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Tuesday   9 /17 /2002


Hong Kong Stock Watch

  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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