Press Digest: Hong Kong - Oct 8

GT Gold Holdings

08/10/2015 03:43

HONG KONG, Oct 8 (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  
    - Cheung Kong Property Holdings  1113.HK  acquired more land 
in Lohas Park in Hong Kong's Tseung Kwan O for the first time in 
eight years after it won the last waterfront site at the 
development. Cheung Kong Property said the total investment cost 
of Lohas Park phase eight would be HK$10 billion ($1.29 
billion). (http://bit.ly/1N0Ks6Z) 
    - Major housing estates in the New Territories are seeing 
sharp cuts in rents in the wake of increasing supply, amid 
growing economic uncertainty that could add to downward pressure 
on rents, according to realtors, and the trend is beginning to 
spill over into urban areas. (http://bit.ly/1RuDY1W) 
        
    THE STANDARD 
    - The supply of new homes in the New Territories is likely 
to be boosted by 1,000 units put up for sale in October. K Wah 
International  0173.HK  and Sino Land  0083.HK  will start 
selling a joint-venture project, The Spectra, located next to 
the West Rail's Long Ping Station. The 912 flats range from 
studios to four-bedroom units. (http://bit.ly/1N0L7FF) 
    - Scores of Grand T G Gold  8299.HK  shareholders have urged 
investors to vote in favour of a proposal to remove the current 
management team to avoid the company's delisting. Trading in its 
shares has been halted for nearly five years. The firm only has 
one solid asset - a gold mine in Shaanxi.(http://bit.ly/1MfiOjG) 
            
    HONG KONG ECONOMIC JOURNAL  
    - Daily average gaming income in Macau rose to 920 million 
pataca ($115.35 million) during China's Golden Week holiday 
beginning Oct. 1, up 60 percent from the daily average of 570 
million pataca in September, according to a UBS report. 
        
    HONG KONG ECONOMIC TIMES 
    - The number of mainland tourist visiting Hong Kong in the 
first six days of the Golden Week holiday stood at 1 million, up 
3.3 percent from a year ago. However, local tour operators said 
the number of mainland tours visiting the city dropped about 30 
percent to an average of 6-7 tours a day. 
      
    For Chinese newspapers, see............... PRESS/CN    
    ($1 = 7.7495 Hong Kong dollars) 
    ($1 = 7.9760 patacas) 
 
 (Reporting by Donny Kwok; Editing by Sunil Nair) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/