European and American stock markets generally rose overnight, European bank stocks were good, and the U.S. Nasdaq and S&P 500 index both hit new close highs. The Federal Reserve held a two-day monetary policy meeting to release a monetary policy statement on Thursday, but the market believes the Federal Reserve is preparing measures to reduce its balance sheet starting in September, so there may be hints in the policy statement. The Hang Seng Index opened 0.41% higher this morning at 26,960.81 points; the State-owned Enterprise Index opened 0.48% higher at 10,834.08 points; the Red Chip Index opened 0.39% higher at 4,226.24 points. The market turnover was 1.532 billion.
The international oil price rose sharply the next night, and the "three barrels of oil" were good. China Petroleum ( Hong Kong stock 00857) rose 2.24% to HK$5.01; China Offshore Oil (Hong Kong stock 00883) rose 2.1% to HK$8.75; China Petroleum and Chemical Corporation (Hong Kong stock 00386) rose 1.02% to HK$5.97. U.S. API crude oil inventories unexpectedly fell by 10.2 million barrels in the week of July 21, a drop of more than expected. In addition, continued to benefit from the promise of Saudi Arabia to cut crude oil exports, Brent oil futures rose more than 3% to recover the $50 mark; New York oil futures also rose more than 3% to $47.89 per barrel, rising to a seven-week high.
China Evergrande (Hong Kong stock 03333) rose 8.81% to HK$19.26. The company expects that the unaudited net profit in half a year will be about three times the same period last year, mainly due to the significant increase in the average selling price of the property handed over by the Group during the period, and the total construction area of the handed over has increased significantly; and the Group has completed the redemption of all perpetual bonds, increasing the profits that shareholders should distribute in the current period.
Anhui Conch rose 3.52% to HK$29.4. The company made a good profit, and it is expected that the medium-term net profit will rise sharply by about 90% to 1.1 times year-on-year.
ASM Pacific fell 2.46% to HK$119. It announced its interim results as of the end of June this morning, with net profit of 1.492 billion yuan, an increase of 2.03 times year-on-year, with a basic profit of 3.66 yuan per share and an interim interest of 1.2 yuan per share.
Guiren Capital Liang Yuan said that US stocks closed higher on Tuesday, with the S&P and the Dow Jones hitting new highs, boosted by the listing financial reports released by some US sub-sectors, and the beautiful financial report data alleviated investors' concerns about overbought US stocks. Looking back to the domestic market, Shanghai and Shenzhen stock markets opened low and closed low on Tuesday, with a sharp rise the day before yesterday. The decline of the military industry sector dragged down the market's long sentiment. In addition, the lack of market hot spots caused the two markets to fluctuate and close down. Although economic data relies on a stable preference, the index rebounded this time mainly focused on blue chips, and the trend of the theme sectors repeated, indicating that investors are cautiously going long. Hong Kong stocks consolidated at a high level in a narrow range, and affected by the weakness of external US stocks, Hong Kong stocks opened lower in the early trading. At the same time, A-shares returned to soften during the session and affected investor sentiment. Fortunately, the capital market is abundant and the Hong Kong stocks remain stable, and closed slightly in the late trading. The financial reports of external US companies support the rise of US stocks again, which positively supports Hong Kong stocks. However, investors pay attention to the trends of the Federal Reserve's monetary policy parliament and A-shares this week. The wait-and-see attitude puts pressure on Hong Kong stocks, but the continued inflow of capital has given confidence in Hong Kong stocks. Therefore, it is expected that the trend of Hong Kong stocks will continue to decline in the near future, so you can pay attention to high-performance stocks.
new shares news
Renzhi International Group (Hong Kong Stock 08082) (08082.HK): It was announced that on July 25, 2017, approximately 164 million consideration shares were allocated and issued in accordance with the investment agreement, accounting for 16.52% of the total issued shares, with an issue price of HK$0.160 per share, a discount of 38.46% from the closing price of HK$0.260 per share on the previous business day, and there is currently a balance of approximately 1.158 billion shares.
Bishengyuan (Hong Kong Stock 00926) (00926.HK): On July 25, 2017, 75 million common shares were issued based on the allocation of the second batch of subscribed shares, accounting for 4.823% of the shares issued, with an issue price of HK$0.50 per share, a discount of approximately 16.67%.
