Author: Marie Jones

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…

Moving Forward Steadily for Sustainable Growth with a Solid Foundation and Continuous Innovation HONG KONG — Hengdeli Holdings Limited (“Hengdeli” or the “Company” and, together with its subsidiaries, the “Group”; HKSE: 3389), a world-leading retailer of internationally renowned brand watches and manufacturer of watch accessories, announced its annual results for the year ended 31 December 2016 (“year under review”). In 2016, consumer sentiment has been affected due to the unstable political environments around the globe. Despite the Group’s best efforts, amidst this adverse operating environment, Hengdeli could not counter a decline in sales that were the result of adverse macro conditions…

HONG KONG – During 2016, China’s economy moved to a new normal, with an estimated GDP growth rate of 6.7%. The stable economic operation advanced, which marked a good start of the 13th Five-year Plan period. In the beginning year of supply-side structural reforms, the policies of “addressing overcapacity, reducing inventory, deleveraging, lowering costs, and bolstering areas of weaknesses” received initial success with increasing economic growth factors. After the closing of the two national meetings, the market has been concerned about this year’s economic situation. Among the many industries, automotive industry continues to flourish, extending last year’s strong trend. According…

Insist On Holding And Selling, Rise Overall Strength Continuously HONG KONG — Joy City Property Limited (“Joy City Property” or the “Company”, Stock Code: 0207) announce the consolidated results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2016 (the “Period”). – Total revenue was 6,987 million RMB, increased by 30% YOY – Cash held by the Group amounted to 8,828 million RMB increased by 133% .(2015: 3,796 million RMB) – Gross profit increased by 30% to 3,760 million RMB; Gross profit margin was 53.82%. – Excluding the non-cash income, core net profit increased by 20%…

SINGAPORE – BlackGold Natural Resources Limited refers to the company’s announcement on 24 February 2017 in relation to the receipt of the purchase order for the supply of coal to an Indonesian state-owned company, PT Semen Padang (Cement Padang). The group is pleased to announce that its subsidiary, PT Samantaka Batubara (“PT SB”), has successfully completed its first coal delivery to Cement Padang in relation to the Purchase Order. The Purchase Order from Cement Padang has an approximate value of US$12.6 million and, barring unforeseen circumstances, the Group expects to complete the Purchase Order periodically within the next 10 months.…

Prolonged prenatal ultrasound exposure leads to decreased bone density and strength in young rabbits. Researchers analyzed the effects of ultrasound exposure on baby rabbits and found the rabbits had lower bone density, raising questions about the common use of ultrasounds on pregnant women worldwide. (Copyright: 123rf/Pavel Losevsky) Selangor, Malaysia — Young rabbits exposed to ultrasound during fetal development had weaker thighbones than unexposed rabbits, according to a study published in the Pertanika Journal of Science & Technology. While the finding applies to a relatively small group of test subjects, 142 young rabbits, it raises questions about the rising use of prenatal…

Going Global in Full Gear under the Dual Strategy of “Education Investment Plus Financial Services” HONG KONG — China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269), has announced its annual results for the year ended 31 December 2016. In 2016, the Group recorded revenue of RMB1,479 million, while profit for the year amounted to RMB179 million. Basic earnings per share were RMB0.27. As of the end of 2016, the total assets of the Group was RMB7,266 million, representing a 2.8-times increase compared to the beginning of the year, while net assets were RMB3,036 million, representing a three-times…

PERTH, W. AUSTRALIA – Proteomics International Laboratories Ltd (PILL; ASX:PIQ) is the leader in predictive diagnostics for diabetic kidney disease, according to an independent Frost & Sullivan report released this month. PILL managing director Dr Richard Lipscombe is in Shanghai this week meeting with possible commercialisation partners for China, and was showcasing PromarkerD at the China-Australia Biotech Investment forum in Shanghai today. Dr Lipscombe said the new report, titled Biomarkers Enabling Diabetes and Obesity Management, identifies PromarkerD as the world leader. The report says novel biomarker research is likely to transform the future of obesity and diabetes management. Frost & Sullivan…

Turnover and Profit Reach New Highs Up 61% and 35% Respectively; Diversifies Business Portfolio and Expands Exposure in Asset Management HONG KONG — Differ Group Holding Company Limited (“DFH” or the “Group”) (stock code: 6878), a leading provider of short- to medium-term financing and financing-related solutions in the PRC, has announced another successful year for the Group, with satisfactory annual results for the financial year ended 31 December 2016 (the “Year”). Turnover surged by 61.0% YoY to approximately RMB294.9 million and profit attributable to shareholders soared by 30.6% YoY to approximately RMB135.5 million. Basic earnings per share amounted to approximately RMB3.20…

HONG KONG — Jilin Jiutai Rural Commercial Bank Corporation Limited is pleased to announce its annual results of the Group and its subsidiaries for the 12 months ended 31, December 2016. The Group’s strategic goal is to expand its footprint across all of China and build a leading modern PRC rural commercial banking group with strong brand value. In 2016, Jiutai Rural Commercial Bank experienced rapid growth in both scale of operations and financial performance.This growth is largely attributable to the Group’s success in executing its business strategies, excellent geographic location, business innovation, efficient operations and management capabilities. The Group’s performance…

