No exit

Article Abstract:

Sung Hung Kai and Co chairman Tony Fung and his family sold most of their shares in the company to Allied Properties in a deal that apparently stayed just within provisions of Hong Kong's takeover laws. The Hong Kong code stipulates that investors buying 35% or more of a company or together with another party must make a general offer for all outstanding shares. Two Fung family trusts sold 33.2% of the Sung Hung shares to Allied at a price 19% above the previous close. Prices plummeted after the deal was announced, leaving minority investors outraged.

Laws, regulations and rules, Investments, Column, Securities industry, Securities, Fung, Tony, Sung Hung Kai and Co.

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Is Oman an omen?

Article Abstract:

Emerging-markets fund managers are looking outside of Southeast Asia now in search of higher profits like those the Asean region once yielded. Popular picks include Egypt, Russia, Turkey, and India. Overall investment in emerging markets fell from $62.4 billion in 1993 to $40 billion in 1994. But as the Pacific Rim portion fell from $40 billion to $15 billion, and Latin America's from $20 billion to $15 billion, elsewhere it rose from $2.2 billion to $10 billion. Mexico's recent plunge may warn investors away.

Analysis, Foreign investments, Economic aspects, International aspects, Stock-exchange, Stock exchanges, Developing countries

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Let them eat linguini: Hong Kong's Chinese restaurants suffer a slump

Article Abstract:

Hong Kong's Chinese restaurants have seen both quality and profitability slip in recent years thanks to a shortage of chefs, rent and wage increases, and reduced consumer spending. The banquet business is also much smaller and most restaurants have not updated their management techniques as non-Chinese ones have. First-quarter 1995 receipts at Chinese establishments were 10.5% lower than for 1990, while every other eating category rose, with bars up the most at 57.2%.

Eating places, Restaurants & Food Service, Food Services and Drinking Places, Bars, saloons, etc., Bars (Drinking establishments), Restaurant industry, Restaurants

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