Hutchison Telecom Shares Fall in Hong Kong Debut
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Hutchison Telecommunications International Ltd., controlled by Hong Kong billionaire Li Ka- shing, fell on its share-trading debut today on concern it won&#39;t pay a dividend because expansion costs will reduce profits.
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China Telecom Corp. Ltd. (0728.HK),  the bigger of the country's two fixed-line phone firms, posted  a 4 percent dip in first-half earnings, lagging expectations,  as users switched increasingly to mobile services.
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Hong Kong&#39;s status as one of Asia&#39;s leading financial markets suffered a heavy blow yesterday as the US$3bn listing of the world&#39;s largest property trust
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LONDON/HONG KONG  - Shares of HSBC Holdings   dropped more than 2 percent on Thursday after the British lender announced its bad debt charge last year would be about $1.8 billion higher than expected.
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Hutchison Telecommunications International (HTIL) hopes to raise as much as HK$8.81 billion from a dual listing in Hong Kong and New York, parent Hutchison Whampoa said.
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Shares of HSBC Holdings  fell more than 2 percent in Hong Kong on Thursday, after the British lender announced a larger-than-expected 2006 bad debt charge.
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Hutchison Telecommunications International Ltd. plans to sell 69.3 million American Depositary Shares at $12.67 to $14.67 apiece in its initial public offering, the company said Monday in an amended regulatory filing.
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HONG KONG Mainland Chinese stock markets dropped less than 2 percent on Friday as most Asian financial markets reacted with surprising calm to the Chinese central bank&#39;s announcement late on Thursday of its first increase in interest rates in nine years.
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Shares in Asia fell on Monday, with Japan down around 2.5 percent and Hong Kong down more than 3 percent, as concerns over the health of the U.S. economy returned.
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HONG KONG Hutchison Whampoa has filed with US regulators to raise as much as $2 billion in an initial public offering of its phone business in Hong Kong, India and six other markets.
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HONG KONG: Hong Kong blue chip stocks opened marginally lower on Friday, but TPV Technology jumped over 7 per cent on news it would buy the PC monitor business of Dutch electronics giant Philips .
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HONG KONG (Dow Jones)--Goldman Sachs has lowered its valuation of Hutchison Telecom International Ltd. by 20% to US$5 billion ahead of its Oct. 14 listing, the local Chinese-language newspaper Apple Daily reports.
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Sharp falls in technology stocks led  Asian share markets lower Friday on bleak earnings prospects at  industry leader Samsung Electronics Co. Ltd. and a retreat on  Wall Street.
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HONG KONG: Hong Kong stocks ended 0.11 per cent lower on Monday, led down by China&#39;s top PC maker Lenovo amid worries about its purchase of IBM&#39;s PC business, and HSBC Holdings PLC on a downgrade by Merrill Lynch.
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The FTSE 100 was trading lower on Monday despite sharp gains for Vodafone after the UK's largest mobile phone company sealed the $18.8bn battle for control of Hutchison Essar.
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New shares in the restructured operator of the Channel tunnel rail link between Britain and France, Groupe Eurotunnel, fell by more than 35 percent on Monday, their first day of trading.
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Hutchison Telecommunications International Ltd., controlled by Hong Kong billionaire Li Ka- shing, cut its initial public offer by as much as a fifth after investors snubbed the sale because the price was too high.