Strait Petrochemical (Hong Kong Stock 00852) (00852.HK): According to the subscription agreement, 354 million subscribed shares were allocated and issued on July 25, 2017, accounting for 20% of the issued shares, and the issuance price per share was HK$0.658, a discount of 39.1% over the previous trading day. Accordingly, the company balanced 2.122 billion shares at the end of July 25, 2017.
Beijing Water Group (Hong Kong Stock 00371) (00371.HK): On July 25, 2017, 5.92 million common shares were allocated and issued in accordance with the share option plan adopted on June 28, 2011, accounting for 0.0675% of the total issued shares, and the issue price per share was HK$2.44, which was about 63.03% discount to the closing price per share of HK$6.41 on the previous business day.
Luoyang Luanchuan (03993.HK): On July 25, 2017, the company obtained a securities change registration certificate issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. for the purpose of subscribing to stocks of specific investors in this private placement as of July 24, 2017. This private placement has added approximately 4.712 billion A-shares, with an issue price of RMB 3.82 per share, with a total amount of funds raised RMB 18 billion, of which the issuance expenses are approximately RMB 141 million and the net amount of funds raised is approximately RMB 17.859 billion.
Company performance
FRASER HLDGS (08366.HK): For the year ended April 30, 2017, its revenue was approximately HK$149 million, a decrease of approximately 17.7% from last year; the profit attributable to the company's owners was approximately HK$4.567 million, a decrease of approximately 36.1% from the same period last year; the basic profit per share was approximately HK$0.32; no dividends were paid.
L'OCCITANE (00973.HK) : For the three months ended March 31, 2017, the group achieved a total sales of approximately 280 million euros, a year-on-year increase of 4.13%; at a fixed exchange rate, sales growth was 2.7%.
Yingxiying Police
Anyue International Holdings (Hong Kong Stock 08245) (08245.HK): It is expected that the group's losses for the three months ended June 30, 2017 will increase compared with the losses in the same period in 2016. The increase in the related losses is mainly due to the increase in sales costs, which leads to a decrease in gross profit margin and gross profit.
China Evergrande (03333.HK): is expected to make a profit, and the unaudited net profit recorded by the group in the six months ended June 30, 2017 and the company's shareholders' distributable profit will increase significantly compared with the same period last year, of which the unaudited net profit is expected to be about three times that of the same period last year.
Hejia Resources (Hong Kong Stock 00704) (00704.HK): Fa Yingxi, the Group expects that the comprehensive profit for the six months ended June 30, 2017 will be no less than HK$130 million, while the comprehensive profit for the same period last year will be approximately HK$9.6 million.
Direct Telecom (Hong Kong Stock 08337) (08337.HK): Compared with the group's losses recorded in the same period in 2016, it is expected that the group will record a loss reduction of about 50% to 60% in the six months ended June 30, 2017.
Jiangshan Holdings (Hong Kong Stock 00295) (00295.HK): The group expects to record a net profit of no less than RMB 40 million (the same below) in the six months ended June 30, 2017, while a net loss of approximately RMB 124 million in the same period in 2016. The announcement stated that the expected net profit mainly comes from the increase of electricity sales revenue from approximately RMB 208 million in the mid-2016 to approximately RMB 526 million in the same period of 2017.
Chief Baojia (Hong Kong Stock 00103) (00103.HK): The Group's performance has improved significantly, and the unaudited comprehensive profit recorded in the six months ended June 30, 2017 will be within the range of HK$16 million to HK$25 million, compared with the unaudited comprehensive loss recorded in the same period in 2016.
Tongfang Kangtai (Hong Kong Stock 01312) (01312.HK): According to available information, the group expects to record net profit for the six months ended June 30, 2017, while a loss was recorded in the same period last year.
Big Health International (Hong Kong Stock 02211) (02211.HK): According to available information, the group expects to record a net loss for the six months ended June 30, 2017, while recording a net profit in the same period last year.
Hantang International Holdings (Hong Kong Stock 01187) (01187.HK): Compared with the loss of approximately HK$15.8 million in the same period in 2016, the Group is expected to record a significant loss of no less than HK$200 million in the six months ended June 30, 2017. The increase in losses was mainly due to the sale of 72.79% of Dexin Electronics' equity, recording a loss of approximately HK$194 million. The company will continue to suspend trading until further notice.
