Guoco Group Ltd (0053.HK)
17 Aug 2018
Latest Key Developments (Source: Significant Developments)
July 2 (Reuters) - Guoco Group Ltd <0053.HK>::UNIT OF HONG LEONG FINANCIAL GROUP REQUESTED THAT GUOCO BOARD PUT FORWARD A PROPOSAL WHICH WILL INVOLVE PRIVATISATION OF GUOCO.AGGREGATE TOTAL PRICE PAYABLE IN CASH FOR ALL SCHEME SHARES UNDER PROPOSAL IS ABOUT HK$12.49 BILLION.SCHEME SHAREHOLDERS ELECTING TO RECEIVE CASH ALTERNATIVE WILL BE ENTITLED TO RECEIVE A TOTAL PRICE OF HK$135 PER SCHEME SHARE. Full Article
Guoco Group Ltd <0053.HK>: Quek Leng Chan has relinquished his position as a director and the chairman of the board . Tang Hong Cheong has been appointed as a director and the president & CEO of the company . Kwek Leng Hai has been re-designated from president, CEO to the executive chairman of the board . Full Article
Guoco Group Ltd <0053.HK>: Says fy turnover hk$ 18.88 bln versus hk$33.77 bln . Guoco group-...more announcement of final results for the year ended 30 june 2016 <0053.hk> . Says fy net profit hk$3.09 bln versus hk$4.63 bln . Proposed final dividend of hk$3.00 per share . Expects to launch three refurbished hotels in the next year . Says in the global oil market, oil prices are not expected to recover significantly in the coming year . Full Article
Shares in Britain's Rank Group fell as much as 7 percent on Thursday after the bingo and casino hall operator posted a 40 percent drop in full-year profit and its new management announced a plan to boost revenue and cut costs.