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Alibaba to spin off its Banma autonomous driving business via an IPO on Hong Kong exchange

Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China’s largest technology behemoths moves…

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Hong Kong Ferry buys New Territories retail space for US$33 million from ‘Cassette King’

Hong Kong Ferry Holdings is buying retail shops in the New Territories from Hong Kong’s “Cassette King” David Chan Ping-chi…

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Apple supplier Luxshare joins mainland tech firms in filing for Hong Kong IPO application

Apple supplier Luxshare Precision Industry has filed for a Hong Kong initial public offering (IPO), joining a wave of mainland…

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Xtep posts record interim profit as China’s marathon boom boosts sales of Saucony shoes

Xtep International Holdings’ interim earnings surged to a record, as the sportswear maker and distributor of the Saucony brand of…

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CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a…

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Hong Kong developer Road King defaults after creditors reject debt amendments

Road King Infrastructure suspended US$22.6 million in interest payments and will defer distributions of US$56.5 million on perpetual securities, making…

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Wharf posts first-half profit as Hong Kong luxury property market offsets mainland woes

Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a…

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Daryl Ng takes the helm at US$16.3 billion Sino Group in third-generation leadership shift

Daryl Ng Win Kong, the eldest son of Robert Ng Chee Siong, will take the reins from his father at…

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New Business

Hong Kong ‘Shop King’ Tang Shing-bor’s family sells Mong Kok hotel at throwaway price

Hong Kong developer Wang On Properties and US investment firm Angelo Gordon have jointly acquired a hotel in Mong Kok…

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IPO: gold miner Shanjin plans Hong Kong listing amid record prices for precious metal

Shanjin International Gold, one of China’s biggest and most profitable gold miners, is planning a new stock offering in Hong…

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