CIDI Consulting (Hong Kong Stock 08235) (08235.HK): The group expects that after-tax profit for the six months ended June 30, 2017 will increase by about 72% compared with the same period in 2016. The expected increase is mainly caused by the following reasons: the market consulting services have changed from a single planning to activities, investment promotion, declaration, and custody, and the launch of the "Caidi Accelerator" service model to explore new businesses; the group accelerates the transformation and upgrading of its business model, promotes the continuous improvement of competitiveness, and its turnover has increased by about 15% compared with the same period in 2016; the group's cost expenditure has increased by about 7% compared with the same period in 2016. This growth shows a healthy trend compared with the growth of the group's turnover, among which the cost growth directly belongs to the business is the main reason for the change.
Maochen Group (Hong Kong Stock 00273) (00273.HK): The group expects that the loss attributable to shareholders of the company will record a significant decrease of more than 50% in the six months ended June 30, 2017 compared with the same period in 2016. The decline was mainly due to the revenue generated from the acquisition of medical consulting, laboratory services and maternal and child retail businesses in China in the last quarter of 2016, and the net fair value loss of financial assets held for sale.
Baowei Holdings (Hong Kong Stock 00024) (00024.HK): The group expects to record profits in the six months ended June 30, 2017, while the losses were recorded in the same period in 2016. The profit was due to the Group's total profits of approximately HK$266 million in the first half of 2017.
Conch Entrepreneurship (Hong Kong Stock 00586) (00586.HK): It is expected that the group's performance in the six months ended June 30, 2017 will record a significant increase, with a net profit of approximately 3.355 billion yuan in the same period last year, which will increase by approximately 90% to 110%.
China Hongtai Development (Hong Kong Stock 06166) (06166.HK): Fa Yingxi, the Group expects that the net profit attributable to the company's equity holders will record an increase of no less than 100% compared with the same period last year, which is mainly due to the increase in the group's park business revenue.
Shanghai Jiyou (Hong Kong Stock 02345) (02345.HK): It is expected that the unaudited comprehensive profit attributable to the company's owners recorded by the group in the six months ended June 30, 2017 will not be less than RMB 155 million, while the net profit was recorded in the same period last year of approximately RMB 112.8 million.
Business Development
Xian Media (Hong Kong Stock 00550) (00550.HK): On July 25, 2017, the company entered into a non-legal binding cooperation framework agreement with Taikong Animation (Wuhan) Co., Ltd. (Taikong Animation). Based on this, the company will cooperate with Taikong Animation to produce animation videos, dramas, games, virtual reality technology, and develop businesses related to different cultures; cooperate on original intellectual property planning and promotion of products, including but not limited to authorized intellectual property licenses, sales and/or authorized copyright licenses, and redevelopment of intellectual property rights.
Zhuozhi Holdings (Hong Kong Stock 00982) (00982.HK): On July 25, 2017, Highly Ventures (indirect wholly-owned subsidiary of the company) entered into a joint venture agreement with Greater Treasure, according to which it will establish a joint venture company with 30% and 70% interests in Highly Ventures and Greater Treasure, respectively, which is mainly engaged in the development of online education content and the provision of relevant consulting services and training; the development of e-learning and educational software and hardware; the design and development of web pages; and other related information services.
China Railway Corporation (Hong Kong Stock 00390) (00390.HK): On July 24, 2017, the company signed the "Strategic Cooperation Framework Agreement" with the Shanxi Provincial People's Government. The signing of this cooperation agreement will not have a significant impact on the company's operating performance in 2017. This agreement is a framework agreement for cooperation and does not need to be submitted to the company's board of directors or shareholders' meeting for deliberation.
Tianjin Chuangye Environmental Protection Co., Ltd. (Hong Kong Stock 01065) (01065.HK): According to the announcement of the pre-transaction results of Bayannur City sewage treatment recycled water and water supply integrated PPP project released by Inner Mongolia Autonomous Region Government Procurement Network, the company will become the pre-transaction social capital party. The announcement stated that the pre-transaction price was approximately RMB 777 million, of which the first-term equity transfer price was RMB 582 million, and the equity transfer price after the increase in capital and expansion of the financial leasing balance was approximately RMB 195 million.
Angang Co., Ltd. (Hong Kong Stock 00347) (00347.HK): On July 25, 2017, the company and its affiliated person Angang Energy Conservation signed a 2017 energy management contract, which is related to the implementation of energy conservation projects through contract energy management. Angang Energy Conservation will build energy-saving facilities in accordance with the 2017 energy management contract for the company to use for the implementation of energy-saving projects, and the ownership of the facility will be transferred to the company free of charge at the end of the 2017 energy management contract.
