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Tingyi Cayman Islands Holding Corp (0322.HK)

0322.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Tingyi Cayman Islands says FY net profit fell 31 pct
Monday, 27 Mar 2017 12:14am EDT 

Tingyi Cayman Islands Holding Corp <0322.HK> : fy net profit $176.884 million versus $256.3 million . fy revenue $8.37 billion versus $9.10 billion . board will recommend payment of a final dividend of us$1.58 cents per share . expects to increase its renminbi borrowing, and proportion of renminbi borrowing of group's total borrowings will be increased gradually . looking ahead in 2017, packaged food industry is currently facing challenges in macroeconomic environment, .management team has been planning and are in progress of disposal of under-utilized assets to enrich future cash flow.  Full Article

Tingyi says it has suffered no adverse financial impacts due to liquidation of Master Kong (Taiwan)
Tuesday, 3 Jan 2017 07:34pm EST 

Tingyi Cayman Islands Holding Corp <0322.HK> : reference is made to explanations on liquidation and dissolution of Master Kong (Taiwan) Foods .has suffered no adverse financial and business impacts as a result of liquidation and dissolution of Master Kong (Taiwan).  Full Article

Tingyi Cayman Islands agrees to purchase shares in Tingyi-Asahi Beverages
Friday, 30 Sep 2016 04:32am EDT 

Tingyi Cayman Islands Holding Corp <0322.HK> : Company has agreed to purchase from AI Beverage Holding 52,637 shares in Tingyi-Asahi Beverages representing approximately 5% in share capital of Tingyi-Asahi Beverages . Consideration for acquisition payable by company will be financed by group's internal resources . Ting hsin has agreed to purchase from AIB 52,637 shares in tab representing approximately 5% in share capital of TAB. .Consideration for purchase of shares in tab payable by company is us$165 million.  Full Article

Tingyi Cayman Islands Holding posts HY net profit of US$69.7 million<0322.HK>
Monday, 29 Aug 2016 04:33am EDT 

Tingyi Cayman Islands Holding Corp <0322.HK>: Interim results for the six months ended 30th June 2016 <0322.HK> . HY turnover US$4.19 billion versus US$4.87 billion . HY net profit US$ 69.7 million versus US$ 197.7 million . Board of directors does not recommend the payment of an interim dividend for the six months ended 30 June 2016 . "In the second half of the year, there still exists relatively great pressure on economic development" .  Full Article

Tingyi Cayman Islands Holding reports Q1 profit of $58 mln Vs $107 mln last year<0322.HK>
Thursday, 26 May 2016 08:35am EDT 

Tingyi Cayman Islands Holding Corp <0322.HK>: First quarterly results for the three months ended 31st March 2016 <0322.HK> . Does not recommend the payment of a quarterly dividend for the three months ended 31 March 2016 . Qtrly profit attributable to owners of the company $58 million versus $107 million . Q1 revenue $2.10 billion versus $2.32 billion . The group will continue to face significant challenges in the second quarter" . Packaged food business is currently facing challenges of the macro environment .  Full Article

Tingyi Cayman Islands Holding issues FY 2015 profit warning
Monday, 22 Feb 2016 06:23am EST 

Tingyi Cayman Islands Holding Corp:Expects to record a decrease in its unaudited consolidated net profit by approximately 35% to 40% for the year ended 31 December 2015.Result mainly due to a decline in noodle sales due to the price increase.  Full Article

Tingyi Cayman Islands Holding Corp says termination of joint-venture relationship in Calbee (Hangzhou)
Tuesday, 3 Nov 2015 10:30pm EST 

Tingyi Cayman Islands Holding Corp:Parties has decided that the co will undertake and continue to operate the existing business of the joint venture.Master kong instant foods will acquire all equity interests of calbee (hangzhou) held by calbee and itochu corporation.Will promptly carry out reorganization and streamlining for a new start upon completion of the equity transfer".Says remains optimistic about the favorable development trend of China's snack food industry in the future.  Full Article

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