Usi Holdings

USI plans mainland serviced apartments

USI Holdings, a property and apparel firm, plans to develop four high-end serviced apartment projects in the mainland in the next two years, according to executive director Dennis Au Hing-lun.

Friday, 1 June, 2007, 12:00am

USI core income skyrockets 335pc

USI Holdings, a small Hong Kong-listed property developer, said underlying profit surged 335 per cent to HK$402 million last year as it sold more homes.

Profit from property developments surged 211.48 per cent to HK$651 million last year from HK$209 million in 2005.

19 Apr 2007 - 12:00am

USI plans HK$3.3b Winsor takeover

Property developer USI Holdings plans to buy Winsor Properties Holdings in a deal that values Winsor at HK$3.3 billion.

USI will offer 2.825 new shares for every Winsor share priced at HK$12.80 each, which represents a 3 per cent discount to the HK$13.20 the shares last traded at.

11 Apr 2007 - 12:00am

USI earnings plummet 30pc

Net profit at USI Holdings fell 30.5 per cent to $18 million on turnover of $849.7 million for the six months to June 30. Earnings per share were 3.5 cents, down from five cents in last year's corresponding period. The directors did not recommend an interim dividend.

16 Sep 1998 - 12:00am

Foundations need work

USI Holdings executive director and chief executive of a Wing Tai-led consortium developing the Airport Railway Kowloon Station site, Edward Cheng Wai-sum, says work will have to be carried out to rectify foundation problems at the site.

20 Jun 1998 - 12:00am

Apparel division boosts USI

USI Holdings has boosted net profit 18.8 per cent to $25.9 million for the six months to June 30, helped by growth in its apparel division.

USI is engaged in apparel and property development.

9 Sep 1997 - 12:00am

USI Holdings

USI Holdings posted one of the steepest declines in the market yesterday after the clothing, telecom, and property company announced on Thursday it would make a rights issue and sell new shares.

Investors responded to the news unfavourably with the stock plunging 8.06 per cent to $2.85 with 41.04 million shares traded.

19 Oct 1996 - 12:00am

USI gains on restructuring

Garment manufacturer and property developer USI Holdings, majority owned by the Cheng family, has posted a 15.3 per cent rise in attributable profit to $21.8 million for the six months to June 30.

The firm said the continuing restructuring of its core apparel manufacturing and distribution business was behind its improved profit margins.

5 Sep 1996 - 12:00am

USI shares to consolidate

USI Holdings is proposing to consolidate every three issued shares of 50 cents into one share which will, after a capital reduction, have a nominal value of 50 cents.

The amount of $322.5 million resulting from the reduction will be credited to the company's contributed surplus account.

Directors said the move would enhance the shares' marketability.

29 May 1996 - 12:00am

USI Holdings in black

USI Holdings has returned to profit, reporting attributable earnings of $18.9 million for the six months to June 30.

The garment manufacturer, fashion products distributor, and property investor, recorded attributable losses of $9.2 million a year earlier.

This was despite a drop in turnover to $622.8 million from $674.1 million.

16 Sep 1995 - 12:00am

USI slides into red ink after big revamp

A $154 million restructuring at USI Holdings saw the group drop from the black into the red with a loss attributable to shareholders of $148.4 million last year against a profit in 1993 of $26.6 million.

5 May 1995 - 12:00am

USI suffers heavy fall

USI Holdings has reported an 83.58 per cent fall in profits to $4.3 million for the six months ended June 30, from $26.2 million in the same period last year.

Turnover fell 9.92 per cent to $674.1 million from $748.4 million. Earnings per share were 0.7 cent. No dividend was declared.

28 Sep 1994 - 12:00am