Key Developments: Swire Pacific Ltd (SWRAY.PK)
12.87USD
17 May 2013
$0.05 (+0.39%)
$12.82
$12.85
$12.87
$12.85
225
3,394
$13.35
$10.42
Latest Key Developments (Source: Significant Developments)
Swire Pacific Ltd Announces Name Change
Swire Pacific Ltd announced that the Registrar of Companies of Hong Kong has approved the change of the Company’s name from Swire Pacific Limited to Swire Pacific Limited and issued a certificate of change of name on May 15, 2013. The Change of Company Name therefore became effective on May 15, 2013. The stock short name of the A shares of the Company will remain SWIRE PACIFIC A in English. The stock short name of the B shares of the Company will remain SWIRE PACIFIC B in English. The stock code of the ‘A’ shares of the Company will remain 19. The stock code of the ‘B’ shares of the Company will remain 87. Full Article
Swire Pacific Ltd Declares Second Interim Dividend
Swire Pacific Ltd announced that the Directors have declared second interim dividends of HKD2.50 per A share and HKD0.50 per B share which, together with the first interim dividends of HKD1.00 per A share and HKD0.20 per B share paid in October 2012, amount to full year dividends of HKD3.50 per A share and HKD0.70 per B share, the same as those paid in respect of 2011 (disregarding the special interim dividends of HKD3.00 per A share and HKD0.60 per B share paid in 2011). The second interim dividends, which total HKD3,761 million (2011: HKD3,536 million), will be paid on May 3, 2013 to shareholders registered at the close of business on the record date, being April 12, 2013. Shares of the Company will be traded ex-dividend from April 10, 2013. Full Article
Swire Pacific Ltd Bids For Groupe SMCP-DJ
Dow Jones reported that Swire Pacific Ltd is in second-round bids for Groupe SMCP, which owns the French Sandro, Maje and Claude Pierlot brands. Swire Pacific Ltd is among four bidders that made it to the second round of bidding. The other bidders are all PE firms, KKR, Carlyle Group and Paris-based Eurazeo. Maje and Sandro are separate brands, started by two sisters. The group has 550 POS stores (stores, corenrs and affiliates) in France, UK, Spain and Germany. Turnover was EUR 350 million in 2012. The three brands, Sandro, Maje and Claudie Pierlot, are owned by Groupe SMCP. SMCP is 51% owned by LVMH's private equity arm L Capital and France's Florac SAS, with the remaining 49% held by the two sisters who created Maje and Sandro. The initial first-round bid valued Groupe SMCP's enterprise value at more than EUR 650 million on combined sales of over EUR 300 million and EUR 60 million Ebitda. From a multiple basis, it's over 10x Ebitda and 2x sales. It's on the higher end given the brands ink less than 10% Ebitda margin, but it also implies a strong view concerning sales growth. Full Article
Swire Pacific Ltd Declares Interim Dividend
Swire Pacific Ltd announced that the Directors have declared first interim dividends of HKD1.00 (2011: HKD1.15) per A share and HKD0.20 (2011: HKD0.23) per B share for the period ended June 30, 2012. Full Article
Columbia Sportswear Company And Swire Pacific Limited's Subsidiary To Form Joint Venture In China
Columbia Sportswear Company announced that it has entered into an agreement to form a joint venture with Swire Resources Ltd. designed to expand the position of the Company’s Columbia brand and to further establish and grow the Mountain Hardwear brand in China. Swire Resources Ltd., a subsidiary of Swire Pacific Limited, has operated as Columbia Sportswear’s exclusive independent distributor of Columbia and Mountain Hardwear branded products in China since 2004, and in Hong Kong and Macau since 2002. The new joint venture is expected to begin operations January 1, 2014 with headquarters in Shanghai. Columbia will own 60% of the JV; Swire will own 40%, with profits and losses shared in similar proportions. The joint venture carries an initial term of 20 years and includes a provision for the purchase or sale of the minority interest any time after the fifth year. Full Article
Update-Moody's : No rating impact on Swire from 2012 results
Swire Pacific Limited and Swire Properties Limited
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