00878 SOUNDWILL HOLD
- 5.360
- -0.070-1.29%
SOUNDWILL HOLD News
Retail Management Association: The basic market factors remain unchanged, and the market has not yet shown signs of improvement.
Annie Lo, Executive Director of the Retail Management Association, pointed out that the main reason for the narrowed decline in retail data in Hong Kong in September is the low base effect. She mentioned that the current market conditions have not changed fundamentally, with general weakening in consumer spending among citizens, coupled with strong performance of the Hong Kong dollar and the influx of mainland Chinese visitors, the market remains weak without any signs of improvement. 70% of the association's members expect business performance to continue to decline in October. Annie Lo stated that among these members, non-essential items are experiencing a larger decline, while 30% expect business to remain stable or improve, primarily relying on promotional activities and new product launches. Members are still pessimistic about the performance in November and December. She pointed out that half of the members anticipate a decline in business in November, during the Christmas holiday in December.
Soundwill Fails to Get Extension for Auction of Haven Court
Soundwill Holdings (00878.HK): There will be no second auction for Sincere Building.
Soundwill Holdings (00878.HK) stated that the Court of Appeal rejected the company's appeal on the auction of Hopewell Centre on September 2 and ruled that the three-month validity period of the sale order could only be extended for another three months. Therefore, the sale order has no legal effect after August 29 last month. The company stated that, after consulting its professional advisors, it will not appeal the decision of the Court of Appeal. Subsequently, the Lands Tribunal replied to the trustee's unilateral application to further extend the deadline for the sale order for a second auction, stating that it will not approve the extension. The trustee subsequently notified Soundwill Holdings that it will cancel it at the Land Registry.
SOUNDWILL HOLD: INTERIM REPORT 2024
Soundwill Holdings' H1 Attributable Loss Widens Despite Surge in Revenue
The performance of Soundwill Holdings (00878.HK) has expanded its mid-term losses to 0.975 billion yuan.
Soundwill Holdings (00878.HK) announced its interim performance for the six months ended in June, with a recorded profit of 1.03 billion yuan, an increase of 385% compared to the previous year. The loss increased from 0.348 billion yuan in the same period last year to 0.975 billion yuan, with a loss per share of 3.44 yuan. No interim dividend will be distributed.
soundwill hold (00878.HK) suffered a mid-term loss of approximately 0.975 billion Hong Kong dollars, with a 180% increase in losses compared to the same period last year.
Soundwill Holdings Group (00878.HK) announced on August 21st that for the six months ended June 30, 2024, the group recorded a profit of approximately HKD 1,030,115,000, an increase of approximately HKD 817,812,000 compared to the same period last year. The increase in profit was mainly due to the increase in income from property development projects. During the period, the company's equity holders were expected to suffer a loss of approximately HKD 974,829,000, an increase of 180% from the same period in 2023. The increase in loss was mainly due to the investment property valuation loss of HKD 1,324,070 recorded as of June 30, 2024.
SOUNDWILL HOLD: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Golden Sun Yang (00878.HK) appealed against the adjustment of the reserve price of Hopewell Centre auction and was rejected. The company has no intention of bidding again.
Soundwill Holdings (00878.HK) announced that regarding the adjustment of the reserve price for the auction of Xi Cloud Building, the appeal hearing to the Lands Tribunal has been conducted on August 13th. After being reviewed by the appeal court, the decision to dismiss the appeal will be announced within about three weeks. In addition, the Lands Tribunal has instructed to conduct a second auction at the reserve price (i.e. HKD 2.425 billion). Considering no adjustment has been made to the reserve price and the current market conditions and changes, the company has no intention to bid in the upcoming second auction.
Soundwill Holdings (00878.HK) will hold a board meeting on August 21 to approve the mid-year performance.
Soundwill Holdings (00878.HK) announced on August 9th that the company will hold a board meeting on August 21, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024 and its publication, and consider the distribution of interim dividends (if any).
The rental prices of Class A apartments in Hong Kong fell by 7% for the whole year, and the rents for first-line shops increased by up to 10% according to Hong Kong Property.
Gao Li released a report, indicating that the macroeconomic situation in the next quarter is still affected by many unknown factors. The atmosphere of the commercial real estate industry in Hong Kong is lackluster, with mixed feelings. The report predicts that the first-line retail assets are expected to be stable, with rents expected to rise slightly, while the vacancy rates for Grade A office buildings and warehouses are high. With a weak market, rents are expected to further decline. In terms of investment, the bank expects the main silver dish and erosion trading cases will continue to rebound, and the possibility of volume rebound will depend on whether there will be a rate cut in the next few months. Li Wanyin, head of the bank's Hong Kong research department, said that there are serious challenges such as delaying interest rate cuts, outbound and cross-border tourism trends, and the general conservative attitude towards the commercial prospects in the market.
Soundwill Holdings (00878.HK) has applied for permission to appeal to the Land Tribunal.
Soundwill Holdings (00878.HK) announced that the company applied for appeal permission to the Land Tribunal regarding the verdict. The appeal permission application will be heard by the Land Tribunal on July 5th. On May 31st, the Land Tribunal made a ruling to reject the company's application to adjust the auction reserve price of Sino Plaza (2.425 billion yuan).
Jin Chaoyang Group (00878): Share option plan takes effect
Jin Chaoyang Group (00878) announced that the company has applied for and the Stock Exchange has approved the assignment granted under the share option scheme...
Jin Chaoyang Group (00878) will conditionally sell all of its interests in the Xiyun Tower property
According to the Zhitong Finance App, Jin Chaoyang Group (00878) announced that the company owns about 88.79% of the Xiyun Building through its indirect wholly-owned subsidiaries (Yirun, Peiyi and Leading Real Estate, which are registered owners of Xiyun Tower properties). The company may participate as a bidder in further auctions to be held at this location. If the company is a successful bidder in further auctions, the company will acquire the remaining units through further auctions at a cost of about 11.5% of the final bid price. If the successful bidder of further auctions is an independent third party, the company will have to go through further auctions to be successful in further auctions
Soundwill Obtains Three-Month Extension for Haven Court Auction
Soundwill Seeks Three-Month Extension of Haven Court Auction
Soundwill Mulling Various Options to Monetize Hong Kong Lot Post Failed Auction
SOUNDWILL HOLD: Annual Report 2023
Jin Chaoyang Group (00878.HK) qualified sale order to participate in the auction of Xiyun Building as a bidder
Jin Chaoyang Group (00878.HK) announced that through its indirect wholly-owned subsidiaries (Yirun, Peiyi and Leading Real Estate, which are the registered owners of Xiyun Tower properties), the company owns about 88.79% of the lot and can participate as a bidder in the auction to be held in accordance with the sale order. The Land Tribunal has set the reserve price at HK$2,425 million in accordance with the sale order.
SOUNDWILL HOLD To Go Ex-Dividend On May 27th, 2024 With 0.2 HKD Dividend Per Share And 0.8 HKD Special Dividend Per Share
March 21st - $SOUNDWILL HOLD(00878.HK)$ is trading ex-dividend on May 27th, 2024. Shareholders of record on May 28th, 2024 will receive 0.2 HKD dividend per share and 0.8 HKD special dividend per
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