00659 NWS HOLDINGS
- 7.230
- +0.070+0.98%
NWS HOLDINGS News
NWS Holdings Expects Up to 33% Higher Profit in H1; Shares Climb 4%
NWS Holdings (00659) is expected to see a net profit increase of at least 33% in the 2024 fiscal year.
NWS Holdings (00659) announced that based on the preliminary assessment of unaudited comprehensive management accounts and existing information for the fiscal year ending June 30, 2024, shareholders are expected to have a profit share of approximately HK$2 billion to HK$2.2 billion, an increase of not less than 33% year-on-year. The group stated that the main reasons for the overall increase in operating profit attributable are as follows: (a) it is expected that the group's insurance business will achieve significant growth in operating profit attributable for the 2024 fiscal year. The attractive product portfolio and the release of suppressed demand from mainland tourists after clearance are beneficial to Chow Tai Fook Life Insurance Limited (formerly known as FTLife Insurance Company Limited).
NWS Holdings: Net Rose Mainly Due to Higher Contributions From Insurance Business >0659.HK
NWS Holdings Sees FY24 Net CNY2.0B-Net CNY2.2B >0659.HK
NWS Holdings (00659.HK) announced that it expects shareholders' attributable net profit to increase by not less than 33% year-on-year for the 2024 fiscal year.
NWS Holdings (00659.HK) announced on August 5 that the shareholders' share of surplus in the 2024 fiscal year is expected to be approximately HKD 2 to HKD 2.2 billion, an increase of not less than 33% compared to the reclassified shareholders' share of surplus as of June 30, 2023 ("2023 fiscal year reclassified surplus"). This is due to the adoption of Hong Kong Financial Reporting Standard 17 "Insurance Contracts" ("HKFRS 17"), which has resulted in the reclassified surplus for the 2023 fiscal year being increased from the originally reported shareholders' share of surplus of HKD 2 billion in the company's 2023 annual report.
Express News | NWS Holdings - Expected Result Due to Steady Growth of Group's Roads and Logistics Segments, Among Others
Express News | NWS Holdings Ltd - Restated Profit for FY2023 Would Be an Amount Between HK$1.4 Bln to HK$1.5 Bln
Express News | NWS Holdings Sees Profit Attributable to Shareholders for FY2024 HK$2.0 Bln to HK$2.2 Bln
NWS HOLDINGS: INSIDE INFORMATION ANNOUNCEMENT - PROFIT ALERT
Express News | Ctf Life’s Prime Treasure Savings Insurance Plan Enables Customers to Enjoy Steady Wealth Growth and Flexible Succession Planning
Express News | New Brand, Diverse Experience, Value Beyond Insurance Ftlife Officially Renamed Ctf Life With the Launch of 'ctf Life • Circle'
NWS Holdings Subsidiary Buys Electrical, Mechanical Engineering Contractor
nws holdings plans to acquire Xinchang Asiada Building Equipment Co., Ltd.
NWS Holdings (00659) announced on July 22, 2024, that its indirect wholly-owned subsidiary, Power Might Enterprises Limited, intends to acquire all of the issued share capital of Sin Chong Asia Sida Building Equipment Limited from Efficient League Limited and Golden Celosia Limited, and to purchase and assume the unsold loans from Golden Celosia Limited, at a preliminary consideration of HKD 508.6 million. The target company provides comprehensive services.
NWS Holdings Announces Strategic Acquisition
Nws holdings (00659.HK) plans to acquire all the share capital of xinchang yashi da building equipment.
On July 22, Guolian News reported that NWS Holdings (00659.HK) announced that on July 22, 2024, the buyer, Power Might Enterprises Limited (an indirect wholly-owned subsidiary of the Company), the seller (Efficient League Limited, Golden Celosia Limited) and the seller's guarantor entered into a sale and purchase agreement. Accordingly, (a) the seller conditionally agreed to sell and the buyer conditionally agreed to purchase the sale shares at the consideration of the sale shares (equivalent to the target company New Chang's Ashi).
Express News | NWS Holdings - Transaction Consideration HK$508.6 Mln Being Initial Consideration Payable for Sale Shares Upon Completion
Express News | NWS Holdings Ltd - Acquisition of Hsin Chong Aster Building Services
NWS Plans to Issue 5 Billion Yuan Panda Bonds
NWS Holdings has applied for registration and proposed to issue corporate bonds not exceeding RMB 5 billion.
NWS Holdings (00659) announced that it has applied to the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE) in the People's Republic of China to register for the issuance of corporate bonds (Panda bonds) (proposed issuance) with a total amount not exceeding RMB 5 billion and will be issued by the company in multiple batches at an appropriate time.
NWS Holdings (00659.HK) has applied to register panda bonds of no more than 5 billion yuan.
NWS Holdings (00659.HK) announced on June 17 that it has applied to the China Securities Regulatory Commission and the Shanghai Stock Exchange to register for corporate bonds (Panda bonds) with a total amount not exceeding RMB 5 billion, which will be issued by the company in multiple batches at an appropriate time. The proposed issuance will take place within two years from the date of receiving the registration notice from the China Securities Regulatory Commission. The funds raised from the issuance of Panda bonds will be used to repay the group's interest-bearing bank loans, redeem perpetual capital securities, and supplement working capital.
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