Hoi Sing Holdings

Name changed

Hoi Sing Holdings was renamed CEF Concord Holdings after a special general meeting held yesterday.

Tuesday, 23 April, 1996, 12:00am

Promises fail to lift Hoi Sing

CONSTRUCTION firm Hoi Sing Holdings failed to interest stock buyers, despite pledges of technology injection from new owner Far East Aluminium (Holdings).

Share consolidation and right issues immediately after a takeover in the summer put additional pressure on share prices. Over the year the share fell 70 per cent to 78 cents.

30 Dec 1995 - 12:00am

Hoi Sing plunges on low takeover offer

THE price of construction firm Hoi Sing Holdings plummeted yesterday as hopes for a good price in the event of a takeover offer were dashed.

Hoi Sing and its substantial shareholder Shougang Concord Grand (Group) revealed in a joint statement the unnamed prospective buyer for Shougang Grand's stake in Hoi Sing would not exceed 40 cents.

14 Apr 1995 - 12:00am

Hoi Sing puts $339m in highways project

HOI Sing Holdings has announced financing details for construction of a major highways project in Guangdong.

A spokesman for Hoi Sing said yesterday it planned to invest about 380 million yuan (about HK$339 million) in the joint-venture project which would consist of highways and toll roads in Xinhui.

2 Jul 1994 - 12:00am

Low interim for Hoi Sing

HOI Sing Holdings, the parent of construction company Hoi Sing Construction, has reported an interim net profit of $585,000 for the six months to September 30.

15 Jan 1994 - 12:00am

Hoi Sing holding grows

SHOUGANG Concord Grand (Group) has acquired an additional 2,000 shares and 400 warrants of Hoi Sing Holdings by the close yesterday of its unconditional cash offer for all the outstanding shares and warrants of the company.

Shougang Concord and Dragon Light now have a 50.77 per cent interest, or 129.98 million shares, in Hoi Sing.

24 Sep 1993 - 12:00am

Hoi Sing results plunge

HOI Sing Holdings, which is being taken over by Kader Investment, has reported a 82.5 per cent fall in profit to $4.6 million for the year ended March 31, compared with $26.3 million for the previous year.

The company said the profit drop reflected a general decline in construction-related activity, internal provisions and increased overheads.

20 Aug 1993 - 12:00am

Kader-led group buys 51.99pc of Hoi Sing

A KADER Investment-led group has agreed to buy a 51.99 per cent interest in Hoi Sing Holdings for about $174 million.

Under the deal, Dragon Light, which is 74.05 per cent owned by Kader and 25.95 per cent by the Charm family, will buy 129.9 million Hoi Sing shares at $1.34 each.

13 Aug 1993 - 12:00am

Stake sought

KADER Investment yesterday confirmed market rumours that it was negotiating to take a major stake in Hong Kong-listed Hoi Sing Holdings.

If Kader achieves a majority holding, it will be tantamount to another back-door listing for mainland steel-making group Shougang Holdings.

10 Aug 1993 - 12:00am