dah sing financial holdings (DAHSF) Key Developments
Dah Sing Financial Holdings Limited Reports Un-Audited Consolidated Cash Flow Results for the Six Months Ended June 30, 2013
Sep 23 13
Dah Sing Financial Holdings Limited reported un-audited consolidated cash flow results for the six months ended June 30, 2013. For the period, the company reported net cash used in operating activities of HKD 8,008,645,000 compared to HKD 1,305,939,000 and purchase of investment properties and other fixed assets of HKD 51,892,000 compared to HKD 76,843,000 for the last year.
China Life Said To Be Interested In Wing Hang
Sep 17 13
China Life Insurance Co. Ltd. (SEHK:2628) is said to be eyeing Wing Hang Bank Limited (SEHK:302). Share price of Wing Hang shot up nearly 40% on September 17, 2013 after Wing Hang Bank said that its top shareholders had been approached by potential buyers, thereby leading to speculation that Dah Sing Financial Holdings Limited (SEHK:440) might be the next. Rumors have been circling around that China Life Insurance is keen to acquire Wing Hang. On September 17, 2013, Chong Hing Bank said that it remained in talks with parties including Yue Xiu Enterprises (Holdings) Limited. According to local media reports, one suitor had raised the offer price to 2.4 times book value from two times. Wing Hang’s shares closed at HKD 116.8 and Dah Sing’s shares closed at HFD 13.32.
Dah Sing Financial Holdings Limited Declares Interim Dividend, Payable on or After September 26, 2013; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2013
Aug 14 13
Dah Sing Financial Holdings Limited announced that its Directors have declared an interim dividend of HKD 0.31 per share for the six months ended June 30, 2013 payable on or after September 26, 2013 to shareholders whose names are on the Register of Shareholders at the close of business on September 23, 2013.
The company announced unaudited consolidated earnings results for the six months ended June 30, 2013. For the period, the company reported net interest income of HKD 1,499,369,000 against HKD 1,159,132,000 a year ago. Operating income was HKD 2,175,458,000 against HKD 2,749,776,000 a year ago. Profit before taxation was HKD 1,011,350,000 against HKD 862,661,000 a year ago. Profit for the period attributable to the shareholders of the company was HKD 680,202,000 or HKD 2.29 per diluted share against HKD 622,369,000 or HKD 2.13 per diluted share a year ago. Net debt was HKD 85,012 against HKD 77,123 a year ago.
Dah Sing Financial Holdings Limited Appoints Muneo Kurauchi as Alternate Director to Takashi Morimura
Aug 14 13
The Board of Dah Sing Financial Holdings Limited announced that Mr. Muneo Kurauchi has been appointed as an Alternate Director to Mr. Takashi Morimura with effect from August 14, 2013. Mr. Kurauchi is currently the Senior Managing Executive Officer, Deputy Chief Executive, Chief Executive Officer for East Asia of the Global Business Unit of The Bank of Tokyo-Mitsubishi UFJ Ltd.
Dah Sing Financial Holdings Limited to Report Q2, 2013 Results on Aug 14, 2013
Aug 2 13
Dah Sing Financial Holdings Limited announced that they will report Q2, 2013 results on Aug 14, 2013