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Hkr International Limited 香 港 興 業 國 際 集 團 有 限
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HKR INTERNATIONAL LIMITED * * 香港興業國際集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 00480) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2010 The board of directors (the “Board” or the “Directors”) of HKR International Limited (the “Company”) is pleased to announce the results of the Company and its subsidiaries (the “Group”) for the six months ended 30 September 2010 (the “Period”). INTERIM RESULTS The Group’s unaudited consolidated profit attributable to shareholders of the Company for the Period was HK$711.0 million, compared with HK$657.9 million for the corresponding period last year. Earnings per share were HK52.66 cents, compared with HK48.72 cents for the corresponding period last year. INTERIM DIVIDEND The Board has declared the payment of an interim dividend of HK7 cents per share for the Period to its shareholders whose names will appear on the registers of members of the Company on 13 December 2010. The interim dividend will be paid on 22 December 2010. An interim dividend of HK6 cents per share was paid by the Company to its shareholders for the corresponding period last year. CLOSURE OF REGISTERS OF MEMBERS The main and branch registers of members of the Company will be closed from Friday, 10 December 2010 to Monday, 13 December 2010, both days inclusive, during the period no transfer of shares will be registered. -
Directors Report
໎ԑผంй࣊ Directors’ Report ໎ԑผਹᔑеᙴ࿀ϭɀཌྷཌྷɍαɍ˂ɍɊ The directors submit to shareholders their annual report and the ᙔʔ̇˞Ɏ audited financial statements of the Company and its subsidiariesڃȹˀ˅α۹c̯ʔ̇ʥԯ hereinafter collectively referred to as the “Group”) for the year) ٲඑ྆ɾ൪αంйʥᄗ࣏ল৻ం̯ီ .ʀ̯ʔٖ̇e ended 31 March 2003 ˚߬พ৻ Principal Activities ᙔ The principal activity of the Company is investment holding andڃʔ̇ɾ˚߬พ৻ݯҙ༅ઁٖcԯ˚̯߬ the activities of its principal subsidiaries, associates and jointly כʔ̇dᐲᏪʔ̇ʥᏪʔ̇ɾ˚߬พ৻༗ .ഽ42e controlled entities are set out in note 42 to financial statementsڃٲল৻ం ʗඖ༅ࢿ Segment Information ഽ4e Details of segment information are set out in note 4 to the financialڃٲল৻ంכୀʗඖ༅ࢿ༗ statements. พᐜ Results එ྆࿀˅ɀཌྷཌྷɍαɍ˂ɍɊȹˀ˅α۹ Details of the results of the Group for the year ended 31 March̯ ʥτ 2003 are set out in the consolidated income statement on pageٲ55ࠒɾ၃νऩכɾพᐜੱc༗ .ഽʑe 55 and the accompanying notes to the financial statementsڃٲᗐɾল৻ం ᘪɺݢೕ࿀ϭɀཌྷཌྷɍαɍ The Directors of the Company have resolved not to recommendۺʔ̇໎ԑผ̯ .ɍɊȹˀ˅α۹ɾ̱౨ٖࢠe the payment of a final dividend for the year ended 31 March 2003˂ ʄαল৻ล߬ Five-year Financial Summary ʄল৻α۹ɾพᐜʥ༅ଐ߲ඦ A summary of the results and assets and liabilities of the Groupٶඑ̯྆ .145ࠒe for the past five financial years is set out on page 145כɾล߬༗ พdᄥָʥஉௐ Investment Properties and Property, Plant and Equipmentذพၤذҙ༅ พdᄥָʥஉ Details of changes during the year in the investment propertiesذพၤذඑ྆ʥ̯ʔ̇ҙ༅̯ ল৻ం and property, plant and equipment of the Group and of theכα۹ʑɾᛰ৽ੱcʗП༗̯כௐ ഽ15ʥ16e Company are set out in notes 15 and 16 to the financialڃٲ statements respectively. -
HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to Important Disclosures at the End of This Report
China / Hong Kong Company Guide HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 4 Jun 2020 BUY(Initiating Coverage) Rediscovering a hidden gem. Last Traded Price ( 2 Jun 2020):HK$3.12(HSI : 23,996) • HKRI Taikoo Hui in Shanghai is a crown jewel, supporting its Price Target 12-mth:HK$4.09 (31.1% upside) long-term share price appreciation • Low-cost land reserve in Discovery Bay, a well-regarded Analyst residential community, provides good investment returns Jeff YAU CFA,+852 36684180, [email protected] • The stock is undervalued, trading at 82% discount to our assessed current NAV Price Relative • Initiating coverage with BUY rating and TP of HK$4.09 HK$ Relative Index 3.7 209 