Press Digest: Hong Kong - Sept 8

China Huarong Energy Co

08/09/2014 02:27

Sept 8 (Reuters) - These are some of the leading stories in 
Hong Kong newspapers on Monday. Reuters has not verified these 
stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    * Zhang Yaqin, the man who helped build Microsoft's  MSFT.O  
biggest technology research operation outside of the United 
States, is leaving the software giant to join Chinese online 
search powerhouse Baidu  BIDU.O . Sources close to Baidu said 
Zhang would report directly to Robin Li Yanhong, the co-founder 
of Baidu. (http://bit.ly/1w5CkMd) 
    * The gutter oil scare deepened in Hong Kong and Macau after 
it emerged that another importer in the city and 21 businesses 
in the former Portuguese enclave had purchased oil from the 
Taiwanese supplier at the centre of the scandal. The Hong Kong 
importers include Dah Chong Hong Holdings Ltd  1828.HK . (http://bit.ly/1wdzF0i) 
    * Sun Hung Kai Properties Ltd  0016.HK  is likely to become 
Hong Kong's biggest supplier of small flats once its application 
to convert four luxury residential projects in the northeast New 
Territories into 4,000 tiny apartments wins approval, according 
to industry observers. (http://bit.ly/1ogDgVY) 
         
    THE STANDARD 
    * China Auto Rental opens the retail book for its HK$3.62 
billion ($467 million) initial public offering in Hong Kong, 
with 426 million new shares in a range of HK$7.50-HK$8.50 each. 
Shares of the country's largest auto rental firm, which aims to 
double the size of its fleet, start to trade on September 19. (http://bit.ly/1uFpdgU) 
    * A much-hyped idea to link bourses in Hong Kong and 
Shenzhen is not in the pipeline, China's securities watchdog 
said, saying one of its current priorities is to hammer out 
taxation issues for the upcoming Shanghai-Hong Kong Stock 
Connect program. (http://bit.ly/1tjjuwd) 
     
    HONG KONG ECONOMIC JOURNAL  
    * Chinese shipbuilder China Rongsheng Heavy Industries Group 
 1101.HK  said an independent third party is considering to 
initiate a potential restructuring involving its unit Jiangsu 
Rongsheng Heavy Industries Co Ltd. The unit contributed a 
respective 89 percent and 91.4 percent of China Rongsheng's 
total revenue for 2013 and for six months ended in June 2014. 
     
    HONG KONG ECONOMIC TIMES  
    * Yuzhou Properties Co Ltd  1628.HK  has earmarked 3 billion 
yuan ($488 million) to replenish landbank in China in the second 
half of 2014, according to chairman Lam Lungon. 
     
    For Chinese newspapers, see............... PRESS/CN    
($1 = 7.7503 Hong Kong dollar) 
($1 = 6.1400 Chinese yuan) 
 
 (Compiled by Donny Kwok in Hong Kong; Editing by Anand Basu) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/