-
UMP (00722) to buy Sheung Wan office property at HK$57.17m
UMP Healthcare (00722) said it agreed to purchase the entire issued share capital of Way
 Spread Limited at HK$57.17 million.
  The target company, which is principally engaged in property investment in Hong Kong, is
the sole legal and beneficial owner of Offices 1, 2, 3, 4 and 5 on 12th Floor, Nam Wo Hong
Building, No.148 Wing Lok Street, Sheung Wan, Hong Kong, with a gross floor area of about
5,150 square feet.
  UMP Healthcare said 18/F of Nam Wo Hong Building still does not have sufficient floor
space to allow the Group to centralise all of its business administration functions in one
location. With the purchase of the property in the same building, the Group will be able 
to house all of its business functions in one location, which will allow the Group to
further enhance its control and operational efficiency.

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
HSBC HOLDINGS Appoints Malaysia CEO as Asia-Pacific One-Belt-One-Road Biz Manager  HSBC HOLDINGS(00005.HK)    +1.150 (+1.574%)    Short selling $311.30M; Ratio 15.773%   announced that Malaysia CEO Mukhtar Hussain was appointed to the newly created position of head of Belt and Road initiative in Asia Pacific, effective from 1 July.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more