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3SBio Inc. — Earnings Release 2014
Nov 20, 2013
49981_rns_2013-11-20_bbc33cb7-7f88-48df-aaa2-b69ef998dae4.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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HONGKONG CHINESE LIMITED 香 港 華 人 有 限 公 司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 655)
POSITIVE PROFIT ALERT
This announcement is made by Hongkong Chinese Limited (the “Company”, together with its subsidiaries, the “Group”) pursuant to rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors of the Company (the “Board”) wishes to inform the shareholders of the Company and potential investors that based on information currently available to the Company, the Board estimates that the Group is likely to record a profit for the six months ended 30[th] September, 2013 (the “Current Period”), as compared to a loss recorded for the six months ended 30[th] June, 2012 (the “Last Period”). The profit for the Current Period was mainly attributable to the recognition of part of the profit arising from the pre-sold properties of the Group’s property development project in Beijing, the People’s Republic of China which had been completed in the third quarter of 2013. It is expected that part of profit arising from the pre-sold properties will be recognized in the second half of the financial year ending 31[st] March, 2014. In addition, it is expected that the Group shall record a better result from its joint ventures for the Current Period as compared to the Last Period as a result of the write back of certain deferred tax liabilities by a joint venture following a change of tax base of its underlying property during the Current Period.
The Board also wishes to inform the shareholders of the Company and potential investors that a property development project in Singapore held by the Group’s joint venture has been completed in the fourth quarter of 2013 and based on information currently available to the Company, the Board estimates that a share of profit from the pre-sold properties of this
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project will be recognised in the Group’s consolidated financial results in the second half of the financial year ending 31[st] March, 2014.
The information contained in this announcement is only a preliminary assessment by the Board based on information currently available to the Company and is not based on any figures or information that has been audited or reviewed by the Company’s auditors. The Company expects to announce its consolidated interim results for the six months ended 30[th] September, 2013 on or about 27[th] November, 2013.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company .
The principal activity of the Company is investment holding. The principal activities of the subsidiaries, associates and joint ventures of the Company are investment holding, property investment, property development, hotel operation, project management, fund management, underwriting, corporate finance, securities broking, securities investment, treasury investment, money lending, banking and other related financial services.
By Order of the Board HONGKONG CHINESE LIMITED Andrew Hau Secretary
Hong Kong, 20[th] November, 2013
As at the date of this announcement, the executive Directors of the Company are Messrs. Stephen Riady (Chairman), John Lee Luen Wai (Chief Executive Officer) and Kor Kee Yee; the non-executive Director of the Company is Mr. Leon Chan Nim Leung; and the independent non-executive Directors of the Company are Messrs. Albert Saychuan Cheok, Victor Yung Ha Kuk and Tsui King Fai.
- For identification purpose only
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