BANGKOK — DASTA, the government agency which aims to develop sustainable tourism in Thailand, is seeking to promote the region of Sukhothai, Si Satchanalai and Kamphaeng Phet in becoming a hub for cultural and heritage tourism in Asia, and a destination which will attract a greater number of higher-quality, foreign tourists to its magnificent sites, while enhancing the regional economy and local standards of living. Col. Dr Narikatipak Saengsanit, DASTA’s Director-General, laid out his agency’s plans to transform Sukhothai and the Associated Towns parks into the heritage destination in Asia, highlighting the unique and stunning qualities of the region’s many archaeological…
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BANGKOK — Twenty-six years after its World Heritage listing, the ‘Historical Town of Sukhothai and Associated Historic Towns’ has become an archaeological site of national significance, frequented by tourists who are drawn by the glorious past of the Sukhothai kingdom and the majestic, eternal beauty and charm of the Siamese arts. Visitors are guaranteed indulgence in the ultimate experience of the first capital city of Siam. Visiting this gorgeous World Heritage Site, tourists can delve into the past, learn more about the origin of Thai civilisation and gain hands-on experience in, and direct exposure to, historical records, architectural and painting works…
– Gross Profit Margin Reached Approximately 45.1% ; Net Profit Amounted to RMB145 Million – Constantly revitalizing operating performance; Actively respond to structural adjustments HONG KONG — The largest branded intimate wear enterprise in China, Cosmo Lady (China) Holdings Company Limited (“Cosmo Lady” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2298), today announced its interim results for the six months ended 30 June 2017 (the “period under review”). During the period under review, the weak retail sentiment in mainland China and intense market competition, together with the structural adjustments encountered by the intimate wear industry in respect…
HONG KONG — Huarong International Financial Holdings Limited (“HRIF”) (993.HK), is one of a few HK-listed companies to achieve outstanding earnings results with over 100% growth in net profit for four consecutive half-year results. Its significant profitability expansion in 1H2017 further demonstrates the great investment value of the Company and may give more upside potential for its share price. During the Period, benefiting from the brand effect and business synergy of “China Huarong”, HRIF expanded its business rapidly, and again recognized a significant growth of the results. During the Period, the core business revenues surged by 108.3% year-on-year to approximately HK$1.16…
Japan: 2017 Food Expo Partner Country HONG KONG — Organised by the Hong Kong Trade Development Council (HKTDC), four concurrent fairs opened today at the Hong Kong Convention and Exhibition Centre (HKCEC): the 28th Food Expo, the fourth Home Delights Expo, the second Beauty & Wellness Expo, and the ninth Hong Kong International Tea Fair. The two-day International Conference of the Modernization of Chinese Medicine & Health Products (ICMCM), which is jointly organised with the Modernized Chinese Medicine International Association Ltd (MCMIA), also opened today. Together, the fairs gather a record of more than 2,000 exhibitors from 29 countries and regions,…
– Opens dialogue with the Grand Duchy of Luxembourg in China under the Belt and Road Initiative – Uncovers financing opportunities in Luxembourg, a bridge to Europe’s capital markets HONG KONG — HMV Digital China Group Ltd (HKE: 8078), a leader in the entertainment industry with a complete vertically integrated business chain, is pleased to announce that a dialogue between the Grand Duchy of Luxembourg and the Group has been initiated. On 17 August, the HMV Group, led by Mr. Stephen Shiu Jr., Chairman, with the collaboration of Growing Capital Group, met the Minister Counsellor – Deputy Head of Mission, Mr.…
HONG KONG — The Board of Joy City Property Limited (“Joy City” or the “Company”, SEHK stock code: 00207) is pleased to announce that the Company has established an offshore fund and an onshore fund (collectively, the “PE Fund”) with a number of well-known institutional investors, with the aggregate investment of RMB11,400 million (equivalent to approximately HK$13,110 million). Pursuant to the Framework Agreement, the aggregate investment will be RMB6,270 million (equivalent to approximately HK$7,202 million) in relation to the offshore fund, of which the aggregate commitment of the Company will be RMB2,280 million (equivalent to approximately HK$2,619 million), representing 36.36% of…