China Electric Power (Hong Kong Stock 02380) Clean Energy (00735.HK): On July 25, 2017, the company indirectly wholly-owned subsidiary China Electric Power New Energy and China Electric Huachuang signed a framework agreement for technical supervision and service. The agreement provides technical supervision and management services for China Electric Power New Energy's power generation enterprises. The term begins on the date of signing the agreement and ends on December 31, 2019.
Equity Changes
Volkswagen Public Utilities (Hong Kong Stock 01635) (01635.HK): From January 24 to July 24, 2017, the company's controlling shareholder Shanghai Volkswagen Enterprise Management Co., Ltd. increased its holdings of the company by 26.8 million H shares through the Shanghai Stock Exchange Trading System Hong Kong Stock Connect Trading System, accounting for approximately 5.02% of the total number of H shares issued by the company and approximately 0.91% of the total number of issued shares as of January 10, 2017, with an average price of HK$3.695 per share.
Other
Chenming Paper (Hong Kong Stock 01812) (01812.HK): The issuance price of the company's private placement of A shares will be determined from the original, RMB 10.27 per share (the same below) and the higher net assets per share before issuance, after deducting the cash dividend per share of RMB 0.6 per share, it will be adjusted to RMB 9.67 per share and the higher net assets per share before issuance. In addition, on July 24, 2017, the company received a notice from its controlling shareholder Shouguang Chenming Holdings (Chenming Holdings) that on July 21, 2017, 21.9 million shares of the company's A-share pledged shares were lifted, and the unpended pledged shares accounted for 4.22% of its shares.
China Port Bridge (Hong Kong Stock 02323) (02323.HK): Hereby refer to the company's announcement on April 28, 2017 and May 29, 2017, which is related to the acquisition of the second batch of Crown Global Group (Hong Kong Stock 00727) shares from Crown International Group (Seller) in accordance with the agreement, supplementary agreement and supplementary option deed. As disclosed in these announcements, the completion of the acquisition of the first batch of Crown Global Group shares was implemented on May 29, 2017, and the second deadline for the acquisition of the second batch of Crown Global Group shares has been extended to or before July 29, 2017.
Yitai Coal (Hong Kong Stock 03948) (03948.HK): On July 25, 2017, the company signed a "Termination Transfer Agreement" with Yitai Guanglian to terminate the transfer agreement and its transactions, and will take effect from now on.
New Century Medical (Hong Kong Stock 01518) (01518.HK): On July 25, 2017, two directors and 265 employees of the Group were awarded restricted shares, involving a total of 9 million shares of the company's common shares with a par value of US$0.0001 per share.
Urban Construction Design (Hong Kong Stock 01599) (01599.HK): In order to establish a long-term incentive and constraint mechanism between employees and shareholders and ultimately promote the company's long-term development, the board of directors recommends the implementation of the company's core employee stock ownership plan by private placement of domestic shares. According to the core employee stock ownership plan, the source of shares is domestic shares issued privately, with a face value of RMB 1.00 per share. The total number of domestic shares issued by a private placement shall not exceed 6% of the company's current issued share capital, that is, no more than 76 million shares, accounting for approximately 5% of the completed private placement; the number of domestic shares held by a single holder shall not exceed 1 million shares and the minimum amount shall not exceed 0.079% of the current total share capital of the company.
Bishengyuan (00926.HK): The board of directors of has passed a resolution to approve the securitization of the Group's Building D, Linglong Tiandi Center, No. 160, West Fourth Ring North Road, Beijing, China, and initiated a REITs program in China. To this end, Beijing Aotshuer Health Products Development Co., Ltd., a wholly-owned subsidiary of the company, will participate in the fund initiated and established by Beijing Zhonglian Guoxin Investment Fund Management Company and subscribe to all the sub-level shares of the fund.
