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Shun Tak Holdings Ltd (0242.HK)

0242.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Shun Tak Holdings Announces ‍Formation Of JV With Committed Capital US$500 Mln
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Shun Tak Holdings Ltd <0242.HK>::ANNOUNCES ‍ FORMATION OF JOINT VENTURE WITH TOTAL COMMITTED CAPITAL FOR JV CO US$500 MILLION​.‍UNIT TO BE INTERESTED IN 30% EQUITY INTEREST IN JV CO AND ITS COMMITMENT TO JV CO IS US$150 MILLION​.  Full Article

Shun Tak holdings updates on ticketing agreement with MPEL
Friday, 7 Oct 2016 

Shun Tak Holdings Ltd <0242.HK> : Stctsml entered into ticketing agreement with mpel to regulate sale of ferry tickets by stctsml to mce group . Term ticketing agreement will take effect from 7 october 2016 until 31 december 2018 Source (http://bit.ly/2dYwnQ7) Further company coverage: [0242.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shun Tak reports HY unaudited loss of HK$53 mln<0242.HK>
Tuesday, 30 Aug 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-2016 interim results announcement . HY unaudited loss attributable to owners of the company for the period was HK$53 million . Board has resolved not to declare an interim dividend in respect of the six months ended 30 June 2016 . HY revenue HK$1.87 billion versus HK$2.13 billion .It is expected that dividend income will remain constricted in the short to medium terms.  Full Article

Shun Tak Holdings issues profit warning<0242.HK>
Friday, 22 Jul 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-profit warning <0242.HK> . Expected decrease was mainly attributable to decline in revaluation of investment properties . Unaudited interim results of co and its subsidiaries for the six months ended 30 June 2016 are expected to decrease significantly .  Full Article

Shun Tak says project co entered into the main contract with CSCEC<0242.HK>
Friday, 24 Jun 2016 

Shun Tak Holdings Ltd <0242.HK>: Project company entered into the main contract with cscec . CSCEC is appointed as the main contractor for the construction of the development . CCEM won the tender for the main contract . Deal for contract sum of RMB1.31 billion .  Full Article

Shun Tak Holdings announces formation of joint venture<0242.HK>
Wednesday, 22 Jun 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-major transactions - Investment by the purchaser in Nova City and formation of joint venture <0242.HK> . Total investment of hk$3.23 billion comprising a share consideration of hk$1.85 billion . The company ,the share owner, unit of co and purchaser entered into the sale and purchase agreement . Says net proceeds to the group from the transactions will be approximately hk$3.0 billion . Co estimates the net potential gain before tax on the transactions to be approximately hk$1.3 billion to be recognised upon completion .  Full Article

Shun Tak Holdings announces acceptance of tender for property in Singapore<0242.HK>
Monday, 23 May 2016 

Shun Tak Holdings Ltd <0242.HK>: Vendor confirmed that it has accepted the tender at the consideration of sg$145 million . Stres received acceptance letter dated whereby vendor confirmed that it has accepted the tender at the consideration .  Full Article

Shun Tak says STRES submitted tender to acquire property located in central Singapore<0242.HK>
Thursday, 12 May 2016 

Shun Tak Holdings Ltd <0242.HK>: Hold-possible discloseable transaction tender for the property in Singapore . STRES submitted tender on to vendor to acquire property located in central Singapore for tender fee of SG$1 million . Says the consideration is to be satisfied by the internal resources of the group .  Full Article

HK's Shun Tak in JV to invest up to $1.2 billion in China healthcare

HONG KONG Shun Tak Holdings Ltd said it would team up with Perennial Real Estate Holdings Ltd and other firms in Singapore and Thailand to jointly invest up to $1.2 billion in healthcare-related property projects in China.