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SiS International Posts Higher H1 Profit
SIS INT'L: Interim Report 2024
SIS International Holdings' Subsidiary to Acquire 100% Stake in OneT Solutions
SIS INT'L (00529.HK) plans to acquire 100% equity of OneT Solutions Pte. Ltd for 4.165 million Singapore dollars.
Grainy Xinhui September 23rd, SIS INT'L (00529.HK) announced that on September 22, 2024, the buyer (SiS Distribution Limited, a wholly-owned subsidiary of the company) and the seller had entered into a sales and purchase agreement. The buyer has conditionally agreed to acquire and the seller has conditionally agreed to sell the shares for sale, i.e. 100% of the issued shares of the target entity OneT Solutions Pte. Ltd., at a price of 4.165 million Singapore dollars (equivalent to approximately 24.99 million Hong Kong dollars). Within 7 days after completion, the target entity must
Express News | SiS International Holdings Ltd - Acquisition of Equity Interest of Target Entity
SIS INT'L (00529.HK) achieved a revenue of 3.906 billion Hong Kong dollars in the first half of the year, with a year-on-year increase in net profit of 63.74%.
Great Wall 29th August丨SIS INT'L(00529.HK) announced its interim performance, with a revenue of 3.906 billion Hong Kong dollars in the first half of 2024, a decrease of 10.65% year-on-year; the shareholder's profit for the period was 33.371 million Hong Kong dollars, an increase of 63.74% year-on-year; the basic earnings per share was 12.01 Hong Kong cents. The decline in revenue reflects the challenges of the current market environment. The significant growth in net profit can be attributed to the rebound of the hotel business and the improvement in the investment environment. The directors are actively exploring new investment opportunities and focusing on expanding the distribution business and optimizing the real estate investment portfolio. With a stable
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