HONG KONG — Minsheng Education Group Company Limited (“Minsheng Education” or the “Group”; Stock code: 1569) has been selected as a constituent stock of 1) Hang Seng Composite Index and its subdivision of SmallCap Index, 2) Hang Seng Stock Connect Hong Kong Index, 3) Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, 4) Hang Seng Stock Connect Hong Kong SmallCap Index, and 5) Hang Seng Consumer Goods & Services Index by the Hang Seng Indexes Company Limited, with effect on 4 September 2017. Minsheng Education has been listed on the Main Board of the Hong Kong Stock Exchange on…
BSD City, INDONESIA — The GAIKINDO Indonesia International Auto Show (GIIAS 2017), Indonesia’s premiere international automotive event, opened the doors to a 25th anniversary edition on Thursday, August 10. Endorsed by OICA (International Organization of Motor Vehicle Manufacturers) and organized by GAIKINDO (Association of Indonesian Automotive Industries), GIIAS 2017 runs from August 10 – 20 at the Indonesia Convention Exhibition (ICE) in BSD City, near Jakarta. GIIAS 2017 is presenting the latest range of vehicles, products and technologies from the Indonesian, and international, automotive industries. With “Rise of the Future Mobility” as its theme, GIIAS 2017 embodies the spirit of GAIKINDO…
BANGKOK — SET-listed digital finance firm Group Lease Public Company Limited (“GL”; SET: GL) has reported a 337.69 million baht net profit in the second quarter this year, up 31.70% from the same period last year, representing the 11th consecutive quarter of new record-high profits. “The Q2/2017 profits have resulted from steady improvements in all the markets in which we operate,” stated Mr. Tatsuya Konoshita, chairman of GL’s executive committee. GL’s corporate footprint now covers a total of seven Asian markets, including its home base in Thailand, neighboring Cambodia, Laos, Myanmar, Singapore, Indonesia and Sri Lanka. In an official filing with…
Building a New Corporate Image & Promoting the China Aerospace-Themed Tourism Township Project HONG KONG — The Board of China Household Holdings Limited (“China Household” or the “Group”; Stock Code: 692) announced today a proposition to change the name of the company from “China Household Holdings Limited” to “Shenzhou Space Park Group Limited” (“Shenzhou Space Park”), and its Chinese name from “China Household Holdings Limited” to “Shenzhou Space Park Group Limited” in order to better reflect its new business nature, to build up a new corporate image and to promote the development of the China Aerospace-Themed Tourism Township Project. The proposed…
HONG KONG — Kingston Financial Group Limited (1031) announced that the Group has been included as a constituent of the Hang Seng Composite LargeCap & MidCap Index with effect from 4 September 2017 (Monday). The listed companies included in Hang Seng Composite LargeCap & MidCap Index are representative corporations in the Hong Kong stock market. The constituent companies have to meet the criteria on market capitalization, turnover, business performance and financial position. The inclusion in Hang Seng Composite LargeCap & MidCap Index reflects the solid foundation and high potential of Kingston Financial Group. The Board of Kingston Financial Group stated, “The…
New World Class Facility in Ke Chuang Focused on Capturing Cloud Era Business Opportunities HONG KONG — CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), announced that its subsidiary, China Enterprise ICT Solutions Limited (“China Entercom”), has launched a new cloud data center in Ke Chuang, located in Beijing’s high-tech town of Yizhuang. This new data center marks an important step in CITIC Telecom CPC’s plans to reinforce its cloud data center strategy by leveraging its subsidiary to achieve an integrated data center system. It also serves as a milestone…
