Author: Marie Jones

Strong Ties with Clients and Solid Market Demand Drive Growth Bangladesh Facilities Continue to Enjoy Economies of Scale HONG KONG – (ACN Newswire) – Evergreen Products Group Limited (“Evergreen” or the “Group”; HKEX stock code: 1962), a leading global manufacturer of hair goods, has announced its interim results for the six months ended 30 June 2018 (the “Period”), reporting significant revenue growth of 22.1% to HK$373.3 million, driven by long-standing ties with its existing clients and strong overall market demand for Evergreen’s wigs and hair products. During the Period, the Group continued to enjoy low labor costs at the Bangladesh Factory,…

Mega Box Office Hit Dying to Survive to be Booked to 2H 2018 Revenue HONG KONG – (ACN Newswire) – Huanxi Media Group Limited (“Huanxi Media” or the “Group”; stock code: 1003) has posted a total revenue of HK$84,988,000 for the six months ended 30 June 2018 (the “Review Period”), compared to HK$107,000 in the same period last year. Impressive box office receipts of the movie Us and Them contributed to the Group’s improved results for the first half year. Gross profit of the Group also increased to HK$14,914,000. During the Review Period, loss attributable to owners of the Company amounted…

HONG KONG – (ACN Newswire) – Emperor Watch & Jewellery Limited (the “Group” or “Emperor W&J”) (Stock code: 887), a leading retailer of European-made watches and fine jewellery, is pleased to announce an encouraging interim results for the six months ended 30 June 2018 (the “Period”). Driven by strong momentum in luxury consumption market, the Group delivered solid operating performance in the Period. The Group’s total revenue soared by 34.3% to HK$2,454.0 million (1H2017: HK$1,827.2 million). Amidst the revival of inbound tourism and the strong recovery in retail sales, revenue from Hong Kong achieved a growth of 42.8% to HK$1,908.4 million…

HONG KONG – (ACN Newswire) – Galaxy Resources Limited (“Galaxy” or the “Company”) (ASX: GXY) is pleased to announce that it has executed binding definitive documentation with POSCO for the sale of a package of tenements located on the northern portion of the Salar del Hombre Muerto in the northwest region of Argentina, for a cash consideration of US$280 million. This consideration will be paid to Galaxy upon completion of the relevant tenement transfer and registration procedures in Argentina. The tenements the subject of the transaction are listed below. Highlights – Binding agreement executed with POSCO to sell a package of…

In-house infant and toddlers clothing accessories brand – “MiDes” to enter Kidswant’s sales network in the PRC; Tapping China market through approx. 10 points-of-sale by end of year HONG KONG – (ACN Newswire) – Mansion International Holdings Limited (“Mansion International”, together with its subsidiaries collectively referred as the “Group”; stock code: 8456), specialising in the manufacture and sale of baby clothing and clothing accessories for infants and toddlers, today announced that it has entered into a memorandum of understanding (“MOU”) with Kidswant Children Products Co., Ltd.(“Kidswant”). Under the MOU, Kidswant will become the exclusive offline sales channel in the People’s Republic…

– Net profit rose 16.1% to S$17.1 million on revenue growth of 13.8% to S$65.1 million – Sound balance sheet with cash of S$21.1 million and zero debt – Proposes final dividend of 5 cents per share and special dividend of 1 cent per share – Raises total dividends to 10 cents per share for FY2018 from 8 cents per share in FY2017 SINGAPORE – (ACN Newswire) – Micro-Mechanics (Holdings) Ltd. (“Micro-Mechanics”, SGX:5DD), a manufacturer of high precision tools and parts used in process-critical applications for the semiconductor industry, has reported a record performance for its financial year ended 30 June 2018 (“FY2018”)…

– A problem facing the rapidly growing inbound FIT segment? 56% of hot springs refuse service to people with tattoos – With the number of visitors to Japan set to double for the Tokyo Olympics, cultural understanding is needed Kyoto, Japan – (JCN Newswire) – The rapid growth of tourism in Japan in recent years, particularly among the FIT (free independent traveler) segment, has served to highlight the issue of restrictions on hot spring use that have been placed upon people with tattoos. To address this problem, Anshin Oyado, the ‘Next-Generation Capsule Hotel’ operated by Shinjuku, Tokyo-based Sanza Co., Ltd. (CEO: Katsuro Ogino),…

