Edition:
United States

Weiqiao Textile Co Ltd (2698.HK)

2698.HK on Hong Kong Stock

4.15HKD
3:58am EDT
Change (% chg)

HK$0.02 (+0.48%)
Prev Close
HK$4.13
Open
HK$4.17
Day's High
HK$4.19
Day's Low
HK$4.14
Volume
432,500
Avg. Vol
2,678,191
52-wk High
HK$5.82
52-wk Low
HK$4.04

Latest Key Developments (Source: Significant Developments)

Weiqiao Textile HY net profit RMB343 mln, up 9.2 pct<2698.HK>
Friday, 19 Aug 2016 08:53am EDT 

Weiqiao Textile Co Ltd <2698.HK>: Press release - Weiqiao Textile interim results announcement for the six months ended 30 June 2016 . HY net profit attributable to owners of the parent was approximately RMB343 million, representing an increase of approximately 9.2% . Directors did not recommend the payment of any interim dividend to the shareholders . In the second half of the year, we expect to witness uncertainties around the global economy with slow recovery . China's textile industry is expected to be able to maintain stable development momentum . HY revenue RMB4.38 billion down 9.9 percent .  Full Article

Weiqiao Textile expects to record slight increase in HY net profit<2698.HK>
Tuesday, 12 Jul 2016 10:41am EDT 

Weiqiao Textile Co Ltd <2698.HK>: Expected to record a slight increase in the consolidated profit attributable to shareholders of company for HY . Expected result due to profits from sales of electricity recording substantive increase due to significant decrease of unit power generation cost .  Full Article

Weiqiao Textile Co Ltd enters MOU
Sunday, 20 Dec 2015 08:42am EST 

Weiqiao Textile Co Ltd:Says payment of deposit under a mou in relation to a proposed acquisition.Says entered into a mou with the vendor to promote the proceeding of the proposed acquisition.Says pursuant to the mou, the purchaser shall pay the deposit in the aggregate sum of RMB300 million to vendor.Says total consideration for the proposed acquisition will be from RMB4 billion to RMB5 billion.  Full Article