Press Digest: Hong Kong - Sept 4

Mainland Headwear Holdings

04/09/2014 03:23

HONG KONG, Sept 4 (Reuters) - These are some of the leading 
stories in Hong Kong newspapers on Thursday. Reuters has not 
verified these stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    - Occupy Central co-founder Benny Tai Yiu-ting came out 
fighting on Wednesday after he shocked many with his pessimistic 
assessment of the pro-democracy movement in an interview. Tai 
said he was confident that as many as 10,000 people would join 
the upcoming mass sit-in in Central, a day after he suggested 
that public support for Occupy was waning. (http://bit.ly/1nwAImP) 
    - Hong Kong retained its seventh-place ranking for a second 
year in the annual Global Competitiveness Index released by the 
World Economic Forum, with middling scores on education and 
innovation preventing it from rising higher. (http://bit.ly/1lADBaw) 
    - Technology giant Apple  AAPL.O  is expected to provide a 
boost to exports from the mainland and Taiwan after the 
company's newest iPhone is launched next week. The release of 
iPhone 6 could add 1 percentage point a month to the mainland's 
export growth for the rest of this year, said a report by Bank 
of America Merrill Lynch. (http://bit.ly/1pKMVtu) 
     
    THE STANDARD 
    - Hong Kong construction contractor New Concepts opens its 
retail book on Thursday seeking to raise up to HK$90 million 
($11.6 million) in an initial public offering to fund 
acquisition of machinery and equipment, and for hiring more 
staff. (http://bit.ly/1w832Rz) 
  
    - Luxury projects Kensington Hill and One South Lane were 
unveiled in west Hong Kong Island, priced about 10 percent 
higher than the prevailing market prices in the area. Wheelock 
Properties priced its first batch of 30 units of Kensington Hill 
at an average HK$23,572 ($3,041.55) per sellable square foot. (http://bit.ly/We5RnB) 
    - Shenguan Holdings  0829.HK , a mainland-based 
sausage-casing maker, has been accused by short-seller Emerson 
Analytics of exaggerating revenue and concealing high costs of 
raw materials. (http://bit.ly/We6eym) 
     
    HONG KONG ECONOMIC JOURNAL  
    - Chinese sportswear firm 361 Degrees International Ltd 
 1361.HK  said it has teamed up with Baidu Inc's  BIDU.O  Baidu 
Times to jointly develop digitally enhanced sports products, 
including children's "Smart Shoes" equipped with GPS and 
pedometer functions. 
     
    HONG KONG ECONOMIC TIMES  
    - Headwear products maker Mainland Headwear Holdings Ltd 
 1100.HK  expects orders for its Bangladesh factories to 
increase early next year as the facilities continue to expand, 
while wages there are only one-tenth of those in China with 
ample labour supply, according to deputy chairman Pauline Ngan. 
          
    MING PAO DAILY NEWS  
    - China Unicom  0762.HK  said the China Banking Regulatory 
Commission has approved its plan to team up with the China 
Merchants Bank-  3968.HK  600036.SS  controlled Wing Lung Bank 
to jointly develop online financial services on the mainland. 
The registered capital of the venture will amount to 2 billion 
yuan ($326 million).        
    
    For Chinese newspapers, see............... PRESS/CN    
(1 US dollar = 7.7500 Hong Kong dollar) 
(1 US dollar = 6.1408 Chinese yuan) 
 
 (Reporting by Donny Kwok; Editing by Biju Dwarakanath) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/