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! 

Chinalco (2600 HK, 601600 CH) to sell 9 units for US$1.3bio

Suntech sells assets to make up loss at unit

SUNTECH Power Holdings Co agreed to sell a project and discounted panels worth a total of nearly 93 million yuan (US$15.2 million) as it tries to make up the loss at its bankrupt solar manufacturing unit, Wuxi Suntech, as well as calm angry creditors. Read More, Shanghai Daily