SHUN TAK HOLD(00242)

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信德集团(00242) - 建议(1)回购股份及发行股份之一般性授权及(2)重选董事及股东週年常会通...
2025-04-25 08:24
此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問,應諮詢 閣下之持牌證券交易商、銀 行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之信德集團有限公司股份全部售出或轉讓,應立即將本通函及隨附之代表委 任表格送交買主或承讓人,或經手買賣或轉讓之銀行、持牌證券交易商或其他代理商,以便 轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責,對其準確 性或完整性亦不發表任何聲明,並明確表示,概不對因本通函全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 SHUN TAK HOLDINGS LIMITED 信 德 集 團 有 限 公 司 (於香港註冊成立之有限公司) (股份代號:242) 網址:http://www.shuntakgroup.com 建議 (1)回購股份及發行股份之一般性授權 及 (2)重選董事 及 股東週年常會通告 信德集團有限公司謹訂於二零二五年六月十一日(星期三)下午二時三十分假座香港干諾道中 二百號信德中心四樓四零一A雅辰會舉行股東週年常會或其任何續會,召開常會之通告載於 本通函第15頁至第19頁。 無論 閣 ...
信德集团(00242) - 2024 - 年度财报
2025-04-25 08:18
Real Estate Development - The group has significant real estate development in Macau and Hong Kong, being one of the largest listed companies in Hong Kong with substantial land bank in Macau[14] - The group is actively expanding in the Guangdong-Hong Kong-Macau Greater Bay Area and mainland China, with projects in Beijing, Shanghai, and other key locations[14] - The group’s luxury residential project, The 1, is located in a prime area of Macau and includes seven luxury residential towers and a flagship shopping mall[15] - The group’s total floor area for the luxury residential project in Macau exceeds 655,000 square feet, making it a significant development in the region[15] - The group has received pre-sale approval for its serviced apartments in Beijing, with sales offices and show units completed, targeting a launch in 2024[16] - The group’s wholly-owned Shun Tak Jinghui Center in Beijing covers an area of 63,000 square feet, featuring office buildings and leisure spaces[16] - The group has expanded into Singapore's real estate market, acquiring premium properties near the central business district, including a commercial development project with a building area of approximately 766,550 square feet[21] - The group became the sole owner of the Hengqin comprehensive development project in December 2020, with a retail mall expected to open in the second half of 2025[20] - The group plans to sell office floors and a retail unit in the Hengqin project, with a memorandum of understanding signed with SJM Investment Limited[101] - The group is strategically developing large-scale integrated real estate projects across the Greater Bay Area, mainland China, and Singapore, incorporating hotel, retail, and healthcare elements[199] Cultural and Tourism Initiatives - The group aims to create dual value for the economy and society through its cultural tourism initiatives[4] - The group’s strategic focus includes the integration of culture and tourism, enhancing modern tourism experiences while preserving cultural heritage[4] - The group launched the "Macau Sea Tour" in 2018, enhancing the diversity of tourism activities in Macau[32] - The group is actively implementing the national cultural tourism development concept, integrating cultural elements into its business operations[84] - The group joined the Guangdong-Hong Kong-Macao Greater Bay Area High Tower Alliance to enhance tourism experiences in the region[70] - The group is expanding its transportation network to connect Hong Kong International Airport with Zhuhai and Macau, enhancing the Greater Bay Area's connectivity[84] - The group is committed to supporting the central government's policies to enhance connectivity within the Guangdong-Hong Kong-Macau Greater Bay Area[33] Healthcare Sector - The group entered the healthcare sector in China in 2018, partnering with Pengri Li Group to develop two major integrated projects along high-speed rail lines, with the Tianjin South High-Speed Rail Station project expected to be completed by December 2024[19] - The Tianjin South High-Speed Railway Station project will cover a total construction area of 325,000 square meters, with the remaining medical and retail services expected to open in phases by 2025[110] Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[1] - The company’s revenue for 2024 was HKD 4,545,551,000, an increase from HKD 4,068,138,000 in 2023, representing a growth of approximately 11.7%[58] - The loss attributable to shareholders for 2024 was HKD 823,951,000, compared to a loss of HKD 676,726,000 in 2023, indicating a deterioration in performance[58] - The total equity value decreased to HKD 32,732,387,000 in 2024 from HKD 34,066,179,000 in 2023, reflecting a decline of about 3.9%[58] - Basic loss per share for 2024 was HKD (27.3 cents), worsening from HKD (22.4 cents) in 2023[58] - The net asset value per share decreased to HKD 10.8 in 2024 from HKD 11.3 in 2023[58] Hotel and Leisure Sector - The