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Month: August 2023

Posted on 24/08/2023

Losses at Hong Kong’s TVB widen to HK$406.7 million in first half of the year, as revenue from e-commerce drops amid post-pandemic slowdown

Losses at Hong Kong’s biggest free-to-air broadcaster widened to HK$406.7 million (US$51.89 million) in the first half of the year, as revenue from its e-commerce business plummeted amid a ...

Posted on 24/08/2023

Property developer K Wah’s profit falls by more than half as Hong Kong’s higher interest rates sour market

Firm's profit attributable to equity holders falls by about 55 per cent, revenue slumps by 42 per cent Dividend of HK$0.07 per share to be paid on October 26 K Wah International Holdings, the ...

Posted on 24/08/2023

Hong Kong Gains, Raimondo Meets With China’s Ambassador To US

Asian equities were mostly higher overnight though Mainland China was lower on lower volumes.

Posted on 24/08/2023

Hong Kong ban on Japanese seafood from 10 areas to come into effect at midnight – but residents can bring back a ‘small amount’ of goods from trips

Those importing seafood products from the 10 prefectures face a HK$100,000 fine and a year's imprisonment. Hong Kong is Japan's second-largest market for fisheries exports, with mainland China being the largest. In 2022, the city imported Japanese seafood ...

Posted on 24/08/2023

Hong Kong details import ban on some Japanese seafood due to Fukushima release

HONG KONG (Reuters) - Hong Kong has set up a special government team to monitor and review an import ban on some Japanese seafood due to the country's imminent release of treated radioactive water from the crippled Fukushima nuclear plant into the sea.

Posted on 23/08/2023

New Century Logistics Proposes Terms For U.S. IPO

New Century Logistics has filed proposed terms for a U.S. IPO to raise $11.25 million. Click here to see why my outlook for NCEW IPO is to sell.

Posted on 23/08/2023

HSBC Buys Back Over 4.47M Shrs for $280M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.4748 million shares in the UK and Hong Kong markets yesterday (10th), involving a total of HK$280 million.Of the... HSBC HOLDINGS ...

Posted on 23/08/2023

Hong Kong’s Paul Chan brushes aside concerns of public funding drain by Lantau Tomorrow, Northern Metropolis megaprojects

Financial Secretary Paul Chan Mo-po on Wednesday described the Lantau Tomorrow Vision and Northern Metropolis schemes as "the golden key" to economic development and boosting the housing supply. "[The ...

Posted on 23/08/2023

Hong Kong court refuses to ban protest song, government now allowed to appeal decision

The government of Hong Kong is now allowed to appeal a court decision that refused to ban “Glory to Hong Kong," a song protestors have sung to promote the city’s separation from China.

Posted on 23/08/2023

China EV maker Zeekr to start investor tour ahead of $1.36b US IPO: Sources

HONG KONG - Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, will meet global investors from August-end to test appetite for a US$1 billion (S$1.36 billion) US initial public ...

Posted on 23/08/2023

Hong Kong’s Paul Chan brushes aside concerns over fiscal viability of Lantau Tomorrow, Northern Metropolis megaprojects

Financial Secretary Paul Chan Mo-po on Wednesday described the Lantau Tomorrow Vision and Northern Metropolis megaprojects as "the golden key" to economic development and boosting Hong Kong's housing ...

Posted on 23/08/2023

A Hong Kong court refused to ban a protest song. Now the government has been allowed to appeal

HONG KONG (AP) — The Hong Kong government was given the green light on Wednesday to appeal a court’s refusal to ban a protest song, after government lawyers cited national security concerns. “Glory to ...

Posted on 23/08/2023

Japan expects big hit from Hong Kong ban on most of its seafood

TOKYO (Reuters) - Japan expects a "significant" impact from seafood import ban by Hong Kong and Macau due to the upcoming release of treated water from the Fukushima nuclear plant, an official from ...

Posted on 23/08/2023

China EV Maker Zeekr to Start Investor Tour Ahead of $1 Billion US IPO -Sources

China EV Maker Zeekr to Start Investor Tour Ahead of $1 Billion US IPO -Sources By Julie Zhu and Scott Murdoch HONG KONG (Reuters) - Zeekr, Chinese automaker Geely's premium electric vehicle (EV) ...

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