Edition:
India

Chong Hing Bank Ltd (1111.HK)

1111.HK on Hong Kong Stock

14.78HKD
18 Apr 2019
Change (% chg)

HK$0.00 (+0.00%)
Prev Close
HK$14.78
Open
HK$14.78
Day's High
HK$14.80
Day's Low
HK$14.64
Volume
25,000
Avg. Vol
90,488
52-wk High
HK$16.02
52-wk Low
HK$13.00

Latest Key Developments (Source: Significant Developments)

Chong Hing Bank enters framework deal for Yuexiu Financial Technology to provide IT services​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Chong Hing Bank Ltd <1111.HK>::‍Bank enters framework deal for Yuexiu Financial Technology to provide information technology services to group​.  Full Article

Chong Hing Bank announces disposal of property
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Chong Hing Bank Ltd <1111.HK>:Discloseable transaction in relation to disposal of property.Bank (as vendor) entered into agreement for sale and purchase with purchaser King Firm Enterprises Limited.Bank has agreed to sell property at consideration of HK$658 million.Bank is expected to record an unaudited estimated gain of approximately HK$573.6 million.  Full Article

Chong Hing Bank says HY profit attributable was down 13.5 pct
Friday, 25 Aug 2017 

Aug 25 (Reuters) - Chong Hing Bank Ltd <1111.HK>::HY profit attributable to equity owners amounted to HK$512 million, representing a decline of 13.5pct.HY net interest income HK$ 1.11 billion versus HK$982,710 million.Total capital ratio of 15.78 pct, tier 1 capital ratio of 13.94 pct and common equity tier 1 capital ratio of 11.70 pct as at 30 June 2017.Board has declared an interim cash dividend for 2017 of HK$0.15 per share.  Full Article

Chong Hing Bank ‍expects 16 pct decline in net profit before taxation for six months ended 30 June 2017​
Friday, 7 Jul 2017 

July 7 (Reuters) - Chong Hing Bank Ltd <1111.HK>-:Expects a decline in group's consolidated net profit before taxation, in region of approximately 16%, for six months ended 30 june 2017​.Ffor six months ended 30 june overall operating profit of group before impairment allowances is expected to remain largely same​.Expected decline is due to preliminary assessment of increase in impairment allowances on loans & advances made during first 6 months of 2017.  Full Article

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Hong Kong's finance sector M&A deals fall prey to China crackdown

HONG KONG Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away.