Author: Marie Jones

Profit for the Year Reaches RMB106.6 Million; Achieves Production and Reserve Growth; Panzhuang Concession Entered Production Phase on 1 November 2016 HONG KONG — AAG Energy Holdings Limited (“AAG Energy” or the “Group”; HKEX stock code: 2686), the leading independent coalbed methane (“CBM”) producer in China, announced its annual results for the year ended 31 December 2016. Profit for the year was RMB 106.6 million. In 2016, the Chinese economy grew at a slower pace while the global oil and gas market remained destressed. Despite the challenges faced, the Group continued to stay focused on production increase, cost control and new…

City of Dreams Drops Hard Rock Hotel to Unveil “The Countdown” HONG KONG — Melco Resorts & Entertainment Limited (NASDAQ: MPEL – to be changed to MLCO) (“Melco Resorts & Entertainment” or the “Company” or “we”), a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, announced today that its flagship resort, City of Dreams, will rebrand the existing Hard Rock Hotel. The Hotel will be operated under the name “The Countdown” from July 2017 until March 31, 2018. The Countdown Hotel will celebrate the great achievements of City of Dreams, inviting guests to discover the resort’s…

– Revenue Surges 38%, Net Profit Margin 30.1% HONG KONG — The pioneer integrated service developer in planning, investment development and operation of large-scale industrial towns in China, China VAST Industrial Urban Development Company Limited (“China VAST” or the “Group”, HKG: 6166), announced its unaudited annual results for the year ended 31 December 2016. Revenue of the Group for the year ended 31 December 2016 amounted to RMB1,965.2 million, representing an increase of 38.0%. The increase was mainly due to the revenue arising from the expansion of the Group’s land development business. The income from properties sales increased at the same…

Jakarta and Singapore — PT Intiland Development Tbk, a leading property developer in Indonesia, and GIC, Singapore’s sovereign wealth fund, have formed a 60-40 joint venture that owns and manages the integrated mixed-use complex, South Quarter. This collaboration follows the signing of a joint venture agreement in November 2016[1]. South Quarter is a favoured office location for many multinational companies and was awarded Best Office Architectural Design at the 2016 South East Asia Property Awards. It also attained Gold Certification – Design Recognition from the Green Building Council Indonesia (GBCI). The South Quarter complex occupies 7.2 hectares in the TB Simatupang…

HONG KONG – Ground International Development Limited (“Ground International,” together with its subsidiaries the “Group”) has announced on 31 March 2017, that it has respectively entered into a memorandum of understanding (“MOU”) with Jiangxi Shengshuitang Cultural Tourism Development Company Limited (“Jiangxi Shengshuitang”) in relation to the establishment of a joint venture company (“JV Company”), and has also signed an MOU with Changchun City Ouya Shenlongwan Tourism Limited Liability Company (“Target Company”) in relation to a proposed capital injection to the Target Company. The Group targets to accelerate the pace of development and further expand its cultural tourism business. The Group…

– KuangChi Science’s net profit reached 664 million, representing nearly 2100% increase yoy – The Group will further enhance its product mixes with comprehensive services and solutions aiming to create future smart cities HONG KONG — KuangChi Science Limited (“KuangChi Science” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 439), a company with disruptive technologies focusing on the future technology in the PRC, is pleased to announce the interim results for the year ended 31 December 2016 (“the Year”). During the Year, benefited from the gain on the investments of the Group and the growth of the…

HONG KONG – Claes Nobel, a senior member of the family of Alfred Nobel, the founder of the Nobel Prize, and Chairman of The National Society of High School Scholars (NSHSS), together with James Lewis, President of NSHSS, have visited K. Wah Group headquarters in Hong Kong. There, they met with Dr Lui Che-woo, Chairman of K. Wah Group and Founder & Chairman of the Board of Governors cum Prize Council of the LUI Che Woo Prize – Prize for World Civilisation, as well as the Board of Governors of the Prize. Dr Lui and Mr Nobel exchanged views on…

