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Real Estate Development & Operations

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Crown International and vendor terminate SIH SP agreement

Thursday, 13 Apr 2017 09:16am EDT

Crown International <0727.HK> : Group and vendor have terminated SIH SP agreement and will not proceed with SIH acquisition . decision not to proceed with SIH acquisition has no material adverse impact on business operation and financial position of group .Refers to announcement in relation to acquisition of entire equity interest in Shining International.

Hainan Haide Industry sees Q1 FY 2017 net profit to up 643.5 pct to 829.4 pct

Thursday, 13 Apr 2017 05:47am EDT

Hainan Haide Industry Co Ltd <000567.SZ> : Sees Q1 FY 2017 net profit to increase by 643.5 percent to 829.4 percent, or to be 16 million yuan to 20 million yuan . Says Q1 FY 2016 net profit was 2.2 million yuan .Says accomplish of business transformation as main reason for the forecast.

Hunters Property says FY adjusted pretax profit rose 31 pct

Wednesday, 12 Apr 2017 02:41am EDT

Hunters Property Plc : Announces its preliminary results for year ended 31 december 2016 . FY network income rose 17 percent to £35.4 million . FY revenue increased by 15 percent to £13.8 million . FY adjusted profit before tax increased 31 percent to £1.86 million . Proposed 30 percent increase in final dividend to 1.30p, increasing fy dividend by 27 percent to 1.90p . "Q1 has started well taking us past 200 branches" . Continue to out-perform general market activity; instructions up on last year and pipeline of new branch prospects remains healthy . Continue to see numbers outperforming market conditions with instructions for first two months up 9% versus same period last year . "Do not believe we will be significantly impacted" by government's intention to ban lettings tenant fees ."May benefit from such a ban in any event as independent agents seek assistance of networks to grow replacement revenue".

Mulpha International updates on impact of Cyclone Debbie on One&Only Hayman Island

Tuesday, 11 Apr 2017 05:45am EDT

Mulpha International Bhd : Updates regarding impact of cyclone debbie on One&Only Hayman Island . Initial assessments have determined that damage across resort is sufficiently extensive to require closure of resort for rectification works until about mid 2018 . Property is covered under property insurance policy subject to a deductible of up to A$10 million .Property is also covered under business interruption cover to protect impact on trading results for a period of up to 24 months.

Shanghai Chinafortune to buy 66 pct stake in securities company via assets and share issue

Friday, 7 Apr 2017 04:55am EDT

Shanghai Chinafortune Co Ltd <600621.SS> : Says it will issue 416.8 million shares at 9.59 yuan per share use its real estate business assets in exchange for 66 percent stake in a Shanghai-based securities company .Says it will issue 120 million shares at 10.60 yuan per share via private placement, to raise 1.27 billion yuan for following operations.

Coassets to cease Australian crowdfunding, funds management business operations

Thursday, 6 Apr 2017 12:53am EDT

Coassets Ltd : Says will cease operations of its Australian crowdfunding business and its Australian funds management business with immediate effect .Corporate authorised representative agreement between its subsidiary and Melbourne Securities Corporation Limited has now terminated.

Shenzhen Properties & Resources Development Group sees Q1 FY 2017 net profit to sharply up 51,624 pct

Monday, 3 Apr 2017 01:51am EDT

Shenzhen Properties & Resources Development Group Ltd <000011.SZ> : Sees Q1 FY 2017 net profit to increase by 51,624 percent, or to be 300 million yuan . Says Q1 FY 2016 net profit was 580,000 yuan .Says sharply increased revenue from real estate business as main reason for the forecast.

Yunnan Tourism to swing to profit in Q1 FY 2017

Friday, 31 Mar 2017 05:10am EDT

Yunnan Tourism Co Ltd <002059.SZ> : Sees Q1 FY 2017 net profit to be 0 to 5 million yuan . Says Q1 FY 2016 net loss was 12.3 million yuan .The main reasons for the forecast are steady development of business and contribution from controlling units.

Global Logistic Properties updates on strategic review

Thursday, 30 Mar 2017 05:09am EDT

Global Logistic Properties Limited : Update On Strategic Review . special committee remains in discussions with such parties and that these parties have commenced due diligence on company. . wishes to re-emphasise that all terms of proposals received (including price) are non-binding . company wishes to remind all shareholders of company to refrain from taking any action in respect of their shares or other securities of company . Company wishes to update that special committee remains in discussions with such parties .There is no certainty that any definitive transaction will materialise from, or that any offer will be made.

Shenzhen Sunrise New Energy sees Q1 FY 2017 net profit up 0 to 30 pct

Thursday, 30 Mar 2017 04:19am EDT

Shenzhen Sunrise New Energy Co Ltd <002256.SZ> : Sees Q1 FY 2017 net profit to increase by 0 to 30 percent, or to be 19.5 million yuan to 25.3 million yuan . Says Q1 FY 2016 net profit was 19.5 million yuan .The reason for the forecast is gain from new energy business.

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