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Vietnam hurts Luks

Luks Industrial yesterday reported an interim $3.72 million attributable loss for the six months to June 30 after gaining $31.88 million in the first half of last year.

Wednesday, 30 September, 1998, 12:00am

Luks expects 30pc rise in sales to ease losses

Electronic parts and television-maker Luks Industrial expects sales to jump 30 per cent in the first half of this financial year against last year.

The company said it hoped losses would narrow 30 per cent over the same period.

In the year to December, Luks reported a net loss of $188 million on turnover of $177 million.

24 Jun 1998 - 12:00am

Luks Industrial exercise at 1.42

Luks Industrial said its 494.2 million share rights issue exercise was 1.42 times subscribed.

5 May 1998 - 12:00am

Luks Industrial to reduce debt through $64m subscription

Luks Industrial is to raise a net $64 million to reduce debt through a deal that will see chairman and managing director Luk King-tin and associates place 39 million shares to independent third parties and subscribe for 60 million new shares. The placing and subscription will take place at $1.10.

22 Aug 1997 - 12:00am

Luks raises US$23m

LUKS Industrial Co is to grant Singapore-incorporated Hotel Properties (HPL) options to buy shares in Luks Land and Luks Cement in return for a loan of about US$23 million.

HPL had agreed to grant Luks Vietnam an on-demand facility at an interest rate of 8 per cent annually.

15 Jan 1996 - 12:00am

Joint venture

THE Saigon Trade Center in Vietnam is being developed by the joint venture developer Luks-Lavico Co, in which Luks Industrial Co of Hong Kong has a stake. The Hong Kong partner is not Lux International, as stated in an article on November 24.

13 Dec 1995 - 12:00am

TV maker switches to new focus

Television manufacturer Luks Industrial is successfully transforming itself into a property developer as it capitalises on long-standing business relationships in China and Vietnam.

Luks began making television sets in 1975 and was one of the first Hong Kong companies to break into China's market in the early 1980s.....

2 Oct 1994 - 12:00am

Luks puts faith in new markets

SINCE becoming a China play in the early 1980s, Luks Industrial Company's interest there has grown such that the mainland now accounts for more than 75 per cent of sales.

However, this will change as returns from the company's Vietnam investments start bearing fruit.

Management forecasts that country will account for 50 per cent of profits by 1996.

4 Jul 1993 - 12:00am

Luks TV-tube link to aid sales volume

TELEVISION manufacturing giant Luks Industrial will increase the proportion of local components in its products to more than 80 per cent from the existing 30 per cent by forming a joint venture with China's largest television tube maker.

8 Jan 1993 - 12:00am