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Posts on ‘August 5th, 2009’

Hongkong Electric Plans Overseas Growth as Net Falls (Update3)

Aug 5th, 2009
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By John Duce, Bloomberg Aug. 5 — Hongkong Electric Holdings Ltd., controlled by billionaire Li Ka-Shing, plans to expand overseas after a government agreement in the city limiting returns led to a decline in first-half profit. Net income fell 16 percent to HK$2.67 billion ($345 million) from a year earlier, the company said in a [...]