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HKG:0101

4 stories mentioning HKG:0101Updated just now

Every FINWIRES story that references HKG:0101, newest first.

Asia

Hang Lung Group Names CEO Designate

Hang Lung Group (HKG:0010) and Hang Lung Properties (HKG:0101) said Tsoi Tak Lun, Leo will join the group as an executive director and chief executive officer designate on Sept. 7.He will succeed Lo Wai Pak, Weber as CEO effective Oct. 1, according to a Friday Hong Kong exchange filing.Tsoi has been CEO and an executive director of Toys "R" Us (Asia) since April 2023.

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Asia

Hang Lung Properties' H1 Profit Falls

Hang Lung Properties (HKG:0101) attributable profit for the six months ended June 30 fell to HK$758 million from HK$912 million a year earlier.The property leasing company's earnings per share slipped to HK$0.15 from HK$0.19 a year ago.Revenue during the first six months of the year increased to HK$6.11 billion from HK$4.97 billion in the year-ago period.The company also declared an interim dividend of HK$0.12 per share, payable Sept. 25 to shareholders of record on Aug. 14.

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Asia

Hang Lung CEO to Retire, Successor Not Named

Hang Lung Group (HKG:0010) and Hang Lung Properties (HKG:0101) said Chief Executive Officer Weber Lo Wai Pak will retire as CEO and executive director, effective Oct. 1, according to a joint statement on Friday.Lo will become an adviser to the chair for one year following his retirement.The companies have appointed a successor, who will join the group as CEO-designate and an executive director on Sept. 7 before assuming the role of CEO on Oct. 1. Details of the successor were not disclosed.Hang Lung Properties fell nearly 4% while Hang Lung Group was down over 1% in recent trade.

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Research

UBS Downgrades Hang Lung Properties to Neutral from Buy; Price Target is HK$9.60

HKG:0101

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