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Royale Furniture Holdings Ltd (1198.HK)

1198.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Royale Furniture expects to record consolidated net profit for year ended Dec. 31, 2016
Wednesday, 1 Feb 2017 03:33am EST 

Royale Furniture Holdings Ltd <1198.HK> : It is expected that group will record a consolidated net profit for year ended 31 december 2016 .Expected results due to increase in sales.  Full Article

Royale Furniture says Chitaly entered into agreement to establish a joint venture
Tuesday, 11 Oct 2016 10:36am EDT 

Royale Furniture Holdings Ltd <1198.HK> : Chitaly and Tse Kam Pang entered into agreement to establish joint venture .Total investment amount for JV is HK$30mln of which HK$18mln will be initial plan of joint venture provided by group.  Full Article

Royale Furniture Holdings issues positive profit alert<1198.HK>
Thursday, 7 Jul 2016 10:19am EDT 

Royale Furniture Holdings Ltd <1198.HK>: Furn-positive profit alert <1198.HK> . It is expected that the group will record an unaudited consolidated net profit for the six months ended 30 June 2016 . Expected result due to profits and gains derived from higher profit margins regarding our new products .  Full Article

Royale Furniture Holdings Ltd completes placing of existing shares and subscription for new shares
Friday, 22 May 2015 07:05am EDT 

Royale Furniture Holdings Ltd:Says all conditions set out in the Placing Agreement and the Subscription Agreement have been fulfilled and the Placing and the Subscription have been completed on May 18 and May 22 respectively.Says an aggregate of 278,000,000 Placing Shares have been placed out by the Placing Agent at HK$0.24 per Placing Share to not less than six Placees, who and whose ultimate beneficial owners are independent of the Company, Charming Future and Crisana and their respective connected persons.Says 278,000,000 Subscription Shares have also been allotted and issued to Charming Future and Crisana on May 22.Subscription has also been completed on May 22, pursuant to which each of Charming Future and Crisana has subscribed for 139,000,000 new Shares at HK$0.24 per Subscription Share.Says net proceeds from the Subscription amount to approximately HK$65 million.  Full Article

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