News: Yue Yuen Industrial Holdings Ltd (0551.HK)

0551.HK on Hong Kong Stock

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Wed, Aug 13 2014

China's Yue Yuen H1 profit falls 48 pct on staff benefits

HONG KONG, Aug 14 - Chinese shoe manufacturer Yue Yuen Industrial Holdings Ltd posted a 48 percent fall in first-half net profit as it booked provisions to improve employee benefits - steps it has taken after it suffered from a major strike earlier this year.

Yue Yuen boosts staff benefits, says H1 results will be hit

HONG KONG, Aug 6 - Chinese shoe manufacturer Yue Yuen Industrial Holdings Ltd, hit by strikes this year, said it expected to book a $112 million provision to improve employee benefits that would have a material impact on its first-half results.

Workers at ABB-owned factory in China strike over benefits

SHANGHAI, June 11 - About 500 employees of a factory in southern China owned by Swiss engineering group ABB have gone on strike over compensation and low social insurance contributions by the company, a worker and an activist said on Wednesday.

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