HONG KONG: BEFORE THE OPEN, 10Jun2013

Tycoon Chen Yu-tung kicks off activity this week gaining approval to list New World’s hotel trust. MTR fees on the rise, Chinalco is taking 9 assets to market to boost cash flow, Sany Heavy under fraud claims and China will offer 23bio Yuan Bonds in HK in 2013. Finally, HK says goodbye to “the real” giant rubber duck. Good luck this week!

Don’t leave! Those mainland ducks mean nothing! We can change! 

Sany Heavy (631 HK, 600031 CH) to be hit by FRAUD claims

Sany Heavy Industry, a leading construction equipment maker, denied media reports that it inflated sales by more than 400 million yuan (HK$506.27 million). The company, together with archrival Zoomlion Heavy Industry Science and Technology (1157), is accused of forging revenue figures amid an industry slowdown. Read More, The Standard