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CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — Earnings Release 2016
Apr 21, 2016
49495_rns_2016-04-21_8b772c8b-da09-4993-b05e-b5e291aa17c7.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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OPERATING RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2016
ANNOUNCEMENT PURSUANT TO RULE 13.09(2) OF THE LISTING RULES AND THE INSIDE INFORMATION PROVISIONS
This announcement is made by Far East Global Group Limited (the “Company”) pursuant to Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)) under Part XIVA of the Securities and Futures Ordinance (Cap. 571) (the “SFO”) and Rule 13.09(2) of the Listing Rules.
The Company is an indirect subsidiary of China State Construction International Holdings Limited (“CSCIHL”, whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited). As at the date of this announcement, CSCIHL beneficially owns approximately 74.06% of the issued share capital of the Company.
CSCIHL will, on or about 22 April 2016, announce its unaudited first quarter results of 2016 pursuant to the disclosure obligation under Rule 13.09(2) of the Listing Rules and Inside Information Provisions under Part XIVA of the SFO. Such results will contain the financial information of the Company and its subsidiaries (collectively, the “Group”) which is consolidated in the accounts of CSCIHL.
To ensure that shareholders of the Company and potential investors have equal and timely access to the information pertaining to the Company, the Board of Directors of the Company is pleased to present the following operating results of the Group for the three months ended 31 March 2016.
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For the three months ended 31 March 2016, the unaudited revenue of the Group was about HK$407,548,000 (31 March 2015: HK$304,990,000). The operating profit was about HK$19,750,000 (31 March 2015: HK$15,118,000).
Shareholders of the Company and potential investors should note that all financial information contained in this announcement is unaudited. Accordingly, such information shall in no way be regarded as to provide any indication of or assurance on the financial results of the Group for the three months ended 31 March 2016.
Shareholders of the Company and potential investors are urged to exercise caution in dealing in the securities of the Company and are recommended to consult their own professional advisers if they are in doubt as to their investment positions.
By Order of the Board Far East Global Group Limited Zhou Yong
Chairman and Non-executive Director
Hong Kong, 21 April 2016
As at the date of this announcement, the Board comprises Mr. Zhou Yong as Chairman and Non-executive Director; Mr. Zhu Yijian (Vice Chairman and Chief Executive Officer), Mr. Luo Haichuan, Mr. Wang Hai, Mr. Chan Sim Wang and Mr. Qin Jidong as Executive Directors; and Mr. Zhou Jinsong, Mr. Hong Winn and Ms. Kwong Sum Yee Anna as Independent Non-executive Directors.
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