PRESS DIGEST - Hong Kong - Nov 11 - News

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PRESS DIGEST - Hong Kong - Nov 11

By: AFX | 10 Nov 2009 | 09:17 PM ET

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HONG KONG, Nov 11 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST -- Hong Kong retailers are estimated to have lost HK$1.17 billion ($152 million) to shoplifters between July 2008 and June 2009, ranking 7th in the region after Taiwan, as theft has worsened since the onset of financial crisis, according to a survey conducted by the Britain-based Centre for Retail Research and security company Checkpoint Systems. -- Goldman Sachs has quit its role as a listing adviser for Rusal, the world's largest aluminium producer, which plans a dual listing in Hong Kong and on the Paris-based Euronext. A person close to the deal said Goldman felt the deal was proceeding too fast and was uncomfortable with the increased risk. HONG KONG ECONOMIC JOURNAL -- Cathay Pacific CEO Tony Tyler said the worst for the carrier is over and sees signs of pick up in cargo volume in Hong Kong and Shanghai, but remains cautious on the outlook. HONG KONG ECONOMIC TIMES -- Property group Wharf Holdings has sold its 87.5 percent stake in a Beijing property for HK$3.07 billion ($396 million) as it reshapes its developemnt strategy in China. The company said the deal would give a profit of HK$1.2 billion. MING PAO -- The retail portion of the initial public offering of shares of China Tontine Wines Group is expected to be more than 300 times oversubscribed, according to sources. -- Fashion accessories company Artini China Co Ltd said it has entered into a non-exclusive licensing agreement with Disney's Asia-Pacific Corporation to sell Disney costumes in the next two to three years in mainland China, Hong Kong and Macau. APPLE DAILY -- Property developers Shimao Property Holdings said it had successfully bid for two commercial sites in Hangzhou for a total 600 million yuan ($87.91 million). For Chinese newspapers, see............... For Taiwan newspapers, see............ ($1=6.825 Yuan) Keywords: HONGKONG PRESS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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