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MTR Corp Ltd (0066.HK)

0066.HK on Hong Kong Stock

26 May 2017
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HK$-0.45 (-1.03%)
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Latest Key Developments (Source: Significant Developments)

MTR Corp updates on review of fare adjustment mechanism
Tuesday, 21 Mar 2017 04:54am EDT 

Mtr Corp Ltd <0066.HK> : Early review of fare adjustment mechanism has been completed. . Company and government have agreed to maintain current fam formula and direct-drive nature of fam formula . Company and government have agreed to certain special applications to calendar years 2017 to 2022 . For period from mid-2017 to mid-2018, company expects to forego revenues of approximately hk$445 million . Agreed that scheduled review of fam originally due in 2017/18 will not be undertaken and next scheduled review will be in 2022/23. . Company will introduce, or continue to make available, a number of fare concessions (in form of promotions) .As a result of implementation of special applications, from mid- 2017 to mid-2018, expects to forego revenues of about hk$142 million.  Full Article

MTR Corp posts FY profit attributable of HK$10.25 billion
Tuesday, 7 Mar 2017 03:44am EST 

Mtr Corp Ltd <0066.HK> : FY profit attributable HK$10.25 billion versus HK$12.99 billion . FY total revenue of group HK$ 45.19 billion, up 8.4 pct . Final ordinary dividend of HK$0.82 per share . Extension of maritime square and expansion Of Telford Plaza Ii are expected to open in second half of 2017 .Over next 12 months or so expects to tender out six development packages in Hong Kong.  Full Article

Goldin Financial Holdings updates on development agreement
Thursday, 12 Jan 2017 09:05am EST 

Goldin Financial Holdings Ltd <0530.HK> : JV company and guarantors entered into development agreement with mtr corporation for development of land . Goldin Financial Holdings Ltd - as per deal, JV company shall be required to design, build and complete development . Goldin Financial - MTR corporation, JV co shall share surplus proceeds in agreed ratio of 35% by Mtr Corporation and 65% by JV company, respectively . Goldin Financial - concept pioneer shall provide initial shareholders' loan to JV co in amount of HK$660 million on completion of subscription of new JV shares .Goldin Financial - total development costs for development (including assessed premium and lump sum payment) are estimated by company to be HK$13 billion.  Full Article

Asiaray Media says unit has renewed advertising sales agency service contract with MTR Corp
Wednesday, 30 Nov 2016 03:44am EST 

Asiaray Media Group Ltd <1993.HK> : unit has renewed advertising sales agency service contract with mtr corporation limited .deal in relation to grant of exclusive rights to provide advertising sales agency service for mtr malls and commercial premises.  Full Article

MTR Corp says HY net profit HK$5.12 billion versus HK$8.19 billion<0066.HK>
Tuesday, 9 Aug 2016 04:34am EDT 

MTR Corp Ltd <0066.HK>: ...more announcement of unaudited results for the six months' period ended 30 June 2016 <0066.HK> . HY net profit hk$5.12 billion versus hk$8.19 billion . Says HY total revenue of the group increased 5.4% to hk$21.31 billion . Global economic outlook remains uncertain . Says interim dividend of hk$0.25 per share declared .  Full Article

MTR Corp entered into facility agreement for HK$25 bln loan facility<0066.HK>
Monday, 13 Jun 2016 05:44am EDT 

MTR Corp Ltd <0066.HK>: On 13 June 2016, co, as borrower, entered into a facility agreement with a syndicate of banks as lenders .Says agreement for a hk$25 billion loan facility.  Full Article

MTR Corp Ltd resolved to pay an interim dividend
Thursday, 13 Aug 2015 04:19am EDT 

MTR Corp Ltd:Resolved to pay an interim dividend of HK$0.25 per share.The interim dividend, with a scrip dividend option, is expected to be distributed on 16 October 2015 to shareholders whose names appear on the Register of Members of the Company as at the close of business on 2 September 2015.  Full Article

MTR Corp Ltd announces change of Chairman
Tuesday, 7 Jul 2015 04:31am EDT 

MTR Corp Ltd:Says Financial Secretary Incorporated (FSI) has appointed Professor Frederick Ma Si-hang, who is currently an Independent Non-executive Director of the Company, as Chairman of the Company, with effect from Jan. 01, 2016.Says Raymond Ch'ien Kuo-fung will be retiring from the position of Chairman, and will also retire as a Member of the Board, Chairman of the Corporate Responsibility Committee and a Member of the Nominations Committee of the Company when his tenure ends on Dec. 21.Under the Company’s Articles of Association, for so long as the FSI controls 50% or more of the voting power of the Company, it has the exclusive right to appoint any Director of the Company as Chairman of the Company.  Full Article

More From Around the Web

Hong Kong-China consortium buys New Territories land plot for $1.07 bln

HONG KONG A Hong Kong-China consortium of property developers on Friday won an auction for a plot of land in Hong Kong's New Territories with a bid of HK$8.33 billion ($1.07 billion), beating market expectations.