Sui Chong, the property and construction company which became the holding company for the former MKI Corporation, has reported a net loss of $14.8 million for the six months to June 30, on the back of an exceptional loss of $29.9 million.Tuesday, 24 September, 1996, 12:00am
MKI Corp shareholders are to increase their stake in Wing Hing Holdings to 10 per cent from 6.9 per cent under a revised offer by Wing Hing.15 Sep 1995 - 12:00am
MKI Corp appears to have won a stay of execution after the Securities and Futures Commission (SFC) asked yesterday for an adjournment in the High Court to allow for MKI to work on details of proposals.27 May 1995 - 12:00am
WINFOONG Investment will announce whether it will bid for beleaguered MKI Corp today after reviewing MKI's due diligence report.
Winfoong chairman Patrick Cheong Pin-chuan said MKI's net asset value had been included in the report but he refused to reveal what it was worth.
He said Winfoong's decision would depend solely on MKI's net asset value.25 May 1995 - 12:00am
SHARE placements and property deals at locally-listed Chesterfield found to be prejudicial to shareholders yesterday by a high court judge were detailed in public for the first time yesterday.23 May 1995 - 12:00am
A SINGAPORE rescue may mean a last-minute reprieve for the MKI Corp, which was facing a winding up order in Hong Kong today.
Under the long-awaited plan, Hong Fok Corp, a majority owner of Hong Kong-listed Winfoong Investment, and which is quoted in the republic, has proposed a scheme of arrangement to create a new holding company for MKI.21 Apr 1995 - 12:00am
LAWYERS for Peter Mou have asked us to point out that he has never been a director of MKI Corp, as stated in an article in Business Post on March 21.
It is also pointed out that Mr Mou did not settle with Standard Chartered Securities during a trial and was not represented during the trial.24 Mar 1995 - 12:00am
THINGS took an interesting twist yesterday when MKI Corp decided to contest the right of the Securities and Futures Commission (SFC) to wind up the company (See Business Post , Page 1).17 Jan 1995 - 12:00am
THE fortunes of MKI Corp, its 25 per cent associate Chesterfield and Arthur Lai, the controversial financier who ran them both, have been the subject of reams of news print and barrels of ink.
MKI's shares more than doubled in price from a low of 28 cents on March 30 to reach a high of 62 cents by the start of June.31 Dec 1994 - 12:00am
CHESTERFIELD, the investment holding firm of MKI Corp, has written down a $130 million China property project it bought last year to a mere $1,000.
Ironically its partner in the deal, which has disappeared, was a Hong Kong company named Good Faith International.9 Sep 1994 - 12:00am
SHARES in MKI Corporation and related Chesterfield were among the day's best performers, ranking number one and seven respectively.
MKI shares rose 20.5 per cent to close nine cents higher at 53 cents on $14.27 million turnover.1 Jun 1994 - 12:00am
LOCALLY listed MKI Corporation has been awarded an exclusive marketing agreement for the Asia Supercomputer Research and Services Centre, located in Mongolia.
The centre is to supply seismic data processing for both private and government-owned corporations that are in the process of developing natural resources, particularly oil, as well as minerals and natural gas in Asia.8 May 1994 - 12:00am
ANYONE who missed the Big One on Friday had a chance to relive it yesterday afternoon.
Yes, the Hang Seng Index went through 10,000 again, in both directions, although it was below 10,000 for only a few brief minutes.
It was truly a day of omens. The other big omen was the power cut.15 Dec 1993 - 12:00am
MKI Corp has taken a $37.7 million loss for the year to March 31.
The loss per share was 7.1 cents. Profit the previous year was $78.2 million, with earnings per share at 15.9 cents basic and 9.7 cents fully diluted.
An extraordinary profit of $10.42 million was recorded for 1992-3, compared with $1.12 million in the previous year.21 Aug 1993 - 12:00am
MKI Corporation has bought into two developments in Chengdu, Sichuan. It is placing 40.4 million shares to take 70 per cent of the 25-storey Billion Link Plaza, with an estimated development cost of $131 million.
It is also placing 51 million shares to take 70 per cent of the 32-storey World Trade Plaza, with an estimated development cost of $199 million.1 Mar 1993 - 12:00am