【Five pro-China Legislators automatically elected as new HKU Court members 】
Since the pan-democracy camp boycotted the House Committee, only pro-China legislators were elected as HKU Court members. Abraham Shek (Business and Professionals Alliance), Horace Cheung (DAB), and Regina Ip (New People’s Party) were re-elected, while Vincent Cheng (DAB) and Jimmy Ng (BPA) were elected as new members. Previous members Claudia Mo (HK First) and Ip Kin-yuen (HK Professional Teachers’ Union) were not nominated.
【Five pro-China Legislators automatically elected as new HKU Court members 】
Since the pan-democracy camp boycotted the House Committee, only pro-China legislators were elected as HKU Court members. Abraham Shek (Business and Professionals Alliance), Horace Cheung (DAB), and Regina Ip (New People’s Party) were re-elected, while Vincent Cheng (DAB) and Jimmy Ng (BPA) were elected as new members. Previous members Claudia Mo (HK First) and Ip Kin-yuen (HK Professional Teachers’ Union) were not nominated.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
