ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Apr 01, 2021 10:41 JST
Source: IBI Group Holdings Limited
IBI Announces Disposal of Strategic Investments and Realises Gain of HK$25.2 Million
HONG KONG, Apr 01, 2021 - (ACN Newswire) - IBI Group Holdings Limited ("IBI" or the "Group"; Stock Code: 1547), an investment holding company which specialises in the built environment including subsidiaries providing contracting services, distribution of high-tech and innovative building products and, air quality monitoring and management, announced the disposal of four of its global investments ("Disposal") through its wholly-owned subsidiary, IBI Investment Holdings Limited ("IBI Investment" or the "Company"). Upon completion, it will realise a total gain of approximately HK$25.2 million.
IBI Investment has diversified investment profiles. As of 31 March 2021, the Company has announced four disposals in the open market, including a total of 94,900 shares of Australia and New Zealand Banking Group Limited ("ANZ"); a total of 96,600 shares of National Australia Bank Limited ("NAB"); a total of 96,600 shares of Westpac Banking Corporation ("WBC") and a total of 27,200 shares of Commonwealth Bank of Australia ("CBA"), for a combined total consideration of approximately HK$58.2 million. As a result of the Disposal, the Group expects to realise a gain of approximately HK$25.2 million, representing the difference between the aggregate consideration of the Disposal and the aggregate purchase price of the shares sold. Subsequently, the Disposal is expected to enhance the Group's cash flow position and it intends to use the net proceeds as general working capital.
Mr. Neil Howard, Chairman and CEO of IBI, said, "Adhering to IBI Investment's mission to extend the Group's reach by making strategic investments, we have been exploring different investment opportunities that would be beneficial to the Group. Leveraging our strong financial position, we have made good use of our internal resources and invested in international blue chip companies with long histories and strong fundamentals. Although the COVID-19 pandemic has invariably affected the global economy, we are pleased to generate a favourable income for the Group amid this adversity and to have added significant additional value for our shareholders."
About IBI Group Holdings Limited (stock code: 1547)
Established in Hong Kong in 1997, the Group is an investment holding company focused on investments in the built environment. With the mission to deliver premium products, services and customer experiences with a strong influence of innovation, sustainability and wellness, the Group principally centers around the role of contracting along with subsidiaries providing innovative and high tech built environment solutions including air quality monitoring and management. Its major customers include a number of reputable organisations and commercial enterprises, including a horse racing and betting operator in Hong Kong, multinational banks, international hotel groups and hotel and casino operators. For more information, please refer to IBI's website:
https://ibighl.com/
.
Media Enquiries:
Strategic Financial Relations Limited
Heidi So +852 2864 4826
heidi.so@sprg.com.hk
Stephanie Liu +852 2864 4852
stephanie.liu@sprg.com.hk
Adrianna Lau +852 2114 4987
adrianna.lau@sprg.com.hk
www.sprg.com.hk
Sectors: Construct, Engineering
Copyright ©2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
DENSO Announces Third Quarter Financial Results
Feb 03, 2023 19:24 JST
TOYOTA GAZOO Racing in search of more Swedish snow success
Feb 03, 2023 18:10 JST
Mitsubishi Shipbuilding and INPEX Complete Conceptual Study for Ammonia Bunkering Vessel
Feb 02, 2023 17:03 JST
Fujitsu named to FORTUNE Magazine's 2023 list of "World's Most Admired Companies" for fifth year running
Feb 02, 2023 16:33 JST
Hitachi to Strengthen Business Structure to Accelerate Growth through Digital, Green, and Innovation
Feb 02, 2023 14:19 JST
Fujitsu delivers digital transformation with AI demand forecast service for TORIDOLL noodle shops throughout Japan
Feb 02, 2023 11:36 JST
Compact CO2 Capture System Receives "Awards for Excellence" at the 2022 Nikkei Excellent Products and Services Awards
Feb 01, 2023 16:52 JST
Fujitsu outlines vision for secure and sustainable network technologies at MWC Barcelona 2023
FP
Feb 01, 2023 10:53 JST
Premiere of New Mazda CX-90 Crossover SUV
Feb 01, 2023 09:00 JST
Honda: Production, Sales and Export Results for December, 2022
Jan 31, 2023 11:57 JST
Mazda Production and Sales Results for December 2022 and for January through December 2022
Jan 31, 2023 11:08 JST
DOCOMO Conducts World's First Trial of Transmissive Metasurface on Window to Deliver Indoor Radio Waves to Outdoor Foot of Building
Jan 30, 2023 17:00 JST
Small, Efficient 5G Multisector Antenna Indoor Base Station Achieves World's First Demonstration using 28GHz
Jan 30, 2023 16:35 JST
DOCOMO and YKK AP to Test Signal-permeable Windows Made with Aerogel for Easy Penetration by Radio Waves
Jan 30, 2023 16:13 JST
NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms
Jan 30, 2023 15:44 JST
NEC announces executive personnel changes
Jan 30, 2023 15:28 JST
Toyota: Sales, Production, and Export Results for 2022 (January - December)
Jan 30, 2023 13:36 JST
Lecanemab Receives Priority Review Status in Japan
Jan 30, 2023 12:50 JST
Two Hitachi Group Companies to Merge to Expand Robotic SI Business in Japan and ASEAN Countries
Jan 30, 2023 11:08 JST
Toyota Tsusho, IIJ, NEC, and NTT Com Sign Contract with Uzbektelecom for Telecommunications Infrastructure Development Project
Jan 27, 2023 15:25 JST
More Latest Release >>
Related Release
IBI Group Announces FY2022 Annual Results, Steadfast Resilience Albeit Market Challenges
June 30 2022 19:21 JST
IBI Announces Acquisition of Strategic Property Investment in Europe
May 27 2022 17:48 JST
IBI Group Delivers Exceptional Results with Net Profit Surging 151.5%
June 24 2021 20:25 JST
IBI Issues Positive Profit Alert, Expects to Record Over 140% Increase in Profit Attributable to the Owners of the Company
May 03 2021 20:00 JST
IBI Officially Launches Building Solutions Limited
February 19 2021 15:55 JST
IBI Group Holdings Limited Announces FY2016/17 Annual Results
June 28 2017 20:39 JST
More Press release >>