HKG:1323

2 stories mentioning HKG:1323Updated just now

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Huasheng International Warns of Wider Loss; Shares Slip 3%

Huasheng International (HKG:1323) expects its net loss attributable to shareholders to widen by at least 45% in fiscal 2026 from about HK$92.4 million in fiscal 2025, according to a Monday Hong Kong bourse filing.The company attributed the weaker performance to a downturn in Hainan's residential property market and slower commercial construction activity, which reduced demand for ready-mixed concrete products and intensified price competition.Shares of the concrete company were down nearly 3% in Tuesday morning trade.

HKG:1323

Asia10d ago

Huasheng International Eyes HK$18.5 Million from Share Placement; Shares Surge 19%

Huasheng International (HKG:1323) agreed to place up to 151.1 million shares to raise net proceeds of HK$18.5 million, according to a Thursday Hong Kong bourse filing.Shares of the concrete company were up nearly 19% in Friday afternoon trading.The shares, representing 16.67% of the company's enlarged issued share capital, will be placed to at least six investors at HK$0.127 apiece.The company will use proceeds for a capital contribution to a JV to be formed by unit Hainan Huasheng Concrete and Sanya Yucai Ecological Investment Development for a ready-mixed commercial concrete mixing plant project once a cooperation contract is signed.

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