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PARKSON Retail Group Ltd (3368.HK)

3368.HK on Hong Kong Stock

26 May 2017
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HK$0.01 (+0.94%)
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Thu, May 18 2017

BRIEF-Parkson Group updates on litigation

* Hefei parkson has submitted an appeal against judgement to dalian intermediate court on 18 march 2017

BRIEF-Parkson Retail Group FY profit attributable RMB147.3 mln vs loss of RMB186.2 mln last year

* fy total gross sales proceeds ("GSP") decreased by 8.3% to rmb16.60 billion.

Fitch: China Luxury Pick-up Provides Some Relief to Retailers

(The following statement was released by the rating agency) HONG KONG, February 05 (Fitch) China's recent recovery in luxury spending may boost sales of domestic department-store operators and luxury-goods retailers, including Golden Eagle Retail Group Limited (BB-/Negative), Hengdeli Holdings Limited (B+/RWN), and Parkson Retail Group Limited (B-/Negative), though it may not be enough to offset the effects of structural problems caused by changing spending patterns and competition from new

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

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