group established the Yat Sing Hotel Group in 2013 to capture opportunities in the growing Asian tourism market, currently operating 17 projects across major cities including Beijing, Shanghai, and Singapore[23] - The Zhuhai Hengqin Yat Sing Hotel, featuring 230 rooms, is set to open in March 2024, marking the group's entry into the Greater Bay Area[28] - The Singapore Yat Sing Hotel, with 142 rooms, is scheduled to open in December 2023, representing the group's first project outside of China[27] - The group launched the Chongqing Yacheng Hotel in April 2024, marking its entry into the southwestern region of China[64] - The company launched two new hotels in Zhuhai and Chongqing, marking its first entry into the Hengqin Guangdong-Macao Deep Cooperation Zone[133] - The group’s hotel management subsidiary, Yat Sing Hotel Group, focuses on creating unique hotel experiences that cater to millennial travelers[139] - The opening of the Zhuhai Hengqin Yacheng Hotel marks the first Yacheng hotel in the Greater Bay Area, with 230 rooms designed with graffiti art inspiration[140] - The Chongqing Yacheng Hotel, which opened in May 2024, features 378 spacious rooms catering to both business and leisure travelers[153] Transportation and Connectivity - The group is actively participating in the operation of cross-border shuttle bus services, enhancing connectivity within the Greater Bay Area[33] - The group aims to strengthen its multi-modal transport network to capitalize on the growth in passenger traffic in the region[32] - The department has signed a new "4+1" year contract for cross-border ferry, bus, and luggage handling services, effective from July 1, 2024, enhancing multi-modal transport connections between the Greater Bay Area and the world[174] - The department's new bus service to Zhuhai Airport enhances connectivity for travelers between Hong Kong and mainland China, aligning with government policies[174] - The transportation sector is expanding its network and fleet, responding to the growing demand in the Greater Bay Area[166][171] Sustainability Initiatives - The group emphasizes sustainable development in all its projects, integrating sustainability into its business model[4] - The management team emphasized the importance of sustainability initiatives, aiming for a reduction in carbon footprint by F% over the next five years[7] Market Expansion and Strategic Acquisitions - The company is investing in R&D for new technologies, allocating $D million to enhance product offerings and improve operational efficiency[5] - Strategic acquisitions are planned, with a focus on integrating E companies to strengthen market position and diversify product lines[6] - The company is exploring new market segments, targeting G demographics to drive future growth and increase market share[8] - The company is exploring new business opportunities to meet changing member preferences, including organic dining options and outdoor facilities[159][160] Awards and Recognition - The group received the "Best Corporate Team Event" bronze award and "Best Team of the Year - Brand Category" bronze award at the Marketing-Interactive's Marketing Event Awards[66] - The group received the "2024 Outstanding ESG Performance Organization" award from the Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Alliance[79] - The group was recognized as "China's Hotel Industry Excellent Development Potential Hotel Group" and "China's Hotel Industry Excellent Eastern Cultural Value Hotel Group" in the brand value rankings[79] - The Shanghai Pudong area hotels have won multiple awards, including the "Best Urban Style Hotel" at the 9th The Best BANG Awards[156] Challenges and Future Outlook - The group acknowledges the ongoing economic challenges but remains focused on quality-driven growth strategies[91] - The group aims to leverage its strong foundation in the Greater Bay Area and close ties with mainland China to navigate challenges posed by high interest rates and rising labor costs[83] - Despite challenges such as high interest rates and rising labor costs, the group aims to maintain steady business growth and value creation for shareholders[199]
002423,紧急声明
Shang Hai Zheng Quan Bao· 2025-04-05 13:01
4月5日,央企中粮集团旗下A股公司中粮资本发布声明,对"中粮资本"App进行辟谣。 中粮资本声明称,近日,公司发现有不法分子通过短信、微信等渠道散布虚假"中粮资本"App链接,并通过该虚假App诱导用户充值扣费等。 中粮资本强调,中粮资本严格按照相关法律法规开展业务,并保持稳健经营。目前仅以"中粮资本"的名义建立微信公众号,未建立App应用及任何形式的 线上销售渠道。 中粮资本正告散布虚假信息、假借公司名义进行不法活动的单位或个人,立即停止一切违法行为,公司已向相关部门举报,同时保留依法追究相关法律责 任的权利。同时,公司提醒广大投资者提高警惕、注意甄别,不主动点击非法网址链接,并可通过安装国家反诈中心App、向公安机关报案等方式,切实 保护自身利益,避免财产损失。 发布时间 综合排序 搜索范围 √ 中粮资本 发表 公司声明 为维护广大投资者和我公司合法权益,现 公司 郑重声明如下:一、中粮资本旗下各成 ... 声明 7小时前 中粮资产管理(国际) 郑重声明 针对上述情况,我们再次声明以下事项: 一、中粮资产管理(国际)有限公司并 ... 12个月前 中粮资本郑重声明 记者注意到,4月5日,中粮资本曾对该声明 ...
