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…
Author: Marie Jones
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,…
HONG KONG — Flying Financial Service Holdings Limited (Stock Code: 8030.HK) (“Flying Financial” or “Company” and its subsidiary companies called “Group”) was pleased to announce the annual audited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2016 (the “Reporting period”). In the reporting period, the Group’s revenue increased by approximately 166.5% compared with 2015 to approximately RMB289.2 million (the same below ); Profit attributable to owners of the Company was approximately RMB101.3 million as compared to last year, representing an increase of approximately 135.0%. In 2006, followed by China’s Internet financial good…
HONG KONG — Lee’s Pharmaceutical Holdings Limited (“Lee’s Pharm” or the “Group”, Stock Code: 950), an integrated research-driven and market-oriented pharmaceutical group in China, today announced its annual results for the year ended 31 December 2016 (the “year under review”). During the year under review, facing the challenging industry and market, the Group was able to maintain its profitability. The Group recorded sales revenue of HK$929,821,000, a year-on-year increase of 0.8%. Sales of licensed-in products accounted for 52.7% (2015: 54.6%) of the Group’s revenue while sales of proprietary products contributed 47.3% (2015: 45.4%) of the Group’s revenue. The proprietary products maintained…
HONG KONG – AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”; Stock Code: 02018) has today announced its annual results for the year ended 31 December 2016, reporting revenue of RMB15,506.8 million and net profit of RMB4,025.7 million. 2016 Final Results Highlights (audited): – Revenue grew by 32% to RMB15,506.8 million and net profit rose by 30% to RMB4,025.7 million year-on-year, both are new highs; – Dual growth drivers comprising sales of dynamic components and non-acoustic solutions which grew by 29% and 56% respectively year-on-year, and both delivered gross margins of 40+%; – Annualized return on average equity (ROE)…
Proteomics, the leader in predictive diagnostics for DKD, advancing deals with commercialisation partners in Singapore and China this week PERTH, AUSTRALIA –Proteomics International Laboratories Ltd (‘PILL’; ASX: PIQ), a world leader in biomarker discovery in multiple project areas, is advancing deals this week in Singapore, Hong Kong and Shanghai for the Asia Pacific commercialization of PromarkerD, the ground-breaking test platform that uses protein biomarkers in the blood to predict the onset of diabetic kidney disease (DKD). Proteomics, or PILL, has been granted patents for PromarkerD in China and Singapore, following grants in Australia, Russia and the USA. There are currently…
HONG KONG — Tappy Technologies has announced a number of world renowned brands as Launch Partners at Baselworld 2017. These Launch Partnerships will see Tappy’s payment technology embedded into a wide range of traditional timepieces. Tappy is a pioneer in contactless wearable payments and a Global Wearable Program Partner of many leading banks and financial institutions. Its fully integrated technology can instantly transform any watch, piece of jewellery or accessory into a payment device. Tappy provides the highest level of security for payments and transactions and plays a strategic role in developing the wearable payment Ecosystem that bridges FinTech, banks, card…
TOKYO — Azelis is a leading global speciality chemicals distributor and employs more than 1,500 knowledgeable people located in 80 locations across the EMEA, Asia Pacific and Americas regions. Azelis has over 30 laboratories and technical centres serving the following industries: Personal Care, Pharma, Food & Health, Animal Nutrition, Specialty Agri/Horti, Homecare & Industrial Cleaning, CASE (coatings, adhesives, sealants, elastomers), Chemicals, Lubricants & Metal Working Fluids and Rubber & Plastic Additives. Azelis is pleased to announce the appointment of Hirotaka (Hank) Kawano as Managing Director of Japan. Kawano holds a Bachelor’s degree in Economics and started his career with a global…
Sized-up and Judged the Situation, Packed Light to Take the Field and Being Future-oriented to Recreate Greatness HONG KONG — V1 Group Limited (the “Company” or “V1”; Stock code: 82.HK) is pleased to announce the results of the Company and its subsidiaries (the “Group”) for the full year of 2016. Turnover of the Group for the year ended 31 December 2016 amounted to HK$0.15 billion, representing an increase of around 24.7% as compared with last year. Profit of the Group for the full year of 2015 amounted to HK$0.22 billion, loss for the full year of 2016 was HK$0.98 billion, it…
– Revenue decreased by 3.3% to RMB7,968 million for FY2016 – Profit from operations down 7.3% to RMB666 million HONG KONG — CIMC Enric Holdings Limited (“CIMC Enric”, or the “Company”, together with its subsidiaries, the “Group”) (HK:3899) announces its annual results for the year ended 31 December 2016. Mr. Gao Xiang, the Chairman of CIMC Enric, said, “CIMC Enric experienced a crucial year in 2016 with a range of challenges facing the sectors it engaged in. After many years of recorded profit attributable to equity shareholders of the Company, the Company reported a loss attributable to equity shareholders for the…
HONG KONG — Shanghai Pharmaceuticals Holding Co., Ltd. (“Shanghai Pharmaceuticals” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 601607.SH; 2607.HK), the integrated pharmaceutical company in the PRC that has leading positions in both pharmaceutical products and service markets, released its 2016 annual results report today. From January to December 2016, Shanghai Pharmaceuticals’ operating revenue was RMB120.765 billion, representing an increase of 14.45% on a YoY basis. Net profit attributable to the equity holders of the listed company was RMB3.196 billion, representing a YoY increase of 11.10%. Net profit attributable to the equity holders of the listed company…
Start-ups, Smart Electronics & Lighting Products to be Showcased (Photo:) HKTDC Deputy Executive Director Benjamin Chau (right) and HKTDC Electronics/Electrical Appliances Industries Advisory Committee Chairman Dr Lo Wai-kwok (left) announce details of the Hong Kong Electronics Fair (Spring Edition), International ICT Expo as well as the Hong Kong International Lighting Fair (Spring Edition). HONG KONG — Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition) and the International ICT Expo, will kick off at the Hong Kong Convention and Exhibition Centre (HKCEC) in April. The Lighting…
Retailing Guru Rakesh Biyani identifies keys to successful partnership building (Photo:) Retailing Guru Rakesh Biyani identifies keys to successful partnership building between Hong Kong and India during a seminar organised by the Hong Kong Trade Development Council in Hong Kong on 14 March. India is often regarded as the new land of business opportunity. More than 140 business people attended a seminar on “Access to Retail Market in India” with speaker Rakesh Biyani, the Joint Managing Director of Future Retail Ltd. & co-founder of Future Group. The seminar was organised by the Hong Kong Trade Development…