (Holdings), a property arm oftycoon Li Ka-shing, generated HK$4.46 billion ($575.23million)from flat sales so far this year, achieving about 15percent of its annual sales target of HK$30 billion.

-- Sports shoe maker Yue Yuen Industrial postedconsolidated revenue of $658 million in October, up 12 percentfrom the same period last year.

SING TAO DAILY

-- China pharmaceutical distributor Sinopharm Group is in talks to buy hospitals as it aims to expand itsscope of business and is hoping to strike a deal before the endof the year, according to Chairman Wei Yulin.

For Chinese newspapers, see...............

Rates

View Comments (0)