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Citychamp Watch & Jewellery Group Ltd (0256.HK)

0256.HK on Hong Kong Stock

1.70HKD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Citychamp Watch & Jewellery unit enters into disposal agreement
Thursday, 23 Mar 2017 06:32pm EDT 

Citychamp Watch & Jewellery Group Ltd <0256.HK>: EB Investments, Pacific Timber and Bright Merit and Shenzhen Kangtian have entered into a disposal agreement . Deal for RMB1.40 billion . Sellers agreed to sell and Shenzhen Kangtian agreed to acquire entire equity interests of Seti Timber .Expected that company would recognize unaudited gain on disposal of approximately HK$1 billion from disposal.  Full Article

Citychamp Watch & Jewellery Group updates on formation of a joint venture
Wednesday, 28 Sep 2016 08:25am EDT 

Citychamp Watch & Jewellery Group Ltd <0256.HK> : Union united (a wholly-owned subsidiary of company) entered into jv agreement with jv partners . Maximum capital commitment of jv partners and union united will be at an aggregate investment amount of hk$900 . Capital commitment of hk$270 million payable by union united will be funded by internal resources of group .Intention of jv parties to operate jv company to engage in potential overseas equity investment.  Full Article

Citychamp Watch & Jewellery says HY profit for the period HK$135.2 million<0256.HK>
Tuesday, 30 Aug 2016 07:29pm EDT 

Citychamp Watch & Jewellery Group Ltd <0256.HK>: Press release - Citychamp-announcement of unaudited interim results for the six months ended 30 June 2016 <0256.HK> . HY revenue HK$1.41 billion versus HK$1.72 billion . Says HY profit for the period HK$135.2 million versus HK$226.5 million . Directors do not recommend the payment of an interim dividend for the period ended 30 June 2016 . "it is expected that the e-Commerce will be able to maintain a high growth rate in the forthcoming year" . Economic growth of mainland China is expected to slow down . outlook of group is constrained by declining economic growth, political scenario in US, Europe as well as Asia . Remain positive and hold an optimistic long-term view about the future of the group .  Full Article

BRIEF-Citychamp Watch & Jewellery unit enters into disposal agreement

* EB Investments, Pacific Timber and Bright Merit and Shenzhen Kangtian have entered into a disposal agreement