Tripartite Development of Real Estate Development, Internet Financing and Real Estate Funds HONG KONG — Greenland Hong Kong Holdings Limited (“Greenland Hong Kong” or the “Company”, stock code: 337.HK), a subsidiary of Greenland Holdings Corporation Limited (“Greenland Holdings”), which is a leading global real estate company, announced its annual results for the year ended 31 December 2016 (the “year under review”). The Company recorded total revenue of approximately RMB16,919 million, an increase of 197% year-on-year. Profit for the year attributable to owners of the Company was approximately RMB1,113 million, representing a year-on-year growth of 406%. The Board of Directors proposed a…

HONG KONG — Kunming Dianchi Water Treatment Company Limited (“Dianchi Water Treatment”), the leading municipal wastewater treatment and reclaimed water supply services provider in Yunnan Province, the PRC, targets to go listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited on April 6. Dianchi Water Treatment plans to offer an aggregate of 339,430,000 H shares (comprising 308,572,000 H Shares to be offered by the Company and 30,858,000 Sale Shares to be offered by the Selling Shareholders, subject to the Over-allotment Option), at an offer price range between HK$3.91 per H share and HK$4.70 per…

Net Profit before Biological Fair Value Adjustments Amounts to RMB890 Million; Overall Results Reach New Heights and Segment Profits Increase Generally HONG KONG — COFCO Meat Holdings Limited (“COFCO Meat” or “the Company”, together with its subsidiaries “the Group”; stock code: 01610), a renowned meat producer and operator in China covering the entire industry value chain, has announced its annual results for the year ended 31 December 2016. The decline in China’s sow stock and rising hog price has created a favorable external factor for the Group. Meanwhile, the Group’s steady adherence to its highly effective operating strategies has also boosted…

Gross Profit Margin Rose to Approximately 44.4%; Net Profit Amounted to RMB242 Million; Striving to revitalize the business performance in 2017 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 annual results for the year ended 31 December 2016 (the “year under review”). For the year ended 31 December 2016, the consuming sentiment became more cautious due to the slow development of China’s economy. Besides, structural adjustments started to turn out in the mainland China intimate…

Driven by the Booming Demand in Optical Fibre Cable Market HONG KONG — Nanfang Communication Holdings Limited, (“Nanfang Communication” or the “Company”, stock code: 1617), a well-established optical fibre cable supplier in the PRC, is pleased to announce the annual results of the Company for the year ended 31 December 2016 (the “year”). In 2016, the Company’s total revenue hit a record high by achieving approximately RMB805.9 million (2015: approximately RMB612.6 million), representing an increase of approximately 31.5% over that of last year. In 2016, the Company accomplished profit and total comprehensive income for the year of approximately RMB100.0 million (2015:…

Investment Banking and Investment Management Businesses Achieved Outstanding Performance HONG KONG — GF SECURITIES CO., LTD. (“GF Securities” or the “Company”, stock code: 1776.HK; 000776.SZ) is pleased to announce its annual audited and consolidated results for the year ended December 31, 2016 (the “Reporting Period”). In 2016, the economic situation in the PRC and abroad was complicated and the Chinese economic growth faced continuous downside pressure. Against the backdrop of decrease in the overall capacity and profitability of the securities industry, the Company consistently adhered to the basic principle of “Making Progress While Maintaining Stability” and managed to achieve good results…

SINGAPORE — ALE, operating under the Alcatel-Lucent Enterprise brand, today introduced new Alcatel-Lucent Premium DeskPhones and DECT cordless phones. The new Alcatel-Lucent “s” series Premium DeskPhones include contextual menus for expert business communications, unique search-by-name keyboard for instant communication, built-in Bluetooth in high-end models, and centralized management enabling IT to easily adapt various capabilities and features to suit the organization’s needs. The entire “s” Premium DeskPhone series delivers a new quality experience through improvements in use and mobility- Improved ergonomics and communication experience: – Ambient-light sensor and color screen in 8058s, 8068s and 8078s models for an easier-to-read screen in all…

SINGAPORE – As the world marks World Water Day, CropLife Asia took the opportunity to encourage greater awareness around the diminishing availability of this precious resource and highlighted the critical role that plant science technology plays in promoting greater water conservation in agriculture use. Projections have the global population eclipsing nine billion inhabitants by the year 2050, and Asia alone likely to have one billion more people calling it home by then. With the population growing, so too is the demand for food. According to the Food and Agriculture Organization (FAO) of the United Nations, growers around the world will…

Net Profit Soars by 126% HONG KONG —  SMIT Holdings Limited (“SMIT” or the “Company,” together with its subsidiaries, the “Group”) (stock code: 2239), a global leading CAM supplier and a major mPOS supplier in China, has announced its annual results for the year ended 31 December 2016 (the “Year”). Highlights – Net profit soared by 125.7% to US$7.5 million for the year ended 31 December 2016 – Excluding listing expenses, net profit rose by 40.8% year-on-year to US$9.4 million for the year ended 31 December 2016 – A final dividend of HK$0.015 per share was recommended by the Board -…

CENGKARENG, INDONESIA — National airline PT Garuda Indonesia (Persero) Tbk (GIAA.JK) and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36 Mil, or the equivalent of IDR 124.5 Bil (exchange rate IDR 13.300 per US$), while carrying a total of 35 Mil passengers on both Garuda Indonesia and Citilink Indonesia. The positive achievement was detailed in the Group’s analyst meeting which took place today at Garuda Indonesia headquarters in Cengkareng, and was attended by Garuda Indonesia directors and all the directors of the subsidiaries. The subsidiaries in attendance were Citilink Indonesia, Garuda Maintenance Facility (GMF-AeroAsia), Aerowisata, Sabre,…