Initiating coverage with BUY rating and target price of HK$4.09. HKR 3.5 189 International is trading at 82% discount to our appraised current 3.3 169 3.1 149 NAV, slightly wider than those for other small-to-mid cap property 2.9 129 developers. The stock is undervalued in view of its asset quality and 2.7 109 financial strength. The realisation of the value of its upmarket 2.5 89 Dec-19 Mar-20 residential developments in Hong Kong should provide upside on HKR International Ltd (LHS) Relative HSI (RHS) stock. Steadily growing contributions from HKRI Taikoo Hui in Forecasts and Valuation Shanghai and CDW Building in Hong Kong should underpin its long- FY Mar (HK$ m) 2019A 2020F 2021F 2022F term share price appreciation. -
Green Footprint
ESG REPORT 2018/2019 Green Footprint ACROSS THE REGION CONTENTS THAILAND 04 Message from Management 05 About the Report 06 About HKRI 07 Our Sustainability Approach 10 Memberships and Awards 12 Cherishing Our Environment MAINLAND CHINA 22 Respecting Our People 32 Caring for Our Community 42 Managing Our Value Chain 48 Performance Data Summary 52 HKEX ESG Reporting Guide Content Index HONG KONG MESSAGE FROM MANAGEMENT ABOUT THE REPORT Reporting Scope and Standard This Report is produced by HKRI to communicate the Group’s sustainability management As part of the community, approach and performance in four key areas: environment, human capital, community and value chain. The Report covers the period from 1 April 2018 to 31 March 2019. HKRI holds diversified we are prepared to shoulder business interests across Hong Kong, mainland China and Asia. This year, to further enhance our transparency and reflect our geographic footprint, we have expanded the reporting scope our responsibilities to to include operations in Thailand in addition to the businesses, joint ventures and subsidiaries operated by HKRI in Hong Kong and mainland China. Operations listed in the diagram below protect our home and create constitute the scope of the Report: a better living environment for everyone. Property Discovery Bay: Developmenta City Management & 2018 was another fruitful year for the region. An exemplary demonstration people to build a talent pool for future Operations of Transportationd HKR International Limited (“HKRI” of this pioneering spirit is HKRI Taikoo business development. Meanwhile, or the “Company”). We shared the Hui, which was constructed using we maintain comprehensive training the Group joy of 40 years of achievement with revolutionary and innovative green programmes to ensure that our current different stakeholders and celebrated building designs and garnered the LEED® staff members are properly equipped to the completion of our flagship project Certifications and China Green Building adapt to changing trends. -
Real Estate and Construction-210204-EN
Real Estate and Construction Beijing Guangzhou Hong Kong Shanghai Shenzhen 27/F, North Tower 17/F, International Finance 26/F, One Exchange Square 24/F, HKRI Centre Two, 17/F, Tower One, Kerry Plaza Beijing Kerry Centre Place, 8 Huaxia Road, 8 Connaught Place, Central HKRI Taikoo Hui 1 Zhong Xin Si Road 1 Guanghua Road Zhujiang New Town Hong Kong 288 Shi Men Yi Road Futian District Chaoyang District Guangzhou 510623, China Shanghai 200041, China Shenzhen 518048, China Beijing 100020, China Tel: +86 10 5769 5600 Tel: +86 20 3225 3888 Tel: +852 3976 8888 Tel: +86 21 2208 1166 Tel: +86 755 8159 3999 Fax:+86 10 5769 5788 Fax:+86 20 3225 3899 Fax:+852 2110 4285 Fax:+86 21 5298 5599 Fax:+86 755 8159 3900 www.fangdalaw.com Real Estate and Construction 01 Real Estate and Construction Practice Fangda’s Real Estate and Construction Practice Team excels at providing one-stop and full-scale services to leading real estate market players, including real estate developers, real estate private equity sponsors, institutional investors, financial institutions and other corporations and individuals in complicated domestic and cross-border