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  1. Hang Lung sees net profit fall 75pc as its focus shifts

    Posted Jul 30th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com Lacking new flats to sell, Hang Lung Properties saw its net profit drop 75 per cent to HK$5.79 billion in the year to June, when other developers have ... to buying land. Despite its worst performance in 10 years, Hang Lung still recommended a final dividend of HK 54 cents per share, on par with last year's payout. Hang Lung shares dropped 2.4 ...

  2. Hang Lung acts to avert rising yuan costs

    Posted Sep 28th 2010, 12:00am by Sandy Li

    ... Sandy Li in Dalian Hang Lung Properties is taking steps to minimise possible construction cost increases caused by the appreciation of the yuan against the Hong Kong dollar on HK$30 ... of rental income from two of its properties in Shanghai, the company would consider taking out bank loans denominated in yuan if it needed more financing. Hang Lung's Plaza 66 and The Grand ...

  3. Results diary

    Posted Dec 20th 2006, 12:00am by Staff Reporter

    ... Today Interim: Artel Solutions Group Holdings, China Solar Energy Holdings, Extrawell Pharmaceutical Holdings, Foundation Group, Hang Fung Gold Technology, Jade Dynasty Group, Kwoon Chung Bus Holdings, L.K. Technology Holdings, Lung Cheong International Holdings, Mascotte Holdings, Mei Ah Entertainment Group, Mobicon Group, New Century Group Hong Kong, New World CyberBase, ...

  4. Wing Lung Bank rises 11pc amid stake sale news

    Posted Mar 21st 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu A buying spree in banking stocks has emerged with Wing Lung Bank's share price rising 13.66 per cent to a record intraday high of HK$116.50, after the lender announced ... Bank, while a Bloomberg report quoted sources as also naming Standard Chartered - which held almost 10 per cent of Wing Lung at one stage. Yesterday, spokesmen at the banks refused to comment. ...

  5. Wing Lung surges on talk of high buyout bid

    Posted Apr 01st 2008, 12:00am by Staff Reporter

    ... Maria Chan Shares of Wing Lung Bank surged as much as 18.27 per cent to a record intraday high of HK$139.80 yesterday, after Apple Daily reported that potential buyers might pay as much as 3.5 times book value for a controlling stake in the medium-sized bank. Wing Lung closed 14.81 per cent higher at HK$135.70, surpassing for the first time banking giant HSBC Holdings, which ...

  6. Hang Lung told to pay Sino Land HK$178m

    Posted Jan 16th 2008, 12:00am by Nick Gentle

    ... Nick Gentle Hang Lung Group has been ordered to pay about HK$178 million to Sino Land in interest on a deposit for a hotel its subsidiary, Atlas, failed to complete satisfactorily a decade ... last week to argue what the appropriate rate of interest on the deposit should be. Hang Lung had argued for Hong Kong interbank offered rate plus 0.8 percentage point while Sino Land demanded ...

  7. Hang Seng, Wing Lung buy into Yantai City Bank

    Posted Feb 01st 2008, 12:00am by Staff Reporter

    ... Maria Chan Hang Seng Bank, Hong Kong's third-biggest lender by assets, and smaller rival Wing Lung Bank have agreed to buy a combined 24.99 per cent of Shandong-based Yantai City ... Lung will pay 200 million yuan for a 4.99 per cent stake. 'It's a small acquisition, which will not provide transformational synergy but further business opportunities in the long ...

  8. Share fall prompts Hang Lung to mull raising stake in unit

    Posted Aug 20th 2007, 12:00am by Sandy Li

    ... Sandy Li Hang Lung Group may raise its stake in property development arm Hang Lung Properties as recent market turmoil has carried its share price down to an attractive level, said executive director Terry Ng Sze-yuen. Given that Hang Lung Properties' fundamentals remained unchanged and the share price was only affected by the global market rout, Mr Ng said ...

  9. Property stocks reel after Hang Lung, SHKP placements

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... in Hang Lung Properties, the third-largest developer by market value, raised US$50 million from a placement of 10.27 million shares at HK$37.90 per share. Sun Hung Kai Properties, the biggest ... as property counters have gained a lot recently.' The Hang Seng property index ended 3.41 per cent lower yesterday after touching a nine-year high of 39,345.69 points on Monday. Hang Lung ...

  10. Wing Lung cuts mortgage rates to 4.82pc

    Posted Feb 27th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bankers expect home-loan market competition to intensify Wing Lung Bank, one of three lenders that joined the mortgage war yesterday, is offering home loan rates as low as 4.82 ... and DBS Bank (Hong Kong) also stepped into the battle. Wing Lung cut its mortgage rate 0.18 percentage point to 3.18 percentage points below its prime rate, 4.82 per cent in real terms, ...




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