Foreign business news in brief


  • Business
  • Tuesday, 01 Jul 2003

HONG KONG: Ports-to-telecoms conglomerate Hutchison Whampoa Ltd, controlled by Asia's richest tycoon, Li Ka-shing, launched yesterday a 10-year, one billion euros bond deal, banking and company sources said. 

“There's no fixed date for pricing of the deal but it could be as early as tomorrow,” a source said. HSBC is the sole book-runner for the transaction. – Reuters 

 

 

SYDNEY: Gaming machine group Aristocrat Leisure Ltd said it has been served with a statement of claim from its former chief executive Des Randall demanding damages in the order of A$12mil and a bonus of A$900,000, plus interest and other alleged entitlements. 

The company would “vigorously contest” the claim, chairman John Ducker said in a statement. – AFX 

 

 

SINGAPORE: Unisteel Technology Ltd said its director and non-executive chairman Wang Jang Chon has resigned after selling his remaining 14.73% stake in the company through a private placement last week. 

Wang had placed 35.299 million shares in Unisteel at 69 Singapore cents per share, the company told the stock exchange. – AFX 

 

 

TOKYO: Japan's All Nippon Airways Co said yesterday it has placed orders with Boeing Co of the United States for forty-five 142-seat Boeing 737-700 jetliners to replace its current narrow-body fleet of 53 aircraft – 26 Airbus A320s, two Boeing 737-400s and 25 Boeing 737-500s – with about seven Boeing 737-700s each year starting from December 2005 through 2010. – dpa 

 

 

TAIPEI: EVA Airways, Taiwan's second largest international carrier, has taken delivery of the first of 10 Airbus A330-200s it has ordered, a company spokesman said. 

The aircraft would serve routes to Japan and South-East Asia, he said. A second A330-200 to be delivered in July would fly the same routes. The new A330-200 has expanded EVA Airways's fleet to 43 aircraft. – AFP  

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