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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (1765)	8/5/2001 8:23:50 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

HONG KONG NEWSPAPER HIGHLIGHTS - AUG 3, 2001 8/2/2001 10:00:00 PM HONG KONG, Aug 03, 2001 (AsiaPulse via COMTEX) -- Highlights of today's newspapers: THE SOUTH CHINA MORNING POST - Four Seasons Hotels and Resorts has sold its 25 per cent stake in the management contract of the former Regent Hong Kong hotel to New World Development. - Locally listed companies are increasingly missing Hong Kong Exchanges and Clearing's deadline to report their annual results this year. - Cheung Kong (Holdings) is increasing price-discount offers to buyers of its phase-five Laguna Verde flats in Hunghom. - The Securities and Futures Commission has urged some investors to halt practices that make it easy for brokers to steal their money and stocks. - South China Media, a subsidiary of South China Holdings, plans to bundle three leisure magazines and list them on the Growth Enterprise Market. - Developers of the phase-one property project in Tung Chung Station will pay a land premium of about HK$120 million to build extra residential space. - International Bank of Asia shares fell 13 HK cents, or 5.4 per cent, to HK$2.27 yesterday in the wake of an interim result that showed a gain of just 2.2 per cent in profit from core banking operations. - Content alliance talks between Richard Li Tzar-kai's Pacific Century CyberWorks and Jimmy Lai Chee-ying's Next Media have collapsed. - Third-generation mobile services will not be a major focus for New T&T, according to chief executive Stephen Ng Tin-hoi. - Quality Healthcare Asia's share price plunged 36.9 per cent after the announcement of a rights issue to raise HK$228 million, mainly to repay debt owed to CLSA Capital. - Faulty information management poses a direct threat to companies well-being, said Andrew Watkins, global risk management solutions partner with PricewaterhouseCoopers. HONG KONG iMAIL - Maunsell Consultants Asia, one of Hong Kong's largest engineering consultancy firms, has won a deal from the Kowloon-Canton Railway Corporation to carry out a feasibility study into plans for a $7 billion port rail line. - I-Cable clinched rights yesterday to screen the wildly popular English Premier League football for another three years - but it had to pay a high price. Hong Kong's monopoly cable provider may have paid as much as $200 million for the three-year non-exclusive deal, according to an industry insider. - Nearly 80 per cent of consumers in five Asian markets say smart cards will become an important part of their lives, according to a survey by Visa International. - Husky Energy, which is majority owned by Li Ka-shing's Hutchison Whampoa group, saw second-quarter profits soar by 362 per cent, the company said in a statement. - Banking giant HSBC Holdings said yesterday it had slashed its 2001 economic growth forecast for Hong Kong to 1.8 per cent from 2.2 per cent due to shrinking global demand and weak consumer sentiment. - Wah Kwong Shipping, owned by flamboyant entrepreneur George Chao Sze-kwong, is close to an agreement with two other shipping companies to create a pool of bulk carriers in a move that would boost profitability. - Pacific Century CyberWorks ditched talks to ally with Next Media, the online arm of Hong Kong's top-selling magazine publisher, a setback to plans to make people pay for its Web entertainment service. - Employers working in a tougher marketplace must differentiate between their employees and concentrate on retaining their top performers, a human resources consultant said yesterday. - Internet outsourcing firm Asia Online is in talks with investors to secure funding to promote a new range of more specialised services. - Hong Kong is set to be one of only a handful of ports in the world capable of handling the Malacca-max size of super-large container ships that will carry up to 18,000 TEUs (20-foot equivalent units). - Stocks ended slightly lower yesterday, dragged down by property heavyweights, but small-cap technology issues outperformed the market on hopes that the worst may be over for the embattled sector. - Decorative sheets manufacturer Prosperity International Holdings failed to generate any significant investor interest, falling 28 per cent below its issue price of $0.25 to close at $0.18 on its Growth Enterprise Market debut. (C) 2001 Asia Pulse Pte Ltd