PRESS DIGEST -Hong Kong - Oct 29

Reuters

Oct 29 (Reuters) - These are some of the leading stories inHong Kong newspapers on Tuesday. Reuters has not verified thesestories and does not vouch for their accuracy.

SOUTH CHINA MORNING POST

-- Two alleged blackmail attempts and an explosion scene atgovernment headquarters that almost clashed with mass protestsover awarding of TV licences helped make it an eventful 10-daystint in Hong Kong for Hollywood director Michael Bay, whofinished filming the Hong Kong sequences for the latestTransformers movie. He said he plans to return for at least onemore film. ()

-- The public should be consulted before any change tolisting rules at the stock exchange, said Financial SecretaryJohn Tsang. The comment came after e-commerce giant Alibaba saidlast week it was delaying plans for an initial public offeringto allow the controversy over its preferred share structure todie down. ()

-- Pacific Century Premium Developments, aproperty investment company controlled by Richard Li, dismissedspeculation that Li would merge his recently acquired insurancebusiness with the company. ()

THE STANDARD

-- CLP Holdings, one of Hong Kong's two powerproviders, said total unit sales fell 1.3 percent on year forthe first three quarters as the spring was less humid and thesummer cooler than in 2012. ()

-- Tonic Industries Holdings, the locally listedarm of China Merchants Property Development, is placing sharesat a discount of as much as 22.3 percent to raise HK$2.16billion ($278.59 million). ()

-- The Liberal Party has joined 27 pan-democrat lawmakers insigning a petition urging the government to reconsider itsdecision to deny a free-to-air licence for Hong Kong TelevisionNetwork. ()

HONG KONG ECONOMIC JOURNAL

-- Pacific Century Premium Developments Limited said it had been approached by third parties in relation topurchasing its interest in Pacific Century Place in Beijing butno decision had yet been made.

-- Chinese sports wear retailer 361 Degrees InternationalLtd said it trimmed its sales network by 257 stores to7,569 as of end-September.

HONG KONG ECONOMIC TIMES

-- Barclays estimates Hong Kong residential property pricesto come down at least 30 percent before the end of 2015, whileDeutsche Bank is the most bearish seeing prices to plunge 50percent from the peak and down 15-20 percent in the next 12months.

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