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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 Retail updateson disposal of equity interests in unit<3368.HK>
Tuesday, 13 Sep 2016 07:29am EDT 

PARKSON Retail Group Ltd <3368.HK>: Very substantial disposal:disposal of the entire equity interests in a wholly-owned prc subsidiary and the relevant shareholder's loan <3368.HK> . Deal for total equity consideration fixed amount of RMB1.670 billion . Expected costs ,expenses associated with disposal property will not have material adverse impact on financial position of group . Expected that an unaudited gain of RMB0.9 billion will be accrued to the group as a result of the disposal .  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: Parkson's Sale of Loss-Making Beijing Store Cuts Leverage

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, September 22 (Fitch) Fitch Ratings says China-based department-store operator Parkson Retail Group Limited's (B/Negative) proposed disposal of a store in Beijing ought to reduce the company's leverage, even as its ratings remain constrained by the weak profitability and continued sales decline of its core operations. Parkson announced on 14 September that it expects to generate CNY2.3bn in gross proceeds (CNY1.9