HONG KONG NEWSPAPER HIGHLIGHTS - JUNE 8, 2009.

HONG KONG, June 8 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- Gome Electrical Appliances Holding (SEHK: 0493), the mainland's top home appliance retailer, is expected to announce the sale of a stake to US private equity investment giant Bain Capital as early as this week, according to sources.

- The government will consult the market before proposing changes to Companies Ordinance rules covering the practice of "share splitting" by companies listed on the Hong Kong stock market.

- Bawang International, a mainland herbal shampoo manufacturer and retailer, plans to meet investors today for its US$250 million initial public offering slated for early next month.

- Mainland oil and gas companies are pursuing deals totalling as much as US$12 billion as the push to acquire resources continues apace despite the setback suffered last week by Aluminum Corp of China (SEHK: 2600) (Chinalco) in the mainland's largest resource deal to date.

- China Minsheng Banking Corp will restart its Hong Kong initial public offering plan to strengthen its capital adequacy and profitability.