Press Digest: Hong Kong - Nov 5

Great Wall Pan Asia Holdings

05/11/2015 01:58

HONG KONG, Nov 5 (Reuters) - These are some of the leading 
stories in Hong Kong newspapers on Thursday. Reuters has not 
verified these stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    - Commercial Radio has decided not to object to the gag 
order sought by the University of Hong Kong to ban media 
publication of information about its council meetings, two 
sources said. Barrister Ronny Tong said he was "disappointed" at 
the radio station's decision as the injunction would "last 
forever" if no party was joining the case, and it would be "bad 
for press freedom". (http://bit.ly/20ve8AF) 
  
    - The SCMP Group  0583.HK  said it would print the 
International New York Times' publications in Hong Kong and the 
mainland from February next year. The deal is the second 
contract printing agreement the SCMP has entered into in three 
years. (http://bit.ly/1l8s3ML) 
    - China's developers will increase project launches in the 
next two months, cutting prices if necessary, to hit full-year 
sales targets, industry analysts said. Developers are confident 
of fulfilling their full-year sales targets as the new launches 
in the last two months are sufficient, Jefferies property 
analyst Venant Chiang said. (http://bit.ly/1Opvtab) 
     
    THE STANDARD 
    - Hong Kong's much-delayed HK$486 million ($62.7 
million)worth new air traffic control system will be operational 
in the first half of next year, transport chief Anthony Cheung 
told the Legislative Council. The system will be able to handle 
8,000 flight plans daily and may simultaneously monitor 1,500 
air or ground targets five times and 1.5 times those of the 
current system respectively. (http://bit.ly/1Opv9bF) 
    - All nine bids for a residential site in Tsing Yi came in 
below the reserve price on Wednesday, compelling the Lands 
Department to cancel a tender for the first time in 19 months.  
Midland Surveyor Alvin Lam said the recent lull in the housing 
market might have something to do with developers' conservative 
bids. (http://bit.ly/1Q5Y7gM) 
    - The Sincere Co  0244.HK , one of Hong Kong's oldest 
retailers, said the average price of imported goods at its 
stores fell more than 5 percent from a year back as the local 
retail sector turned sluggish. The company has increased the 
proportion of mass-market products while lowered the high-end 
ones to boost sales, said Chief Executive Philip Ma King-huen. 
(http://bit.ly/1GMoPs7) 
         
    HONG KONG ECONOMIC JOURNAL  
    - Movies and TV dramas producer and distributor Alibaba 
Pictures Group Ltd  1060.HK  said it would buy the online movie 
ticketing business and a movie financing platform Yulebao from 
parent Alibaba Group Holding Ltd  BABA.N  for about $520 million 
in a deal to be settled by internal resources. 
     
    HONG KONG ECONOMIC TIMES 
    - Asia's online fashion retailer ZALORA Group said it would 
team with Chow Tai Fook Jewellery  1929.HK , Microsoft Hong Kong 
Online Store, HKT The Club and other local ecommerce players to 
jointly launch an online shopping event "12.12 Online Fever" on 
Dec. 12, converting traditional consumers into e-consumers. 
   
    For Chinese newspapers, see............... PRESS/CN    
 ($1 = 7.7501 Hong Kong dollars) 
 
 (compiled by Donny Kwok; Editing by Gopakumar Warrier) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/