– Towards the Automotive Future through GIIAS 2017 JAKARTA, INDONESIA — The GAIKINDO Indonesia International Auto Show (GIIAS), enthusiastically received by Indonesian industry and automobile lovers alike as a fully international automotive exhibition in 2015 and 2016, returns to the Indonesia Convention Exhibition (ICE), BSD City Tangerang on the 10th-20th August for GIIAS 2017. With the theme being “Rise of the Future Mobility”, GIIAS 2017, the 25th GAIKINDO automotive exhibition, is an automotive event that demonstrates the spirit and commitment of GAIKINDO in developing and preparing the Indonesian automotive industry for the future. Yohannes Nangoi, Chairman of GAIKINDO, said, “GAIKINDO has…

HONG KONG – C.banner International Holdings Limited (C.banner; stock code: 1028), the leading international integrated retailer and mid-to-premium footwear brand in China, today announced its annual results for the year ended 31 December 2016. The year of 2016 was a challenging year for the footwear industry mainly due to stagnant global economic growth coupled with weak growth and subdued inflation rate of major advanced economies. However, with C.banner’s strong presence in the footwear business in China, the company is well positioned to benefit from the continuous stable economic growth of China and a wide range of initiatives and policies taken…

Net Profit Recorded Significant Increase By 48.3%; Consolidated its Leading Position in the PRC Aircraft Leasing Industry HONG KONG — China Development Bank Financial Leasing Co., Ltd (“CDB Leasing” or the “Company”, stock code: 1606) is pleased to announce the audited consolidated annual results of the Company and its subsidiaries (collectively, the “Group”) for the year ended 31 December, 2016 (the “Period”). Financial Highlights： – Total revenue and other income amounted to RMB 11,440.8 million, increased by 4.2% compared with last year. – Profit before income tax amounted to RMB 2,067.7 million, increased by 59.1% compared with same period of last…

Core Business Steadily Increased; Concrete progress for Internationalization HONG KONG — Luye Pharma Group Ltd. (the “Company”, together with its subsidiaries, “Luye”, stock code: 2186.HK), a leading innovative pharmaceutical company in China with strong R&D capability and a global vision, announced on 29 March its annual results for the year ended 31 December 2016. In the year under review, Luye recorded continuous and steady growth in both revenue and net profit. Revenue increased by 13.8% year-on-year to RMB2,918 million; consolidated net income attributed to owners of the company amounted to RMB892 million, representing a 18.2% year-on-year increase. The year 2016 saw…

HONG KONG — SMIT Holdings Limited (“SMIT” or the “Company” together with its subsidiaries, the “Group”; HKE:2239), a leading global CAM supplier and major mPOS supplier in China, has signed a memorandum of understanding (“MOU”) to enter Series A finance as the lead investor in Mainsweb Technology (Shenzhen) Company Limited (“Mainsweb”). The deal opens the cross-border e-commerce market and O2O smart terminal business, and offers the development opportunities presented by overseas online shopping. The unique operating model also provides solutions for retailers facing the challenges posed by the intense competition from online shopping. Mainsweb has developed eb56.com for overseas suppliers and,…

Bolsters Operations amidst Recovery of Crude Oil Price; Strategic Three-Year Development Plan in Place to Unleash Full Inventory Potential HONG KONG — Persta Resources Inc. (“Persta Resources” or the “Company”, stock code: 3395), a Calgary-based energy company principally engaged in natural gas and crude oil exploration and production in Western Canadian Sedimentary Basin (“WCSB”), with a focus on natural gas, announced its first annual results for the year ended 31 December 2016 (“FY2016”) since its listing on the Main Board of The Stock Exchange of Hong Kong Limited on 10 March 2017. Financial and Operating Highlights – Full-year revenue grew by…

