In Brief

Dairy giant eyes hubei

Inner Mongolia Yili Industrial Group, China's biggest dairy products maker, plans to spend 579.8 million yuan on facilities to process milk, ice cream and yogurt in Hubei province in central China, the company said in a statement yesterday.

shun tak floor for sale

US investment fund GRA is selling an office floor in Shun Tak Centre East Tower for about $200 million - $7,741 per square foot - more than double its investment of $98.17 million six years ago when it paid $3,800 per square foot.

pccw, star mull venture

PCCW and Rupert Murdoch's Star satellite television business are exploring the possibility of setting up an Asian internet-based pay-television business.