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HKG:0586

3 stories mentioning HKG:0586Updated 20d ago

Every FINWIRES story that references HKG:0586, newest first.

Asia

Conch Venture's Largest Shareholder Raises Stake to Nearly 21%

China Conch Venture's (HKG:0586) largest shareholder, Anhui Conch, increased its stake in the company through market purchases to nearly 21%, according to a Tuesday Hong Kong bourse filing.The company said Anhui Conch plans to reconstitute the board as appropriate and will consolidate Conch Venture's financial results into its own financial statements.Conch Venture also reaffirmed its commitment to maintaining the company's independent operations, a stable dividend policy and supporting its long-term growth through closer industrial and operational synergies.The company's shares rose 3% in recent trade.

HKG:0586
Asia

China Conch Venture Sells 1.54 Billion Yuan Bonds

China Conch Venture (HKG:0586) issued two tranches of green bonds worth a total of 1.54 billion yuan in China, according to a Monday Hong Kong bourse filing.The bonds carry a coupon rate of 1.75% without guarantee and will fall due in five years.The environmental protection company will use proceeds to repay certain previously issued bonds about to reach maturity.

HKG:0586
Asia

China Conch Venture's Profit Rises 11% in 2025

China Conch Venture (HKG:0586) posted a profit attributable to equity shareholders of 2.25 billion yuan for 2025, up 11% from 2.02 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the environmental protection company were down nearly 2% in Wednesday morning trade.Earnings per share came in at 1.32 yuan, compared with 1.17 yuan in the prior year.Revenue rose 4% to 6.55 billion yuan from 6.27 billion yuan in 2024.The board proposed a final dividend of HK$0.30 per share, bringing the total dividend for the year to HK$0.40 per share.

HKG:0586

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