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Design Capital Announces Key Management Changes
Design capital (01545.HK) appointed Yu Kangyi as the company secretary and authorized representative.
Grants Way announced on September 27th that Chung Hei Man has resigned as (i) the company's company secretary; and (ii) as the authorized representative ("authorized representative") as stipulated in Rule 3.05 of the Securities Listing Rules of the Hong Kong Stock Exchange, effective from September 27, 2024, to pursue other opportunities. It was also announced on the same day that Yu Hongyi has been appointed as the company secretary and authorized representative, effective from September 27, 2024.
Some May Be Optimistic About Design Capital's (HKG:1545) Earnings
DESIGN CAPITAL: INTERIM REPORT 2024
Design capital (01545): The liquidation order will no longer be effective as of September 6th.
Design Capital (01545) announced the liquidation application for Grand Union Enterprises Private Limited (Grand Union). According to...
Design capital (01545.HK) reported a mid-year profit of approximately 31.5 million Singapore dollars, a year-on-year decrease of approximately 32.1%.
On August 29, Geelong (01545.HK) announced that for the six months ended June 30, 2024, the group's income was approximately 315 million Singapore dollars, a decrease of approximately 14.9 million Singapore dollars or 32.1% from the approximately 46.3 million Singapore dollars for the six months ended June 30, 2023. This decrease was mainly due to high interest rates, reduced disposable income, and reduced spending on non-essential items such as furniture, resulting in a decrease in demand for furniture in the company's usa market division, ultimately leading to a decrease in revenue. Despite the decrease in revenue, the company was still able to prudently manage costs to maximize earning slight profits.
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