Shui On Construction and Materials aims to double its after-tax profit to HK$1.8 billion by 2014 as it reinvents itself as a mainland property developer.
- Sun
- May 26, 2013
- Updated: 9:17am
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Shui On Land yesterday said its net profit fell 50 per cent to 784 million yuan (HK$958 million) for the six months to June due to fewer property sales and a decline in revaluation gains on...
Shui On Land said its partner, Winnington Capital, was unlikely to raise stakes in two of its mainland projects, leaving the developer to seek other options to fill a 2 billion yuan (HK$2.27...
Shui On Land plans to bring in strategic partners on a number of large property developments in Chongqing and Yunnan province as a way to release capital for new projects and accelerate expansion...
Shui On Land plans to increase its presence in Yunnan after agreeing to build a village and leisure resort for eight billion yuan, the second project in a month in the province.
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Shui On Construction and Materials (Socam) chairman Vincent Lo Hong-sui says the company will finalise the details for a new investment by the end of this month.
Mainland market is a far cry from public housing, but the developer is looking beyond the omens signposting the way
Shui On Construction and Materials deals mainly in construction and contracting, renovation and the fitting out of buildings.
Shui On last week posted a net loss of HK$17 million for...
SHUI ON Construction & Materials provides basic construction materials, including ready-mixed concrete, aggregates, mortars and cement, and provides construction services.
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