Beijing Beichen Industrial Co., Ltd. (Hong Kong Stock 00588) (00588.HK): The company will sign a "Real Estate Loan Contract" with Industrial and Commercial Bank of China (Hong Kong Stock 01398) Beijing Asian Games Village Branch. The company applies for a loan of RMB 1.1 billion from the Industrial and Commercial Bank of China Beijing Asian Games Village Branch (the same unit below), with a term of 5 years, and is used for the development and construction of the company's indirect wholly-owned subsidiary Langfang Beichen Company project. In addition, the company's wholly-owned subsidiary Chengdu Beichen Real Estate Co., Ltd. won the use rights of state-owned construction land for the land number SLG-(07/05)-2017-005 in Chengdu City Land Auction No. 13, Announcement No. SLG-(07/05)-2017-005 through bidding and auction.
Taiji International Group (Hong Kong Stock 01136) (01136.HK): Here we refer to the company's announcement on July 24, 2017, which is related to the company and TCC INTERNATIONAL LIMITED recommend privatizing Taiji International Group Co., Ltd. through an agreement plan.
China Railway Corporation (00390.HK): Company issued US$500 million of 2.875% guaranteed notes due in 2022, and has applied to the Stock Exchange for notes to be listed and traded only by issuing debt securities to professional investors.The listing of the notes is expected to take effect on July 26, 2017.
Anhui Anhui Antong Expressway (Hong Kong Stock 00995) (00995.HK): On January 23, 2017, it signed an agreement with the Hefei Changjiang East Road Branch of the Industrial and Commercial Bank of China to use its own funds to purchase guaranteed floating income financial products. On July 24, 2017, the above-mentioned wealth management products had expired, with a principal of RMB 200 million recovered, and a profit of approximately RMB 2.9589 million was obtained. The actual annualized rate of return was 3.0%. The principal and interest of the wealth management products have been recovered.
Tianyu Real Estate (Hong Kong Stock 00059) (00059.HK): Here we refer to the previous content regarding the establishment of a HK$1.5 billion medium-term bond plan. On July 25, 2017, the company had issued 0.1% interest-bearing bonds due in 2034 under the plan. Bonds can only be redeemed after June 16, 2026 and can only be put after July 16, 2019. The interest incurred on unredeemed bonds must be paid annually at the end of the period, with an annual interest rate of 0.1%, first paid on June 16, 2019 and last paid on June 16, 2033. In addition, on July 25, 2017, lender China Huarong (Hong Kong Stock 02799) International Holdings Co., Ltd. had agreed to provide the company with a term loan of HK$500 million, with the financing period being 24 months from the date of use and can be further extended by 12 months.
Panda Green Energy (Hong Kong Stock 00686) (00686.HK): On July 25, 2017, the company's wholly-owned subsidiary United Photovoltaic (Changzhou) Investment Co., Ltd. (Issuer), has completed the private placement of corporate bonds of RMB 200 million to qualified investors in China, with an annual period of 3 years from the date of issuance. The announcement stated that the approval document for the company's bonds to be approved for listing and transfer on Shanghai Stock Exchange has been received. Corporate bonds will be traded on the Shanghai Stock Exchange after issuance. The corporate bonds have been arranged and fully underwritten by the underwriter GF Securities (Hong Kong Stock 01776) Co., Ltd.
China Greenland Boda Green Lake (Hong Kong Stock 01253) (01253.HK): On July 25, 2017, the company received a one-year loan of HK$40.12 million from the Changning District Branch of Shanghai Bank Co., Ltd. (the lender) to provide funds for the company's general working capital.
Long Kong Real Estate (Hong Kong Stock 03380) (03380.HK): The company will hold a board meeting on August 10, 2017 to consider and pass the group's interim results for the six-month ended June 30, 2017, considering the payment of interim dividends (if any) and handling other matters.
Yunsheng International (Hong Kong Stock 01315) (01315.HK): The Board of Directors recommends revising the company's articles of association and adopting the company's amendments and re-stated outlines and rules, with the aim of establishing a co-chair structure for the company and promoting its operations, making several amendments to the organization's articles of association and revising and updating some references to the relevant provisions of the Hong Kong Stock Exchange's securities listing rules and relevant chapters of the Hong Kong Laws, and making some other internal amendments.
Dejin Resources (Hong Kong Stock 01163) (01163.HK): Here we refer to the announcements on February 21, 2017, regarding the third phase of the company's delisting process and the conditions for resuming the trading of the company's shares on May 29 and May 31, 2017 respectively. Under Chapter 2B of the Listing Rules, the Company has the right to submit the decision to the Listing (Review) Committee for review. On July 25, 2017, the company had submitted a review application to the Secretary of the Listing (Review) Committee for the decision. The company will make a separate announcement on the progress of this matter at an appropriate time.
