Sun Sep 15, 2019 22:02
English | 繁體 | 简体
Click here to toggle text size
Hanison (00896) to share $167M profit from disposal
19 Aug 2019
(Infocast News) Victorious Troops, a 50%-owned JV company of Hanison Construction (00896), has entered into a formal sale-and-purchase agreement for the sale of the entire issued share capital of Popular Castle to Goodway Asia at a consideration which equals the aggregate of HK$1.08 billion and the consolidated NAV of the Popular Castle group.

Popular Castle owns godowns, workshops, main roof and car parking spaces of Central Industrial Building at 57-61 Ta Chuen Ping Street, Kwai Chung, New Territories, Hong Kong.

Upon completion of the deal, the Hanison Construction group is expected to record a share of profit of joint ventures of HK$167.256 million (before costs, expenses and taxes relating to the disposal) in the second half of the financial year ending 31 March 2020.

(WL)
© Copyright Quamnet. All rights reserved. Republish the contents in whole or in part other than the authorized methods below, Quamnet reserves the right to proceed legal action.
Market Update
A founding member of:
China Tonghai IR:
Sitemap  |  About Us  |  Contact Us  |  Disclaimers     English | 繁體 | 简体  
Tonghai Financial:
China Tonghai International Financial Limited  |  China Tonghai Capital  |  China Tonghai Securities
Oceanwide Financial Management   |  Quamnet
 
Information of TonghaiIR (Investor Relations):
[Hong Kong Listed Company Information] [Financial News] [Announcement Alerts] [Free Delayed Stock Quote] [Chart]
[Hong Kong stock information]

TonghaiIR (Investor Relations) Services:
[Listed Companies Information] [Listed Companies Financial Information] [Listed Companies Announcements]
[Listed Companies Circulars] [Listed Companies News] [Press Releases] [Listed Companies Event Calendar]
[Listed Companies Presentations] [Proxy Forms]

China Tonghai IR (Investor Relations):
[Securities Firms] [Fund Houses] [Venture Capitals] [Financial Public Relations Agencies] [Financial Printers]
Investor Relations Dictionary:
[Listed Companies Result Announcement] [Financial Report] [Interim Report] [Annual General Meeting]
[Extraordinary General Meeting] [Board Meeting] [Annual Report] [Contact Listed Companies Investor Relations]
[Company Information Sheet] [Next Day Disclosure Return] [News Release] [IPO] [Prospectus] [Stock Quote] [Trading Volume]