CSC DEVELOPMENT (00830) renews a related transaction agreement worth 7 billion Hong Kong dollars.

Jinwu Financial News | CSC DEVELOPMENT Group has entered into a new subcontract agreement with CHINA STATE CON (03311), effective from July 1, 2025, to June 30, 2028, for a period of three years. According to the agreement, CHINA STATE CON will appoint CSC DEVELOPMENT Group as its subcontractor or service provider to provide construction engineering, project consulting, and management services, with an annual transaction limit of 7 billion HKD. As CHINA STATE CON indirectly holds 70.78% of the shares of CSC DEVELOPMENT, this constitutes a continuing connected transaction, requiring approval from independent Shareholders. The announcement indicates that the pricing under the new agreement will follow general principles.

Jingu Financial NewsMar 21 04:59 ET

Hong Kong stock fluctuation | CHINA STATE CON (03311) fell over 6% after the earnings report, with an annual net profit growth of 2.1%. The company completed a rights issue, netting 3 billion Hong Kong dollars.

CHINA STATE CON (03311) dropped over 6% after its performance report, as of the time of writing, down 6.75%, reported at 11.88 Hong Kong dollars, with a transaction amount of 51.1425 million Hong Kong dollars.

Zhitong FinanceMar 21 01:43 ET

CHINA STATE CON (03311) will distribute a final dividend of HKD 0.285 per share on July 11.

CHINA STATE CON (03311) announced that the company will distribute the final dividend of... per share on July 11, 2025.

Zhitong FinanceMar 21 00:43 ET

CHINA STATE CON (03311.HK) has exceeded 115.1 billion Hong Kong dollars in revenue for the fiscal year 2024, with the gross margin rising to 15.5%, and operational cash flow showing significant improvement.

Gelonghui, on March 21st, reported that CHINA STATE CON (03311.HK) announced its annual performance for the year ending December 31, 2024, with a revenue of 115.107 billion HKD, a year-on-year growth of 1.2%; the gross margin is 15.5%, up 1.1 percentage points year-on-year; the profit attributable to the company's Shareholders is 9.361 billion yuan, an increase of 2.1% year-on-year; the basic earnings per share is 1.86 HKD, with a proposed final dividend of 28.5 HKD cents per share. Hong Kong, Macau, and mainland China remain the core business and major contribution projects for the group during the year, accounting for 35.7%, 7.6%, and 52% of the group's revenue respectively.

Gelonghui FinanceMar 21 00:15 ET

Express News | China State Construction International Holdings FY Net Income Attributable HKD 9,361 Million

ReutersMar 21 00:01 ET

Express News | China State Construction International Holdings FY Revenue HKD 115,107 Million Vs. IBES Estimate HKD 128,425 Million

ReutersMar 21 00:01 ET