Issue: September 10, 2010 (Archive)

Friday, September 10, 2010

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Year-high CPI brings fresh fears
Mainland inflation hit 3.7 percent in August - the highest so far this year - and is expected to remain high in the next one or two months, economists estimate.

Juice group seeks waiver on loan
China Huiyuan Juice Group (1886) has breached covenants on a US$250 million (HK$1.95 billion) three-year loan completed in April, and is seeking a waiver from lender banks.

Sunlight stockpile pales
Annual income at Sunlight Real Estate Investment Trust (0435) fell 30.9 percent to HK$186.5 million because of an increase in distribution to major unit holders.

Small caps offer big gains for the brave
US President Barack Obama's proposed stimulus package is estimated to cost up to US$350 billion (HK$2.73 trillion).

HK firm partners in new airline
All Nippon Airways will team up with Hong Kong-based First Eastern Investment Group (0144) to launch a discount carrier next year.

Haier to make more inroads in logistics
Haier Electronics Group (1169) plans to invest up to 400 million yuan (HK$458.16 million) next year to expand the logistics business it bought last month from its parent.

Chen camp boosts claims for GOME
The battle for control of GOME Electrical Appliances Holdings (0493) has taken another twist, with chairman Chen Xiao reportedly securing the support of institutional investors holding more than 40 percent of the electronics retailer.

Three aim at $2.5b revival
Three more firms have launched initial public offerings, seeking a total of HK$2.5 billion amid a revival in the IPO market.

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