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HKEx considering extending trading hours to link up with
LSE trade
HONG KONG Exchanges and Clearing Ltd (388.HK) is looking
at extending trading hours on the local exchange to link up
with the London Stock Exchange to allow investors to
simultaneously trade stocks on both markets, the Hong Kong
Standard reported, citing HKEx officials.
"There is no timetable (for implementing co-trading). But
discussions will end in around two to three weeks and we will
have more understanding of market interest," spokesman Henry
Law was quoted as saying.
China Motor Bus shareholder plans to sell 9.8 percent
stake to Fungs
CHINA Motor Bus (26.HK) shareholder Chee Ying-chueung
plans to sell his 9.8 pct stake in the company to investment
bankers Peter Fung and Tony Fung, the South China Morning Post
reported, citing Chee's son Samuel Chee Sing-cheung.
To counter the hostile takeover, China Motor Bus is
proposing a special dividend issue of HK$18.00 per share by
Nov 15.
Beijing Datang receives official approval for two thermal
power plants
BEIJING Datang Power Generation Co., Ltd (991.HK) said it
has received approval from the State Economic and Trade
Commission to commence construction of the Datang Pingwang
Thermal Power and Datang Tangshan Thermal Power projects.
In a statement, Beijing Datang said the projects, in
which it owns controlling equity interests, are both
technological upgrade projects.
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