信德集团(00242) - 2024 - 年度业绩
2025-03-25 09:37
Financial Performance - The company reported a consolidated loss attributable to owners of HKD 824 million for the year ended December 31, 2024, compared to a loss of HKD 677 million in 2023, representing a 21.7% increase in losses [3]. - Basic loss per share was HKD 27.3, up from HKD 22.4 in 2023, indicating a deterioration in earnings performance [6]. - Total revenue for the year was HKD 4,545,551 thousand, an increase of 11.7% from HKD 4,068,138 thousand in 2023 [6]. - Operating profit rose to HKD 477,032 thousand, compared to HKD 398,896 thousand in the previous year, reflecting a growth of 19.6% [6]. - The total comprehensive loss for the year was HKD 1,209,722 thousand, compared to HKD 1,637,236 thousand in 2023, showing a reduction in overall losses [7]. - The company experienced a pre-tax loss of HKD 663,647,000 for the year, with a net loss of HKD 749,562,000 after tax [25]. - The operating profit before interest and unallocated expenses was HKD 477,032,000, despite financing costs of HKD 695,093,000 [25]. - The company incurred a financing cost of HKD 695,093,000 in 2024, down from HKD 722,767,000 in 2023 [35]. - The company reported a loss before tax of HKD 573,730,000 for 2023, with tax expenses totaling HKD 59,776,000 [28]. - The fair value loss on financial assets recognized in profit or loss was HKD 302,613,000 in 2023 [28]. Assets and Liabilities - Non-current assets decreased to HKD 31,415,185 thousand from HKD 32,890,472 thousand, indicating a decline of 4.5% [8]. - Current assets slightly decreased to HKD 18,788,713 thousand from HKD 18,931,227 thousand, a decline of 0.8% [8]. - The company's total liabilities increased to HKD 17,471,511 thousand from HKD 17,755,520 thousand, reflecting a decrease of 1.6% [9]. - The net asset value decreased to HKD 32,732,387 thousand from HKD 34,066,179 thousand, a decline of 3.9% [9]. - Total assets for 2024 amount to HKD 50,203,898,000, a slight decrease from HKD 51,821,699,000 in 2023 [29]. - The company’s total liabilities for 2024 stand at HKD 17,471,511,000, a decrease from HKD 17,755,520,000 in 2023 [29]. - As of year-end, the group has pledged assets with a total book value of HKD 10,983 million against bank loans of approximately HKD 4,976 million [64]. Revenue Sources - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 4,633,797,000, with a significant portion coming from customer contract revenue of HKD 3,974,913,000 [25]. - The company reported a total revenue of HKD 4,172,724,000 for 2023, with a significant portion coming from property sales at HKD 2,214,067,000 [29]. - Revenue from external customers in 2024 reached HKD 4,633,797,000, an increase from HKD 4,172,724,000 in 2023 [31]. - Interest income for the year was recorded at HKD 247,380,000, contributing to the overall financial performance [25]. Dividends and Shareholder Returns - The company did not declare any final or interim dividends for the year, consistent with the previous year [4]. - No final dividend proposed for the year ending December 31, 2024, consistent with 2023 [37]. - Basic loss per share for the year was HKD 823,951,000, compared to HKD 676,726,000 in 2023, with weighted average shares of 3,017,661,785 [38]. Segment Performance - The company reported a significant decline in the performance of its real estate segment, with a contribution of HKD 917,588,000 to the overall results [25]. - The hotel and leisure segment reported a loss of HKD 179,438,000, indicating challenges in this area [25]. - Overall profit