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China Travel International Investment Hong Kong Unit Entered Agreement To Undertake Reorganisation

Friday, 9 Aug 2019 10:39am EDT

Aug 9 (Reuters) - China Travel International Investment Hong Kong Ltd <0308.HK>::UNIT ENTERED AGREEMENT WHEREIN UNIT, CHINA TRAVEL, CHINA TRAVEL AIR & CTSHK UNDERTAKE REORGANISATION.CTS HEAD OFFICE AGREES TO ACQUIRE 100% OF CHINA TRAVEL (HK & MACAU TOUR) FOR HK$5.1 MILLION.GROUP EXPECTS TO RECORD A LOSS OF ABOUT HK$6.2 MILLION IN RELATION TO DISPOSAL.

Actic Group Expects Q2 Net Sales In Line With Previous Year

Friday, 19 Jul 2019 01:25am EDT

July 19 (Reuters) - Actic Group AB ::RESTRUCTURING COSTS ARE CHARGED TO Q2 - NET SALES IN LINE WITH THE PREVIOUS YEAR.NET SALES DURING Q2 ARE EXPECTED TO BE IN LINE WITH PREVIOUS YEAR..SALES OF NEW MEMBERSHIPS HAVE DEVELOPED POSITIVELY IN RECENT MONTHS IN ALL MARKETS, WHILE CHURN HAS BEEN STABLE..PRELIMINARY EBIT IN Q2 AMOUNTED TO APPROX. SEK 0 MILLION, COMPARED WITH LAST YEAR'S APPROX. SEK 20 MILLION..WORK ON INCREASING PROFITABILITY OR PHASING OUT FACILITIES THAT DO NOT ACHIEVES INTERNAL PROFITABILITY TARGETS CONTINUES.PLAN TO INCREASE ORGANISATION'S PROFITABILITY AND PRODUCTIVITY THROUGH MORE EFFICIENT OPERATIONS AND LOWER SUPPORT COSTS IS IMPLEMENTED GRADUALLY.HAS BEEN IN AN ADJUSTMENT PROCESS SINCE TURN OF YEAR, WHICH IN Q2 RESULTED IN ADDITIONAL COSTS TOTALING ALMOST SEK 12 MILLION.COSTS ARE ESTIMATED TO DECREASE BY APPROXIMATELY SEK 40-50 MILLION ON AN ANNUAL BASIS WITH FULL EFFECT FROM Q1 OF 2020.

Wanda Film Holding To Buy 96.83 Pct Stake In Wanda Media For 10.65 Bln Yuan Via Share Issue

Monday, 26 Nov 2018 06:58am EST

Nov 26 (Reuters) - Wanda Film Holding Co Ltd <002739.SZ>::SAYS IT REVISES PLAN, TO BUY 96.83 PERCENT STAKE IN WANDA MEDIA FOR 10.65 BILLION YUAN ($1.53 billion) VIA SHARE ISSUE.

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