real estate transactions. Our lawyers are frequently appointed as arbitrators in real estate and construction-related disputes. Our strength in this area includes a combination of understanding the traditions of the Chinese market and practice and our abundant experience in serving international clients, complemented by services for non-contentious and contentious cases. We are one of the few firms based in China that can provide integrated real estate and construction related legal services, and present practical advice based on our knowledge and experience in the local market. -
Istoxx® Developed and Emerging Markets Ex Usa Pk Vn Real Estate
ISTOXX® DEVELOPED AND EMERGING MARKETS EX USA PK VN REAL ESTATE Components1 Company Supersector Country Weight (%) Vonovia SE Real Estate Germany 3.58 Goodman Group Real Estate Australia 2.31 Mitsubishi Estate Co. Ltd. Real Estate Japan 2.14 Mitsui Fudosan Co. Ltd. Real Estate Japan 2.06 Sun Hung Kai Properties Ltd. Real Estate Hong Kong 2.00 Link Real Estate Investment Tr Real Estate Hong Kong 1.79 DEUTSCHE WOHNEN Real Estate Germany 1.71 Sumitomo Realty & Development Real Estate Japan 1.50 SEGRO Real Estate Great Britain 1.44 CK Asset Holdings Ltd Real Estate Hong Kong 1.33 China Resources Land Ltd. Real Estate China 1.14 SM Prime Holdings Inc Real Estate Philippines 1.11 LEG IMMOBILIEN Real Estate Germany 1.06 SCENTRE GROUP Real Estate Australia 1.04 UNIBAIL-RODAMCO-WESTFIELD Real Estate France 1.04 AROUNDTOWN (FRA) Real Estate Germany 0.85 China Overseas Land & Investme Real Estate China 0.84 WHARF REIC Real Estate Hong Kong 0.78 Mirvac Group Real Estate Australia 0.78 DEXUS Real Estate Australia 0.77 Nippon Building Fund Inc. Real Estate Japan 0.77 Stockland Real Estate Australia 0.75 Japan Real Estate Investment C Real Estate Japan 0.73 SWISS PRIME SITE Real Estate Switzerland 0.73 CAPTIALAND INT COMM TRUST Real Estate Singapore 0.71 GECINA Real Estate France 0.70 Ayala Land Inc Real Estate Philippines 0.69 Ascendas Real Estate Investmen Real Estate Singapore 0.68 New World Development Co. Ltd. Real Estate Hong Kong 0.66 CANADIAN APARTMENT PROP REIT Real Estate Canada 0.66 NIPPON PROLOGIS REIT Real Estate Japan 0.63 NOMURA REIT.MASTER FUND Real Estate Japan 0.62 CapitaLand Ltd. -
Annual Report
Contents Delivering Value 2 Ten-Year Financial Summary 4 Chairman’s Statement 6 Financial Highlights 9 Management Discussion and Analysis Review of Operations 10 Financial Review 38 Credit Analysis 46 Corporate Governance Corporate Governance 53 Directors and Offi cers 66 Directors’ Report 68 Sustainable Development 75 Auditor’s Report and Accounts Independent Auditor’s Report 83 Consolidated Profi t and Loss Account 84 Consolidated Balance Sheet 85 Company Balance Sheet 86 Consolidated Cash Flow Statement 87 Consolidated Statement of Changes in Equity 88 Notes to the Accounts 89 Principal Accounting Policies 141 Principal Subsidiary, Jointly Controlled and Associated Companies and Investments 151 Supplementary Information Cathay Pacifi c Airways Limited – Abridged Financial Statements 160 Schedule of Principal Group Properties 163 Group Structure Chart 174 Glossary 176 Financial Calendar and Information for Investors 177 2007 Annual Report 1 Delivering Value Swire Pacifi c is one of the leading companies in Hong Kong with fi ve operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The Group’s operations are predominantly in Greater China where the name Swire or 太古 has been established for over 130 years. Swire Pacifi c is deeply committed to Hong Kong where our subsidiaries, jointly controlled and associated companies employ over 43,000 staff. Globally we employ over 70,000 staff. We are committed to ensuring that our The Group’s total net assets employed Excluding the impact of the sale affairs are conducted with high ethical increased by HK$32.2 billion during of the Group’s interest in Shekou standards which is a key component 2007 to HK$159.2 billion at the year- Container Terminals during the year, of our long-term success. -
