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daido group ltd (544) Details

Daido Group Limited, an investment holding company, provides cold storage and related services in the People’s Republic of China. The company operates in two segments, Cold Storage and Related Services, and Karaoke Outlets and Related Services. Its services primarily include warehousing and storage, transportation and distribution, container hauling and devanning, packaging, and other valued-added services. The company also produces industrial ice bars for construction use; operates karaoke outlets and provides related services; offers corporation consultancy services; and sub-leases investment properties, as well as engages in hotel operations. The company is headquartered in Central, Hong Kong.

274 Employees
Last Reported Date: 04/16/14

daido group ltd (544) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $988.0K
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: $1.1M
Executive Director
Total Annual Compensation: $1.0M
Executive Director
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2013.

daido group ltd (544) Key Developments

Daido Group Ltd. Announces Audited Consolidated Cash Flow Results for the Year Ended December 31, 2013

Daido Group Ltd. announced audited consolidated cash flow results for the year ended December 31, 2013. For the year, the company reported net cash used in operating activities was HKD 48,820,000 against HKD 76,034,000 a year ago. Purchase of property, plant and equipment was HKD 4,088,000 against HKD 36,871,000 a year ago.

Daido Group Ltd., Annual General Meeting, May 30, 2014

Daido Group Ltd., Annual General Meeting, May 30, 2014., at 10:30 China Standard Time. Location: Plaza 3, Lower Lobby. Agenda: To receive and approve audited consolidated financial statements together with the report of the directors and the independent auditor's report for the year ended December 31, 2013; to consider re-election of Directors; to consider re-appointment of auditors and to authorise the Board to fix their remuneration; to consider all the powers of the company to allot, issue and deal with unissued shares of the company and to make or grant offers, agreements and options, including warrants to subscribe for shares; to consider all powers of the company to repurchase the shares; to consider unconditional general mandate granted to the Directors to exercise the powers of the company to allot, issue and deal with unissued Shares and to make or grant offers, agreements and options which might require to exercise of such powers.

Daido Group Ltd. Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2013

Daido Group Ltd. announced audited consolidated earnings results for the full year ended December 31, 2013. For the year, the company reported revenue of HKD 193,499,000 against HKD 186,298,000 a year ago. Profit before tax was HKD 19,102,000 against loss before tax of HKD 29,225,000 a year ago. Profit for the year from continuing operations was HKD 19,102,000 against loss for the year from continuing operations of HKD 29,225,000 a year ago. Loss for the year attributable to owners of the company was HKD 41,268,000 against HKD 179,899,000 a year ago. Loss per basic share was 1.71 cents against 10.47 cents a year ago. Earnings per basic share from continuing operations were 0.79 cents against loss per basic share from continuing operations of 1.70 cents a year ago. Revenue derived from the group's cold storage and related business remained stable and the overall turnover of the group's operations maintained at around the similar levels of the previous year. The decrease in net loss was mainly attributable to (i) the continuous operating loss of the karaoke outlets and related services business in the PRC has been disposed on first August, 2013 and (ii) adjustment on loans to an investee upon the repayment of the loan by the investee. Net cash used in operating activities was HKD 31,969,000 against HKD 47,835,000 a year ago.

 

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