Heng Fung Holdings


Online credit service provider Heng Fung Holdings is selling part of its 27 per cent stake in China Gas Holdings, marking a change of significant shareholder for the second time in the past year. The firms suspended trading yesterday, pending an announcement on the sale.

Saturday, 15 March, 2003, 12:00am

Heng Fung narrows loss

Heng Fung Holdings narrowed its net loss to HK$39.7 million for the year to March 31 from HK$99.82 a year earlier. Loss per share was 3.13 HK cents. Turnover fell 10.25 per cent to HK$60.68 million.

29 Jul 2002 - 12:00am

Heng Fung turnover slumps

Property development and investment firm Heng Fung Holdings has suffered a $28.4 million net loss in the six months to September 30 from a $4.79 million profit in the same period last year. Turnover slumped to $20.72 million from $136.81 million. The loss per share was 2.27 cents, against a 0.57 cent gain previously.

29 Dec 1998 - 12:00am

Heng Fung corrects price error

Heng Fung Holdings says a timing error during its share placement deal last month caused a one-cent mistake in the pricing of its warrants dated October 16. Heng Fung said the price of the warrants should be 46 cents rather than 47 cents and it would recompense affected warrant holders.

20 Oct 1997 - 12:00am

Anex makes $40m placement

Electrical appliance-maker Anex International yesterday said it would place a $40 million convertible note with Heng Fung Holdings. The three-year note carries a coupon of 7 per cent and is exchangeable into 61.5 million new shares at 65 cents per share. The new shares will represent about 15 per cent of Anex's enlarged share capital.

2 Aug 1997 - 12:00am

Placement in offing

Heng Fung Holdings plans to raise $32.59 million by placing 77.6 million new shares at 42 cents each to 10 independent investors.

The new shares represent 16.52 per cent of the enlarged capital.

13 Jan 1997 - 12:00am