HONG KONG NEWSPAPER HIGHLIGHTS - NOV 30, 2009

SOUTH CHINA MORNING POST:

- When Geely Automobile Holdings (SEHK: 0175) showcased the
mainland's nascent vehicle industry with a single
low-technology car in Detroit in 2006, carmakers around the
world braced for the emergence of a competitor likely to embark
on a fast learning curve.

- Gabriel Ricardo Dias-Azedo, once a pillar of Hong Kong's
Portuguese community and a former global partner of blue ribbon
accountancy firm Grant Thornton, is being pursued through the
courts for more than HK$91 million.

- Raymond Or Ching-fai, the chief executive of China
Strategic Holdings, the majority buyer of Nan Shan Life
Insurance, has insisted his company plans to own Taiwan's
second-biggest life insurer for decades.

- Taking up one floor of an upmarket office building in
Admiralty is a cluster of companies whose multibillion-dollar
deals in Africa, the United States and other countries have
aroused suspicion and controversy.

- Goldman Sachs is in talks to sell a residential property
investment in Shanghai for more than US$300 million as it seeks
to take profit in the mainland's property market before
expected policy risks emerge next year, say sources familiar
with the decision.

- The financial world eagerly awaits what is billed as
China's most important yearly gathering of top economic
policymakers, the Annual National Economic Conference, that
helps form the blueprint for the premier's Government Work
Report to the legislature in March.

- A rail network that will transport containers more
efficiently and cheaply on the mainland is now taking shape and
will eventually be linked to Europe's rail grid, providing
competition for shipping lines and road transport companies.

- Noble Group is the largest Hong Kong company in terms of
revenue, but it is probably better known in Brazil or
Argentina, where it has large agriculture operations.

THE STANDARD:

- The Hong Kong stock market is tipped to rebound today
after losing more than 1,000 points - or nearly 5 percent - on
Friday, market watchers said.

- European officials indicated yesterday that they failed to
shift Beijing's currency policies that have halted gains by the
yuan against the dollar since July 2008.

- China, the world's largest gold producer, may have record
demand and output this year as jewelry consumption soars and
miners expand production after prices reached all-time highs,
according to the China Gold Association.

- UDL Holdings (0620) said its net loss in the first half
expanded more than 13 times to HK$28.2 million - it was HK$1.99
million a year ago - due to provision for reverses at its
Singapore shipyard business.

- China Sands is expected to struggle in its trading debut
today after a poor showing in the pre-IPO market on Friday.

- China Corn Oil, which delisted from the Paris bourse this
month, will now list in Hong Kong in an attempt to tap up to
HK$500 million.

cg

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