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India

China Foods Ltd (0506.HK)

0506.HK on Hong Kong Stock

4.08HKD
19 Jun 2018
Change (% chg)

HK$-0.31 (-7.06%)
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HK$4.39
Open
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Volume
9,714,000
Avg. Vol
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HK$5.42
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HK$3.04

Latest Key Developments (Source: Significant Developments)

China Foods FY Posts‍ Profit Attributable Of HK$1.77 Bln ​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - China Foods Ltd <0506.HK>::FY ‍ PROFIT ATTRIBUTABLE HK$ 1,774.7 MILLION VERSUS HK$ 499.7 MILLION ​.‍RECOMMEND TO SHAREHOLDERS PAYMENT OF A FINAL DIVIDEND OF HK2.4 CENTS PER SHARE​.FY REVENUE FROM CONTINUING OPERATIONS HK$15,461.3 MILLION VERSUS HK$11,290.5​ MILLION.  Full Article

China Foods Says Zhou Chenguang Resigns As CFO
Friday, 29 Dec 2017 

Dec 29 (Reuters) - China Foods Ltd <0506.HK>::ZHOU CHENGUANG HAS RESIGNED AS AN EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER.‍JIANG GUOJIN HAS RESIGNED AS AN EXECUTIVE DIRECTOR, MANAGING DIRECTOR​.‍SHEN PENG HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR​.LUAN XIUJU, AN EXECUTIVE DIRECTOR OF COMPANY, HAS BEEN RE-DESIGNATED AS MANAGING DIRECTOR.  Full Article

China Foods announces ‍disposal of equity interests in target co's for HK$1.40 bln
Monday, 16 Oct 2017 

Oct 16 (Reuters) - China Foods Ltd <0506.HK>:‍Disposal of equity interests in target companies​.Deal for consideration of hk$1,400 million​.Proposes to pay special dividend of hk$0.93 per share.Upon completion and payment of special dividend, remaining net proceeds to be received by co about hk$2. 47 billion​.‍Transaction value in relation to disposal is about hk$5,069 million​.  Full Article

China Agri-Industries announces acquisition of Cofco Fortune Food Sales & Distribution
Friday, 26 May 2017 

May 26 (Reuters) - China Agri-industries Holdings Ltd <0606.HK>:Cofco Fortune Holdings Limited entered into agreement with Cofco Food Sales & Distribution.Consideration for acquisition is RMB1,050 million which will be paid by way of cash.Upon completion, China Foods and its subsidiaries will no longer engage in target business.  Full Article

China Foods updates on potential disposal of interests in bottling operations<0506.HK>
Tuesday, 23 Aug 2016 

China Foods Ltd <0506.HK>: Inside information announcement - potential disposal of interests in certain companies engaging in bottling operations in the prc through public sale . Company is currently considering the potential disposal by way of public sale through the China Beijing equity exchange . Refers to announcement dated 10 February 2016 regarding The Coca-Cola co and Swire Beverages entering into LOI .  Full Article

China Foods reports HY net profit (unadjusted) HK$616.7 mln vs HK$114.0 mln<0506.HK>
Tuesday, 23 Aug 2016 

China Foods Ltd <0506.HK>: Announcement of interim results for the six months ended 30 June 2016 . HY profit attributable to the owners of the parent (unadjusted) HK$616.7 million versus HK$114.0 million . HY revenue from continuing operations HK$14.59 billion versus HK$14.88 billion . Economy in China is expected to be still under pressure in the second half of the year" . Increasing competition in the food and beverage industry will continue to bring uncertainty to our business operations" . Overall sales volume and selling prices are still expected to be under pressure in the second half of 2016" . Declared interim dividend of - HK1.2 cents per share . In H2 "it is expected that unit costs will fall compared with the corresponding period in 2015" . Marketing expenses will continue to increase in view of intensifying competition in the beverage market" .Long-term growth is expected for the wine industry".  Full Article

BRIEF-China Foods FY Posts‍ Profit Attributable Of HK$1.77 Bln ​

* FY ‍ PROFIT ATTRIBUTABLE HK$ 1,774.7 MILLION VERSUS HK$ 499.7 MILLION ​