Discloseable Transaction
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HKR INTERNATIONAL LIMITED 香港興業國際集團有限公司* (Incorporated in the Cayman Islands with limited liability) (Stock code: 00480) DISCLOSEABLE TRANSACTION ACQUISITION OF INVESTMENT INTERESTS IN A REAL PROPERTY IN JAPAN The Board is pleased to announce that on 28 March 2013, the Investors, two indirect wholly-owned subsidiaries of the Company, have indirectly acquired the investment interests in the Property as the underlying entrusted asset from the Vendor for the Consideration of JPY3,472,850,000 (approximately HK$286.3 million). The Acquisition is expected to be completed on the Closing Date. Since one of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the Acquisition exceeds 5% but all applicable percentage ratios are less than 25%, the Acquisition constitutes a discloseable transaction for the Company under Rule 14.06 of the Listing Rules. INTRODUCTION The Board is pleased to announce that on 28 March 2013, the Investors, two indirect wholly- owned subsidiaries of the Company, have indirectly acquired the investment interests in the Property as the underlying entrusted asset from the Vendor for the Consideration of JPY3,472,850,000 (approximately HK$286.3 million). The Acquisition is expected to be completed on the Closing Date. ACQUISITION OF INVESTMENT INTERESTS IN A REAL PROPERTY IN JAPAN On 28 March 2013, the Investors have indirectly acquired the investment interests in the Property as the underlying entrusted asset from the Vendor through a sale and purchase agreement of the trust beneficiary interest in the Property entered into between the Operator as the purchaser and the Vendor on the same date. -
Swire Properties Delivers Solid Results in First Half of 2021
For Immediate Release Swire Properties Delivers Solid Results in First Half of 2021 Strong fundamentals, combined with a balanced portfolio and strategic capital management fuelling Company’s future growth Summary of 2021 Interim Results • Increase in attributable underlying profit to HK$4,513 million, driven by the sale of car parking spaces at Taikoo Shing in Hong Kong. • Strong fundamentals delivering sustainable dividend growth of 3% year-on-year. • Resilient Hong Kong office portfolio with high occupancies and stable rents. • Robust Chinese Mainland retail portfolio with 38% year-on-year increase in attributable gross rental income. • Gradual recovery in Hong Kong retail portfolio with high occupancy and an increase in retail sales. • Strong balance sheet to scale up our investments in Hong Kong and the Chinese Mainland. Six months ended 30th June 2021 2020 Note HK$M HK$M Change Results Revenue 9,068 6,551 +38% Profit attributable to the Company's shareholders Underlying (a), (b) 4,513 3,753 +20% Recurring underlying (b) 3,716 3,702 0% Reported 1,984 1,029 +93% HK$ HK$ Earnings per share Underlying (c), (d) 0.77 0.64 +20% Recurring underlying (c), (d) 0.64 0.63 0% Reported (c), (d) 0.34 0.18 +93% Dividend per share First interim 0.31 0.30 +3% 30th June 31st December 2021 2020 HK$ HK$ Change Financial Position Equity attributable to the Company’s shareholders per share (a) 49.21 49.36 0% Gearing ratio (a) 3.1% 2.3% +0.8%pt. Notes: (a) Refer to the glossary on page 66 of the announcement of 2021 Interim Results of Swire Properties Limited (the “Results Announcement”), dated 12 August 2021, for definition. -
Baroque Group Opens Its 200Th Store in Mainland China
