Express News | China International Capital Corporation: Trump may adopt a policy sequence of "first tariffs, then tax cuts, first saving money, then spending money."

BreakingsJan 6 14:44

Hong Kong Retail Management Association: "One signature, multiple actions" gradually drives foot traffic, while Hong Kong people's Lunar New Year travels still raise concerns for the industry.

The Census and Statistics Department announced yesterday (the 2nd) that the provisional estimate of the total sales value of Retail Trade in November 2024 was 31.7 billion yuan, a year-on-year decrease of 7.3%, compared to the market expectation of a 3.4% year-on-year decline. The Chairman of the Hong Kong Retail Management Association, Xie Qiu An Yi, explained that the decline in retail data in November last year widened month-on-month, mainly due to the impact of a high base. In October last year, Hong Kong experienced severe weather and a reduction in the number of days of the Golden Week holiday, resulting in a lower base for that month. By November last year, the situation returned to a more realistic level. Xie Qiu An Yi cited results from the association's survey indicating that overall foot traffic improved in December last year, with lower-priced goods benefiting more, such as cosmetics.

AASTOCKSJan 3 09:05

Realord Group to Sell 75% Stake in Sincere to Affiliate

MT NewswiresNov 4, 2024 17:27

realord group plans to sell 75% equity of Sasa for about 0.388 billion Hong Kong dollars.

realord group (01196) announced that on November 1, 2024, the company entered into an agreement with Merrill Holdings, under which the company plans to sell 75% of the issued shares of Sincere Limited to Merrill Holdings for approximately 0.388 billion Hong Kong dollars. This amount is to be paid by Merrill Holdings by offsetting part of the shareholder loan owed to Merrill Holdings through an equalization basis. Considering Sincere Group's continued losses and the unfavorable short-term outlook in the Hong Kong retail market, the board of directors believes that Sincere Group's poor performance may continue to have a negative impact on the group's financial condition. In order to reduce the market uncertainty of the department store business.

Sina Hong Kong stocksNov 4, 2024 08:18

Realord Group (01196.HK) transfers 75% of its shares in Sinopharm (00244.HK) to major shareholders, with sales nearly reaching 0.39 billion yuan.

Realord Group (01196.HK) announced that it will sell all 75% of its stake in City Super (00244.HK) to its controlling shareholder, Marylin Holdings, for a total price of approximately 0.388 billion yuan. The payment will be made through the settlement of shareholder loans owed by the company. The transaction involves around 0.985 billion shares, with a price per share equivalent to 0.3935 yuan, representing a premium of 59.31% over the previous City Super trading price.

AASTOCKSNov 3, 2024 20:24

Sinopharm (00244.HK): Merrill Lynch intends to purchase a total of 0.985 billion shares of the company.

On November 1, GeLongHui announced that the board of directors received a notification from the company's controlling shareholder, Realord Group Holding Limited (hereinafter "Realord"), whose shares are listed on the Stock Exchange of Hong Kong with stock code 1196, that on November 1, 2024, Realord and Merrill Holdings Limited ("Merrill Holdings") entered into a sale and purchase agreement, under which Realord conditionally agreed to sell, and Merrill Holdings conditionally agreed to purchase, a total of 985,471,362 shares of the company, representing 75% of the total number of shares issued by the company as of the date of this announcement, for a consideration of 387,782,98.

Gelonghui FinanceNov 1, 2024 21:07