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Shun Tak Holdings Ltd (0242.HK)

0242.HK on Hong Kong Stock

3.76HKD
23 Jun 2017
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HK$0.06 (+1.62%)
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Latest Key Developments (Source: Significant Developments)

Shun Tak Holdings appoints Ho Chiu King, Pansy Catilina as executive chairman
Friday, 23 Jun 2017 07:06am EDT 

June 23 (Reuters) - Shun Tak Holdings Ltd <0242.HK>::Ho Chiu King, Pansy Catilina has been appointed as group executive chairman.Stanley Ho group executive chairman, has retired by rotation at agm.  Full Article

Shun Tak Holdings posts FY net loss of HK$587 mln
Monday, 27 Mar 2017 06:19am EDT 

Shun Tak Holdings Ltd <0242.HK>: Consolidated loss attributable to owners of company for year was HK$587 million (2015: profit of HK$745 million) . Board does not recommend payment of any final dividend .FY revenue HK$3.85 billion versus HK$4.41 billion.  Full Article

Shun Tak expects to record a loss attributable for year ended 31 Dec 2016
Friday, 17 Feb 2017 05:31am EST 

Shun Tak Holdings Ltd <0242.HK>: Company and its subsidiaries are expected to record a loss attributable to owners of company for year ended 31 December 2016 . Expected results due to decline in revaluation of investment properties which is non-cash in nature .Believes that such decline in revaluation and decrease in revenue will not have any impact on business operations of group.  Full Article

Shun Tak Holdings updates on proposed acquisition of Perennial Somerset Investors
Wednesday, 25 Jan 2017 09:48am EST 

Shun Tak Holdings Ltd <0242.HK>: Unit, Simply Swift, entered into cash vendors SPA and share vendor SPA for acquisition of 70% interest in target company .Deal for total consideration of S$350 million.  Full Article

Shun Tak holdings updates on ticketing agreement with MPEL
Friday, 7 Oct 2016 05:27am EDT 

Shun Tak Holdings Ltd <0242.HK> : Stctsml entered into ticketing agreement with mpel to regulate sale of ferry tickets by stctsml to mce group . Term ticketing agreement will take effect from 7 october 2016 until 31 december 2018 Source (http://bit.ly/2dYwnQ7) Further company coverage: [0242.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shun Tak reports HY unaudited loss of HK$53 mln<0242.HK>
Tuesday, 30 Aug 2016 04:37am EDT 

Shun Tak Holdings Ltd <0242.HK>: Hold-2016 interim results announcement . HY unaudited loss attributable to owners of the company for the period was HK$53 million . Board has resolved not to declare an interim dividend in respect of the six months ended 30 June 2016 . HY revenue HK$1.87 billion versus HK$2.13 billion .It is expected that dividend income will remain constricted in the short to medium terms.  Full Article

Shun Tak Holdings issues profit warning<0242.HK>
Friday, 22 Jul 2016 04:19am EDT 

Shun Tak Holdings Ltd <0242.HK>: Hold-profit warning <0242.HK> . Expected decrease was mainly attributable to decline in revaluation of investment properties . Unaudited interim results of co and its subsidiaries for the six months ended 30 June 2016 are expected to decrease significantly .  Full Article

Shun Tak says project co entered into the main contract with CSCEC<0242.HK>
Friday, 24 Jun 2016 06:16am EDT 

Shun Tak Holdings Ltd <0242.HK>: Project company entered into the main contract with cscec . CSCEC is appointed as the main contractor for the construction of the development . CCEM won the tender for the main contract . Deal for contract sum of RMB1.31 billion .  Full Article

Shun Tak Holdings announces formation of joint venture<0242.HK>
Wednesday, 22 Jun 2016 05:01am EDT 

Shun Tak Holdings Ltd <0242.HK>: Hold-major transactions - Investment by the purchaser in Nova City and formation of joint venture <0242.HK> . Total investment of hk$3.23 billion comprising a share consideration of hk$1.85 billion . The company ,the share owner, unit of co and purchaser entered into the sale and purchase agreement . Says net proceeds to the group from the transactions will be approximately hk$3.0 billion . Co estimates the net potential gain before tax on the transactions to be approximately hk$1.3 billion to be recognised upon completion .  Full Article

Shun Tak Holdings announces acceptance of tender for property in Singapore<0242.HK>
Monday, 23 May 2016 05:26am EDT 

Shun Tak Holdings Ltd <0242.HK>: Vendor confirmed that it has accepted the tender at the consideration of sg$145 million . Stres received acceptance letter dated whereby vendor confirmed that it has accepted the tender at the consideration .  Full Article

More From Around the Web

Hong Kong tycoon Stanley Ho steps down as Shun Tak Holdings' chairman

HONG KONG, June 23 Stanley Ho, Macau gambling king and one of Asia's richest men, has stepped down as chairman of Hong Kong conglomerate Shun Tak Holdings Ltd, with his daughter Pansy Ho taking over the position.