Kingboard Chemical Holdings Ltd (0148.HK)
16 Mar 2018
BRIEF-Kingboard Chemical And Kingboard Laminates Expect An Increase In Underlying Net Profit For 2017
* FOR YEAR ENDED 31 DECEMBER 2017 KBC GROUP IS EXPECTING TO RECORD AN INCREASE IN UNDERLYING NET PROFIT OF OVER 60%
* UNIT AND CO ENTERED INTO SHARE PURCHASE AGREEMENT FOR RMB3,200 MILLION
* WIDE EARNEST BUYS LONDON PROPERTY FOR ABOUT HK$4,220 MILLION FROM KPMG LLP & KPMG CW PROPERTIES Source text for Eikon: Further company coverage: (firstname.lastname@example.org)
SHANGHAI Air China on Monday said it viewed Qatar Airways' acquisition of a 9.61 percent stake in Cathay Pacific Airways Ltd "positively" and that it hoped the shareholders could work together to find synergies.
HONG KONG (Reuters Breakingviews) - Qatar Airways has landed in the centre of the debate about Cathay Pacific’s future. The state-owned Middle Eastern carrier is buying nearly 10 percent of its struggling Hong Kong counterpart for about $661 million. That may not be a money-spinner for the Qataris, but it will certainly complicate any future manoeuvring over Cathay’s ownership.
SINGAPORE/DUBAI, Nov 6 Hong Kong's Kingboard Chemical Holdings on Monday said it had agreed to sell its 9.6 percent stake in Cathay Pacific Airways to Middle Eastern carrier Qatar Airways for HK$5.16 billion ($661 million).
* Due to disposal, group expects to recognize gain of about HK$800 million