for the real estate sector was HKD 9,180,000,000, up from HKD 8,820,000,000 in 2023, despite currency exchange losses [49]. - The group operates four reportable segments: Real Estate, Hotel and Leisure, Transportation, and Investment, each requiring distinct marketing strategies [20][21]. Investments and Future Plans - The group plans to sell office floors and a retail unit in Zhuhai for HKD 584 million, with a memorandum of understanding signed with SJM [47]. - The group is developing a new leisure project in Hong Kong's Ocean Park, expected to be completed by 2028 [50]. - The group plans to launch a new leisure business in October 2024, in partnership with AJ Hackett International, at Ocean Park, expected to be completed by 2028 [56]. - The group aims to expand its transportation network and enhance operational efficiency in response to increasing travel demand in the Greater Bay Area [57]. - The group has a capital commitment of $500 million for investment in Perennial HC Holdings Pte. Ltd., holding a 30% stake, with an outstanding commitment of $75 million as of December 31, 2024 [63]. Operational Metrics - The occupancy rate of Hong Kong SkyCity Marriott Hotel increased by 13 percentage points to 75% in 2024, compared to 62% in 2023 [51]. - The average occupancy rate of hotels in Macau rose by 14 percentage points to 69% in 2024, up from 55% in 2023 [51]. - The rental rate for the high-end shopping mall "Wanshang Tiandi" in Shanghai was 94% as of December 31, 2024 [49]. - The group sold 90 residential units in Macau's Ho Shun project, with 68 units recognized as revenue, indicating strong buyer confidence [46]. Debt Management - The net debt at year-end was approximately HKD 7,626 million, with a capital-to-debt ratio of 25.1% compared to 28.1% in 2023 [60]. - The group is strategically managing its debt and will continue to monitor market conditions to create sustainable value for shareholders [59]. Corporate Governance - The board believes that the current governance structure sufficiently balances power and authority, despite the chairman also serving as the CEO [74]. - The group’s financial statements for the year ending December 31, 2024, have been reviewed by the audit and risk management committee, with no audit opinion issued by the auditors [75]. Employee Relations - The group employs around 1,700 staff members, offering competitive compensation and promoting team spirit through regular social events [68].
信德集团(00242) - 董事会会议日期
2025-03-13 09:24
(於香港註冊成立之有限公司) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對其準 確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 SHUN TAK HOLDINGS LIMITED 信 德 集 團 有 限 公 司 香港,二零二五年三月十三日 於本公告日期,本公司之執行董事為何超瓊女士、何超鳳女士、何超蕸女士、岑康權先生 及尹顥璠先生;及獨立非執行董事為何厚鏘先生、何柱國先生、吳志文先生及葉家祺先 生。 (股份代號: 242) 網址: http://www.shuntakgroup.com 董事會會議日期 信德集團有限公司(「本公司」)之董事會(「董事會」)謹此宣佈將於二零二五 年三月二十五日(星期二)舉行董事會會議,藉以(其中包括)批准刊發本公司及 其附屬公司截至二零二四年十二月三十一日止年度之全年業績公佈,並考慮建議派 發末期股息(如有)。 承董事會命 信德集團有限公司 公司秘書 曾美珠 ...
信德集团(00242) - 自愿性公告 有关出售该等物业之谅解备忘录
2024-12-11 12:00
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對 其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SHUN TAK HOLDINGS LIMITED 信 德 集 團 有 限 公 司 ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號:242) 網址:http://www.shuntakgroup.com 自願性公告 有關出售該等物業之 諒解備忘錄 標的事項 根據諒解備忘錄,賣方擬出售而買方擬購買本集團位於中華人民共和國(「中國」)珠 海市橫琴新區信德街28號信德口岸商務中心(「該項目」)內之若干辦公室單位及一個 零售單位(「該等物業」),總現金代價(「代價」)為人民幣 546,000,000元(相等於約港 幣584,000,000元)(不包括稅項)(「可能出售事項」),有關金額乃經訂約方商討後達 成。 買方擬收購該等物業以改建作酒店用途(「改建」),有關工程(「改建工程」)將由賣方 進行。據買方稱,其預計將於中國成立一間項目公司(「項目公司」)以完成收購。 排他期限 根據諒解備忘錄, ...
