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From Motown To Macau

HONG KONG -- Casino director Hoffman Ma said paying $420,000 for Michael Jackson's crystal glove was a bargain. He plans to put the glove on display for Chinese gamblers who visit Ponte 16, a Macau casino resort. The creamy white shining glove, which ...

From VIVIAN WAI-YIN KWOK, Forbes,  23 Nov 2009

Related Topics: Michael Jackson,  Stanley Ho

China's Tunnel To Hong Kong Stocks?

HONG KONG -- Shanghai-based Haitong Securities, the country's second-largest brokerage by market value after CITIC Securities, agreed to buy Hong Kong's Taifook Securities in a $234 million deal that could provide a channel for some of China's excess ...

From VIVIAN WAI-YIN KWOK, Forbes,  23 Nov 2009

Room For The Chinese Inn On The NYSE

HONG KONG -- Thanks to the upcoming Shanghai Disneyland and the 2010 World Expo in Shanghai, which are expected to increase demand for hotel rooms there, China's budget hotel chain 7 Days Group Holdings is finding traction as it markets its listing on ...

From VIVIAN WAI-YIN KWOK, Forbes,  18 Nov 2009

Related Topics: NYSE,  New York Stock Exchange,  Securities and Exchange Commission,  Merrill Lynch,  Deutsche Bank

Suntech Shines On US Factory Plan

HONG KONG -- Suntech Power demonstrated how solar magic could brighten its stock: The Chinese company, after sliding for about a month, announced a plan to invest $10 million to build its first solar factory in the U.S. Suntech Power gained $290 ...

From VIVIAN WAI-YIN KWOK, Forbes,  17 Nov 2009

Related Topics: New York Stock Exchange,  Xinhua

The Invisible Hand Behind Birmingham City

HONG KONG -- Mysterious mainland Chinese investors will soon take over English Premier League football club Birmingham City. The current majority shareholder of Birmingham City, Hong Kong-listed Grantop International, said Sunday that it had agreed to ...

From VIVIAN WAI-YIN KWOK, Forbes,  16 Nov 2009

Related Topics: Birmingham City FC

A Bidding War For The Bank Of East Asia?

HONG KONG -- With an accumulated 8% stake in Bank of East Asia held under his flagship Guoco, Malaysian properties tycoon Quek Leng Chan is getting ready to challenge David Li's family's 90-year control of the Hong Kong lender. Guoco's unexpected lift ...

From VIVIAN WAI-YIN KWOK, Forbes,  12 Nov 2009

Related Topics: David Li,  Richard Li

Hu Shuli's Departure Won't Stop Richard Li

HONG KONG -- Hong Kong telecom and media tycoon Richard Li seems set on proceeding with his plan to set up a China-oriented financial news services company to compete with Bloomberg and Reuters, even as his joint venture partner Caijing, China's most ...

From VIVIAN WAI-YIN KWOK, Forbes,  10 Nov 2009

Related Topics: Richard Li,  Craig Smith,  New York Times Company,  Wall Street Journal

For Now, Wal-Mart Is Still China's Biggest

HONG KONG -- Wal-Mart and Carrefour may be able to hang on to their dominant positions as the largest hypermarket chains in China for a few more months. That's because Taiwan-funded Rt-Mart and Frances Coupe Auchan are facing some hurdles on their ...

From VIVIAN WAI-YIN KWOK, Forbes,  9 Nov 2009

Related Topics: Wal-Mart

China In The Shadow Of Swine Flu

HONG KONG -- With the number of swine flu cases tripling every month in China, Chinese vaccine makers and other medical stocks are also flying toward their peaks. Four more deaths from swine flu were confirmed. They included a 33-year-old man from ...

From VIVIAN WAI-YIN KWOK, Forbes,  6 Nov 2009

Related Topics: World Health Organization

Malaysian Palm Trees For China?

HONG KONG -- The Malaysian government is reportedly preparing something special for Chinese President Hu Jintao's state visit to Malaysia next week -- a deal to sell 10% stakes in Sime Darby, the world's largest listed oil palm plantations ...

From VIVIAN WAI-YIN KWOK, Forbes,  5 Nov 2009

Related Topics: Hu Jintao

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