HONG KONG, Sept 13 These are some of the leading
stories in Hong Kong newspapers on Friday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Alibaba Group may postpone its potential
HK$100 billion ($12.9 billion) listing plan to 2015 if the
mainland's top e-commerce firm cannot get a deal done in Hong
Kong this year. Failure to list before Dec. 31, 2015, would
force Alibaba back to the negotiating table to agree new terms,
bankers said. (link.reuters.com/jyx92v)
-- Hong Kong Express Airways, which will expand its fleet by
six aircraft next year, said it hopes to get 10 percent of the
city's market for passenger flights by offering cheap fares when
it transforms itself into a budget airline next month. (link.reuters.com/myx92v)
HONG KONG ECONOMIC JOURNAL
-- Hong Kong Exchanges and Clearing Ltd chairman
Chow Chung Kong said he hopes Alibaba Group can come
to Hong Kong for the listing, but stressed that the bourse is
obliged to protect investors' rights.
-- China Huishan Dairy Holdings Company Ltd, which is
seeking to raise up to HK$10.1 billion, has received a warm
response to its initial public offering and may close its
bookbuilding for the international tranche earlier than
SING TAO DAILY
-- Hong Kong-based cosmetics retailer Sa Sa International
Holdings expects same-store sales to mark a
double-digit growth year-on-year during China's Golden Week
(Oct. 1-7), said chairman Simon Kwok.
MING PAO DAILY NEWS
-- Sun Hung Kai Properties Ltd, which has set a
lower target of contracted sales of HK$28 billion for this
fiscal year, plans to launch four new residential projects in
the fourth quarter, providing 1,240 units to the market.
-- Forte Group, one of China's largest real estate
developers, has acquired two commercial plots in Hanzhou for a
total of 1.07 billion yuan ($174.89 million).
WEN WEI PO
-- Hong Kong developer Wharf Holdings Ltd has
acquired a Tianjin plot with its partner China Merchants
Property Development for 2.6 billion yuan. This is Wharf's third
project in Tianjin.
-- The Hong Kong Investment Funds Association said net fund
sales during the first half hit a record $10.45 billion.
For Chinese newspapers, see...............
($1 = 7.7540 Hong Kong dollars)
($1 = 6.1180 Chinese yuan)
(Reporting by Twinnie Siu; Editing by Sunil Nair)