信德集团(00242) - 公告有关向一家合资公司提供财务资助之须予披露交易
2024-12-10 09:52
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對 其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SHUN TAK HOLDINGS LIMITED 信 德 集 團 有 限 公 司 ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號:242) 網址:http://www.shuntakgroup.com 公告 有關向一家合資公司提供財務資助 之須予披露交易 緒言 茲提述本公司日期為二零一六年六月二十二日及二零二四年三月二十六日之公告, 內容有關APIL(本公司之間接全資附屬公司)與合資夥伴(獨立第三方)就持有及經 營該物業成立合資公司,以及提供過往貸款以籌集合資公司之營運資金。 該承諾 提供過往貸款後,為就合資公司之營運資金需求融資,本公司於二零二四年十二月 十日批准該承諾,以通過APIL按其於合資公司之股權比例提供最多108,000,000港 元之額外股東貸款。與過往貸款之條款相同,即將根據該承諾提供之股東貸款將無 固定還款期,且將屬無抵押及免息。 – 1 – 上市規則之涵義 由於 ...
信德集团(00242) - 公告有关海洋公园项目及成立合资公司之须予披露交易
2024-10-24 10:42
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對 其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SHUN TAK HOLDINGS LIMITED 信 德 集 團 有 限 公 司 ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號:242) 網址:http://www.shuntakgroup.com 公告 有關海洋公園項目及成立合資公司 之須予披露交易 海洋公園項目 董事會欣然宣佈,於二零二四年十月二十四日(交易時段後),本公司之間接非全資 附屬公司STAHS與海洋公園公司訂立該等協議,據此,STAHS將根據開發及營運 協議及轉租協議之條款及條件,開發及營運歷險主題區,其為位於海洋公園之新歷 險公園。 成立合資公司 於同日交易時段後,本公司之間接全資附屬公司STSIL與CIHKL及其他訂約方就 STAHS訂立股東協議,其中包括就海洋公園項目對STAHS進行管理、營運及融 資。STAHS為一家由本公司持有50%及由其合資夥伴CIHKL持有50%之附屬公司。 – 1 – 開發及營運協 ...
信德集团(00242) - 2024 - 中期财报
2024-09-19 08:30
SHUN TAK HOLDINGS STOCK CODE 股份代號:242 III CRUISING TOWARDS 据 SUCCESS n 2024 信德集團有限公司中期乘績報告 Shun Tak Holdings Limited Interim Report 順風揚帆 Cruising Towards Success As our world recovers from the pandemic, Shun Tak Group is well positioned with its strategic partners in the property, hospitality and leisure, transportation, and investment sectors to create shareholder value. The Group has implemented an insightful development plan to capture market opportunities and contribute to the growth of our country as w ...
