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  • September 23, 2014
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  1. Sino-Ocean targets record 30b yuan in sales

    Posted Mar 19th 2011, 12:00am by Yvonne Liu

    ... The central government's cooling measures in the property market have not stopped Sino-Ocean Land Holdings aiming for record contract sales of 30 billion yuan (HK$35.62 billion) ... yuan. We are confident of achieving our sales target,' chairman Li Ming said yesterday. Sino-Ocean posted a jump of 54 per cent to 2.44 billion yuan in net profit last year from 2009. ...

  2. Ocean Grand chief, partners jailed for 'elaborate' HK$180m frauds

    Posted Oct 09th 2010, 12:00am by Austin Chiu

    ... Austin Chiu Former Ocean Grand Holdings chairman Michael Yip Kim-po has been jailed for seven years- the maximum allowed in the District Court- for his part in elaborate fraud schemes ... counts of conspiracy to defraud and two of publishing a false statement in two schemes he orchestrated, to con Ocean Grand into paying funds to shell companies set up under his instruction ...

  3. Ocean Grand ex-boss, sister, deny fraud

    Posted Jul 07th 2009, 12:00am by Joyce Man

    ... Joyce Man The former chairman of Ocean Grand Holdings and his sister stood trial yesterday on a series of fraud charges for what were described in court as schemes involving fake and overly expensive purchase orders for metal-processing machinery. Michael Yip Kim-po, 48, and his sister Yip Wan-fung, 41, an Ocean Grand director, pleaded not guilty in the District Court. Also ...

  4. Sino-Ocean Land bond issue to raise 2.6b yuan

    Posted Jun 20th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Sino-Ocean Land Holdings, the largest developer in Beijing, has received approval to raise 2.6 billion yuan (HK$2.95 billion) from corporate bond issues on the mainland. ... at 4.4 to 5 per cent. Sino-Ocean Land would have an option to increase the coupon rate by 0 to 100 basis points by the end of the third year. Christina Ngai, an analyst at Sun Hung Kai ...

  5. Sino-Ocean property revenue hits 60pc of target

    Posted May 16th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Sino-Ocean Land Holdings, the largest developer in Beijing, has set a record by achieving more than 60 per cent of its sales target of 8 billion yuan (HK$9.08 billion) ... in the second half to exceed that in the first,' he said. Sino-Ocean Land has more than 10 billion yuan cash on hand to buy new sites this year. 'We have strong affordability to acquire sites ...

  6. Foshan firm sues ex-chairman of Ocean Grand for 105m yuan

    Posted Aug 02nd 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu The arrested chairman of collapsed Ocean Grand Holdings, Michael Yip Kim-po, is being sued by a Foshan-based firm claiming 105.37 million yuan (HK$120.5 million) for an overdue ... Court Judge Louis Chan ruled in favour of the bank because Yip had guaranteed the loan. Ocean Grand and its subsidiary Ocean Grand Chemicals Holdings collapsed in July 2006 after an audit found ...

  7. Ocean Grand warns buyout target

    Posted May 24th 2004, 12:00am by Eric Ng

    ... Eric Ng Aluminium products manufacturer Ocean Grand Holdings has given an ultimatum to the management of a state-owned acquisition target- resolve a 100 million yuan employee compensation ... refrigerators and ceiling fixtures,' he said. The potential acquisition could add 100,000 tonnes of production capacity to the company's existing 70,000 tonnes. Ocean Grand has been in talks ...

  8. Ocean Grand eyes acquisition of rival

    Posted Sep 24th 2003, 12:00am by Eric Ng

    ... Aluminium extrusion producer Ocean Grand Holdings is in talks to acquire a state-owned firm which could more than double its production capacity. Chairman Michael Yip Kim-po yesterday said the company was in negotiations to buy out a rival in the Yangtze River delta. If it goes ahead, Ocean Grand's production capacity would rise to 170,000 tonnes a year from 70,000 tonnes now. ...

  9. Signed bat from Indian cricket legend adds to funds raised

    Posted Dec 20th 2008, 12:00am by Mary Ann, Mary Ann Benitez

    ... Mary Ann Benitez Sporting donation came as Royal Bank of Scotland planned its staff Christmas fair A bat signed by Sachin Tendulkar, India's cricketing superstar, could not have come at a better time for a bank planning to hold a Christmas fair with ...

  10. Police supercomputer will help identify source of BEA rumours

    Posted Sep 26th 2008, 12:00am by Danny Mok

    ... Phyllis Tsang, Joshua But and Danny Mok Police are using a supercomputer to investigate the cause of the Bank of East Asia run. Secretary for Security Ambrose Lee Siu-kwong yesterday said the computer, which was previously used to track down those missing in the Indian Ocean tsunami four years ago, would help to trace the rumour that caused the financial chaos. Mr Lee said ...




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