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Fountain Set (00420.HK) received shareholders Xia Songfang's shareholding of 1.12 million shares.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on September 27, 2024, Fountain Set (00420.HK) shareholder Xia Songfang increased their shareholding by 1.12 million shares at an average price of 0.65 Hong Kong dollars per share, involving approximately 0.728 million Hong Kong dollars. After the increase, Xia Songfang's latest number of shares held is 100,910,948 shares, and their shareholding ratio has increased from 8.15% to 8.24%.
FOUNTAIN SET: 2024 Interim Report
Haitong Securities: Continuous destocking of polyester filament factories, expecting improvement in end demand.
As the inventory of rayon continues to decrease, Haitong Securities expects downstream demand to further improve with the approach of the traditional peak season in September and October.
In the performance report, Fountain Set (00420.HK) narrowed its mid-year loss to 9.91 million yuan.
Fountain Set (00420.HK) announced its interim performance for the six months ending in June, with revenue of 2.219 billion yuan, an increase of 1.2% compared to the previous year. The loss narrowed from 81.61 million yuan in the same period last year to 9.91 million yuan, with a loss per share of 0.8 cents. No interim dividend will be paid.
Fountain Set Reports Turnaround With Mid-Year Profit
Fountain Set (00420) released its interim performance, with a loss of HKD 9.906 million attributable to shareholders, a year-on-year narrowing of 87.9%.
Fountain Set (00420) released its six-month performance ending on June 30, 2024, with revenue of 2.219 billion...
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