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PARKSON Retail Group Ltd (3368.HK)

3368.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Parkson Holdings updates on financial impact of deal signed by HKEx listed unit
Thursday, 13 Oct 2016 07:26am EDT 

Parkson Holdings Bhd : announcement refers to disposal announced on 13 oct2016 and impact arising from transactions if completed in fy ending 30 june'17 .Earnings of co for FY ending 30 june 2017 will be higher by approximately 300 million rgt.  Full Article

Parkson Retail signs equity transfer agreement with Zriver Capital Investment Management
Thursday, 13 Oct 2016 04:57am EDT 

Parkson Retail Group Ltd <3368.HK> : vendor, company, purchasers and purchasers parent have entered into equity transfer agreement . Vendor, company, purchaser a, purchasers parent and disposal company have entered into loan transfer agreement . Consideration in amount of rmb1.67 billion for transfer of sale equity . vendor is parkson retail development co (unit of co); purchasers parent is Zriver Capital Investment Management limited .purchasers are Shenzhen Qianhai Tulan Investment Centre, Shanghai Changkun Investment Management.  Full Article

Parkson Retail Group HY total operating revenue decreased by 7.2% to RMB2.32 bln<3368.HK>
Wednesday, 17 Aug 2016 12:12am EDT 

PARKSON Retail Group Ltd <3368.HK>: HY loss attributable to shareholders for the period was RMB124.2 million . Says HY same store sales declined by 9.7% . HY total operating revenue decreased by 7.2% to rmb2.32billion . Says board of directors does not recommend the payment of an interim dividend for 1h2016 . Continue to explore further collaboration with e.land group to convert underperforming stores into the city malls format" .  Full Article

Parkson Retail says same store sales for quarter declined by 9.0 pct<3368.HK>
Thursday, 19 May 2016 04:47am EDT 

PARKSON Retail Group Ltd <3368.HK>: Same store sales for the quarter declined by 9.0% . Total gross sales proceeds for the quarter declined by 13.4% to RMB4.67 billion . Qtrly loss attributable to shareholders for the quarter was RMB17.8 million .  Full Article

Parkson Retail Group Ltd issues FY 2015 profit outlook
Friday, 29 Jan 2016 04:47am EST 

Parkson Retail Group Ltd:Group is expected to record a loss attributable to equity holders of the company for the year ended 31 December 2015.Expected result due to costs incurred by new business ventures and new stores during their ramp up period.  Full Article

Parkson Retail Group Ltd approved the payment of interim dividend
Tuesday, 25 Aug 2015 04:31am EDT 

Parkson Retail Group Ltd:Approved the payment of interim dividend for 1H2015 of RMB0.04 (2014: RMB0.04) in cash per share.The interim dividend will be payable on or before 31 December 2015 to the shareholders whose name appears on the Register of Members of the Company at the close of business on 30 September 2015.  Full Article

Parkson Retail Group Ltd announces dividend
Thursday, 12 Feb 2015 04:04am EST 

Parkson Retail Group Ltd:Recommended payment of final dividend for year of 2014 of 0.01 Yuan (2013: 0.01 Yuan) in cash per share.Declared and paid an interim dividend of 0.04 Yuan (2013: 0.05 Yuan) in cash per share.Final dividend will be payable on or about June 30 to shareholders whose name appears on register of members of company at close of business on June 1.  Full Article

Fitch Downgrades Parkson to 'B-' as Profitability Deteriorates

(The following statement was released by the rating agency) HONG KONG, January 09 (Fitch) Fitch Ratings, Hong Kong, 9 January 2017: Fitch Ratings has downgraded China-based department store operator Parkson Retail Group Limited's (Parkson) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'B-' from 'B'. The Outlook on the IDR is Negative. Fitch has maintained a Recovery Rating of 'RR4' on the senior unsecured rating. The downgrade reflects the company's weaker operating