– Strive for Innovation and Transformation in Development during the Past Decade – Persist in Value-driven Principle to Enhance Efficiency – Distribute Special Dividend to Increase Shareholders’ Return HONG KONG — China Communications Services Corporation Limited (“China Comservice” or the “Company”), and its subsidiaries (the “Group”) (HKSE code: 552), today announced its audited annual results for the year ended 31 December 2016. Enhanced Operating Performance In 2016, facing the slow recovery of global economy and the “New Normal” in the economic development of China, the Group stayed vigilant and made innovative breakthroughs, and achieved satisfactory operating results through further market expansion…

Cross-border asset management and investment platform makes remarkable progress with total fundraising up 79% to HK$87.5 billion HONG KONG — China Everbright Limited (“CEL” or “the Group”, 165.HK) today announced its audited annual results for the year ended 31 December 2016. CEL made substantial progress in 2016 in all areas of its business, primarily by expediting plans to enter new industry sectors, actively promoting overseas investments, and leveraging the strength of its domestic and foreign financing platforms. During the reporting period, CEL posted operating income of HK$2.17 billion, up 2% compared with last year. Other net income, derived mainly from investment…

Great Increase in the Sales Volume of Raw Milk and Import Trading Business; Revenue Increased by 99.1% HONG KONG — China ZhongDi Dairy Holdings Company Limited (“ZhongDi Dairy” or the “Company” ) (stock code: 1492.HK) and its subsidiary companies (collectively referred to as the”Group”) is pleased to announce the results for the year ended 31 December 2016 (the “Reporting Period”). The Group mainly operates two major businesses, dairy farming business and import trading business. In the reporting period, the Group’s revenue was RMB 961.9 million as compared to RMB 483.1 million for the year ended 31 December 2015, representing a year-on-year…

HONG KONG — Hua Hong Semiconductor Limited (“Hua Hong Semiconductor” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1347.HK), a global leading pure-play 200mm foundry, today announced that its power discrete platform has crossed the shipment mark of 5-million wafers. Thanks to the strong market demand for Super Junction MOSFET (“SJNFET”) and IGBT, Hua Hong Semiconductor has so far delivered 200,000 wafers of its unique and competitive vertical trench SJNFET and 30,000 wafers of Field Stop (“FS”) IGBT, which are still increasing rapidly. Power discrete that plays a more and more instrumental role in such areas as mobile…

Revenue Amounts to RMB224.1 Billion; Contracted Sales from International Business Soar 40% HONG KONG — The world’s largest supplier of rail transit equipment with the most complete product lines and leading technologies, CRRC Corporation Limited (“CRRC” or the “Company”, HK.1766), today announced its annual results for the period ended 31 December 2016 (the “year under review”). During the year under review, as the largest rail transportation equipment supplier worldwide, CRRC actively adapted to the ever-changing market environment and rose to market challenges. Through transformation, upgrades, reform and development, the Company made well-targeted efforts in market expansion, international operation, technical innovation and…

Turnover Increases by 31.3% to HK$2.5 Billion; Profit Attributable to Owners of the Company Reaches HK$192 Million HONG KONG — Neo Telemedia Limited (“Neo Telemedia” or the “Company;” stock code: 8167, together with its subsidiaries, the “Group”) is pleased to announce its annual results for the year ended 31 December 2016. The Group continued to seize the opportunities presented by the Internet and big data era. Riding on the momentum from the acquisitions of Guangdong Bluesea Mobile Development Company Limited (“Bluesea Mobile”) and Million Ace Limited and its subsidiaries (collectively referred to as “Million Ace Group”) in 2015, the Group recorded…

Strategic Focus on Three Sectors and Overseas, coupled with efficient “Post-investment Management + Services”, Boosting the Value of Sustained Release HONG KONG — Legend Holdings Corporation (“Legend Holdings” or the “Company”; HK:3396) is pleased to announce the audited annual results of the Company and its subsidiaries for the year ended December 31, 2016 (the “Reporting Year”). – Combined revenue was RMB307 billion, of which revenue from continuing operations was RMB294.7 billion. – Net profit attributable to equity holders of the Company was RMB4,859 million, an increase of 4.3% compared with last corresponding year; of which, net profit from continuing operations attributable…