Hong Kong
New World Development plans to raise up to $1.6b via rights issue
New World Development plans to raise up to $1.6b via rights issue
The rights issue will involve up to 2.17 billion rights shares.
Evicted sub-divided flats tenants to get $4.5m subsidy
900 eligible households are said to benefit from the subsidy in the coming year.
CapitaMalls Asia gets formal go-ahead from HKEx
Trading of the shares will begin at 9:30am on 18 October 2011.
SFC wants further regulation on HKEx listing rules
Hong Kong government is open to measures ensuring consistency and high standards in vetting listing applications from overseas companies.
Hong Kong September exchange fund falls by $45bn
Of the $2.13tn Exchange Fund's foreign assets, Monetary Base amounted to $1.06tn.
Technovator lists in HKEx Main Board
Company eyes to raise HK$146.4mn to pursue product and technology purchase opportunities and strategic acquisitions and alliances.
Hong Kong joins in on global uprising against Wall Street
Protestors rallied in Hong Kong in support of the Occupy Wall Street demonstrations that began last month in New York.
Citibank Global Consumer Group appoints Christine Lam as deputy country business manager
She will oversee the overall operation and development of Citibank’s retail banking business in Hong Kong.
Studies on paternity leave to be conducted
A study on paternity leave is underway, announces Secretary for Labour & Welfare Matthew Cheung.
Draft of Hoi Ha plan gets approved
The Chief Executive in Council has approved the draft of the plan of Hoi Ha Development Permission Area. The Planning Scheme Area covers an area of about 8.76 hectares. It is encircled by the Sai Kung West Country Park on three sides and fronts onto the Hoi Ha Wan Marine Park. Amid the Sai Kung West Country Park, the Area is part of the wider natural system of the Sai Kung countryside. The general planning intention of the Area is to protect its high landscape value, which complements the overall natural quality and the landscape beauty of the surrounding Sai Kung West Country Park and Hoi Ha Wan Marine Park.
Drafts of Wang Tau Hom and Tung Tau Outline zoning plans get approved
The Chief Executive in Council has approved the draft of Wang Tau Hom and Tung Tau Outline Zoning Plans.
Draft of Pak Lap plan gets approved
The Chief Executive in Council has approved the draft Pak Lap Development Permission Area Plan.
Fifteen land transactions totaling $8.3B registered in Q3
The Lands Department registered 12 lease modifications and three land exchanges in the Land Registry during the quarter ending September 2011.
Sec. Tsang hails new RMB rules
Financial Secretary John Tsang welcomed the promulgation of new rules on renminbi trade between Hong Kong and the Mainland.
Renhe dominates underground shopping malls
It currently has 14 projects under construction and 17 projects in the pipeline.
The Wharf’s Harbour City retail sales surge 36% in 2H11
Retail sales averaged 44% growth during July and August.
Country Garden’s sales volume amount to a whopping RMB34b by 3Q11
The company is confident about reaching its full-year sales target as it has already secured 75% by this quarter.
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