4 stories mentioning HKG:1813Updated 38d ago
Every FINWIRES story that references HKG:1813, newest first.
KWG Group's (HKG:1813) hearing of a winding-up petition was further adjourned to Dec. 14 by the Hong Kong High Court, according to a Monday Hong Kong bourse filing.The property developer is facing a petition in relation to the repayment of 642 million yuan in debt plus 136.2 million yuan in interest to Shandong Sunlight Xin Tiandi Micro-finance.
KWG Group (HKG:1813) recorded a pre-sales value of 441 million yuan in May, down 40% from a year prior, according to a Thursday Hong Kong bourse filing.The property firm's pre-sales area for the month fell 43% to approximately 17,800 square meters.
KWG Group (HKG:1813) will sell its 33.34% indirect interest in Guangzhou Fujing Real Estate Development to a unit of Sun Hung Kai Properties (HKG:0016), according to a Wednesday filing with the Hong Kong bourse.Guangzhou Fujing Real Estate holds and operates the large-scale International Grand City mall in Guangzhou.Fujing Real Estate posted after-tax losses of 1.13 billion yuan and 1.53 billion yuan in 2024 and 2025, respectively.KWG Group said it was exiting the investment for 160 million yuan due to Fujing Real Estate's current financial conditions and outstanding tax issues.The firm expects to record a gain of 146.5 million yuan on the sale and overall proceeds will be used for general corporate purposes and its own debt restructuring.KWG's shares fell nearly 7%, while Sun Hung Kai slipped almost 2% in recent trade.
KWG Group's (HKG:1813) pre-sales value slipped 16% year over year in April to 428 million yuan, according to a Friday Hong Kong bourse filing.The property firm's pre-sales area stood at roughly 17,900 square meters, down 33% from a year prior.
