1. China Mobile will use the money to help finance the purchase of cellular properties from its mainland Chinese parent. 2. In the case decided Friday, the boy was born to mainland Chinese parents visiting Hong Kong. 3. Investors have been buying these shares as they bet earnings growth will outpace their Hong Kong counterparts because these Chinese companies can buy assets cheaply from their mainland parents. 4. Investors favored the stocks, betting they would buy assets from their mainland parents on the cheap. 5. The gains came amid optimism the companies are expanding rapidly by buying assets from their mainland parents and in Hong Kong. 6. Traders bet earnings will outgrow their Hong Kong counterparts as they can buy assets on the cheap from their mainland parents. 7. Traders bet their earnings will outpace those at their Hong Kong counterparts as they buy assets at discounts from their mainland parents. 8. Asset injection refers to deals whereby China-backed companies buy businesses from their mainland parents at below-market prices. 9. Asset injections refer to deals where Hong Kong-listed red chips buy assets from their well-connected mainland parents at less than market prices. 10. Kelon has a legacy of debts, complicated financial dealings and unstable management found in many listed Chinese companies that are used as fund-raising vehicles for their mainland parents. |
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