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  • Dec 29, 2014
  • Updated: 5:49pm

Silver Base

Silver Base switches tack after plunge into the red

Silver Base's sales dropped sharply in the past financial year amid a crackdown on corruption on the mainland. Photo: Sam Tsang

Mainland liquor and cigarette distributor Silver Base will launch cheaper products after reporting a net loss of HK$1.13 billion for the past financial year. The firm reported an 86.9 per cent drop in revenue to HK$390.2 million for the year to March, blaming it on the economic slowdown on the mainland and Beijing's crackdown on corruption.

Wednesday, 3 July, 2013, 4:48am

Liquor firm Silver Base in the spotlight after chairman's share sales

Silver Base chairman Liang Guoxing has gradually reduced his stake in the company from 64.6 per cent to 52.67 per cent. Photo: Sam Tsang

Liang Guoxing, chairman of Silver Base Group Holdings, has left more questions than answers about the poor performance of one of the mainland's largest distributors of Chinese liquor.

7 Dec 2012 - 3:23am

Whatever happened to global warming for the past 16 years?

Not feeling the chill

One of the "inconvenient truths" that is not getting much attention at the UN climate conference in Doha is that for the past 16 years there has been no discernible increase in global temperature.

6 Dec 2012 - 3:16am 1 comment

Sharp drop in Silver Base's revenue raises corporate governance issue

Silver Base chairman Liang Guoxing plays down the departure of managers and the closure of some stores on the mainland. Photo: Sam Tsang

An analyst has questioned corporate governance at Silver Base after the company reported an unexpected sharp drop in interim revenue.

The liquor distributor admitted that some managers had left the company and some mainland stores had closed.

4 Dec 2012 - 3:10am

Business Digest, December 3, 2012

Australia is the world's biggest exporter of iron ore and coal.

Cooling moves take edge off home prices

3 Dec 2012 - 4:26am