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Landing International Development Ltd (0582.HK)

0582.HK on Hong Kong Stock

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

Landing International Development proposes to implement capital reorganisation
Monday, 16 Jan 2017 10:00am EST 

Landing International Development Ltd <0582.HK> : Company proposes to implement capital reorganisation, which will entail capital reduction and sub-division . Capital reduction involving reduction of issued share capital of company . To cancel paid-up capital of co to extent of HK$0.09 on each of issued ordinary shares of HK$0.10 each . To implement rights issue on basis of five shares for every one new share at subscription price of HK$0.05 per share . Will raise proceeds approximately HK$5.14 billion before expenses from rights issue . Sub-division on basis that every unissued ordinary share of HK$0.10 each be sub-divided into ten new shares of HK$0.01 each .Application has been made to stock exchange for resumption of trading in shares with effect from 17 Jan.  Full Article

Landing International Development issues profit warning<0582.HK>
Monday, 1 Aug 2016 05:20am EDT 

Landing International Development Ltd <0582.HK>: Profit warning <0582.HK> . Says expected to record a significantly increase in net loss for the six months ended 30 June 2016 . Expected result due to change in fair value of financial assets at fair value through profit or loss .  Full Article

Landing International Development enters into consultancy service agreement with Ng Kwok Fai<0582.HK>
Friday, 17 Jun 2016 08:09am EDT 

Landing International Development Ltd <0582.HK>: Says company entered into the consultancy service agreement with ng kwok fai . Company entered into the consultancy service agreement ng kwok fai . Says an annual service fee in the amount of hk$6 million is payable to ng by the company .  Full Article

Landing International Development Ltd issues FY profit outlook
Monday, 29 Feb 2016 07:10am EST 

Landing International Development Ltd:Expected to record a significantly increase in net loss for the year ended 31 December 2015.Increase in loss was mainly attributable to loss on disposal of subsidiaries which engaged in property development business in yueyang.  Full Article

Landing International Development Ltd says completion of very substantial acquisition
Monday, 19 Oct 2015 08:05am EDT 

Landing International Development Ltd:Reference is made to the circular dated 23 September 2015 in relation to, among other things, the Acquisition and the transactions contemplated thereunder.Board is pleased to announce that all the conditions precedent of the Sale and Purchase Agreement had been fulfilled and Completion took place on 19 October 2015.Accordingly, the Jeju Casino is now owned as to 100% by the Company and will be operated by the Company under its own brand name Landing Casino.  Full Article

Landing International Development divests entire share in unit
Tuesday, 29 Sep 2015 06:17pm EDT 

Landing International Development Ltd:Discloseable transaction in relation to the disposal of entire interest in the issued share capital of a subsidiar.Deal for sale loan at the total consideration of HK$1 billion.On 29 September 2015 company as the vendor and the purchaser entered into the sale and purchase agreement.Consideration is intended to be used for the investment opportunities.Says the disposal has no material effect on the earnings of the company.Co has conditionally agreed to sell sale shares, representing entire issued share capital of double earn, and sale loan.  Full Article

Landing International Development Ltd enters into sale and purchase agreement
Tuesday, 4 Aug 2015 10:58am EDT 

Landing International Development Ltd:Says on 29 July 2015, the Company as the purchaser and Pearl Concept as the vendor entered into the Sale and Purchase Agreement.Pursuant to which the Company has conditionally agreed to acquire and Pearl Concept has conditionally agreed to sell the Sale Shares, representing 50% of the issued share capital of Magical Gains, and the Sale Loan at the total consideration of 130 bln South Korean Won.Consideration will be funded by the Group's internal resources and/or debt financing.Company will not utilize the proceeds from the Rights Issue for the payment of the Consideration.  Full Article

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BRIEF-Landing International Development proposes to implement capital reorganisation

* Company proposes to implement capital reorganisation, which will entail capital reduction and sub-division

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