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Texhong Textile Group Ltd (2678.HK)

2678.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

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

Texhong Textile Group says unit entered into the agreements with Texhong xinjiang and yihua ventures
Tuesday, 13 Oct 2015 05:38am EDT 

Texhong Textile Group Ltd:Says unit entered into the agreements with Texhong xinjiang and yihua ventures.Says consideration will be funded by internal resources of the group.Says project company will be held as to 90% and 10% by Texhong western and huixin global respectively.Agreegate considertion of RMB40.9 million.  Full Article

Texhong Textile Group Ltd announces interim dividend
Monday, 10 Aug 2015 12:21am EDT 

Texhong Textile Group Ltd:Says an interim dividend of HK$0.12 per share (2014: HK$0.05 per share) was proposed.It will be payable on or about Sept. 10, to shareholders whose names are on the register on Aug. 28.  Full Article

Texhong Textile Group Ltd gives H1 2015 profit guidance
Monday, 8 Jun 2015 05:03am EDT 

Texhong Textile Group Ltd:Expects it will result in a substantial increase in profit for the H1 2015 as compared to the financial results of the Group for the corresponding period in 2014.Increase in profit of the Group is mainly attributable to the drop in cotton cost, which was more substantial than the decline in yarn selling prices; the strong sales volume; and the decrease in exchange loss.  Full Article

Texhong Textile Group Ltd declares final dividend
Monday, 16 Mar 2015 12:27am EDT 

Texhong Textile Group Ltd:Resolved to declare final dividend of HK$0.08 per share in respect of year ended Dec. 31, 2014, to shareholders whose names appear on register of member on April 30, 2015.Dividend will be payable on or about May 12, subject to approval by shareholders at forthcoming annual general meeting of the company on April 23.  Full Article

Texhong Textile Group Ltd gives FY 2014 earnings guidance
Tuesday, 14 Oct 2014 05:00am EDT 

Texhong Textile Group Ltd:Says that for FY 2014 it expects to record a substantial decline in the earnings as compared with that for FY 2013.Says the decline in the earnings of the Group would mainly be attributable to the weak yarn selling prices of the Group in the PRC market for the nine months ended Sept. 30, 2014 as compared with Last Year.Says exchange loss for the nine months ended Sept. 30, 2014 as a result of the depreciation of Renminbi against the U.S. dollar as compared to an exchange gain of about 80 million yuan for the Last Year.Says the one-off gain of about 265 million yuan as a result of the acquisition of interest in a company during Last Year, which such gain is not available for the Year.  Full Article