| Willas Array - Challenging Outlook (Results) |
03 Jul 2008
Although the company delivered good set of results for FY08, there were signs of slow down on orders. This was evidenced by a 24% increase in inventory and trade receivable, amounting to HK$843m in total as at 31 Mar 08.
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| Penguin - Strengthening Presence in Middle East (Update) |
01 Jul 2008
To leverage on the high oil price and buoyant offshore demand, Penguin is expanding its fleet for offshore services and focusing more into Middle East market.
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| Eng Kong - Acquisition of Keyun (Update) |
01 Jul 2008
Shareholders has approved the proposed 30% acquisition of Gold Prime Holdings Limited (GPHL) for RMB63m, consisting RMB34.5m (19%) for 190 ordinary shares and another RMB28.5m (11%) of preference shares which are convertible into ordinary shares.
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| Fuyu - Overdue Loan issues resolved for now |
01 Jul 2008
On balance, we think the impact of the capital reduction is slightly negative, because Fuyu derives most of its profits from LCTH. In addition, using equity to pay back debt generally does not add value to shareholders.
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| TeleChoice - Steady Business, Steady Dividend Payer (Results) |
27 Jun 2008
TeleChoice's 1Q08 earnings rose 7.9% YoY to $3.3m while revenue edged down 3.9% to $96.9m. Both gross and net margins improved due to higher profit from PCS business.
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| 8Telecom - Update on Disposal of TEMS Business (Update) |
27 Jun 2008
To maximise shareholder value, 8Telecom has proposed to fully divest its wholly owned subsidiaries in TEMS business (i.e. Zhejiang Eight Adison Precision Electronic Manufacturing Co Ltd, Top Tough Ltd and Star Castle Overseas Ltd) for RMB60m.
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