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HRG Group says CEO Omar Asali has informed company that he will resign

Wednesday, 22 Mar 2017 05:00pm EDT

HRG Group Inc : HRG Group provides update on ceo transition . HRG Group provides update on ceo transition . HRG Group Inc says Joseph Steinberg, company's chairman, will assume additional position of chief executive officer .HRG Group Inc - Omar Asali, president and chief executive officer, has informed company that he will resign from company.

Haier Electronics says FY net profit RMB2.79 bln vs RMB2.70 bln

Wednesday, 22 Mar 2017 06:12am EDT

Haier Electronics Group Co Ltd <1169.HK>: Proposed final dividend per share hk17 cents . Looking into 2017, remain optimistic about prospects of white goods, distribution and logistics businesses . FY net profit rmb 2.79 billion versus rmb 2.70 billion .FY revenue rmb 63.85 billion, up 1.6%.

Kuka wins major automotive order, proposes dividend of 0.50 euros/shr

Wednesday, 22 Mar 2017 02:15am EDT

Kuka Ag : Kuka wins major automotive order . Robotics division has received a major new order in the double-digit million euro range from a German premium car manufacturer . Framework agreement with the Daimler AG encompasses the supply of multiple industrial robots of the KR Quantec generation and the integrated KRC4 controller, as well as robots from the KR Fortec heavy-duty series . Deliveries will commence in 2018 . Sales revenues of Kuka Group reached a value of 2,948.9 million euros ($3.19 billion) in 2016 and were thus at almost the same level as the previous year, when they amounted to 2,965.9 million euros . FY earnings before interest and taxes (EBIT) of 166.0 million euros (2015: 194.3 million euros) . Order backlog of 2.0 billion euros (+25.0 pct) at year-end, ensuring a high level of capacity utilization in 2017 . Dividend recommendation 0.50 euros per share . Anticipates high demand in fiscal 2017, particularly from china and north america . Is anticipating sales revenues of around 3.1 billion euros in fiscal 2017 .Expects to achieve 2017 EBIT margin of more than 5.5 pct before purchase price allocation for Swisslog and also before growth investments amounting to 5 / 8 about 45 million euros.

Wuxi Hodgen Technology forms cooperation with Shanghai tech-transfer firm

Wednesday, 22 Mar 2017 01:18am EDT

Wuxi Hodgen Technology Co., Ltd.<300279.SZ>:Says it formed cooperation with Shanghai-based tech-transfer firm on development of intelligent life.

Zhejiang Haers Vacuum Containers sees Q1 FY 2017 net profit up 220 pct to 260 pct

Tuesday, 21 Mar 2017 04:12am EDT

Zhejiang Haers Vacuum Containers Co Ltd <002615.SZ> : Sees Q1 FY 2017 net profit to increase by 220 percent to 260 percent, or to be 33.1 million yuan to 37.3 million yuan . Says Q1 FY 2016 net profit was 10.4 million yuan .The reasons for the forecast are sufficient overseas orders and government subsidies.

Sandmartin International says it proposes to increase its authorised share capital to HK$1 bln

Monday, 20 Mar 2017 09:48am EDT

Sandmartin International Holdings Ltd <0482.HK>- : Company and underwriter agreed to carry out open offer to raise approximately hk$236.1 million . Open offer in order to raise funds to ease liquidity issue of group and support development of myhd . Offer involving allotment and issue of 1.97 billion open offer shares at offer price of hk$0.12 per open offer share . Board proposes to increase authorised share capital of company from hk$300 million to hk$1 billion .Increase in authorised share capital by creation of an additional 7 billion unissued shares.

Suzhou Hesheng Special Material unit completes acquisition of Capital Steward Global Limited

Friday, 17 Mar 2017 04:54am EDT

Suzhou Hesheng Special Material Co Ltd <002290.SZ> : Says its unit completes acquisition of 100 percent stake in Capital Steward Global Limited .Co's composite material unit was recognized as high-tech enterprise and will enjoy a tax preference of 15 percent for three years.

Allan International Cheung Lun has been appointed as honorary chairman

Friday, 17 Mar 2017 12:01am EDT

Allan International Holdings Ltd <0684.HK>: Cheung Lun has ceased to be chairman and has been re-designated as a non-executive director and appointed as honorary chairman .Cheung Lai Chun, Maggie executive director of group, have been appointed as chairman.

Tangshan Jidong Equipment to scrap delisting risk warning after returning to profit in 2016

Thursday, 16 Mar 2017 05:38am EDT

Tangshan Jidong Equipment Engineering Co Ltd <000856.SZ> : Says it returns to net profit of 23.1 million yuan ($3.35 million) in 2016 versus net loss of 203.1 million yuan year ago .Says it applies to cancel delisting risk warning after it has returned to net profit in 2016.


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