Azeus Systems Holdings, the Hong Kong-based provider of IT consultancy services, says it has won a five-year contract worth HK$69.97 million ($11.5 million) from the Hong Kong government to provide maintenance services for 53 application systems in a major department.
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Tibetan religious leader Karmapa Ogyen Trinley Dorje has been questioned by the Himachal Pradesh police and other central government agencies over the recovery of currency worth nearly Rs.7 crore from the monastery. Chief Minister Prem Kumar Dhumal said Saturday he will take up the issue with the prime minister. The Karmapa, police sources said, was [...]
Cheh, formerly CEO of AllianceBernstein Hong Kong, will take up his new position at Janus effective March 29. He will be based in Hong Kong.
The company, based in Jingjiang in eastern Jiangsu province, aims to list in Hong Kong in the first half of this year, said the people, who declined to be identified because the information is confidential.
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.1% to 3,181.15.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11% to HK$105.7 million ($17.4 million) from a year ago. The stock was unchanged at HK$4.05.
The sale is delayed because trading in the so-called Dim Sum market is volatile and recent offerings by Chinese property companies pushed yields “quite high,” Katie Tsui, an investor relations manager at the company, said in a telephone interview from Hong Kong.
All of Chi-East’s initial participants — Instinet, Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N), Nomura and UBS (UBSN.VX)— have successfully matched trades on the platform, the firm said in a statement.
Hutchison Whampoa Ltd.’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial center.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Hutchison Whampoa’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s efforts to compete as a financial centre.
Hutchison, controlled by Hong Kong billionaire Li Ka-shing, said yesterday it will sell a stake in a trust holding container ports in Hong Kong, Macau and Guangdong province, along with associated businesses and some Chinese river ports. The sale may raise US$6 billion ($7.7 billion), the IFR news service reported yesterday.
Li Ka-Shing’s Hutchison Whampoa, the world’s biggest container-terminal operator, will sell deep-water port holdings in Hong Kong and southern China, hubs of record global trade, in what may be Singapore’s largest-ever initial public offering.
The company will retain a stake of about 25% in the trust that will own terminals in Hong Kong and neighboring Guangdong province, port operations along the Pearl River and shipping-support businesses, it said in a statement today.
A benchmark index of Indian equities markets Tuesday rose in noon trade, helped by strong earnings reported by corporates. Gainers in front-line stocks were led by IT and telecom firms. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,983.2 points, was ruling at 19,008.28 points — up 126.03 points [...]
“Investors are constantly seeking trading opportunities, and continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments,” Chief Executive Officer Magnus Bocker said in a statement today. “This will make Singapore one of the most accessible markets in Asia and in the world.” Eliminating the break could boost trading volumes by between 8 percent and 10 percent, Bocker said in July.
The company will retain a stake of about 25% in the trust that will hold deepwater container port operations in Hong Kong and Guangdong province, along with associated businesses and some Chinese river ports, it said in a statement today.
Hutchison Whampoa, controlled by billionaire Li Ka-Shing, plans to list Hong Kong and Southern Chinese ports in a Singapore trust to raise funds for expansion plans.
The company will retain a stake of about 25% in Hutchison Port Holdings Trust, which will hold the group’s deepwater container port operations in Hong Kong and Guangdong province, along with associated businesses and some Chinese river ports, Hutchison said in a Hong Kong stock exchange statement today. It didn’t say how much the listing may raise.
A benchmark index of Indian equities market Monday was ruling dull, amid sombre cues coming from other major Asian markets. Broader markets saw profit booking. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,911.43 points, was ruling at 18,874.17 points — up 13.73 points or 0.07 percent from its [...]
