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Mongolian Mining earns $650mln in HK IPO
Sources say company's shares priced at HK$7.02 each and valued at 12.6 times estimated 2011 earnings.
Mongolian Mining earns $650mln in HK IPO
Sources say company's shares priced at HK$7.02 each and valued at 12.6 times estimated 2011 earnings.
Exchange Fund total assets surges by $43bln
Foreign currency assets grew $24.2bln behind gains on foreign currency investments.
OOCL hikes rate on North East Asia-Australia services
Freight rates increase to US$ 250 per TEU to ensure maintained quality service.
Goldman divests 2.75bln ICBC shares for HK$15.9bln
Sale to boost Goldman’s returns from 37% of its initial investment to about $4bln.
Swire Properties invests $800,000 in electric vehicles
Group buys 2 Nissan LEAF vehicles as it steps up drive to reduce carbon footprint.
Insurance commissioner helps restore faith in sector
Industry seen to rebound by responding well to government's measures in regaining consumer confidence.
UC Rusal intends to acquire NORINCO sales subsidiary's stake
Company teamed up with NORINCO for increasing volume of high-tech aluminium production sales in China.
Yip’s Chemical launches revamped website
Further enhances corporate transparency by enhancing regularly updated content of new website.
AIA's $15bln HK IPO receives in-principle approval
AIG is selling assets to help repay $182.3bln government bailout.
Highways Department signs two $6.65bln bypass works contracts
Contracts awarded to China State Construction Engineering and Leighton Contractors for Central-Wan Chai Bypass project.
Cathay Pacific to purchase six more Boeing 777-300ERs
HK$12.5bln deal to enhance operations on long-haul routes with high-efficiency aircrafts capable of reducing environmental impact.
HSBC to divest Asian wholesale banknotes business
UOB to acquire US$15mln operations that has 120 full-time employees located in major Northeast Asia cities.
Hong Kong's air pollution reaches record high
70% of Hong Kong respondents in an April Gallup survey showed dissatisaction with their air quality.
Minmetals Land and Vanke Beijing to acquire RMB336mln lot
280,000 sq. m. land in Xianghe to be developed modern eco-community to accelerate city’s urbanization.
Lippo Investments Management Hong Kong office opens
LIM’s investment team can screen over 6,000 ETFs listed worldwide using its 60 years experience.
Dragonair launches new service to Shanghai's Hongqiao Airport
16 daily flights between Pudong and Hong Kong further strengthen trade and economic ties between cities.
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
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