HONG KONG, Aug 13 (Reuters) – These are some of the leading
stories in Hong Kong newspapers on Monday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
— U.S. apparel brand Gap Inc aims to open 20 more
stores in Hong Kong and on the mainland over the next six
months, which would bring its total number of stores in China to
45, said Redmond Yeung, president for greater China at Gap.
— Animal welfare groups have now removed big names such as
Est (c)e Lauder Cos Inc, Mary Kay and Avon, as well as
French cosmetics group L’Occitane, from their list of
cruelty-free brands and plan to call for customer boycotts.
THE STANDARD
— MTR Corp is expected to post a slight decline
in first-half profit as lower earnings from its property
business may have offset growth in other operations. The company
is due to announce its results on Monday.
HONG KONG ECONOMIC TIMES
— CK Life Sciences International, a biotechnology
company controlled by tycoon Li Ka-shing, plans to spin off its
U.S.-based pharmaceutical research and development unit,
Polynoma LLC, on the Nasdaq.
TA KUNG PAO
— Mainland China property developer Country Garden
said contract sales for July totalled 4.75 billion
yuan ($746.9 million), up 5.5 percent from a year ago.
WEN WEI PO
— New Zealand’s dairy processor Fonterra Cooperative Group
Ltd will help China Mengniu Dairy Co Ltd,
the country’s biggest dairy products maker, to design a set of
quality control and improvement plan.
For Chinese newspapers, see……………
($1 = 6.3600 Chinese yuan)
(Reporting by Twinnie Siu; Editing by Gopakumar Warrier)
