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St. Modwen says HY EPRA NAV per share up 1.7 pct

Tuesday, 4 Jul 2017 02:00am EDT

July 4 (Reuters) - St. Modwen Properties Plc :Interim dividend up 4.1 percent to 2.02 pence per share.Business continued its resilient performance across first six months of year, despite an uncertain market environment- CEO.HY EPRA NAV per share up 1.7 pct to 468.4 pence (Nov. 2016: 460.5 pence) and NAV per share up 2.0 pct to 439.6 pence from 431.0 pence.Total accounting return for six months of 2.6 pct (2016: 1.8 pct).HY profit before all tax of 29.3 mln stg (2016: 30.0 mln stg).Interim dividend increased by 4.1 pct to 2.02 pence per share (2016: 1.94 pence per share).Resilient commercial performance with approximately 400,000 sq ft of commercial space delivered in first half.Strong residential performance with operating profits of 13.4 mln stg (2016: 12.9 mln stg).Review of strategy and portfolio now complete and highlighting significant potential within business and portfolio.Upon completion, sale of nine elms square releases significant capital to pursue strategic opportunities.

Anchor Land Holdings clarifies on news article in Business Mirror

Friday, 30 Jun 2017 02:33am EDT

June 30 (Reuters) - Anchor Land Holdings Inc :Refers to news article “Anchor Land to spend P8 billion this year, eyes Boracay and Palawan tourism projects” in Business Mirror.Clarifies that co started 2 projects, Anchor Grandsuites in Binondo & Alhi corporate center (not conference office) in Aseana business park.Clarifies that ALHI’s Boracay property is almost 26,000 square meters.

Long Bon International plans merger with unit

Thursday, 29 Jun 2017 05:26am EDT

June 29 (Reuters) - Long Bon International Co Ltd <2514.TW> ::* Says it plans to merge with its wholly owned unit, with effective date on Aug. 10 .* Says the unit will be dissolved after transaction .

Tian Shan Development updates on co-operation agreement

Monday, 26 Jun 2017 07:39am EDT

June 26 (Reuters) - Tian Shan Development Holding Ltd <2118.HK>-:Refers to circular on major transaction in relation to co-operation agreement.Tangshan investment and hebei investment failed to further perform obligations and arrangements under co-operation agreement​.‍Transactions contemplated under co-operation agreement are unable to proceed further​.Legal proceedings,termination of co-operation agreement shall have no material adverse impact on existing business operation,financial position of group.Units ‍ initiated legal proceedings against Tangshan Investment, Hebei Investment And Tangshan Real Estate​.

O-uccino announces abolition of Internet advertising agency business

Friday, 23 Jun 2017 03:13am EDT

June 23(Reuters) - O-uccino Inc <6084.T>:Says it plans to abolish Internet advertising agency business on the last day of August.

HNA Innovation to write off Shanghai enterprise management unit

Wednesday, 21 Jun 2017 10:56pm EDT

June 22 (Reuters) - HNA Innovation Co Ltd <600555.SS> ::* Says it plans to write off its wholly owned Shanghai-based enterprise management subsidiary .

MRC Allied Inc clarifies regarding news article

Monday, 19 Jun 2017 12:31am EDT

June 19 (Reuters) - MRC Allied Inc ::Refers to businessmirror article titled “MRC Allied to spend P80b-P100b to generate 1,000 MW in 5 years.”.Clarifies that the company already started to venture into the renewable energy business sometime in 2015.Clarifies that renewable energy projects needed to attain a target of at least 1000mw capacity in 5 years are still to be identified.

Modern Land (China) terminates transfer agreement for acquisition a PRC co

Friday, 16 Jun 2017 08:03am EDT

June 16 (Reuters) - Modern Land (China) Co Ltd <1107.HK>::Transaction involving acquisition of 100% equity interest in a PRC company holding a property development project in Yangzhou.Entered into a termination agreement to terminate transfer agreement.Vendors refunded RMB80 million, being first instalment of consideration to Zhanlan Moma prior to date of termination.Transfer agreement does not have adverse impact on business operations and financial position of group.

Nordicom updates on restructuring of Park Street Nordicom

Friday, 16 Jun 2017 07:07am EDT

June 16 (Reuters) - NORDICOM A/S ::‍HAVE NOW RECEIVED FINALISED TERM SHEETS FOR REFINANCING AND RESTRUCTURING OF EXISTING FACILITIES INTO LONG TERM DEBT FROM ALL KEY FINANCIAL CREDITORS​.‍THIS CREDITOR GROUP REPRESENTS 81% OF EXISTING DEBT​.‍THERE REMAIN SOME UNCERTAINTIES WITH CREDITORS REPRESENTING 5% OF DEBT WHERE DISCUSSIONS ARE ONGOING AND WITH RESPECT TO FINAL INTERNAL CREDIT COMMITTEE APPROVALS OF KEY CREDITORS​.AS STATED IN 2016 ANNUAL REPORT, 14% OF TOTAL FINANCIAL DEBT WAS RENEGOTIATED IN Q1 2017.RESULT OF NEGOTIATIONS IS IN LINE WITH EBVAT EXPECTATIONS FOR 2017 OUTLINED IN 2016 ANNUAL REPORT AND EXPECTED TIMELINE FOR CONCLUDING RESTRUCTURING.

Yamazen Homes to merge with unit

Friday, 9 Jun 2017 02:49am EDT

June 9(Reuters) - Yamazen Homes Co Ltd <1440.T>:Says it will merge with a wholly owned unit LIFULL Co., Ltd. <<<2120.T>>> on July 31.Says unit will be dissolved after merger.

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