July 11, 2017 Press Release Baroque Japan Limited (Tokyo Stock Exchange First Section 3548) Baroque Group Opens its 200th Store in Mainland China HKRI Taikoo Hui MOUSSY & SLY General Store opens on July 8 in Shanghai Baroque Japan Limited (Head Office: Meguro-ku, Tokyo, Japan; Representative Director and CEO: Hiroyuki Murai, hereinafter “our company”), a specialty retailer of private label apparel, opened a MOUSSY & SLY general store in HKRI Taikoo Hui, a new commercial facility in the center of Shanghai on Saturday, July 8, 2017, through its joint venture with BELLE INTERNATIONAL HOLDINGS LIMITED (Head Office: Shenzhen City, Guangdong Province, China; hereinafter “Belle”). This store is our 200th in mainland China. Staff of MOUSSY & SLY general store celebrating the success of the 200th store at HKRI Taikoo Hui in Shanghai 21 The MOUSSY & SLY general store at HKRI Taikoo Hui (1) Overview of the commercial facility HKRI Taikoo Hui and the new store HKRI Taikoo Hui is a new complex which opened in May 2017. Large in size and with appealing store designs, it is attracting much attention in the Puxi district, which is the center of commercial activity. It comprises a shopping mall (approx 100,000 m2), a hotel and serviced apartments (approx 50,000 m2), and offices (approx 170,000 m2). It is conveniently located with access from three subway lines. Baroque Group, with the establishment of a large-scale 285 square-meter store in HKRI Taikoo Hui, is confident in the ability of its MOUSSY and SLY brands to attract customers amidst competition with other retail clothing lines. -
Swire Properties Announces 2017 Final Results
For Immediate Release Swire Properties Announces 2017 Final Results 2017 2016 Note HK$M HK$M Change Results For the year Revenue 18,558 16,792 +11% Operating profit 34,930 17,320 +102% Profit attributable to the Company's shareholders Underlying (a),(b) 7,834 7,112 +10% Reported 33,957 15,050 +126% Cash generated from operations 13,680 10,767 +27% Net cash inflow before financing 4,869 1,998 +144% HK$ HK$ Earnings per share Underlying (c) 1.34 1.22 +10% Reported (c) 5.80 2.57 +126% Dividends per share First interim 0.25 0.23 +9% Second interim 0.52 0.48 +8% HK$M HK$M Financial Position At 31st December Total equity (including non-controlling interests) 259,378 227,225 +14% Net debt 35,347 35,377 -0% Gearing ratio (a) 13.6% 15.6% -2.0%pt. HK$ HK$ Equity attributable to the Company’s shareholders per share (a) 44.00 38.52 +14% Notes: (a) Refer to glossary on page 57 of the announcement of 2017 Final Results of Swire Properties Limited dated 15 March 2018 (the “Results Announcement”) for definition. (b) A reconciliation between reported profit and underlying profit attributable to the Company’s shareholders is provided on page 6 of the Results Announcement. (c) Refer to note 9 in the financial statements in the Results Announcement for the weighted average number of shares. 2017 2016 Underlying profit/(loss) by segment HK$M HK$M Property investment 6,723 6,029 Property trading 1,154 1,200 Hotels (43) (117) 7,834 7,112 15 March 2018, Hong Kong - Swire Properties Limited today announced its final results for 2017. -
2020 Final Results
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SWIRE PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 1972) 2020 Final Results 2020 FINAL RESULTS CONTENTS Page Financial Highlights 1 Chairman’s Statement 2 Chief Executive’s Statement 4 Review of Operations 6 Financing 34 Consolidated Financial Statements 37 Additional Information 55 Glossary 57 Financial Calendar and Information for Investors 58 2020 FINAL RESULTS FINANCIAL HIGHLIGHTS 2020 2019 Note HK$M HK$M Change Results For the year Revenue 13,308 14,222 -6% Profit attributable to the Company's shareholders Underlying (a),(b) 12,679 24,130 -47% Recurring underlying (b) 7,089 7,633 -7% Reported 4,096 13,423 -69% Cash generated from operations 7,550 5,499 +37% Net cash inflow before financing 13,885 20,217 -31% HK$ HK$ Earnings per share Underlying (c) 2.17 4.12 -47% Recurring underlying (c) 1.21 1.30 -7% Reported (c) 0.70 2.29 -69% Dividend per share First interim 0.30 0.29 +3% Second interim 0.61 0.59 +3% HK$M HK$M Financial Position At 31st December Total equity (including non-controlling interests) 290,680 288,911 +1% Net debt 6,605 15,292 -57% Gearing ratio (a) 2.3% 5.3% -3.0%pt.