Revenue and Net Profit Increases by 25.8% and 21.7% Respectively HONG KONG – (ACN Newswire) – Steve Leung Design Group Limited (“SLD Group” or the “Group”; HKEX stock code: 2262), an award-winning and internationally renowned interior design services and interior decorating and furnishing services provider headquartered in Hong Kong, today announced its first interim results, for the six months ended 30 June 2018 (“Period”), since its listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on 5 July 2018. During the Period, the Group recorded year-on-year revenue growth of 25.8% to HK$223.5 million and gross profit…

Significant Improvement in Sales of Processed Wood Products; Continues to Develop Wood Processing Procedure Service HONG KONG – (ACN Newswire) – China Wood Optimization (Holding) Limited (“China Wood Optimization” or the “Group,” HKEX stock code: 1885), an advanced new technology group engaged in self-developed Wood Processing Procedure Service as well as the sale of its self-produced less-shaved Processed Wood Panels, has announced its interim results for the six months ended 30 June 2018 (the “review period”). During the review period, the Group’s revenue increased 12.5% year-on-year to RMB117.6 million. The increase was mainly attributable to a rise in sales of its…

“Health + Wealth” Strategy Synergy Gradually Emerges HONG KONG – (ACN Newswire) – Mason Group Holdings Limited (“Mason Group” or the “Group”, stock code: 273.HK) today announced its unaudited interim results for the six months ended 30 June 2018 (the “Period”). With the continued implementation of its “Health + Wealth” strategy, the Group’s net profit surged more than 18 times to approximately HK$172.18 million and saw a turnaround in its profit attributable to the Group’s equity holders, amounting to approximately HK$135.43 million, with turnover increasing by 45.27% year-on-year to approximately HK$1,841.32 million. The significant improvement in the Group’s performance is mainly attributable to…

HONG KONG – (ACN Newswire) – Minsheng Education Group Company Limited (“Minsheng Education” or the “Group,” Stock code: 1569) has announced its unaudited interim results for the six months ended 30 June 2018 (“Period under Review”). Financial Highlights – Revenue increased by 24.2% to RMB316.3 million (1H 2017: RMB254.6 million) – Gross profit grew by 13.5% to RMB188.5 million (1H 2017: RMB166.1 million). Gross profit margin at 59.6% (1H 2017: 65.2%) – Core net profit increased by 22.4% to RMB227.2 million (1H 2017: RMB185.6 million). Core net profit margin at 71.8% (1H 2017: 72.9%) – Net profit increased by 37.2% to…

HONG KONG – (ACN Newswire) – Apex Ace Holding Limited (“Apex Ace” or the “Company”; Stock Code: 6036) and its subsidiaries (collectively referred as the “Group”), a supplier of digital storage products and electronic components along with relevant technical support, posted a total revenue of approximately HK$2,089.7 million, representing a year-on-year surge of approximately 65.4% for the six months ended 30 June 2018 (the “Review Period”). The significant increase was mainly attributed to the continuously booming technological product market, which drove a notable growth in demand for digital storage products and electronic components from downstream manufacturers. Together with the impressive rise in purchase…

HONG KONG – (ACN Newswire) – Guangzhou Rural Commercial Bank Co., Ltd. (“GRC Bank” or the “Bank;” Stock Code: 1551.HK), a leading rural commercial bank in China, ranking first in this category in Guangdong Province, is pleased to announce its unaudited 2018 interim results for the six months ended 30 June 2018 (the “Period”). During the Period, the Bank has further enhanced its market position, and it has been assigned the long-term credit ratings of “Baa2 Investment Grade” and “BBB-Investment Grade” by Moody’s and S&P respectively. The Bank has become the only regional bank in China that has been rated as investment grade…

