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Hopewell interim profit leaps to HK$10.4 billion

Revaluation gains on investment property and on land under redevelopment helped infrastructure and property company Hopewell Holdings (0054), controlled by tycoon Sir Gordan Wu Ying-sheung, push its interim profit 470 percent to HK$10.4 billion. In its


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Sacré bleu! PY changes name to….Louis XIII

Mid-sized contractor PY Engineering (0577) is proposing to change its name to better reflect its new business orientation as a casino property investment company. In a stock exchange announcement last week, the company said it plans


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Public works worth HK$2.99 billion up for grabs

  Up to HK$2.99 billion worth of public works contracts at money-of-the-day (MOD) prices will go out to tender later this year once the Finance Committee of the Legislative Council gives funding approval which may come


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Govt awards HK$14 billion public works December 2012

Public works awarded December 2012 The government along with its majority owned railway operator MTRC (0066) awarded over HK$14 billion worth of contracts for construction and building services works in December 2012 with most of the


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Green light for Yau Tong shipyard project

  After a marathon planning process stretching back over a decade, a joint venture led by Henderson Land (0012) has finally been given the green light to proceed with its controversial Yau Tong shipyard redevelopment project.


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Govt: Revised tender, financial limits set to roll in Q2

The Development Bureau is set to implement revised tender limits and financial criteria for approved contractors bidding for public projects during the second quarter of 2013 after reviewing the responses collected during a recent consultation. In


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Shangri-La Asia to build hotel in Hung Hom

  Leading hotel operator Shangri-La Asia (0069) is pressing ahead with plans for a 599 room luxury hotel after submitting a planning application in Hung Hom district in Kowloon, an area which was previously dominated by


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