Last $0.20 HKD
Change Today +0.003 / 1.52%
Volume 24.4M
488 On Other Exchanges
Hong Kong
As of 4:01 AM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

lai sun development (488) Snapshot

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08/12/14 - $0.24
52 Week Low
03/20/14 - $0.17
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lai sun development (488) Details

Lai Sun Development Company Limited invests, develops, leases, and sells real estate properties. The company’s properties include office, shopping arcades, car park, industrial, and residential properties. It also operates hotels and restaurants; and provides property management, security, and consultancy services to residential, office, industrial, and commercial properties, as well as to hotels and restaurants. Lai Sun Development Company operates in Hong Kong, Vietnam, and China. The company is headquartered in Central, Hong Kong. Lai Sun Development Company Limited is a subsidiary of Lai Sun Garment (International) Limited.

1,300 Employees
Last Reported Date: 10/16/14

lai sun development (488) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $4.3M
Executive Chairman, Member of Executive Commi...
Total Annual Compensation: $11.0M
Deputy Chairman, Member of Executive Committe...
Total Annual Compensation: $7.4M
Executive Director
Total Annual Compensation: $1.5M
Senior Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lai sun development (488) Key Developments

Lai Sun Development Co. Ltd. Proposes to Make Certain Amendments to the Existing Memorandum and Articles of Association

The Board of Lai Sun Development Co. Ltd. proposed to make certain amendments to the company's existing memorandum and articles of association to align them with the new Companies Ordinance (Chapter 622 of the Laws of Hong Kong) which has come into effect on 3 March 2014, at the AGM to be held on December 9, 2014.

Lai Sun Development Co. Ltd. Reports Consolidated Earnings Results for the Year Ended July 31, 2014

Lai Sun Development Co. Ltd. reported consolidated earnings results for the year ended July 31, 2014. For the period, the company's turnover was HKD 2,109.647 million compared with HKD 963.757 million a year ago. Profit from operating activities was HKD 1,476.985 million compared with HKD 2,065.263 million a year ago. Profit before tax was HKD 1,602.137 million compared with HKD 2,648.032 million a year ago. Profit attributable to owners of the company was HKD 1,478.730 million or HKD 0.073 per diluted share compared with HKD 2,564.114 million or HKD 0.127 per diluted share a year ago. Excluding the effect of property revaluations, net profit attributable to owners of the company was approximately HKD 333.2 million against net loss attributable to owners of the company of HKD 201.4 million a year ago, primarily due to the successful sale of the majority of the units at Ocean One. Net asset value per share attributable to owners of the company increased by 9% to HKD 1.035 per share as at July 31, 2014.

Lai Sun Development Co. Ltd., Special/Extraordinary Shareholders Meeting, Jun 18, 2014

Lai Sun Development Co. Ltd., Special/Extraordinary Shareholders Meeting, Jun 18, 2014., at 10:00 China Standard Time. Location: Harbour View Room I, 3rd Floor, The Excelsior. Agenda: To consider the reduction of the amount standing to the credit of the share capital account of the company by a sum equal to HKD 5,700,000,000; to consider the no application to the Court of First Instance of the High Court of Hong Kong for cancellation of the approval of the capital reduction, set out in this special resolution, by creditors of the company; to consider the if such an application is made and the court makes an order to confirm this special resolution upon the application; and to consider the company be and is hereby authorised generally to do all acts and things as may be necessary, desirable or expedient to implement or to give effect to the foregoing.


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Crocodile Garments $0.51 HKD +0.01
Lai Sun Garment International Ltd $1.16 HKD +0.02
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Valuation 488 Industry Range
Price/Earnings 2.7x
Price/Sales 1.9x
Price/Book 0.2x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful

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