Ho Chi Minh City and Tokyo – (ACN Newswire) – Orient Commercial Joint Stock Bank (OCB), a commercial joint stock bank in Vietnam, and JCB International Co. Ltd., the international operations subsidiary of JCB Co., Ltd. (JCB), today announced the launch of OCB-JCB Credit and Debit Card in Vietnam. The holders of OCB-JCB Card can access the JCB acceptance network with about 30 million merchants in the world, and enjoy a lot of benefits provided by OCB, special privileges at selected merchants, and customer service at JCB Plaza, an overseas service counter. Moreover, OCB-JCB Platinum Credit Cardholders are entitled to…

TOKYO – (JCN Newswire) – BaseLayer, Inc. (Shibuya-ku, Tokyo; CEO: Hitoshi Kisou) has launched Japan Branch Support Services (JBSS) to help overseas blockchain-based projects to promote their service in Japan. From market entry to promotion, we aim for the fastest penetration with blockchain. Cryptocurrencies are becoming the new infrastructure for payments, and many projects have released new tokens to the market. Within that ecosystem, Ethereum is one of the most exciting and promising projects. As a revolutionary platform for trading securities and digitalizing debts, Ethereum has gained a lot of attention. JBSS mainly supports overseas projects by providing services such as promotion, branding,…

Group recorded gross profit of US$0.9M for 4Q FY18 SINGAPORE – (ACN Newswire) – CWX Global Limited (“CWX Global”, SGX: 594), announced higher 4Q FY18 gross profit of US$0.9 million, an increase of 204% from US$0.3 million in 4Q FY17. This was mainly due to a 16% growth in revenue coupled with a 49% decrease in depletion cost of the Group’s oil and gas properties in 4Q FY18 as compared to 4Q FY17. – Higher average oil price of US$67 per barrel albeit lower oil production for the quarter – Lower depletion cost of oil & gas properties reduced cost of sales by…

Achieves Record-high Contracted Sales of RMB20.8 Billion; Actively Replenishes Land Bank in Second-tier and Strong Third-tier Cities HONG KONG – (ACN Newswire) – China SCE Group Holdings Limited (“China SCE” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1966), announced its interim results for six months ended 30 June 2018. For the six months ended 30 June 2018, the Group’s revenue increased by 15.3% to approximately RMB9.41 billion, attributable mainly to the increase in property sales income. Gross profit increased by 21.4% to RMB3.04 billion. Gross profit margin rose by 1.6 percentage points to 32.3%, thanks to the…

Introduced “Take a Green Break” to Provide Healthy Food Products Developing a “New Retail” Business Model with Good Progress HONG KONG – (ACN Newswire) – Hop Hing Group Holdings Limited (“Hop Hing” or the “Group;” stock code: 47) has today announced its interim results for the six months ended 30 June 2018 (the “period under review”). Financial Highlights – Revenue increased by 14.1% to HK$1,195.6 million – Continued to achieve favorable profitability: — Gross profit increased by 13.5% to HK$764.1 million, with gross profit margin remaining stable at 63.9% — Store EBITDA maintained stable at 21.4% — Net profit was HK$75.8…

HONG KONG – (ACN Newswire) – China Leon Inspection Holding Limited (the “China Leon” or the “Company”, Stock Code: 1586.HK) is pleased to announce its interim results for the 6 months ended 30, June 2018 (the “Review Period”). Given coal’s long-term dominant position in China’s energy structure, only a moderate portion of coal is currently subject to independent testing and inspection, so the coal testing and inspection industry still has steady growth potentials. China Leon fully seized the favourable opportunities in the industry and market environment, increased its input of resources and actively planned the strategy layout, which helped to cope…

Mabi Concession Towards Commercialization HONG KONG – (ACN Newswire) – AAG Energy Holdings Limited (“AAG Energy” or the “Group”; HKEX stock code: 2686), the leading independent coalbed methane (“CBM”) producer in China, announced it has achieved remarkable interim results with net profit of RMB205.7 million, up 222.9% year-on-year (“YoY”), for the six months ended June 30, 2018 (“1H 2018”). During 1H 2018, the Group’s gross gas production increased by 30% YoY to 381.2 million cubic meters (“MMCM”) (13.5 billion cubic feet (“bcf”) (comprising Panzhuang’s gross production of 331.3 MMCM or 11.7 bcf and Mabi’s gross production of 49.9 MMCM or 1.8…