信德集团(00242) - 2024 - 中期业绩
2024-08-27 04:00
Financial Performance - The company reported an unaudited loss attributable to shareholders of HKD 428 million for the six months ended June 30, 2024, compared to a loss of HKD 425 million in the same period of 2023[1]. - Revenue for the period was HKD 2,162,476 thousand, representing a significant increase of 44.7% from HKD 1,495,148 thousand in 2023[2]. - The operating profit for the period was HKD 199,719 thousand, a turnaround from an operating loss of HKD 116,778 thousand in the previous year[2]. - The company decided not to declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The basic loss per share was HKD 0.142, slightly higher than HKD 0.141 in 2023[2]. - Total comprehensive loss for the period amounted to HKD 823,853 thousand, compared to HKD 1,518,694 thousand in the same period last year[3]. - The group reported a loss before tax of HKD 378,124,000 for the period[14]. - The company reported a net loss of HKD 417,749,000 for the six months ended June 30, 2024, compared to a loss of HKD 416,393,000 in the same period last year[15][21]. Assets and Liabilities - Non-current assets decreased to HKD 32,150,051 thousand as of June 30, 2024, from HKD 32,890,472 thousand as of December 31, 2023[5]. - Current assets increased to HKD 19,581,094 thousand as of June 30, 2024, compared to HKD 18,931,227 thousand as of December 31, 2023[5]. - The company's total liabilities increased to HKD 18,599,019 thousand as of June 30, 2024, from HKD 17,755,520 thousand as of December 31, 2023[6]. - The net asset value decreased to HKD 33,132,126 thousand as of June 30, 2024, compared to HKD 34,066,179 thousand as of December 31, 2023[6]. - Total assets as of June 30, 2024, amounted to HKD 51,731,145,000, compared to HKD 51,821,699,000 as of December 31, 2023[17]. - Total liabilities increased to HKD 18,599,019,000 as of June 30, 2024, from HKD 17,755,520,000 at the end of the previous year[17]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 2,183,519,000, with property segment contributing HKD 1,795,746,000[14]. - The hotel and leisure segment generated revenue of HKD 306,844,000, while the investment segment contributed HKD 81,801,000[14]. - The total income from rental and other sources amounted to HKD 1,862,630,000, with rental income specifically at HKD 1,548,278,000[14]. - The group’s operating profit before unallocated corporate expenses was HKD 328,280,000[14]. Projects and Developments - As of June 30, 2024, the sales rate for the completed residential project "Ho Po" in Macau reached 98%, with 620 units sold out of the total[27]. - The "Ho Shang" project in Macau achieved a sales rate of 92%, with 65 units signed and 9 units confirmed for revenue recognition in the first half of 2024[27]. - The "Suhui Bay" comprehensive development project in Shanghai has a rental rate of 91% for its shopping mall and 55% for its office space as of June 30, 2024[28]. - The "Hengqin" comprehensive development project is expected to open its shopping mall in the second half of 2025, with 426 residential units, of which 4 demonstration units are anticipated to be sold within 2024[29]. - The "Somerset 111" project in Singapore achieved a rental rate of 98% for its commercial, retail, medical, and office spaces as of June 30, 2024[30]. - The Beijing Tongzhou comprehensive development project is expected to start pre-sales of its residential units after obtaining government approval, with the first phase expected to be completed in 2025[31]. - The Tianjin South High-Speed Railway Station project is undergoing renovation, with some elderly care facilities already in trial operation as of June 2024, and other parts expected to commence operations in the second half of 2024[31]. Hotel and Leisure Performance - The hotel division recorded a loss of HKD 86 million in the first half of 2024, compared to a profit of HKD 6 million in the same period of 2023[37]. - The Hong Kong SkyCity Marriott Hotel achieved an average occupancy rate of 71% as of June 30, 2024, driven by increased demand from international events[38]. - The Mandarin Oriental, Macau, improved its occupancy rate to 63% in the first half of 2024, despite challenges in dining and spa services recovery[39]. - The Yat Sing Hotel Group launched two flagship hotels in 2024, including the Zhuhai Hengqin Yat Sing Hotel and the Chongqing Yat Sing Hotel, as part of its "Travel +" strategy[37]. - The Singapore Yat Sen Hotel, opening in November 2023, marks the company's first international project outside China, featuring 142 rooms and a luxury experience[41]. Transportation Sector - The transportation sector recorded a profit of HKD 6 million in the first half of 2024, compared to HKD 9 million in the same period of 2023[56]. - The company successfully renewed the management contract for the Sky Pier, securing a 4+1 year operating right for cross-border ferry and bus services starting July 1, 2024[58]. - The transportation department is expanding its business scope to include various cross-border land transport services, enhancing market competitiveness[57]. - The company aims to leverage the opportunities presented by the Greater Bay Area's development and new cross-border infrastructure to enhance its multi-modal transport platform[59]. Financial Strategy and Governance - The group’s capital and debt ratio stands at 27.6% as of June 30, 2024, slightly down from 28.1% at the end of 2023, indicating a stable financial strategy[66]. - The group has no significant acquisitions or disposals during the reporting period, with unfulfilled commitments amounting to HKD 16 million for hotel and investment properties[66]. - The board believes it has complied with all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and CEO[72]. - The unaudited condensed consolidated interim financial statements for the six months ending June 30, 2024, were reviewed by the Audit and Risk Management Committee[73].