Lai Fung Holdings

Hong Kong tycoon's firm razes Guangzhou home of opera legend

The compound where Sit Kok-sin's mansion used to be.

Hong Kong tycoon Peter Lam Kin-ngok has been pulled into a controversy over the alleged unauthorised demolition of two historic buildings in Guangzhou, one of which was the home of Sit Kok-sin, the late "King of Cantonese Opera".

Monday, 17 June, 2013, 5:51am 1 comment

Lai Sun rises for real estate return

One of Hong Kong's long-established property developers has a message for the market: it's back.

5 Jul 2012 - 12:00am

Lai Sun, Shimao earmark 20b yuan for 'culture city'

Lai Sun Group and Shimao Group have earmarked 20 billion yuan (HK$24.2 billion) to build a cultural project and a commercial property on a soon-to-be-ready free-trade island in Zhuhai.

17 Sep 2011 - 12:00am


Today Interim: Lai Fung Holdings, Lai Sun Development, Lai Sun Garment (International)

11 Apr 2008 - 12:00am

Change in accounting boosts Lai Sun profit

All five members in the Lai Sun Group have managed to record positive earnings in their latest results, thanks to revaluation gains under the new accounting system.

Property arm Lai Sun Development posted a net profit of $231.37 million, or two cents per share, for the six months to the end of January. This compared with a loss of $1.17 billion in the same period last year.

10 Apr 2006 - 12:00am

CapitaLand deal buoys Lai Sun firms

Shares of Lai Sun's group of companies gained as much as 14 per cent yesterday on rumours that CapitaLand might buy a stake in the group's mainland development arm.

The Singapore-listed developer was in talks with Lai Sun Group's mainland unit Lai Fung Holdings for a second property project in China and the deal could result in issuing new shares, market sources said.

10 Mar 2006 - 12:00am

Lai Sun unlocks value in China properties

Lai Sun Garment International is restructuring by bringing a huge Shanghai property project into its mainland property arm, Lai Fung Holdings, and taking on the financing of the $1 billion redevelopment of the Crocodile Building.

1 Mar 2006 - 12:00am

Agreement on debt plan this year, says Lai Sun arm

Highly indebted property developer Lai Sun Development expects to secure an agreement with its creditors for a debt restructuring plan this year, according to company management.

The plan was unveiled as the property firm posted a loss of $167.12 million for the six months to January.

17 Apr 2004 - 12:00am

Debt-hit Lai Sun narrows net losses

Debt-laden property developer Lai Sun Development has narrowed its full-year net loss to $461.04 million from $1.94 billion in the previous year.

The company, which has an estimated net debt of $8 billion, said the lower loss came from a smaller loss of associates.

Loss per share was 12 cents, against 52 cents previously.

8 Nov 2003 - 12:00am

Lai Fung in rights issue

Lai Fung Holdings, the China property arm of Lai Sun Garment (International), has proposed a HK$76.77 million rights issue to finance mainland projects and reduce debt. It would issue no less than 767.7 million new shares at 10 HK cents each on the basis of one rights share for every four shares. Shares of Lai Fung plunged 25.27 per cent to close at 13.6 HK cents yesterday on the news.

11 May 2002 - 12:00am

Lai Sun Development narrows interim loss

Lai Sun Development narrowed its net loss by 74 per cent to HK$289.55 million in the six months to January 31, from HK$1.12 billion a year earlier.

Loss per share fell from 30 HK cents a year ago to eight HK cents. No interim dividend was declared.

20 Apr 2002 - 12:00am

Mixed fortunes for Lai Sun group

Lai Sun Development has narrowed its net loss to HK$1.13 billion in the half to January 31 from HK$1.34 billion before. However, parent Lai Sun Garment (International) widened its half loss to HK$633.92 million from HK$515.75 million previously. China property arm Lai Fung Holdings was also in the red with a net loss of HK$39.21 million from a profit of HK$4.12 million.

21 Apr 2001 - 12:00am

Poor conditions bring Lai Fung issue to an end

Shares in Lai Fung Holdings, the mainland property arm of Lai Sun Development, slipped 9.1 per cent after the company decided against raising $63.7 million from the sale of new shares.

Lai Sun Development had intended to place 70 million existing Lai Fung shares at 91 cents each to independent investors and to subscribe to the same number of new shares at the same price.

15 Oct 1999 - 12:00am

Lai Fung proceeds aimed at mainland

Lai Fung Holdings is making a $63.7 million share placement to finance development in the mainland.

The shares will be sold at 91 cents each, a 6.18 per cent discount on the 97 cents they last traded at on Monday. Lai Fung shares were suspended from trading yesterday.

13 Oct 1999 - 12:00am