As of August, Q Technology (01478.HK) gross profit margin rose from 14.9% in the year-ago period to 16.8%. The Chairman He Ningning said at the press conference that the gross profit margin was higher than its peers mainly due to the high automation, effective and transparent internal operation, lowering the inventory turnover days. Meanwhile, it adopted direct procurement and sales business model, and had high proportion of products with high gross profit. In the future, the company will continue launching highly efficient and innovative products, such as the 20-megapixel cameras, in a bid to maintain or increase the gross profit margin level.
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
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