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Hong Kong developer Hang Lung eyes China’s booming luxury market as it expands flagship Shanghai mall Plaza 66

by Anas Siddiqui
Hong Kong developer Hang Lung eyes China’s booming luxury market as it expands flagship Shanghai mall Plaza 66

The company has obtained approval from the local government to utilise an unused area to expand the 55,000 square metre (592,000 sq ft) mall in West Nanjing Road, Jingan district. …

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Hong Kong accounting watchdog initiates probe into PwC audits of bankrupt developer Evergrande

by Anas Siddiqui
Hong Kong accounting watchdog initiates probe into PwC audits of bankrupt developer Evergrande

Hong Kong’s accounting watchdog said it will investigate accounting firm PwC for alleged auditing fraud related to bankrupt Chinese developer China Evergrande Group, adding that it would not hesitate to …

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New Zealand’s public job cuts cast more gloom in recession-hit economy

by Walter Watson
New Zealand’s public job cuts cast more gloom in recession-hit economy

These moves have put workers on edge and added more pressure to falling job vacancies. While a cooler job market could arguably slow down inflation, it is rattling an already …

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Liechtenstein royal family-backed banking and asset management firm LGT says private equity has ‘good future’ in China

by Anas Siddiqui
Liechtenstein royal family-backed banking and asset management firm LGT says private equity has ‘good future’ in China

LGT Group, the world’s largest royal family-owned private banking and asset management group, sees private equity continuing to be attractive to high-net-worth clients, especially in China, where the public market …

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Fisker Lost Millions In Customer Payments And Had To Do An Internal Audit: Report

by Horatio Thompson
Fisker Lost Millions In Customer Payments And Had To Do An Internal Audit: Report

Fisker is in a state of disarray right now. The company continues to inch closer to bankruptcy, and the only car it sells right now, the Ocean EV, just had …

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From hotpot waste to jets: Cathay Pacific joins Hong Kong group in diving into sustainable aviation fuel

by Anas Siddiqui
From hotpot waste to jets: Cathay Pacific joins Hong Kong group in diving into sustainable aviation fuel

In his policy address last October, Chief Executive John Lee Ka-chiu tasked Airport Authority Hong Kong with formulating an action plan this year to promote SAF usage, coordinating the attainment …

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Superdry confirms talks with advisors, but gives no detail

by David Johnson
Superdry confirms talks with advisors, but gives no detail

Struggling Superdry issued a stock exchange release on Monday, responding to “recent press speculation”.  Superdry It said that “in line with the company’s turnaround strategy”, it confirms it’s “working with …

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Existential threat: Asia-Pacific CEOs uncertain about long-term survival as they fear business reinvention may fall short, PwC says

by Anas Siddiqui
Existential threat: Asia-Pacific CEOs uncertain about long-term survival as they fear business reinvention may fall short, PwC says

Nearly two-thirds of Asia-Pacific CEOs are not confident in the long-term survival of their company despite an overwhelming majority of leaders taking measures to reinvent their business models, according to …

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Hong Kong’s IPO market to stabilise amid listing reforms and lower interest rates, PwC says

by Anas Siddiqui
Hong Kong’s IPO market to stabilise amid listing reforms and lower interest rates, PwC says

Hong Kong’s initial public offering (IPO) market will gradually stabilise this year notwithstanding the geopolitical tensions and economic uncertainties globally, aided by listing reforms and potential interest rate cuts in …

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China M&A activity is set for a rebound in 2024 amid renewed overseas interest, but it won’t be business as usual. Here’s why

by Anas Siddiqui
China M&A activity is set for a rebound in 2024 amid renewed overseas interest, but it won’t be business as usual. Here’s why

“Outside their home markets, most multinationals have their largest presence in China, and it’s where they have made investments for the long term,” said Colin Banfield, Asia head of M&A …

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