The highest and winning bid was a record S$1.002 billion, lodged by a consortium of two Chinese developers, Logan Property and the Nanshan Group. The winning bid by Logan, which is listed in Hong Kong, was higher than the second bid made by Hong Kong’s ... ( read original story ...)
Shine light on high management fees
Hong Kong’s skyrocketing property prices are getting a lot of people hot under the collar. No less frustrating are the management fees, payable by either the landlord or the tenant. The amounts charged by some new housing projects can be so high that ... ( read original story ...)
Agile Group Plans to Issue U.S. Dollar-Denominated Bonds
Property developer Agile Group Holdings Ltd. (AGPYF) said Monday it plans to issue U.S. dollar-denominated bonds and will use the net proceeds to refinance part of the 2014 U.S. dollar-denominated notes. The Hong Kong-listed developer said completion of ... ( read original story ...)
Nazri: Property tourism can attract foreign investments
Nazri said property in Malaysia continued to be an attractive investment opportunity for foreign investors, on par with locations in Hong Kong, Taiwan, Singapore and China. He added that property tourism accounted for a major portion of income for the ... ( read original story ...)
Cheung Kong Property Rallies After Solid 1H Profit
Shares in Cheung Kong Property (1113.HK) were up as much as 4.3% in Hong Kong trading Friday morning in a mixed day for companies controlled by local tycoon Li Ka-shing. CK Property, whose interests include property, utilities and aircraft leasing ... ( read original story ...)
Signals are good for China Tower IPO
China Tower, which owns and manages the towers used by the country’s big three telecoms operators, is preparing for an initial public offering in Hong Kong. The company has hired China International Capital and Goldman Sachs to lead the IPO, which could ... ( read original story ...)
Chinese bank IPOs in Hong Kong underperform broad index
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)
China bank IPOs lose allure
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng Index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)
As short sellers target Chinese companies in Hong Kong, hostility mounts
In June, Christopher Cheung, who represents financial services and business interests in Hong Kong’s legislative chamber, called on Hong Kong's Securities and Futures Commission to more tightly scrutinize short sellers, saying they had caused “serious ... ( read original story ...)
HSBC repurchases boost buyback value on Hong Kong exchange
The insider activity fell for the second straight week based on filings on the Hong Kong stock exchange from July 31 to August 4, with 15 companies that recorded 75 purchases worth HK$74 million versus three firms with 19 disposals worth HK$6 million. ( read original story ...)
Hong Kong beer run cancels beer, race still goes
A bunch of prospective runners are presumably pretty disappointed this week after organizers of the upcoming Hong Kong Beer Run announced that it would no longer be giving participants beer. Now the beer run is just a regular race. According to the South ... ( read original story ...)
Hong Kong banks hoard capital as they await new Basel rules
Banks in Hong Kong, and indeed the world, are still waiting for new global rules to be finalised, and as a result, hoarding cash rather than returning it to investors, or making use of it in more profitable ways. Last week, Standard Chartered’s board ... ( read original story ...)
Good news in jobs market sends Wall Street stocks higher
The Hang Seng in Hong Kong edged up 0.1%. The UK needs to be better prepared for a "no deal" Brexit to show Brussels there is a "credible" alternative should the negotiations fail, a former Bank of England governor has said. Blue-chip stocks pushed the ... ( read original story ...)
Hong Kong exchange operator HKEX expects 11pc rise in interim profit on higher market turnover
Hong Kong Exchanges and Clearing ... a wealth management strategist at Sun Hung Kai Financial. “The volume of derivative products trading also reach a record high level in the first half of this year which also brought in higher fee income,” Wen ... ( read original story ...)