Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats.
*Deal would be second investment trust in Hong Kong. *Cheung Kong/ Hutchison to hold under 30 pct of hotel trust. HONG KONG, Oct 12- Hong Kong tycoon Li Ka- shing's property firm Cheung Kong Ltd plans to list its extended stay hotel business in a deal that could raise up to $800 million, IFR reported on Friday, citing sources with knowledge of the plans.
HONG KONG, Oct 11- Cheung Kong Ltd. plans to separately list its hotel business on the Hong Kong stock exchange to free up capital for its operations and for new investment opportunities, while realising the value of the hotels.
*Cheung Kong/ Hutchison to hold under 30 pct of hotel trust. HONG KONG, Oct 11- Property firm Cheung Kong Ltd, owned by billionaire Li Ka- shing's family, plans to separately list its hotel business by way of an investment trust to free up capital for new investments, while realising the value of the hotels.
SINGAPORE, Oct 10- Dynasty Real Estate Investment Trust, which owns Chinese assets, on Wednesday filed the prospectus for what will be Singapore's first yuan-denominated initial public offering.
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Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services lowered its corporate credit rating on Memphis- based American Residential Services LLC to' B-' from' B'. At the same time, we lowered our issue-level rating on the company's $165 million senior secured second-lien notes due 2015 to' B-' from' B'.