Northern Europe private equity firm EQT Partners has acquired a majority stake in Hong Kong-based immigration compliance and credential verification service provider Dataflow from its founders, according to an announcement made by EQT. Specific terms of the investment were not disclosed. But the founders and management team of Dataflow will remain significant minority shareholders after […]

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San Diego-based wireless telecommunications firm Qualcomm Incorporated says it has made a commitment to invest up to US$150 million in Chinese start-up companies across all stages, according to a company announcement. Qualcomm will invest in Chinese companies that further the development of mobile technologies in the Internet, e-commerce, semi-conductor, education and health. Qualcomm Ventures, the […]

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Hong Kong-based Chinese pork producer WH Group Ltd. has priced its Hong Kong initial public offering, planning to sell 2.6 billion shares at HK$6.20 apiece to raise a total of HK$15.9 billion (US$2 billion), according to a securities filing of the company. The IPO size is significantly lower than its original target of over US$5 […]

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San Francisco-based cloud and mobile commerce firm Deem says it has completed a US$50 million new round of financing led by China-focused middle-market private equity firm Hony Capital, according to an announcement made by Deem. Deem says it will use the funds to accelerate its network growth, expand its businesses globally and make acquisitions. The […]

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The Electrical & Mechanical Services Department has taken prosecution action against registered lift contractor Ben Fung Machineries & Engineering and a registered lift worker for failing to ensure lift works were conducted properly and safely.

On January 26 a lift in Waterside Plaza, Tsuen Wan, had a fault and the management called the contractor for an inspection.

During the inspection the lift was damaged after ascending too high and hitting the ceiling slab of the lift shaft. No one was injured.

The department tested the lift's safety system and found no abnormality. Evidence suggested that proper inspection and maintenance procedures were not followed and human error was involved.

The Police website's homepage has a new design that makes it easier for visitors to find the information they need.

The redesigned homepage launched today, with modified auto-rolling banners at the top of the page that have clearer content icons. Two more icons, 'Highlights in 2014' and 'Press Release', have been added to the centre message area.

A small window containing links to Police hotlines and police station addresses has been moved to the top right hand corner.