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Lee & Man Paper Manufacturing Ltd (2314.HK)

2314.HK on Hong Kong Stock

8.71HKD
23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Lee & Man Paper Manufacturing Posts FY Net Profit Of HK$‍5.04 Bln
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Lee & Man Paper Manufacturing Ltd <2314.HK>::FY NET PROFIT HK$‍5,040​ MILLION VERSUS HK$2,863 MILLION.‍REVENUE FOR YEAR OF HK$25,837 MILLION VERSUS HK$18,342 MILLION​.‍FINAL DIVIDEND OF HK20.0 CENTS PER SHARE.​.‍DESPITE SLOWDOWN IN ECONOMIC GROWTH IN CHINA, LOCAL DEMAND FOR PACKAGING PAPER IS EXPECTED TO GROW STEADILY IN LONG RUN​."GROUP IS OPTIMISTIC ABOUT OUTLOOK OF BOTH PACKAGING PAPER SEGMENT AND PAPER INDUSTRY AS A WHOLE"​."‍TISSUE PAPER BUSINESS IS EXPECTED TO CONTRIBUTE CONSIDERABLE PROFIT TO GROUP IN THE FUTURE"​.  Full Article

Lee & Man Paper Manufacturing's HY net profit rises 53.4%
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Lee & Man Paper Manufacturing Ltd <2314.HK>:HY net profit increased by 53.4 pct to HK$2.19 billion.Declared interim dividend of HK17.0 cents per share..HY revenue increased by 36.7 pct to HK$11.44 billion.Tissue paper business is therefore expected to contribute considerable profit to group.In China, local demand for packaging paper is expected to grow steadily in long run.Group is optimistic about outlook of both packaging paper segment and paper industry as a whole.  Full Article

Lee & Man Paper Manufacturing says entered into a facility agreement
Tuesday, 4 Jul 2017 

July 4 (Reuters) - Lee & Man Paper Manufacturing Ltd <2314.HK>::Company entered into a facility agreement.Million Profit Corp entered facility agreement with consortium of lenders in relation to hk$2.4 billion term loan facility​.Lee family to legally and beneficially own in aggregate at least 51% of entire issued share capital of and equity interests in co.  Full Article

Lee & Man Chemical says co to supply chemical products to LMP Group
Thursday, 1 Jun 2017 

June 1 (Reuters) - Lee & Man Chemical Co Ltd <0746.HK>::New chemicals purchase agreement was entered into between Lee & Man Chemical Company Limited and Lee & Man Paper Manufacturing.LMC Group would supply various industrial chemical products to LMP Group.  Full Article

Lee & Man Paper Manufacturing FY profit of HK$ 2.86 bln
Tuesday, 28 Feb 2017 

Lee & Man Paper Manufacturing Ltd <2314.HK> : FY profit for the year attributable hk$ 2.86 billion versus hk$2.33 billion . Expected that paper machine project in hau giang, vietnam will begin operation in march this year . FY revenue hk$ 18.34 billion versus hk$17.62 billion .FY proposed final dividend of hk 11 cents per share.  Full Article

Lee & Man Paper Manufacturing's unit signs deal for purchase of a yacht
Friday, 14 Oct 2016 

Lee & Man Paper Manufacturing Ltd <2314.HK> : Vendor and purchaser entered into agreement whereby vendor has agreed to sell and purchaser has agreed to purchase yacht . deal for consideration of hk$70.2 million . Vendor is Lee & Man Realty Investment Limited .Purchaser is Vantage Dragon Limited.  Full Article

Lee and Man Paper Manufacturing says Lee kwok enters facility agreements<2314.HK>
Friday, 26 Aug 2016 

Lee & Man Paper Manufacturing Ltd <2314.HK>: Says Lee kwok entered into the facility agreements . Two facility agreements are in respect of two separate term loan facilities of hk$2 billion each . Deal with two consortiums of lenders, one with Hongkong And Shanghai Banking Corporation Ltd as agent and other with Hang Seng Bank Ltd as agent .  Full Article

Lee & Man Paper Manufacturing says HY net profit increased by 27.7pct to HK$1.43 bln<2314.HK>
Monday, 1 Aug 2016 

Lee & Man Paper Manufacturing Ltd <2314.HK>: Interim results announcement for the six months ended 30 June 2016 <2314.HK> . HY revenue decreased by 3.8% to HK$8.37 billion as compared to the last corresponding period . Declared interim dividend of HK11.0 cents per share . Manufacturing -HY net profit increased by 27.7% to HK$1.43 billion . Paper production project in Vietnam - with an annual production capacity of 400,000 tons - expected to begin operation in Q4 2016 . With demand for packaging paper in China expected to grow steadily in long run,group is confident about outlook of paper industry .  Full Article