Key Developments: Yue Yuen Industrial Holdings Ltd (0551.HK)

0551.HK on Hong Kong Stock

27.80HKD
29 Dec 2014
Price Change (% chg)

HK$0.30 (+1.09%)
Prev Close
HK$27.50
Open
HK$27.95
Day's High
HK$28.20
Day's Low
HK$27.45
Volume
842,831
Avg. Vol
1,910,123
52-wk High
HK$29.55
52-wk Low
HK$21.55

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Latest Key Developments (Source: Significant Developments)

Yue Yuen Industrial Holdings declares interim dividend
Wednesday, 13 Aug 2014 07:31pm EDT 

Yue Yuen Industrial (Holdings) Ltd:Says its directors have declared an interim dividend of HK$0.35 per share for the year ending Dec. 31, 2014.Interim dividend will be paid on Oct.6.Dividend will be paid to shareholders whose names appear on the Register of Members on Sept.25.  Full Article

Yue Yuen Industrial (Holdings) Ltd update on strike and adjustment of employee benefit payments
Friday, 25 Apr 2014 09:39am EDT 

Yue Yuen Industrial (Holdings) Ltd:Says more than 80% of the employees in the Gaobu Factory has returned to work.Estimates the loss caused directly by the interruption of Gaobu Factory operations is about $27 mln, including additional costs for air freight, loss of profit due to production disruptions, and other fixed costs incurred.On April 17, the Company announced that the adjustment of Employee Benefit Payments may have a material adverse effect on the financial performance of the Group.Subsequently, the Company agreed to provide employees of the Gaobu Factory with an additional living allowance of 230 Renminbi per month.It is estimated that the adjustment to the Employee Benefit Payments, together with the said monthly living allowance, will increase the Group’s employee benefit expenses for the year ending Dec. 31 2014 by about $31 mln.  Full Article

Yue Yuen Industrial (Holdings) Ltd recommends final dividend
Wednesday, 26 Mar 2014 06:55pm EDT 

Yue Yuen Industrial (Holdings) Ltd:Recommends the payment of final dividend of HK$0.75 per share for FY 2013.To be paid on or before Jun 17 to those shareholders whose names appear on the company’s register of members on Jun 9.  Full Article

Yue Yuen Industrial (Holdings) Ltd Declares Second Interim Dividend
Tuesday, 13 Aug 2013 06:09pm EDT 

Yue Yuen Industrial (Holdings) Ltd announced that the directors have declared a second interim dividend of HKD0.65 per share for the fifteen months ended December 31, 2012 (2012: no 2011 second interim dividend was declared).  Full Article

Yue Yuen Industrial (Holdings) Ltd gives H1 2013 guidance
Sunday, 5 May 2013 08:00pm EDT 

Yue Yuen Industrial (Holdings) Ltd:Expects significant downturn year on year and therefore the Group’s results to be adversely and materially affected for H1 2013.  Full Article

Yue Yuen Industrial (Holdings) Ltd Recommends Final Dividend
Tuesday, 26 Mar 2013 07:48pm EDT 

Yue Yuen Industrial (Holdings) Ltd announced that the directors recommend the payment of a final dividend of HKD0.25 per share (2011: HKD0.56 per share) for the fifteen months ended December 31, 2012. The proposed dividend of approximately HKD412,232,000 will be paid on or before June 17, 2013 to those shareholders whose names appear on the Company’s register of members on June 10, 2013  Full Article

China's Yue Yuen H1 profit falls 48 pct on staff benefits

HONG KONG, Aug 14 - Chinese shoe manufacturer Yue Yuen Industrial Holdings Ltd posted a 48 percent fall in first-half net profit as it booked provisions to improve employee benefits - steps it has taken after it suffered from a major strike earlier this year.

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