Hotel Properties Ltd :
HPL announced on Thursday that it has entered into a joint-venture agreement with Japanese real estate firm Tokyo Tatemono Co to acquire a 75 per cent stake in a new hotel, and a 25 per cent co-ownership interest in up to 450 condominium units for about 20.85 billion yen altogether. Both the hotel and the condominium components will be developed under a proposed 50-storey mixed development project, with a total gross floor area of about 80,000 square metres located on a freehold site in Dojima 2-chome, Osaka City, Japan.
Following the deal, OneWealth will become a subsidiary of OneApex and change its name to OneApex Capital. Mr Chiu is the sole owner of OneWealth Development. The company said that the proposed acquisition is in line with its strategy to expand into the financial investment services business, which is intended to consist of fund management, wealth management and family office advisory services.
, reversing from a loss of 15.78 million yuan a year ago. This is mainly attributed to the decreased mortality rate of its chickens, as a result of better weather in FY2018. Revenue stood at 1.40 billion yuan for FY18, up 5.1 per cent from 1.34 billion yuan previously. No dividend has been declared for the year, similar to FY17. The group said that it received a lift from the swine fever epidemic as demand shifted from pig meat to chicken meat, resulting in higher selling prices.
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