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From Gregory Shenkman, London SW7, UK
...Sichuan Baicha Baidao Industrial, also known as Chabaidao, raised HK$2.5bn ($330mn) in its initial public offering, which priced the company’s shares at HK$17.50....
...Poly Auction’s total was boosted by its top lot, Yayoi Kusama’s acrylic “Red Pumpkin” (1989), which sold for HK$18mn with fees, far above its HK$7.5mn-HK$8.5mn estimate....
...The Chinese territory’s bourse logged a profit of HK$2.97bn (US$379mn) in the first three months of this year, it said in a filing on Wednesday....
...It will also increase its dividend for 2023 by 42 per cent to HK$3.4 per share, translating into a HK$32bn payment....
...Two lawyers who help exchanges apply for licences in the city estimated that crypto groups were paying HK$2mn-HK$8mn for advice in the hope of speeding up the process....
...ChaPanda, also known as Chabaidao, raised almost HK$2.6bn (US$331mn), with shares priced at HK$17.50....
...The territory’s flag carrier reported a net profit of HK$9.8bn (US$1.25bn) for 2023, up from a HK$6.6bn loss in the previous year and the highest since 2010 when Cathay made a record HK$14bn annual profit...
...to just HK$46.3bn amid a slowdown for China’s economy....
...Before the refunds, the company made profits of HK$13mn....
...The company had anticipated making a profit of HK$13mn....
...The airline posted net profit of HK$9.8bn (US$1.3bn) for the year on Wednesday, breaking a three-year streak of losses including a HK$6.6bn loss in 2022....
...The petition, issued by China Construction Bank in Hong Kong’s High Court on Friday, is related to an “approximately HK$1,579.5 million [$201.7mn]” financial obligation, Shimao Group said....
...He added that analysts’ median forecast for average daily turnover of HK$166bn this year was also higher than the year-to-date average of just HK$92bn, “suggesting further downside risks”....
...Shimao’s Hong Kong-listed shares fell more than 14 per cent on Monday to an all-time low of HK$0.39....
...The Exchange Fund’s bond investment income reached a record high of HK$144bn, while equity investment income was only HK$57.7bn, with Hong Kong equities recording a loss of HK$15.5bn....
...A regular health check at the exotic pet vet costs more than HK$1,500 ($192) each time....
...Paul Chan, financial secretary, announced an annual budget on Wednesday that included cutting taxes for foreigners buying property in the city and earmarking more than HK$1bn (US$127.8mn) for measures to...
...The petition, filed at the Hong Kong High Court by Ever Credit Limited, involved non-payment of a HK$1.6bn ($204.5mn) loan, plus accrued interest....
...“Why didn’t Messi play in Hong Kong or participate in the handshake with HK chief executive? And why did he smile, run freely and looked fit in Japan?”...
...In a bid to boost tourism, Chan also allocated more than HK$1bn ($127.8mn) for new measures including monthly fireworks and drone shows....
...Billboards featuring Messi’s face occupied prominent city centre slots for weeks, and tickets for the game cost up to HK$4,880 (US$620)....
...to about HK$1.3tn....
...taikwun.hk...
...Natixis senior economist Gary Ng, meanwhile, estimated Hongkongers spent about HK$67bn in the whole of 2023 on trips to Guangdong....
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