• Mon
  • Dec 29, 2014
  • Updated: 12:00pm

Yaohan

Kings of the hill

Occupants of HSBC?s Taipan House on the Peak

1977-1986

Michael Sandberg?s extravagant skyhigh redevelopment was dubbed ?Sandberg?s folly?.

1987-1993

Saturday, 2 October, 2010, 12:00am

Lack of fashion sense among teens has its benefits

TEENAGERS IN Macau have long been criticised for their lack of fashion sense.

But Rainy Tin, dressed in jeans and a denim jacket with a string of white pearls around her neck, stands out from the crowd.

The 17-year-old student was on her way to an ice-cream store where she works as a part-time waitress.

3 May 2005 - 12:00am

Domain of the industrialists

Real estate on The Peak not already owned by tycoons is the target of niche developers

Houses for sale on The Peak are few and far between and only for the super-rich.

3 Mar 2004 - 12:00am

YGM joins battle for Theme

Fashion retailer YGM Trading has emerged as a rival to Giordano International to take over cash-strapped Theme International Holdings, according to sources.

YGM had trumped casual-wear chain operator Giordano by making a more generous offer, they said.

The counter-offer raises the prospect of a rare Hong Kong takeover battle for control of struggling Theme.

29 Sep 1999 - 12:00am

Yaohan delisting date set, six-month reprieve given

Failed retailer Yaohan Hongkong Corp will be delisted from the stock exchange on September 15 unless it submits a trading resumption proposal to the regulator. The stock exchange said yesterday it would give the company a final six-month period to tender 'a valid resumption proposal' or it would cancel the company's listing.

16 Mar 1999 - 12:00am

Re-listing of Yaohan collapses

An attempt to re-list debt-ridden Yaohan International Holdings on the stock exchange of Hong Kong has failed. The company - which collapsed last August amid debts of $500 million - has been wound up. Mrs Justice Doreen Le Pichon made the order at the Court of First Instance yesterday after hearing that restructuring bids had been unsuccessful.

27 Feb 1999 - 12:00am

Sale talk helps revive Yaohan

Yaohan International Holdings, whose former directors are the subject of a Commercial Crime Bureau (CCB) probe, suspended share trading yesterday ahead of news of a 'future development plan'.

The suspension prompted speculation the firm planned to sell shares to a mainland-backed company.

12 Aug 1998 - 12:00am

Goldlion net suffers from loan write-offs

Retailer Goldlion Holdings has made a write-off and provisions for bad debts and inventory of up to $50 million - a key factor behind its 29 per cent decline in net profit last year.

14 Jul 1998 - 12:00am

Daimaru stores to close with loss of 400 jobs

Four hundred jobs will be lost when Daimaru's two department stores in Causeway Bay close on December 31.

Staff learned of the closures and the lay-offs, which will begin in October, by letter yesterday morning. Daimaru blamed global restructuring and serious debts caused by 'severe competition and recession'.

26 Jun 1998 - 12:00am

Whimsy clears slate with $70m

Indoor amusement centre chain Whimsy Entertainment has repaid about $70 million in debts recently, according to executive director Kun Kiu-chung.

Mr Kun and his associates represent the company's biggest shareholder after share placements, which pushed their consortium's stake in Whimsy up to 33.69 per cent.

10 Jun 1998 - 12:00am

Whimsy appoints new chief as shareholders push for changes

A special meeting of Whimsy Entertainment shareholders yesterday, called by 24.47 per cent shareholder Yaohan Leisure Investment, failed to achieve its aim of replacing three directors. Whimsy said, however, that on Monday, Kazuo Wada, part of the Wada family which controls the Yaohan empire, had resigned as chairman and director and Zensuke Yamada had resigned as a director.

13 May 1998 - 12:00am

Yaohan seeks board changes

A proposal has been submitted to replace three directors on the board of Whimsy Entertainment and will be voted on at a special meeting on May 12. The meeting was requested by Yaohan Leisure Investment, which holds 24.47 per cent of Whimsy.

3 Apr 1998 - 12:00am

Yaohan crumbles further 34pc to 9.8 cents

Shares in Yaohan International Holdings plunged for a second successive day, taking to 84 per cent the amount wiped off its market value in the past two days.

The counter tumbled 34 per cent to 9.8 cents yesterday, its second day after resuming trading for the first time in six months.

2 Apr 1998 - 12:00am

Yaohan calls Whimsy meeting

Indoor amusement centre operator Whimsy Entertainment has been requested by substantial shareholder Yaohan Leisure Investment to convene a special general meeting to approve a board reshuffle. It includes the replacement of three nominee directors.

24 Mar 1998 - 12:00am

Wada and brothers face breach of agreement writ

A company owned by troubled businessman Kazuo Wada and his brothers allegedly failed to transfer its rights to a $100 million loan to a third party after the party lent it $90 million.

The party - Hong Kong-incorporated Karex Investments - filed a writ on Wednesday alleging the defendant, Yaohan International, breached an oral agreement in December.

28 Feb 1998 - 12:00am

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