BRUNTON Holdings, a mainland-controlled firm, has now made a cash offer through China Development Finance to acquire any remaining issued shares and outstanding warrants of Seabase International Holdings. Brunton had already acquired its target 55 per cent stake in the issued share capital of Seabase from its parent Seapower International Holdings. However, directors had given an assurance that Brunton would take appropriate steps to ensure that not less than 25 per cent of the issued share capital and/or warrants of Seabase would remain in public hands. Brunton is a subsidiary of Top Spring Development, which is 70 per cent owned by Top Glory Holding, which in turn is a wholly owned subsidiary of mainland group China National Cereals, Oils and Foodstuff Import and Export Corp. Sung Foo Kee result plunges SUNG Foo Kee Holdings has suffered a 98.6 per cent plunge in profit to just $1.77 million for the year ended March, compared with $125.57 million in the previous year. However, an extraordinary gain of $207.7 million from the sale of a seven per cent stake in Citibank Plaza to Great Eagle Holdings last year lifted attributable profit to $209.48 million. Earnings per share were 0.3 cent, compared with 21.6 cents previously. A final dividend of 1.5 cents a share was recommended. Turnover for the year fell 19.2 per cent to $1.8 billion from $2.23 billion. The group has contracts on hand worth about $3.37 billion, of which unfinished works amount to $2.13 billion. Bright year for Tse Sui Luen TSE Sui Luen Jewellery (International) has reported a 168 per cent surge in profit attributable to shareholders to $103.54 million for the year to February, compared with $38.68 previously. That was after an extraordinary loss of $3.7 million. Fully diluted earnings per share were 38.3 cents, and basic earnings per share were 42.9 cents. In the previous year, earnings totalled 17.8 cents. The board has recommended a final dividend of 10 cents a share and a bonus one-for-five share issue. The group said the China market played a significant role in the profit increase. Winton records $99m in first year WINTON Holdings (Bermuda), which listed in June last year, has announced profits of $99 million for the 10 months to March 31. Directors of the taxi operator and restaurant chain have recommended a final dividend of 17 cents a share. Chairman Yip Wai-chau described the company's revenue growth as ''satisfactory'' despite a government announcement in October last year that it would conduct a review of its taxi policy. He said: ''This announcement had the effect of reducing demand for taxi financing during the second half of the financial year thereby limiting the extent of increase in contribution from the company's financing operations.'' He said other businesses in the group, particularly its restaurant operations, had performed particularly well. HK Fortune gains up 9.6pc to $14.5m PROFITS for Hongkong Fortune rose 9.68 per cent from $13.23 million to $14.52 million for the December year. Although dividend per share saw an increase of 0.5 cent, earnings per share dropped from the previous year's 2.96 cents to 2.74. Turnover was $15.39 million against the previous year's $14 million. Directors indicated it represented income from investments, net retail income and brokerage commissions. Hsin Chong jumps as turnover slides HSIN Chong Construction Group yesterday announced a 5.9 per cent rise in profit to $77.99 million for the year ended March 31. Turnover fell 17.9 per cent to $1.13 billion from $1.38 billion in the previous year. Earnings per share were 14.2 cents, compared with 15.4 cents a year earlier. The company will pay a final dividend of 4.5 cents with scrip option. Wing Hung Kee to skip final dividend WING Hung Kee has suffered a slight fall in profits to $3.8 million for the year to March. The investment and manufacturing group's turnover was also down at $34.7 million, compared with $47.9 million in the previous year. Directors did not recommended a final dividend.