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Genting Hong Kong to acquire 70% stake in German shipbuilder Lloyd Werft
2015-09-18 01:00:00| Ship Technology
Genting Hong Kong (GHK), parent company of Crystal Cruises, has signed an agreement to acquire Lloyd Werft, a shipbuilder in Bremerhaven, Germany for a sum of 17.5m.
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Mainland China developers are rapidly expanding in Hong Kong's real estate market. Photo: K.Y. Cheng
2015-09-16 15:21:41| Real Estate - Topix.net
Mainland developers continue their expansion in Hong Kong's real estate, with Poly Property beating 19 Hong Kong and mainland developers to win the development rights of a government site in Tuen Mun. The Lands Department said it had awarded the residential site in Tuen Mun to Poly Property for HK$1.73 billion, about 25 per cent above the upper range of market expectations of HK$900 million to HK$1.38 billion.
Hong Kong metro operator MTR gets six-year Stockholm metro contract extension
2015-09-14 01:00:00| Railway Technology
Hong Kong metro operator MTR's subsidiary MTR Stockholm (MTRS) has received a six-year extension of concession agreement from Sweden's Stockholm County Council to operate the Stockholm Metro.
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Hong Kong billionaire plans African rival to Netflix
2015-09-09 15:45:18| Telecom - Topix.net
Richard Li's PCCW plans to launch a video-on-demand service in South Africa to compete with Netflix and local Naspers offering ShowMax. PCCW, controlled by Hong Kong billionaire Richard Li, is planning a video-on-demand service for South Africa that would compete with Netflix and Naspers's ShowMax, according to two people familiar with the matter.
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Hong Kong tycoon Li combines power, infrastructure units
2015-09-08 13:38:51| Real Estate - Topix.net
" Hong Kong billionaire Li Ka-shing is combining his infrastructure and power utility companies in an $11.6 billion reshuffle of his business empire to pursue more investments abroad. Cheung Kong Infrastructure said it's offering to swap new stock for all shares of Power Assets Holdings it doesn't already own.
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