Tingyi Cayman Islands Holding Corp (0322.HK)
6 Dec 2016
* Company has agreed to purchase from AI Beverage Holding 52,637 shares in Tingyi-Asahi Beverages representing approximately 5% in share capital of Tingyi-Asahi Beverages
HONG KONG Chinese food and beverage maker Tingyi (Cayman Islands) Holding Corp on Monday said a slowing economy contributed to an 87 percent plunge in quarterly profit, and that the industry outlook remains challenging.
* Blames China's slowing economy (Add further earnings details, context)
HONG KONG, Aug 29 Chinese food and beverage maker Tingyi (Cayman Islands) Holding Corp on Monday reported an 87 percent plunge in second-quarter net profit, weighed down by a slowing economy, and said the outlook for the industry remains challenging.
* Says AAC Technolgoies Holdings Inc to be added to Hang Seng Index effective September 5