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Texhong Textile Group Ltd (2678.HK)

2678.HK on Hong Kong Stock

10.86HKD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Texhong Textile Group posts HY profit attributable of RMB 645 mln
Tuesday, 15 Aug 2017 12:23am EDT 

Aug 15 (Reuters) - Texhong Textile Group Ltd <2678.HK>:HY profit attributable to equity holders increased by 41.2 pct to RMB 645million.HY revenue increased by 27.9 percent to RMB7,448 million.The board declared for the payment of an interim dividend of 24 HK cents per share.Intends to allocate RMB100 million to procure second-hand equipment to expand domestic production capacity by 100,000 spindles.Targeted sales volumes of yarn for 2017 and 2018 are about 650,000 tonnes and 720,000 tonnes respectively.Despite that business is expected to record certain operating losses for the year, group expects it to achieve turnaround in 2018.  Full Article

Texhong Textile Group expects increase in HY earnings of Group
Monday, 7 Aug 2017 04:36am EDT 

Aug 7 (Reuters) - Texhong Textile Group Ltd <2678.HK> ::Earnings of group for six months ended 30 June 2017 has a substantial increase.Expected result due to accounting gain on acquisition of jeans wear business by group in first half of 2017.  Full Article

Texhong Textile Group says Texhong Industrial Park and Texhong Galaxy entered into texhong galaxy agreements
Tuesday, 23 May 2017 07:08am EDT 

May 23 (Reuters) - Texhong Textile Group Ltd <2678.HK>:Texhong industrial park and texhong galaxy entered into texhong galaxy agreements.texhong industrial park and texhong dyeing also entered into texhong dyeing agreements.texhong industrial park shall provide and supply utilities and wastewater treatment service to texhong dyeing.Deal for total consideration (on an annual basis) is expected to be more than hk$3 million.  Full Article

Texhong textile group company entered into acquisition agreement with vendor
Thursday, 16 Mar 2017 08:03am EDT 

Texhong Textile Group Ltd <2678.HK>: Company entered into acquisition agreement with vendor . Aggregate consideration for acquisition was about US$53.65 million . Parties are company as purchaser and Nien Hsing Textile Co as vendor .Expected that capital expenditure on target group companies will amount to about US$25 million for year ending 31 december 2017.  Full Article

Texhong Textile Group says FY profit attributable to shareholders RMB1.19 billion
Thursday, 2 Mar 2017 11:31pm EST 

Texhong Textile Group Ltd <2678.HK>: FY revenue increased by 29.1% to RMB 13.65 billion .FY profit attributable to shareholders increased by 101.0% to RMB1.19 billion.  Full Article

Texhong Textile Group HY revenue increased by 20.1% to RMB5.82 bln<2678.HK>
Monday, 15 Aug 2016 12:19am EDT 

Texhong Textile Group Ltd <2678.HK>: Press release - Texhong Textile announcement of interim results for the six months ended 30 June 2016 <2678.HK> . HY profit attributable to equity holders increased by 55.9% to RMB457 million . HY revenue increased by 20.1% to RMB5.82 billion . Board declared an interim dividend of 18 hk cents per share . Cotton price in the second half of 2016 is expected to be higher than the first half of the year . Cotton prices will have a positive impact on the selling prices of yarns" .  Full Article

Texhong Textile issues profit alert<2678.HK>
Friday, 8 Jul 2016 04:24am EDT 

Texhong Textile Group Ltd <2678.HK>: Positive profit alert <2678.HK> . Earnings of the group for the six months ended 30 June 2016 has increase . Says increase in earnings is mainly attributable to the improvement in gross margin and the strong sales volume of the group's products . Performance of group can be affected by cotton market price, yarn selling prices and foreign exchange rate of renminbi .  Full Article

Texhong Textile Group says Texhong Industrial Park and Lanyan Denim entered into agreement<2678.HK>
Wednesday, 18 May 2016 04:40am EDT 

Texhong Textile Group Ltd <2678.HK>: Connected transaction acquisition of land use right in vietnam for construction of production base . Texhong industrial park and Lanyan Denim entered into the agreement in relation to the transaction . Says deal for consideration of VND72.53 bln . Consideration shall be paid in cash .  Full Article

Texhong Textile enters into JV with Lo, Shiu and Hang Chi<2678.HK>
Monday, 9 May 2016 04:41am EDT 

Texhong Textile Group Ltd <2678.HK>: Discloseable transaction subscription and joint venture agreement <2678.HK> . Group entered into the joint venture agreement with Lo, Shiu and Hang Chi . Total investment by the group in the Vietnam group shall not exceed US$60 million . Upon completion,issued share capital of hang chi shall be owned as to 49% by huafeng knitting, 40.8% by lo, 10.2% by shiu .  Full Article

Texhong Textile Group updates on acquisition of land use right in Vietnam
Wednesday, 13 Apr 2016 04:35am EDT 

Texhong Textile Group Ltd:On 13 April 2016, Texhong industrial park and Texhong dyeing entered into the agreement in relation to the transaction.Deal for consideration of RMB38.8 million.Says consideration will be financed by the internal resources of the group.Land will be used for construction of production base in quang ninh province, Vietnam.  Full Article

BRIEF-Texhong Textile entered into agreement with Co's in relation to acquisition of land use rights

* Haiha Industrial Park entered into first agreement with Texhong Galaxy and second agreement with Texhong Technology