Global Growth Driven by Cordless Product Innovations and Continued Strong Performance in our Power Equipment Business; Revenue Increases 7.3% and Profit Increases 15.5% HONG KONG — Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI”/ The TTI Group) (stock code: 669, ADR symbol: TTNDY) reported another set of record results in the first half of 2017 on strong revenue growth and excellent operational productivity. Revenue, gross profit and net income all reached record levels for the period. Revenues grew 7.3% to US$2.9 billion and 8.1% before currency adjustment. Net profit margins improved by 50 basis points…
Profit for Period Reaches RMB1.211 Billion, Core Profit Surges 106% to RMB939 Million Gross Profit Margin Increases Significantly by 5 Percentage Points to 31% HONG KONG — China SCE Property Holdings Limited (“China SCE” or the “Group”) (stock code: 1966), announced its interim results for the six months ended 30 June 2017 (“the period under review”). For the period under review, the Group’s sales income was approximately RMB8.2 billion, representing year-on-year growth of 41%; gross profit was approximately RMB2.505 billion, representing year-on-year growth of 68%; and gross profit margin increased 5 percentage points to 30.7%. The increase in gross profit margin…
Cultivating Talent and Creating a Brighter future for the industry HONG KONG — Perfect Group International Holdings Ltd (“Perfect Group”, together with its subsidiaries, the “Group”) (Stock code: 3326), a leading wholesaler and manufacturer of premium jewelries in Hong Kong, is pleased to announce that the Chairman and CEO of the Group, Mr. Kan Kin Kwong becomes the President of the Hong Kong Gold & Silver Ornament Workers and Merchants General Union (the “Union”), and will continue contributing to the long-term development of Hong Kong jewelry industry. Hong Kong Gold & Silver Ornament Workers and Merchants General Union was established in…
SINGAPORE — Singapore eDevelopment Ltd (SeD; SGX:SGE) has announced that its indirect subsidiary, Global BioLife Inc., is collaborating with U.S.-based Chemia Corporation to develop specialised fragrances which can counter mosquito-borne diseases, diminish stress and anxiety, and act in anti-viral medical applications. 3F (Functional Fragrance Formulation) is a suite of functional fragrances being developed. The first product, 3F Mosquito, is made of specialised oils sourced from botanicals which mosquitoes avoid. 3F Mosquito was designed with an objective to identify, then create a suitable formula that was pleasant, yet excels in providing layers of protection against mosquitoes. Daryl Thompson, Global BioLife Director of…
– Distributable Income up 7.5%, Distribution per Unit up 7.2% – The office portfolio continued to see positive rental reversion – Proactive liability management – raised fixed rate debt proportion to 50% HONG KONG — Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2017. Overview For the first half of 2017, Champion REIT recorded solid growth in rental income and distribution per unit of 5.3% and 7.2% year-on-year respectively. The growth was driven mainly by positive rental reversion in the Trust’s…
Expands Health Food Business Leveraging Advanced Japanese Technology HONG KONG — PuraPharm Corporation Limited (“PuraPharm” or the “Group”, HKEX: 1498), a leading Hong Kong-based Chinese medicine company, has announced that it entered into share purchase agreements through its Japanese subsidiary to acquire SODX Co., Ltd. (“SODX”), a Japan-based company that principally engages in the manufacturing and sale of health food in Japan, at a total consideration of JPY244.0 million (equivalent to approximately HK$17.1 million). Upon completion of the acquisition, SODX will become an indirect wholly-owned subsidiary of the Group. Based in Izumi City, Osaka, Japan, SODX is certified by the Japanese…
HONG KONG — Flying Financial Service Holdings Limited (“Flying Financial” or “Company” and its subsidiary companies called “Group”; Stock Code: 8030.HK) was pleased to announce the unaudited condensed consolidated results of the Group for the six months ended 30 June 2017 ( “Reporting period”). During the reporting period, the Company’s performance improved steadily, the revenue increased by approximately 31.6% compared with 2016 to approximately RMB190.3 million, the increase in the revenue was mainly due to the contribution of investment income from the property development projects through limited partnerships; Profit attributable to owners of the Company was approximately RMB75.7 million as compared…