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As of 5:04 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

weiye holdings ltd (WEI) Snapshot

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07/25/13 - $0.10
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weiye holdings ltd (WEI) Details

Weiye Holdings Limited engages in the development of residential and commercial properties in the People’s Republic of China. The company operates in two segments: Development Properties; and Clean Room Equipment and Air Diffusion Products. The Development Properties segment sells commercial and residential property units. It primarily focuses on developing large-scale and multi-phased projects. This segment has 8 completed property development projects with a total gross floor area (GFA) of approximately 407,000 square meters in Henan Province; and 6 properties under development with an aggregate GFA of approximately 1.3 million square meters in Henan and Hainan Provinces. The Clean Room Equipment and Air Diffusion Products segment is involved in the manufacture and trading of air-conditioning and clean room equipment, including fan filter units, air showers, clean booths, pass boxes, clean hand dryers, clean benches, deflection grilles, air diffusers, and other products. Additionally, it engages in the provision of property management and ancillary services. The company was formerly known as Great Spirit Management Limited and changed its name to Weiye Holdings Limited in August 2011. Weiye Holdings Limited was incorporated in 2009 and is based in Zhengzhou, China.

Founded in 2009

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weiye holdings ltd (WEI) Key Developments

Weiye Holdings Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Weiye Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of RMB 184,011,000 against RMB 64,196,000 a year ago. Profit before taxation was RMB 15,521,000 against RMB 85,087,000 a year ago. Profit attributable to owners of the company was RMB 8,984,000 or 0.46 cents per diluted share against RMB 67,351,000 or 3.43 cents per diluted share a year ago. Net cash flows used in operating activities were RMB 10,387,000 against net cash flows generated from operating activities of RMB 199,669,000 a year ago. Purchase of property, plant and equipment was RMB 90,000 against RMB 1,560,000 a year ago. Additions to intangible assets were RMB 66,000 against RMB 58,000 a year ago.

Weiye Holdings Limited Announces Executive Changes

Weiye Holdings Limited announced the re-designation of Mr. Ong Kian Guan, the Company's Independent Director, has been re-designated from Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee to Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee with effect from 1 April 2014.

Weiye Holdings Limited Appoints Oh Eng Bin as Independent Non-Executive Director, Chairman of the Remuneration Committee and a Member of the Audit Committee and Nominating Committee

Weiye Holdings Limited announced the appointment of Mr. Oh Eng Bin as Independent Non-executive Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee, effective on April 1, 2014. From 2010-Present he is Partner, Rodyk & Davidson LLP.


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