... to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said. The delay was triggered by a dispute between the company and ... ( read original story ...)
China’s Xiaomi pulls mainland CDR offering until after HK IPO
Xiaomi Corp [IPO-XMGP.HK][XTC.UL], expected to raise around $10 billion in Hong Kong and mainland offerings, said it would apply to China’s securities regulator to postpone a review of its China depositary receipts (CDR) offering application. The maker ... ( read original story ...)
Xiaomi pulls mainland CDR offering until after Hong Kong IPO
Shanghai/Hong Kong: Chinese smartphone marker Xiaomi will postpone its application for a mainland share offering until after it completes a separate listing in Hong Kong, the firm said on Tuesday, casting a pall on Beijing’s drive to lure tech giants ... ( read original story ...)
Hong Kong government welcomes proposal to convert unused Disneyland plot into temporary Dutch floral park
A reserved plot of reclaimed land for the second phase of Hong Kong Disneyland’s expansion could be temporarily converted into a Dutch-designed garden for visitors, the company behind the project said on Monday. The proposed short-term use of the 60 ... ( read original story ...)
Hong Kong Monetary Authority offers to help film industry by providing samples of fake money to use in productions
Hong Kong’s de facto central bank has offered to provide samples of fake banknotes that can be used as props to help production crews navigate red tape when applying to use counterfeit cash in films. The move was disclosed by Monetary Authority deputy ... ( read original story ...)
Cathay Pacific among Hong Kong airlines warning of possible travel delays after deadly earthquake strikes Osaka
Three Hong Kong airlines have warned the city’s residents of potential delays travelling to Osaka after a deadly earthquake struck Japan on Monday during the height of rush hour. A nine-year-old girl was among three people killed in the powerful quake ... ( read original story ...)
21-year high – Hong Kong property sales expected to touch US$51 billion in first six months this year
Property sales in Hong Kong are expected to touch HK$400 billion (US$50.96 billion) – a 21-year high – in the first half this year, as one after another homes, office towers and parking spaces set records in the world’s most expensive real estate ... ( read original story ...)
More land supply means more unsold flats, Hong Kong developers’ group says while denying homes are being hoarded
Hong Kong’s property developers have denied hoarding flats, saying that the reason there are more unsold newly built homes in the city, which is suffering an acute housing shortage, is because of an earlier increase of land supply. According to the ... ( read original story ...)
Hong Kong tour groups safe after deadly Osaka earthquake that struck during morning rush hour, killing one child
Hong Kong travel agents reported that all their customers in Osaka were safe after a deadly earthquake struck Japan’s second city on Monday during the height of rush hour. A nine-year-old girl was killed when a wall collapsed at her school, an 80-year ... ( read original story ...)
Hong Kong celebrates Dragon Boat festival with rowing rituals, family and fancy dress
Revellers and rowers gathered at waterways across Hong Kong on Monday morning to soak in the fun and festivities of the Dragon Boat festival. Amid mild and slightly breezy weather, boat races took place at locations including Stanley, Aberdeen and Sai Kung ... ( read original story ...)
The online platform helping Hong Kong’s helpers to give back to the community
Social Career’s chief executive officer Matthew Tam Chun-kit said the non-profit organisation, funded by The Hong Kong Jockey Club Charities Trust, had worked with more than 400 NGOs and over 20,000 signed-up volunteers since its launch little more than ... ( read original story ...)
Hong Kong medical centres under fire after selling HPV cervical cancer vaccine Gardasil 9 when they couldn’t get it
Hong Kong medical centres are facing accusations of irresponsible trade practices after they sold doses of the latest cervical cancer vaccine with no guarantee they could deliver the full three-shot course. The miscalculations have left thousands of women ... ( read original story ...)
High pressure, long hours and low pay: Why young journalists in Hong Kong are ditching the media industry
The tour bus was packed with “demonstrators” donning t-shirts that said they belonged to a Hong Kong youth group. Chan was paid HK$250 for protesting. The news caused uproar among the public and was cited by other local media outlets, with Chan ... ( read original story ...)
Hong Kong’s fish are eating plastic – and people could be too
Many fishes in Hong Kong have ingested tiny particles of plastic which could end up being eaten by humans, according to research by universities and Greenpeace. Researchers say they found 80 pieces of plastic in one fish. ( read original story ...)