Company Overview and News

 
Sino Land, CSI join forces to win Yau Tong land site, adding even more appeal to former Kowloon industrial area

2018-05-08 scmp
Winning bid not disclosed, but the land premium paid on the site was confirmed at HK$1.515 billion (US$193 million)

 
Sino Land, CSI join forces to win Yau Tong land site, adding even more appeal to former Kowloon industrial area

2018-05-08 scmp
Winning bid not disclosed, but the land premium paid on the site was confirmed at HK$1.515 billion (US$193 million)

 
Hong Kong directors’ share buying remains high in latest week, while selling increases

2018-04-15 scmp
Buying of their own companies’ shares by Hong Kong company directors remained high while selling rose, based on filings to the city’s stock exchange from April 9 to 13.

 
Has $490m payday put The Star in play?

2018-03-29 theage.com.au
The Star Entertainment Group has opened the back door to its two major Hong Kong partners to become its largest shareholders, raising the possibility the casino group might soon be in play.

 
Has $490m payday put The Star in play?

2018-03-29 smh.com.au
The Star Entertainment Group has opened the back door to its two major Hong Kong partners to become its largest shareholders, raising the possibility the casino group might soon be in play.

 
Trans World Corporation Enters into Definitive Merger Agreement

2018-03-03 accesswire
NEW YORK, NY / ACCESSWIRE / March 2, 2018 / Trans World Corporation ("TWC" or "Trans World" or the "Company") (OTCQB: TWOC), a premier owner and operator of casinos and hotels in Europe, today announced it has entered into a definitive merger agreement providing for Trans World to become an indirect wholly-owned subsidiary of Far East Consortium International Limited ("FEC"). Under the terms of the merger agreement (the "Agreement"), FEC Investment (US) Limited ("FEC US"), a direct wholly-owned subsidiary of FEC Overseas Investment (UK) Limited ("FEC OIL"), an indirect wholly-owned subsidiary of FEC, will purchase (and merge with and into) Trans World, which will become a wholly owned subsidiary of FEC OIL.

 
Kwun Tong residential site attracts 25 bids despite concerns over infrastructure capacity

2018-01-19 scmp
Developers’ enthusiasm for land tenders has shown no signs of easing – a residential site in Hong Kong’s Kwun Tong has attracted stronger than expected interest. But valuers said infrastructure in the region might not be able to support the extra population.

 
Wharf wins luxury residential site in Kowloon Tong for record price

2018-01-16 scmp
Wharf pays HK$12.45 billion, or HK$28,530 per sq ft for the plot, smashing the previous record of HK$21,016 per sq ft for Kowloon

 
Hong Kong’s investment interests in the UK undaunted by Brexit, says official

2017-11-16 scmp
Sajid Javid, Secretary of State for Communities and Local Government cites the UK’s open economy and stability as reasons, but analysts suggest it is the price of the pound

 
MTR seeks bids for land as Hong Kong property developers ready for November sales

2017-10-27 scmp
The subway operator is inviting tenders for land at Wong Chuk Hang, while Sun Hung Kai and others eye high prices for a series of residential flat sales in the coming month

 
New flat construction in Hong Kong slumps in first nine months, but prices seen remaining steady

2017-10-27 scmp
Housing starts are less than half of the 25,500 units built in 2016, but analysts said that with the government planning to release more land, prices will not rise abruptly

 
Hong Kong's mortgage lenders doing booming business in the shadows | Reuters

2017-07-09 reuters
HONG KONG When Horan Fu decided to buy a 500-sq-foot apartment for HK$7.4 million last year, the biggest draw was the developer's offer of 85 percent financing with an option to defer interest payments for the first three years.

 
Hong Kong's mortgage lenders doing booming business in the shadows

2017-07-09 in.reuters
HONG KONG (Reuters) - When Horan Fu decided to buy a 500-sq-foot apartment for HK$7.4 million last year, the biggest draw was the developer's offer of 85 percent financing with an option to defer interest payments for the first three years.

 
i-Cable shareholders accept white knight, vote for rights issue to raise funds, continue operations

2017-05-29 scmp
Operations at Hong Kong’s Cable TV will continue when its licence is renewed on June 1, after minority shareholders voted to approve a rescue plan led by the chairman of New World Development and his family to raise cash for the city’s financially distressed cable television network.

 
Fast death or a slow rot? i-Cable shareholders call the shot

2017-05-27 scmp
In quitting i-Cable Communications, Wharf Holdings has handed over to minority shareholders to decide whether they will accept a white knight rescue

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