Hong Kong newspaper News Summary (08.07.31)

Following is the Hong Kong media on July 31 News Summary:

1. According to the Hong Kong Economic Journal reported that HSBC (00,005) to the Lone Star acquired Korea Exchange Bank (KEB) trading deadline expires today, but South Korean authorities have not yet finalized, according to South Korean newspapers quoted government sources said, Lone Star South Korea may be charged if the Government delayed assessment of the transactions.

2. According to the Hong Kong Economic Journal reported, the HKEx (00,388) that only the first gold exchange traded funds (ETF)-SPDR gold ETF (02840) will be held today in the wholly-owned subsidiary of HKEx on the Stock Exchange of Hong Kong listed on the Main Board.

3. According to the Hong Kong Economic Journal reported, according to foreign reports, Sinopec (00,386) the first half was 30.9 billion yuan subsidy to compensate for the first half of its refining losses, including these subsidies have been the first quarter was 7.4 billion yuan of subsidies.

4. According to the Hong Kong Economic Journal reported that Standard Chartered Group (02,888) is considering the creation of the rural areas of Shanghai Chongming County Bank, Standard Chartered Bank and the Shanghai local government earlier in the development of the plan, for the purpose of the local agriculture and the development of SMEs Provide funding.

5. According to the Hong Kong Sing Tao Daily reported that China Gas (00,003) plans to offer 10-year bonds is expected to issue the bond issue of at least 500 million U.S. dollars, interest rates than the 10-year U.S. bonds 1.8 percent, or about 5.7 percent .

6. According to Hong Kong's Apple Daily reported that Beijing Holdings (00,392) Vice-President and Chief Executive Officer, said Zhang Honghai, the proportion of its total profits 60-65% of Beijing Gas, in addition to plans to open up the market in Beijing's suburbs, determined to become a national gas supplier .

7. According to the Hong Kong Sing Tao Daily reported that a show of Health (00,754) to 772 million yuan in the six months to Huizhou, a real estate trading center purchased the land use rights for industrial, office and residential uses. That the company , The transactions will help business development and brand building.

8. According to the Hong Kong Oriental Daily News reported that the first police only issued a surplus of blue chips in aluminum (02,600), its parent company in the aluminum companies were registered in the first half of 7 billion yuan of profits, but of the Group's 2007 annual revenue of more than 90 percent of alumina And primary aluminum, the first half of output increased by only 0.46 percent and 1.57 percent.

9. According to the Hong Kong Oriental Daily News reported that China Eastern Airlines (00670) on the introduction of foreign capital flight rate perseverance, the management of media access groups that the Olympic Games in Beijing after the re-introduction of Singapore Airlines to discuss the programme, which aims to improve the financial position of Eastern Airlines.

10. According to Hong Kong's Oriental Daily News reported that the coal in energy (01,898) recently announced interim net profit earn nearly 60 percent, Morgan Stanley has released a report that mainland China coal industry policy risks still exist, the stock price will be reduced to 21.5 Hong Kong dollar.

11. According to the Hong Kong Economic Times reported, there were reports that China Mobile (00941) is planning to China Telecom (00,728) hinterland of the southern provinces, the CDMA network to attract customers to switch to other networks, telecommunications analyst at DBS Liu Tai-sheng pointed out that «field that this is The opportunity to stabilize the lead.

12. According to the Hong Kong Economic Journal reported that China's telecommunications services (00,552), was a shareholder after the close of waiting for opportunities in order to close配股price of 5.7 Hong Kong dollar, placing the old Group of 6250 million shares, generating 356 million Hong Kong dollar.

13. According to the Hong Kong Sing Tao Daily reported, the Zhuzhou Southern vehicles (03,898) and South entered into a four-car sales contracts, cost about 356 million yuan. In addition to the company with South Zhuzhou, entered into a motorcycle sales contracts, the price for 600 million yuan.

14. According to the Hong Kong Economic Journal reported that the Chinese wireless (02,369) issued a profit warning, expected in 2008 interim results will be recorded in the loss, estimated as at June 30 this year during the interim results will be recorded in the loss. Said, according to the known Data analysis, performance setback is due to the decrease in sales.

15. Xianggangmingbao According to reports, German International (00928) on the 30th for the suspension, due to be announced as at the end of March this year during the annual results. Tak before the suspension to close at 0.4 Hong Kong dollar, or no effect. In fact, Germany, and 2002 stocks listed on the Hong Kong dollar 0.385, close the gap.

16. Xianggangmingbao According to reports, buy back the benefit of the business income Tianbao started recording, the mainland of China food suppliers for good in mind the food (01,175) As at the end of March only, full-year earnings growth of 18 percent to 580 million yuan.

17. According to the Hong Kong Economic Daily News reported that the Japan Securities released a report, published today forecast the performance of Orient Overseas (00,316), first half net profit will fall and expect the second half of the gross profit margin will be added the issue of oil prices down.

18. According to the Hong Kong Economic Daily News reported that Dai Lisi (00,333) yesterday announced the acquisition cost of 303 million Hong Kong dollar benefits German underwear and related companies. Target company's net asset value to 228 million Hong Kong dollar. Prerequisite for the acquisition of specified benefits Germany need to disarm before the acquisition of all bank liabilities.

19. According to the Hong Kong Sing Tao Daily reported that the sun Paper (02,002) chairman and managing director of Wang Dongxing said that the first half of the cost has increased over the same period last year, but the waste paper prices have been high and Mujiang down, with the expected costs The decline in the first half of its average fare increase 8-9 percent, digestible completely out of rising costs.

Source: Reuters