Paliburg Holdings

Paliburg to build more than 1,000 hotel rooms

Paliburg and its partner Regal Hotels International will add more than 1,000 hotel rooms in the next three years.

Paliburg and its partner Regal Hotels International will add more than 1,000 hotel rooms in the next three years despite fears of further measures to restraint growth of mainland visitors.

Thursday, 7 March, 2013, 6:12am

Smaller property players call for sale of carved-up sites

A clutch of big developers supply half the city's new flats. Smaller developers want smaller plots to help them compete. Photo: K.Y. Cheng

With half of the city's new flats supplied by a few major developers, small to medium-sized property companies want more small plots auctioned off to help them compete against their bigger rivals.

3 Oct 2012 - 1:54am

Paliburg rights issue aims for HK$554.6m

Paliburg Holdings, controlled by Lo Yuk-sui, yesterday said it planned to raise up to HK$554.6 million from a planned seven-for-20 rights issue to repay debt and finance a mainland property project.

2 Oct 2007 - 12:00am

Paliburg losses decline

Three listed companies controlled by Lo Yuk-sui declared a loss of HK$460.6 million, despite an interim loss reduction this year. For the 12 months to June 30, Regal Hotels International reported a HK$25.5 million loss, 84.8 per cent smaller than last year's loss. The franchise's parent Paliburg Holdings reported a 10.9 per cent reduction in losses to HK$230 million.

24 Sep 2002 - 12:00am

Century City trio trim losses

Property developer Paliburg Holdings narrowed its net loss to HK$641.3 million in the year to December 31 from 1999's HK$1.36 billion loss, partly due to a 27.32 per cent cut in finance costs to HK$827.8 million. Operating profit was HK$278 million, against a HK$337.6 million loss a year earlier.

18 Apr 2001 - 12:00am

Paliburg still in talks over sale of Regal Hotels stake

Financially troubled developer Paliburg Holdings was still negotiating last night with a potential buyer of its 74.8 per cent stake in Regal Hotels International, according to market sources. A source said the company was also still negotiating with bankers over a loan to cover a US$50 million floating-rate note due to mature tomorrow.

4 Nov 1998 - 12:00am

Paliburg denies knowledge of irregular trade

The directors of Paliburg Holdings, which controls troubled Chi Cheung Investment, have denied knowledge of the recent irregular trading in Chi Cheung shares.

The company said the drop in its own share price of late might in part be due to its connection with Chi Cheung, which on Wednesday announced a $316.3 million attributable loss for the first six months.

25 Sep 1998 - 12:00am

Strong Park Royale demand forecast

The Government's move to relax rules covering the sale of uncompleted flats is unlikely to provide competition for Paliburg Holdings' Park Royale in Yuen Long when its units go on sale on Saturday, according to property agents.

10 Jun 1998 - 12:00am

Response to Paliburg sale sees release of New Territories flats

Paliburg Holdings will release 32 more flats at its Fuller Gardens and Villa Art Deco developments following the sale of eight of its 24 units in Villa Art Deco, Yuen Long, in one day at prices starting at $3,060 per square foot. The company said it received good buyer response to the eight flats it put up for sale in Fuller Gardens, Tai Po.

20 Feb 1998 - 12:00am

Airport hotel construction pact

Century City International, Paliburg Holdings, and Regal Hotels International, have announced a number of connected transactions involving provision of construction services for the new airport hotel and leasing of office and commercial spaces.

29 Dec 1997 - 12:00am

Two floors of Johnston Road tower snapped up

Paliburg Holdings appears to have tapped into a pocket of demand in the moribund office market with the launch of its grade B, 26-storey office complex in Wan Chai called 211 Johnston Road.

Buyers recently snapped up the initial two floors after they were offered for $7,150 per sq ft.

30 Apr 1997 - 12:00am

Paliburg to issue notes

Paliburg Finance is to issue convertible bonds on Paliburg Holdings underwritten by Jardine Fleming International.

The funds raised would be used by Paliburg Holdings or its subsidiaries for general working capital purpose.

Details of the bonds, including amount to be raised, have yet to be finalised.

20 Feb 1997 - 12:00am

Easier payment scheme seen as extra lure for buyers

Attractive prices and an aggressive payment scheme are expected to secure an enthusiastic response for Paliburg Holdings' Fuller Gardens project in Tai Po.

Estate agents said the average lump-sum price for the first batch of sales was $3,999 per sq ft - about 7 per cent less than market expectations of $4,300 per sq ft.

24 Jul 1996 - 12:00am