Press Digest: Hong Kong - June 16

Wing On International

16/06/2014 03:06

HONG KONG, June 16 (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  
    -- With Google bowing to a "right to be forgotten" ruling in 
Europe, Hong Kong's privacy chief, Allan Chiang Yam-wang, will 
ask his regional counterparts to join him in pressing the 
internet search giant to extend the same safeguards to the 
region. (http://link.reuters.com/bag22w) 
    -- Chinese home buyers with bitcoins to spare can now use 
the virtual currency to snap up London properties. London-based 
Cai-Capital, formed in October last year, says it is the first 
broker in the British capital to accept bitcoins for payment on 
property purchases. (http://link.reuters.com/fag22w) 
    -- HSBC  0005.HK , the city's largest bank, which has been 
aggressively expanding on the mainland, is carefully examining 
all commodities financing transactions following reports of 
alleged irregularities at Qingdao Port. (http://link.reuters.com/rag22w) 
     
    THE STANDARD 
    -- Basic Law Committee Deputy Director Elsie Leung Oi-sie 
said the upcoming mock referendum on electoral reforms will not 
influence Beijing. Leung warned that the Hong Kong government 
could call on the People's Liberation Army should things get out 
of hand during proposed action by the Occupy Central civil 
disobedience movement. (http://link.reuters.com/mag22w) 
    -- Mayfair by the Sea I from Sino Land  0083.HK  drew 15,000 
hopeful home buyers to its show flats at Olympian City at the 
weekend. Sun Hung Kai Properties  0016.HK  notched up the most 
expensive sale in the New Territories when a 2,895 sq ft house 
with garden fetched HK$161.8 million ($20.87 million). (http://link.reuters.com/pag22w) 
  
    -- Ten firms will open their retail books this week seeking 
an aggregate of about HK$12 billion ($1.55 billion) amid a 
renewed rush of initial public offerings on the local bourse. 
Three of them will kick off bookbuilding on Monday aiming for a 
total HK$3 billion. (http://link.reuters.com/qag22w) 
     
    HONG KONG ECONOMIC JOURNAL  
    -- Franshion Properties (China) Ltd  0817.HK  said it 
planned to seek a separate listing of its hotel business on the 
Hong Kong stock exchange by way of a trust, issuing 600 million 
units to raise up to HK$3.39 billion ($437.33 million). A total 
of 690 units will be issued if an overallotment option is 
exercised. 
 
    HONG KONG ECONOMIC TIMES  
    -- Department store operator and property investor Wing On 
Company International Ltd  0289.HK  said it expected to record 
an unaudited pre-tax gain of HK$337 million ($43.48 million) 
from a sale of a stake in an automotive dealership group in the 
United States to Lithia Motors Inc  LAD.N . 
 
    For Chinese newspapers, see............... PRESS/CN    
($1 = 7.7515 Hong Kong Dollars) 
 
 (Reporting by Donny Kwok; Editing by Subhranshu Sahu) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/