Fosun Pharma (Hong Kong Stock 02196) (02196.HK): Gilead Sciences' 's clinical application for import of redipavisoflubvir tablets has been approved, and phase III clinical trials are currently being conducted in China.
China Everbright Bank (Hong Kong Stock 06818) (06818.HK): The board of directors resolved on July 25, 2017 to agree that the company's second domestic preferred stock dividend is August 9, 2017, the equity registration date is August 10, 2017, the ex-dividend date is August 10, 2017, and the dividend is August 11, 2017, and the interest calculation period is August 11, 2016 to August 10, 2017. The issuance target is the second domestic preferred stock shareholder of the company registered with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. after the closing of the Shanghai Stock Exchange on August 10, 2017.
Beijing Sports Culture (Hong Kong Stock 01803) (01803.HK): After the closing of the market on July 25, 2017, the company entered into a subscription agreement with Beijing Enterprises Medical Health (Hong Kong Stock 02389) Industry Group Co., Ltd. (subscriber) to subscribe to a total of 122 million subscribed shares, equivalent to approximately 10.39% of the existing issued share capital, and the subscription price is HK$1.88 per subscribed share.
US East Automobile (Hong Kong Stock 01268) (01268.HK): On July 25, 2017, 2.5 million warrants were exercised according to the warrant documents of May 9, 2015, accounting for approximately 0.23% of the issued shares, and the issue price per share was RMB 1.883, a discount of 25%.
Bishengyuan (00926.HK): All prerequisites for subscribing the second batch of subscription shares contained in the share subscription agreement have been met, and the subscription of the second batch of subscription shares has been completed on July 25, 2017. In addition, on July 25, 2017, Beijing Aotshuer, Tsingcha, Mr. Zhao and Ms. Gao signed a termination agreement to terminate the structural contract and related confirmations and commitments. On the same day, Beijing Aotshuer and Mr. Zhao signed an equity transfer agreement. According to this, Mr. Zhao agreed to transfer 100% of the tea-tasting equity to Beijing Aotshuer, and Beijing Aotshuer did not need to pay a price.
Hong Kong Bank Holdings (Hong Kong Stock 08162) (08162.HK): On July 25, 2017, it issued 15 million common shares based on the conversion rights of the convertible bonds issued on July 15, 2016, accounting for 3.37% of the issued shares, with an issue price of HK$0.46 per share, an 8% discount from the previous trading day. Accordingly, the company balanced 460 million shares at the end of July 25, 2017.
Tianxiatu Holdings (Hong Kong Stock 00402) (00402.HK): The company has been revoked from the Cayman Islands and has officially survived in Bermuda as an exempted company in accordance with the Bermuda Act. The relocation has come into effect on July 24, 2017 (Bermuda Time) / July 25, 2017 (Hong Kong Time).
Yuxing Technology (Hong Kong Stock 08005) (08005.HK): On July 25, 2017, the company's wholly-owned subsidiary Heyu Investment Co., Ltd. made an investment of HK$200 million in the fund by subscribing to the limited partnership interests of the fund iSun GlobalRestructuring-led Partnership Fund I LP.
Huaxia Energy Holdings (Hong Kong Stock 08009) (08009.HK): The company spent HK$160 million to acquire all the shares of Zhejiang Green Yuan An Yixun Natural Gas and entered into a purchase and sale agreement, and the company sold the subscription option shares to Runyuan at an option price of HK$40 million and entered into a subscription option deed.
Beijing Control Medical Health (02389.HK): On July 25, 2017, the company plans to subscribe to 122 million shares of Beijing Sports (01803.HK), accounting for approximately 9.41% of Beijing Sports’ expanded share capital; the subscription price is HK$1.88 per share, which is about 21.01% discount from Beijing Sports’ closing price of HK$2.38 on the 25th; the total consideration is approximately HK$229 million, and it is allocated based on internal resources.
KSL HOLDINGS (08170.HK) : On July 25, 2017, Upscale Century (whomally owned subsidiary of the company) entered into three separate acquisition agreements with Yi Feng Property. Accordingly, Upscale Century agreed to acquire all of the issued share capitals of Dragon Trillion, Affluent Ally and Smart Pathway, with considerations of HK$7.5 million, HK$6 million and HK$5.5 million respectively.
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