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Hong Kong’s office segment to see faster turnaround than retail sector: Morgan Stanley

Hong Kong’s office space segment has a higher probability of making a fast turnaround than the local market’s other sluggish…

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New Business

Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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New Business

Apple supplier Lens Technology joins list of Chinese firms planning Hong Kong IPOs

Lens Technology, Apple’s iPhone glass supplier, said on Thursday that its board approved a plan to list in Hong Kong.…

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New Business

Hong Kong’s Times Square owner says earnings sink on weak retail, property market

Wharf Real Estate Investment Co, one of Hong Kong’s biggest commercial landlords, said earnings tumbled last year as revenue from…

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New Business

SHKP’s earnings drop as slowdown erodes asset value amid dampened sentiment

Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market value, said interim profit fell by almost a fifth…

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New Business

Hong Kong developer New World claims ‘business as usual’ amid default rumours

Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development…

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New Business

BrainAurora shares trade flat in Hong Kong debut, as city eyes IPO crown in 2025

Shares of BrainAurora Medical Technology, a provider of medical diagnostics and digital therapies, traded flat in their Hong Kong debut…

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New Business

Hopewell, top landlord in Wan Chai, ventures into hotel in bet on tourism, conference demand

Hopewell Holdings, one of the largest commercial landlords in Wan Chai district, is banking on its new hotel venture to…

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New Business

New World Development names Huang Shaomei CEO as Eric Ma steps down after 2 months

New World Development (NWD)’s CEO Eric Ma Siu-cheung has stepped down barely two months after assuming the top job, leaving…

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New Business

Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn

Losses at Shimao Group Holdings, the embattled mainland Chinese developer, jumped nearly 90 per cent in the first half as…

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