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Sun Hung Kai & Co Ltd (0086.HK)

0086.HK on Hong Kong Stock

27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sun Hung Kai & Co posts FY profit attributable of HK$1,109.6 mln
Wednesday, 22 Mar 2017 07:09am EDT 

Sun Hung Kai & Co Ltd <0086.HK>: Board of directors has declared a second interim dividend of HK14 cents . Management is cautiously optimistic on outlook for 2017 earnings . FY revenue HK$3.51 billion versus HK$4.17 billion .FY profit attributable HK$1,109.6 million versus HK$3,896.5 million.  Full Article

Sun Hung Kai & Co updates on disposal of shares in Asia Allied Infrastructure Holdings
Monday, 20 Mar 2017 08:19am EDT 

Sun Hung Kai & Co Ltd <0086.HK>: SHKSFL and purchaser entered into agreement . As a result of disposals, company's aggregated estimated gain is approximately HK$75 million .SHKSFL agreed to sell and purchaser agreed to purchase 39 million listco shares at a consideration of HK$39 million.  Full Article

Sun Hung Kai expects increase in H2 profit
Monday, 23 Jan 2017 03:53am EST 

Sun Hung Kai & Co Ltd <0086.HK>: Expected that profit attributable for second half of 2016 will show a very substantial increase .Estimated increase in profit due to stronger performance of company's principal investments.  Full Article

Sun Hung Kai says HY net profit HK$276.2 million<0086.HK>
Thursday, 18 Aug 2016 05:55am EDT 

Sun Hung Kai & Co Ltd <0086.HK>: Sun Hung Kai Co-announcement of interim results for the six months ended 30 June 2016 <0086.HK> . HY revenue HK$ 1.74 billion versus HK$2.17 billion a year ago . Board of directors has declared an interim dividend of HK12 cents per share . "Hong Kong loan businesses are expected to remain relatively stable unless there is an abrupt or further deterioration in the local economy" . "For Mainland China, recent trends in the UAF business indicate that charge off amounts appear to have peaked" . "Decline in the Mainland China loan book has stabilised which points to a recovery in profitability in the near term" . "Economic environment remains sluggish in Mainland China which could threaten our projections" . HY net profit HK$276.2 million versus HK$3.63 billion a year ago . Will continue to maintain a prudent and balanced approach to position our loan and investment assets for long term growth. . "United Asia Finance Limited is repositioning its mainland China loan book and lowering its cost structure to adjust to a tougher economic environment" .  Full Article

Sun Hung Kai & Co issues profit warning<0086.HK>
Friday, 22 Jul 2016 06:36am EDT 

Sun Hung Kai & Co Ltd <0086.HK>: Sun hung kai co-profit warning . Unaudited consolidated profit for the six months ended 30 June 2016 will show a significant decrease . The unaudited consolidated profit for the six months ended 30 June 2016 will show a significant decrease . Expected result due to one time gain of hk$3,033 million from the sale of 70% of the Sun Hung Kai Financial group .For HY, profit for the period from continuing operations has decreased by approximately 50%.  Full Article

Tian An China Investments says unit entered into renewed leasing agreements<0028.HK><0086.HK>
Monday, 30 May 2016 07:38am EDT 

Tian An China Investments Co Ltd <0028.HK>: Unit entered into the renewed leasing agreements with Dalian uaf . Agreement to renew the term of each of the expiring leasing agreements . Unit entered into the 2016 leasing agreement VII with shkis . Agreement in relation to the leasing of office premises located in Tian An centre, Shanghai, the prc .  Full Article

Sun Hung Kai & Co updates on exchange offer<0086.HK>
Monday, 23 May 2016 06:19pm EDT 

Sun Hung Kai & Co Ltd <0086.HK>: Issuer, the company and the managers further entered into the subscription agreement . Agreement in connection with the issue of the additional notes under the programme . Says the issuer will separately issue additional notes in an aggregate principal amount of u.s.$240 million . & co -upon settlement of the additional notes aggregate principal amount of new notes and the additional notes will be u.s.$361.6 million .  Full Article

Allied updates on formation of joint venture by unit of Sun Hung Kai & Co. Ltd<0086.HK><0373.HK>
Wednesday, 11 May 2016 09:41am EDT 

Allied Group Ltd <0373.HK>: Discloseable transaction in relation to formation of joint venture <0373.HK> . SHKI, an indirect wholly-owned subsidiary of SHK, entered into the shareholders' agreement with the JV partners . Enterprise value agreed by the parties for the hotel company shall be EUR162.3 million . Purchase price of 100% of the shares issued by the hotel company shall be EUR118.91 million . Amount to be invested by SHKI shall be approximately EUR43.24 million .Expected that SHK can share the profit from the joint venture.  Full Article

Sun Hung Kai enter S&P agreement with Boneast, Shine Star and Hing Yip<0086.HK>
Friday, 6 May 2016 08:56am EDT 

Sun Hung Kai & Co Ltd <0086.HK>: Says shk, boneast, shine star and hing yip entered into the HY sale and purchase agreement . Says boneast agreed to sell and shine star agreed to purchase the entire issued share capital of hing yip; . Aggregate consideration of RMB23.1 million .  Full Article

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