HONG KONG Hong Kong property developer CK Asset Holdings is open to bidding for debt-laden HNA Group's stake in Irish aircraft lessor Avolon Holdings if it were put up for sale and is eyeing other overseas deals as it pushes for stable revenue sources.
* Says open to bid for HNA stake in Avolon if put up for
HONG KONG, March 21 CK Hutchison Holdings Ltd
, the ports-to-telecoms arm of retired billionaire Li
Ka-shing, said it does not feel Chinese companies are being
barred from M&A opportunities in the global markets, even though
its bid in Australia was blocked.
HONG KONG, March 19 Fosun Tourism Group
will adopt an asset-light strategy and run under
management contracts the Club Med resorts it plans to launch in
China and other countries over the next few years, its chairman
SINGAPORE/HONG KONG Cathay Pacific Airways Ltd is "reasonably optimistic" about passenger and cargo markets this year despite recognising challenges ahead, its chairman said, after the Hong Kong airline earlier reported a profit for the first time in three years.
* Jan retail sales value up 7.1 pct y/y, volume up 6.9 pct
HONG KONG/SINGAPORE Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in "active discussions" about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached.
HONG KONG Hong Kong unveiled a less expansionary budget for fiscal year 2019/20 on Wednesday, though with relief measures for individuals and businesses at a time of economic uncertainty and trade tensions as growth slowed sharply.
HONG KONG Lenovo Group, the world's largest personal computer maker, posted better-than-expected quarterly results and shrugged off the impact of a bruising Sino-U.S. trade war, sending its shares soaring 11 percent to three-year highs.
HONG KONG, Feb 21 Lenovo Group Ltd
said on Thursday it swung back to a net profit in the December
quarter, beating market expectations, due to a strong
performance across its major business groups.