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Hong Kong © 2015 albert-learning.com Hong Kong
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© 2015 albert-learning.com Hong Kong tycoon faces Macau corruption trial A Hong Kong tycoon is facing prosecution for alleged bribery and money laundering in connection with a government land sale on the Cotai casino strip in Macau, his company said. In the latest corruption scandal to hit Hong Kong's business elite, Chinese Estates Holdings said its chief executive Joseph Lau denied attempting to bribe a jailed former senior official over the land tender. Lau, 61, is ranked fifth on Forbes magazine's list of richest people in Hong Kong, Asia's banking and financial centre, with a fortune estimated at $6.5 billion. Lau denied the allegations at Ao's trial in April. The former official is already serving a jail sentence for accepting bribes to approve projects. He has been accused of helping companies run by Lau and businessman Steven Lo to win a government tender for five plots near Macau International Airport. "It is quite certain the court case would hurt the reputation of Chinese Estates, putting pressure on the share price," Core-Pacific Yamaichi International analyst Castor Pang told Dow Jones Newswires. Shares in Chinese Estates Holdings fell 7.43 percent to HK$9.09 on Friday, following a suspension the previous day pending the company's announcement on the Macau case. News
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Hong Kong © 2015 albert-learning.com Prosecution: The institution and conducting of legal proceedings against someone in respect of a criminal charge. Tender: An offer to carry out work, supply goods, or buy land, shares, or another asset at a stated fixed price. Money laundering: Concealing the source of illegally gotten money. Bilingual: Speaking two languages fluently. Appease: Relieve or satisfy (a demand or a feeling) Vocabulary
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Hong Kong © 2015 albert-learning.com General Facts on Hong Kong City name: Hong Kong means Fragrant Harbor Population: 6.8millions, 94% Chinese Language Spoken: Cantonese & English Currency: Hong Kong dollar(HKD) Bilingual Street Signs New Attraction: Hong Kong Disneyland Traditional Festivals: Dragon Boat Festival
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Hong Kong © 2015 albert-learning.com Only in Hong Kong Two wedding ceremonies are observed by people who get married in Hong Kong. The first is the official signing of the register and the second comprises of the banquet A bun festival is organized on Cheung Chau Island, between April and May, every year. It is intended to appease the hungry ghosts roaming around the island. In Hong Kong, people eat long noodles on their birthday, so they might be blessed with a long life.
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Hong Kong © 2015 albert-learning.com Reasons to Visit Hong Kong Dining Heritage/Culture Nature Shopping
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Hong Kong © 2015 albert-learning.com 1.Hong Kong has a population of more than 7 million people occupying a small mass of land, making it one of the most densely packed areas in the world. 2. Numerology guides the daily activities of Hong Kong Chinese. Lucky numbers are 2, 3, 6, 8, and 9, while 1, 4, and 7 are avoided like the plague. 3. The Tsing Ma Bridge, which travelers pass by coming from the airport to the city, is the world’s longest road and rail suspension bridge. 4. There are more skyscrapers in Hong Kong than in any other city in the world. 5. Seven out of ten people take buses in Hong Kong while 35% take the cab ever Some interesting facts about Hong Kong
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Hong Kong © 2015 albert-learning.com Reviewed By Reviewed On Comments / Changes Made Vidyesh14.09.2015N.A.
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