NWS Holdings Ltd (0659.HK)
23 Feb 2018
Latest Key Developments (Source: Significant Developments)
Jan 12 (Reuters) - Nws Holdings Ltd <0659.HK>::ANNOUNCES PARTIAL DISPOSAL OF INTERESTS IN BEIJING CAPITAL INTERNATIONAL AIRPORT COMPANY LIMITED.EXPECTS TO RECOGNIZE A PROFIT ON DISPOSAL UNDER PLACING IN AMOUNT OF ABOUT HK$0.8 BILLION.UNIT & J.P. MORGAN SECURITIES ENTERED AGREEMENT FOR PLACING OF 208 MILLION H SHARES OF BCIA HELD BY UNIT FOR HK$11.35 PER H SHARE OF BCIA. Full Article
Bank of East Asia Holdings Limited <0023.HK>: Bank, NWS Holdings and East Asia Secretaries entered into a share purchase agreement with Trivium for sale of all issued shares of Tricor . Deal for a cash consideration of HK$6,469.7 million . Expected that proceeds from disposal will be used as general working capital of bank and for its future business development . Bank is expected to book a profit in amount of about HK$3.100 billion in respect of disposal .Immediately after closing, bank will cease to hold any equity interest in Tricor and Tricor will cease to be a subsidiary of bank. Full Article
Nws Holdings Ltd <0659.HK> : FY revenue of HK$29.50 billion versus HK$24.49 billion . Proposed final dividend per share of HK$0.34 . "Outlook of coal-fired power remains overshadowed by slowing electricity demand and rigorous emission controls" . "Outlook of domestic retail market will remain subdued as slowdown in inbound tourism is likely to continue" . FY net profit HK$4.91 billion versus HK$ 4.48 billion ."Outlook of aviation market remains robust". Full Article
New World Development Co Ltd <0017.HK>: Gain arising from the disposal will be approximately HK$0.85 billion in the financial year ending 30 June 2016 . Units entered into the sale and purchase agreement . Consideration payable by the purchaser to the vendor is HK$3.75 billion . Sale and purchase agreement in respect of the disposal of Shine Fame and the assignment of debt . Full Article
HONG KONG, Jan 12 Hong Kong construction-to-transport group NWS Holdings Ltd said on Friday it would to sell HK$2.36 billion ($301.7 million) worth of Beijing Capital International Airport Co Ltd in a share sale, generating cash resources to fund other investment projects.