Hong Kong contractor Chun Wo Holdings will become a mainland property developer with a two billion yuan investment in Shijiazhuang, the capital of Hebei province.Friday, 28 September, 2007, 12:00am
Hong Kong contractor Chun Wo Holdings will become a mainland property developer with a two billion yuan investment in Shijiazhuang, the capital of Hebei province.
The company, founded in 1968, will be renamed Chun Wo Development Holdings as part of the change.28 Sep 2007 - 12:00am
While Shanghai developers are up in arms over the land appreciation tax, calling it a threat to their existence in some cases, their Hong Kong-listed counterparts appear to be shrugging off the impact of the measure.
Construction firm-cum-developer Chun Wo Holdings and Guangzhou R&F Properties said the impact of the tax was manageable.22 Jan 2007 - 12:00am
Real estate agency Midland Realty (Holdings) has bought a 5.17 per cent stake in main-board listed contractor and developer Chun Wo Holdings for $28 million.
'We see the strategic value in Chun Wo as it has started to become involved in property development, in which prices are on an upswing trend,' Midland Realty group consultant Albert Wong said.21 Jan 2004 - 12:00am
Construction firm Chun Wo Holdings reported a net profit of HK$23.73 million for the six months to the end of September, up 10 per cent than a year earlier. An interim dividend of 0.75 HK cents was proposed. Earnings per share were 3.3 HK cents.19 Dec 2002 - 12:00am
Net profit at Chun Wo Holdings plunged 10 per cent from HK$46.38 million to HK$41.33 million for the year to March 31. Turnover fell from HK$2.71 billion to HK$2.31 billion in the period. The construction company said it now has HK$8.2 billion contacts in hand, with about HK$1.5 billion outstanding.16 Jul 2002 - 12:00am
Civil engineering firm Chun Wo Holdings has disclosed it provided affiliates with $542.56 million in financial aid, equalling at least a quarter of its net assets.
The financial assistance to a string of joint ventures in Hong Kong was offered in the form of guarantees or unsecured interest-free loans.25 Jan 1999 - 12:00am
Chun Wo Holdings said yesterday the $66 million raised through its share placement exercise in May was not used to finance a new infrastructure project in Zhejiang as intended. Instead $35 million was diverted as additional working capital for six existing construction projects.14 Jul 1998 - 12:00am
Construction firm Chun Wo Holdings said yesterday that net profits improved 26 per cent to $66 million for the year to March from $52.2 million last year. Turnover was up 65 per cent to $2.64 billion this year. Earnings per share rose 7 per cent to 16.1 cents from 15 cents per share previously.31 Jul 1997 - 12:00am