01270 LANGHAM-SS
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LANGHAM-SS News
Tourism Board: The number of visitors to Hong Kong in September increased by about 10% year-on-year, with a nearly 40% year-on-year increase in the first three quarters accumulated.
According to the Tourism Board, the number of visitors to Hong Kong in September is close to 3.1 million, an increase of about 10% year-on-year, with approximately half of them being overnight visitors. In the first three quarters of this year, the number of visitors to Hong Kong has increased by nearly 40% year-on-year, with mainland and non-mainland visitors to Hong Kong seeing respective increases of 35% and 59% year-on-year.
LANGHAM-SS: 2024 Interim Report
The Langham Hotel in Manchester will open a new hotel in 2026, offering 78 guest rooms.
The Langham, Customs House, Bangkok, a hotel project developed in collaboration with Rabbit Holdings, a subsidiary of Thailand's BTS Group, is scheduled to open in 2026, according to the announcement made by The Langham Hotel. The new hotel is located in the Bang Rak district of Bangkok, Thailand. The group will restore the old Bangkok Customs House as the core building and transform a nearby postal building into a luxury facility. At the same time, a modern building will also be constructed to provide 78 guest rooms. (js/)~
The Langham-SS (01270.HK) issued shares to pay for hotel management fees and licensing fees.
Langham-SS (01270.HK) announced on August 29 that the trust and the company will issue 59,245,043 new shares or order units to LHIL Assets on August 30, 2024, under special authorization, to pay the hotel management fees and licensing fees due to the hotel manager during the six-month period ending June 30, 2024. The trust and the company have applied to the Stock Exchange for approval to list and trade the shares or order units to pay the manager fees for the six-month period ending June 30, 2024.
LungTing-SS (01270) will issue 59.245 million new shares based on special authorization, totaling the order.
Link REIT (01270) announced that the trust and the company will act in accordance with the special authorization until August 2024...
Langham Hospitality Investments' Profit Down in H1
Langham (01270.HK) can distribute revenue of 34 million yuan in the first half of the year, a decrease of 75.1%, without distribution.
Langham Hospitality Investments (01270.HK) released its mid-year performance report ending in June, recording a distributable income of 34 million yuan, a 75.1% year-on-year decline. No income was distributed. During the period, the total revenue of hotel portfolio was 7.073 billion yuan, an increase of 7.2%. Excluding fair value changes of investment property and derivative financial instruments, the net profit was 4.3 million yuan, a decrease of 95.4%. This is mainly due to a reduction of 42.7 million yuan in floating rent paid to the trust group and an increase of 53.3 million yuan in financing costs.
Langham-SS (01270) released its interim performance, with a surplus of HKD 43.02 million attributable to holders of shares and orders, a year-on-year decrease of 93.18%.
Langham - SS (01270) released its interim performance for the six months ending on June 30, 2024. During that period, the group achieved ...
Langham-SS (01270.HK) had a pre-tax profit of HKD 43 million in the first half year after tax.
Langham - SS (01270.HK) announced on August 16th that the total rental income in the first half of 2024 decreased by 19.0% to HKD 191.1 million after deducting service fee expenses. Net property income of the trust group decreased by 20.0% to HKD 180.9 million annually after deducting hotel property-related expenses. The post-tax profit for the first half of 2024 was HKD 43.0 million.
LANGHAM-SS: 2024 INTERIM RESULTS ANNOUNCEMENT
Langham-SS (01270): KPMS provides property management services for public places and facilities in the location of Cordis Hotel.
Langham-SS (01270) has announced that, according to the deed and management agreement, KPMS has agreed to sell China Hong Kong Kandisi Hotel...
Langham - SS (01270.HK) will hold a board of directors meeting on August 15 to approve the mid-year performance.
Langham - SS (01270.HK) announced on July 30th that the board of directors will hold a board meeting on August 15th,2024 to approve the midterm performance disclosure of this REIT, company and trustee-manager for the six months ended June 30th, 2024, and to consider the distribution of interim dividends (if any).
LANGHAM-SS: DATE OF BOARD MEETINGS
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.
The number of visitors to Hong Kong in the first half of this year was 21 million, a 64% increase year-on-year.
According to the Tourism Board, the preliminary number of visitors to Hong Kong in June was 3.13 million, an increase of 14% compared to the same period last year. Cumulatively, about 21 million visitors to Hong Kong were recorded in the first half of this year, an increase of 64% over the previous year, with a daily average of 0.116 million visitors. The numbers show that about 16.1 million mainland visitors visited Hong Kong in the first half of this year, an increase of 60% over the previous year, while non-mainland visitors amounted to 5 million, an increase of 80% over the previous year. Of all visitors to Hong Kong, overnight visitors accounted for 50%, with an average stay of 3.2 nights. Visitors to Hong Kong generally expressed satisfaction, with a score of 10 out of 10 from January to May of this year.
Langham (01270.HK)'s joint venture acquired 25,000 common shareholdings from Lo Chun-lei, worth approximately HKD 282,500.
On June 24th, according to documents disclosed by the Hong Kong Stock Exchange, Luojunli increased his shareholding of Langting-SS (01270.HK) through the associated company Great Eagle Holdings Limited by 25,000 shares at an average price of HKD 11.3 per share with a value of approximately HKD 282,500. After the increase, Luojunli's shareholding in the associated company now holds 803,000 shares, and the percentage of the good warehouse ratio increased from 0.10% to 0.11%. Image Source: HKEX Equity Disclosure. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange,
Changes in Hong Kong stocks 丨 Langham plummeted 45% to a record low, Eagle King decided not to privatize
Glonghui June 3 | Langing—SS (1270.HK) plummeted 45% to HK$0.53 at the beginning of the session, and the stock price hit a record low. According to the news, Langham announced that after the market last Friday, the board of directors received a written notice from Eagle King (0041.HK), which confirmed that it had made a decision not to proceed with a possible privatization.
Express News | Langham Hotel Investment: Eagle Group has decided not to privatize
Langting-SS (01270.HK): Eagle has confirmed that it has made a decision not to proceed with a possible privatization
Glonghui, May 31 | Langting-SS (01270.HK) announcement relating to (among others) Yingjun Group's proposal to privatize the Trust and the Company and withdraw its joint stock position through an agreed arrangement. On May 31, 2024, the board of directors received written notice from Eagle Jun, confirming that it had made a decision not to proceed with a possible privatization.
Langhing-SS (01270): Issuance of 554.326 million new joint stock positions to pay management fees
According to Zhitong Finance App, Langting-SS (01270) issued an announcement. According to Rule 3.8 of the Takeover Code, the custodian-manager and company announced that on May 9, 2024, they have allocated and issued a total of 554.326 million new share contract positions to fully pay the manager's fees for the six months ended December 31, 2023. As of the date of this announcement, the custodian-manager and company have not received any express intention from Eagle King or its subsidiaries to make a privatization proposal, nor have they received any notice from Eagle King's decision not to carry out the proposal.
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