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Midland IC&I Sees Lower Net Profit in H1
08:37 PM EDT, 06/30/2022 (MT Newswires) -- Midland IC&I (HKG:0459) is expected to record a "substantial decline" in the financial results for the six months ending June 30 as against the consolida
Wachovia (00459.HK) expects a slight loss or break-even in the first half of the year.
According to the preliminary review of the group's unaudited integrated management accounts for the five months ended May 31, 2022, the consolidated net profit attributable to equity holders is less than HK $5 million, and according to the information available to the group, the group's financial results for the six months ended June 30, 2022 are expected. Compared with the consolidated net profit attributable to equity holders of approximately HK $33 million for the six months ended 30 June 2021, there will be a significant retrogression and it is expected that a slight loss or break-even may be recorded in the first half of 2022. Expectation
Wachovia Industrial and Commercial Store (00459) issued a profit warning, and it is expected that the consolidated net profit attributable to equity holders in the medium term will decrease significantly compared with the same period last year.
Zhitong Financial APP News, Wachovia Industrial and Commercial Store (00459) announced that it is expected that the group's financial results for the six months ended June 30, 2022, compared with the consolidated net profit attributable to equity holders for the six months ended June 30, 2021, will achieve a significant retrogression, and it is expected that a slight loss or break-even may be achieved in the first half of 2022. The expected significant decline in financial performance is mainly due to, among other factors, the adverse market conditions caused by the fifth wave of novel coronavirus outbreak in Hong Kong since January 2022, resulting in the transaction volume and success of non-residential properties in Hong Kong.
Wachovia Industrial and Commercial Store: profit warning
Wachovia Industrial Store (00459.HK) granted a loan of HK $22 million
According to the announcement of American Union Industrial and Commercial Store (00459.HK), on May 27, 2022, Junlian Credit, an indirect wholly-owned subsidiary of the company, entered into a mortgage loan agreement with the borrower Yang Jing, the mortgagor and the guarantor, under which Cyber Credit agreed to grant the borrower a loan with a principal amount of HK $22 million, bearing interest at the effective annual interest rate of 9%, with a repayment period of 12 months.
Wachovia (00459) subsidiary granted a loan of HK $22 million
Zhitong Financial APP News, Wachovia Industrial and Commercial Store (00459) issued a notice that on May 27th, 2022, the subsidiary Jun Lian Credit entered into a mortgage loan agreement with the borrower, mortgagor and guarantor. Jun Lian Credit agreed to grant the borrower a loan with a principal amount of HK $22 million, bearing interest at an effective annual interest rate of 9%, with a repayment period of 12 months.
Wachovia Business Store: annual report 2021
Wachovia Industrial and Commercial Store (00459) plans to acquire properties in Hong Kong for $21.5 million.
Zhitong Financial APP News, Wachovia Industrial and Commercial Store (00459) announced that on April 13, 2022, the property buyer Gao Rong Development Limited (a wholly-owned subsidiary of the company), the property seller CityGold Limited and the agent entered into a property acquisition agreement. The property buyer agreed to acquire the property at a purchase consideration of HK $21.5 million. The property is located at Shop A1B, ground floor, Tai Fu Building, 6-20 Tai Tsun Street, 129-137 Tai Kok Tsui Road, Datong, Kowloon, Hong Kong. the seller's main business is property holding. The acquisition is in line with the Group's strategy and represents the expansion of the Group's existing property investment business. The property is expected to be inherited.
Wachovia Industrial Store (00459.HK) plans to acquire Hong Kong properties for HK $21.5 million
00459.HK announced that on April 13, 2022, the property buyer (wholly owned subsidiary of the company), the property seller and the agent entered into a property acquisition agreement under which the property buyer agreed to acquire and the property seller agreed to sell the property at a consideration of HK $21.5 million. The property includes Shop A1B, G / F, Tai Fu Building, 6-20 Tai Tsun Street, 129-137 Tai Kok Tsui Road, San Tong, Kowloon, Hong Kong, with a gross area of about 570 square feet. The property is currently leased to an independent third party under a lease agreement from September 1, 2019 to 2022
Wachovia Industrial Store (00459.HK) completes acquisition of Queen's Road property in Hong Kong
Gelong Hui (00459.HK) announced on April 12 that it intends to acquire properties on Queen's Road in Hong Kong for HK $48.8 million. The acquisition was completed on April 12, 2022. Upon completion of the acquisition, the target company becomes a wholly owned subsidiary of the company. The financial performance of the target company will be consolidated into the group's financial statements. The main assets of the target company are all interests in the property located on the ground floor of 224 Queen's Road West, Hong Kong and the mezzanine floor of 224 Queen's Road West, Hong Kong, with a total gross floor area of approximately 2300 square feet. The property is currently used by the seller as a restaurant and will be delivered to the vacant property upon completion of the transaction.
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