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Shun Tak Holdings Ltd (0242.HK)

0242.HK on Hong Kong Stock

3.32HKD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Shun Tak Holdings Announces ‍Formation Of JV With Committed Capital US$500 Mln
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Shun Tak Holdings Ltd <0242.HK>::ANNOUNCES ‍ FORMATION OF JOINT VENTURE WITH TOTAL COMMITTED CAPITAL FOR JV CO US$500 MILLION​.‍UNIT TO BE INTERESTED IN 30% EQUITY INTEREST IN JV CO AND ITS COMMITMENT TO JV CO IS US$150 MILLION​.  Full Article

Shun Tak holdings updates on ticketing agreement with MPEL
Friday, 7 Oct 2016 

Shun Tak Holdings Ltd <0242.HK> : Stctsml entered into ticketing agreement with mpel to regulate sale of ferry tickets by stctsml to mce group . Term ticketing agreement will take effect from 7 october 2016 until 31 december 2018 Source (http://bit.ly/2dYwnQ7) Further company coverage: [0242.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shun Tak reports HY unaudited loss of HK$53 mln<0242.HK>
Tuesday, 30 Aug 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-2016 interim results announcement . HY unaudited loss attributable to owners of the company for the period was HK$53 million . Board has resolved not to declare an interim dividend in respect of the six months ended 30 June 2016 . HY revenue HK$1.87 billion versus HK$2.13 billion .It is expected that dividend income will remain constricted in the short to medium terms.  Full Article

Shun Tak Holdings issues profit warning<0242.HK>
Friday, 22 Jul 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-profit warning <0242.HK> . Expected decrease was mainly attributable to decline in revaluation of investment properties . Unaudited interim results of co and its subsidiaries for the six months ended 30 June 2016 are expected to decrease significantly .  Full Article

Shun Tak says project co entered into the main contract with CSCEC<0242.HK>
Friday, 24 Jun 2016 

Shun Tak Holdings Ltd <0242.HK>: Project company entered into the main contract with cscec . CSCEC is appointed as the main contractor for the construction of the development . CCEM won the tender for the main contract . Deal for contract sum of RMB1.31 billion .  Full Article

Shun Tak Holdings announces formation of joint venture<0242.HK>
Wednesday, 22 Jun 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-major transactions - Investment by the purchaser in Nova City and formation of joint venture <0242.HK> . Total investment of hk$3.23 billion comprising a share consideration of hk$1.85 billion . The company ,the share owner, unit of co and purchaser entered into the sale and purchase agreement . Says net proceeds to the group from the transactions will be approximately hk$3.0 billion . Co estimates the net potential gain before tax on the transactions to be approximately hk$1.3 billion to be recognised upon completion .  Full Article

Shun Tak Holdings announces acceptance of tender for property in Singapore<0242.HK>
Monday, 23 May 2016 

Shun Tak Holdings Ltd <0242.HK>: Vendor confirmed that it has accepted the tender at the consideration of sg$145 million . Stres received acceptance letter dated whereby vendor confirmed that it has accepted the tender at the consideration .  Full Article

Shun Tak says STRES submitted tender to acquire property located in central Singapore<0242.HK>
Thursday, 12 May 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-possible discloseable transaction tender for the property in Singapore . STRES submitted tender on to vendor to acquire property located in central Singapore for tender fee of SG$1 million . Says the consideration is to be satisfied by the internal resources of the group .  Full Article

Deals of the day-Mergers and acquisitions

Jan 4 The following bids, mergers, acquisitions and disposals were reported by 2135 GMT on Thursday: