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Emperor Int'l (00163) fell 37.50%, now trading at 0.250 yuan, hitting a 52-week low.
As of 11:45, Emperor Int'l (00163) fell 37.50% from the previous closing price, now reported at HKD 0.250, hitting a 52-week low; the volume was 1.7398 million shares, with a turnover of HKD 0.4387 million.
Property mortgage applications in Hong Kong decreased by 50% month-on-month in August, reaching a 4-month low.
Cao Deming said that the cooling effect did not continue, and the pace of developers' new launches has slowed in recent months, leading to a decline in both primary and secondary market transactions. In addition, the lack of large new property launches has contributed to the monthly decline in the number of existing building and presale cases in August.
Emperor Int'l (00163.HK): Guan Qianluan appointed as independent non-executive director.
Emperor Int'l (00163.HK) announced on August 20th that Mr. Chan Hon Poy, who served the board of directors for nine years, has no intention to be re-elected. He has retired as an independent non-executive director after the shareholders' annual meeting. After retirement, Mr. Chan is automatically terminated as the chairman of the remuneration committee under the board, and as a member of the audit committee and the corporate governance committee. Ms. Kuan Chin Luen has been appointed as an independent non-executive director, effective immediately after the shareholders' annual meeting to fill the vacancy arising from Mr. Chan's resignation. Meanwhile, Ms. Kuan has been appointed to take over from Mr. Chan as a member of the remuneration committee, the audit committee, and the corporate governance committee.
EMPEROR INT'L: Rights of the Overseas Shareholders in relation to Special Interim Dividend by way of Distribution in Specie of Share
Ricacorp Properties: There were 2,558 transactions for second-hand private residential properties in Hong Kong last month, with a stable market. The market is expected to remain under pressure and shrink in the future.
Chen Haichao, head of Lijiagge Real Estate Research Department, said that the cooling effect of the Hong Kong property market has been offset by the high interest rate environment, and the second-hand market is still unlikely to improve temporarily due to the new low-priced properties competing for customers. The market is expected to remain under pressure and stagnant.
EMPEROR INT'L: Voluntary Announcement in relation to the Distribution and the Rights Issue
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