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Huawei delays sale of Mate 30 smartphones in Europe as trade ban bars access to Google apps, services

Huawei Technologies will delay sales of its newly launched Mate 30 smartphone series in Europe, the company’s biggest market outside China, because the handsets have no access to Google apps and services under a US trade ban.The new flagship line – comprising 4G and 5G versions of the Mate 30 and the Mate 30 Pro – will start pre-orders in mainland China next week and will be available in Southeast Asia sometime next month, according to a Huawei spokesman late on Thursday after the product’s… Source link

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Vietnam 

Co.op Food opens four new stores, reaching over 400 points of sale – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Co.op Food store in HCM City. Co.op Food is opening four new stores this weekend, raisng its total number of stores under the Co.op Food mini supermarket chain nationwide to over 400. — Photo courtesy of Saigon Co.op HCM CITY — The Co.op Food store chain under Saigon Co.op will open four new stores this weekend in Cần  Thơ, Bình Dương, Long An and Hà Nội, raising the total number of its stores to over 400 after more than 10 years in the Vietnamese consumer goods market. Co.op…

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Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale

The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest.“Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company.The… Source link

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HNA’s cash pile shrinks 20 times faster than debt as the progress of the conglomerate’s asset sale drags on

HNA Group’s cash pile shrank 20 times faster than its debts, indicating that pressure is building for one of China’s most indebted conglomerates to speed up asset sales.Cash, equivalents and short-term investments as of the end of June tumbled 61 per cent from a year earlier, according to data derived from the Hainan-based Chinese group’s interim report released on Friday. By comparison, total debt fell 3 per cent.The figures illustrate how HNA’s liquidity challenges persist more than a year… Source link

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Got US$95 million? Bahamas’ largest private island with its own private jet landing strip is on sale

If you have US$95 million (HK$745.3 million) to spare, would you rather buy an 8,000 square feet luxury mansion at the billionaire’s row on The Peak or a 700-acre private island in the Bahamas that has its own jet landing strip and gives you permanent residency? It’s a difficult choice. But Blue Island in the Exuma Cays, famed for their sapphire-blue waters and ultra-exclusive resorts, is on the market, making it one of the most expensive privately owned islands in the world. It is also the… Source link

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Singapore 

Nassim Road condo up for sale en bloc at $223m reserve price, Singapore News

SINGAPORE – A prime District 10 freehold condominium, Beaufort On Nassim, has been launched for collective sale by tender at a minimum expected price of $222.68 million, real estate services firm Savills Singapore announced on Wednesday (Aug 28). The price tag translates to a unit land rate of $3,508 per sq ft per plot ratio (psf ppr). Completed in 2008, the four-storey development on 12 Nassim Road occupies a site of about 4,212.6 sq m or 45,344 sq ft. The 30-unit condominium comprises two- and three-bedroom apartments, as well as penthouses…

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Property 

Sun Hung Kai among top Hong Kong developers defying sour sentiment to bid for smallest plot government has put on sale since 2014

Top Hong Kong developer Sun Hung Kai Properties is among companies in the running for the smallest plot of land – as big as just two-and-a-half basketball courts – the government has put on sale since 2014.Eighteen bids have been submitted for the plot, at the junction of King Sau Lane and King Fung Path in Tuen Mun, despite dampened market sentiment, the Lands Department said on Friday.The other developers in the fray, the South China Morning Post has learned, include Sino Land, K Wah… Source link

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Money 

Huaxia Life is in talks for a sale to Ping An, as Chinese regulators pick apart the financial empire of missing tycoon Xiao Jianhua

Ping An Insurance (Group), China’s biggest insurer by value, is in talks to buy Huaxia Life Insurance from missing Chinese financier Xiao Jianhua, according to several sources familiar with the matter.Talks between the two parties had gone on in fits and starts for several months since last year, stalling over the asking price of Huaxia, which claims to have 500 billion yuan (US$71 billion) in assets, with half a million employees in 24 nationwide branches, according to the sources.The talks… Source link

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HMV liquidation sale: massive discounts see hundreds queuing up to buy vinyl records, CDs, toys and more

Hundreds of people showed up much before the start of HMV’s liquidation sale on Thursday morning, eager to get their hands on heavily discounted items.HMV’s two-week long liquidation sale, the largest for a collapsed retailer in Hong Kong for a decade, started at 11am at W Square in Wan Chai. More than 100,000 CDs, DVDs, vinyl records, toys, iPhones and headphones are available at discounts ranging from 50 to 90 per cent.Alex Fasso, a music lover, was among the first customers who patiently… Source link

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CK Asset postpones sale of luxury flats estimated to cost more than US$12.7 million citing social turmoil

CK Asset Holdings, the second largest developer by market value in Hong Kong, has become the latest builder to defer the sale of its luxury residential project, as 10 weeks of social turmoil has severely hurt consumer sentiment.The as-yet unnamed project at 21 Borrett Road, in Mid-Levels, was originally expected to be released for sale this month.Executive director Justin Chiu Kwok-hung said on Tuesday that the group had decided to postpone the sale of the luxury flats that would cost more than… Source link

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