kin don defies market in debut
Article Abstract:
Men's apparel-maker and distributor Kin Don Holdings' share price rose 7% from its original offer in the first day at HK$1 for 125 mn shares with turnover at about HK$16.7 mn. The company said the listing can improve its image, transparency and creditability. It plans to expand its franchise network by talking with over 20 current and new apparel franchisees. It hopes to extend its production to casual wear and launch direct sales to companies such as banks, securities companies. *
Comment:
Share price rises 7% from original offer in first day at HK$1 for 125 mil shares with turnover at about HK$16.7 mil
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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Sharp jump in Hibor as concern over liquidity mounts
Article Abstract:
Hong Kong Interbank Offered Rates (Hibor) increased sharply on 10 June 1998 due to a drop in value of yen to 141 yen against U.S dollar. Besides, the Hong Kong Monetary Authority's selling of US$170 mn in the interbank market led to a retreat in liquidity amounting to HK$1.3 bn on 10 June. This caused a rise in the interbank rates. Hibor 10 June 9 June One-month 9.38839% 8.83482% Three-month 9.57143% 9.05804% *
Comment:
Hong K: Hong Kong Interbank Offered Rates increase sharply on 6/10/98 due to drop in value of yen to 141 yen against US dollar
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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debt-free recor back on track
Article Abstract:
Recor Holdings, an audio-video and television designer and manufacturer has paid off its debts with HK$20 mn proceed from a land sale in China's Dongguan. The company has taken measures to cut costs such as reducing factory area from 800,000 sq ft to 200,000 sq ft and closing retail shops in Hong Kong. The company's net loss was HK$36.91 mn for the year ended 31 March 1998, a 17.8% less in the same period 1997. *
Comment:
Pays off its debts with HK$20 mil proceed from a land sale in China's Dongguan
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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