Hong Leong Asia

(June 3): June 7 will mark the end of Theresa May’s tenure as British Prime Minister, after a three-year leadership fraught with bad mistakes, resignations, controversy and widely panned policies. Her time as PM will be defined by her inability to deliv

KUALA LUMPUR (May 29): Singapore-listed Hong Leong Asia (HLA), which controls about 80.8% of cement maker Tasek Corp via two wholly-owned subsidiaries, wants to take Tasek Corp private in a deal worth an estimated RM128.61 million, based on the offer pric

SINGAPORE (Nov 14): Hong Leong Asia reported a 35.7% drop in 3Q18 earnings to $2.8 million from a restated $4.4 million a year ago after the de-consolidation of the group’s consumer products unit Xinfei.

SINGAPORE (Feb 28): Hong Leong Asia reported FY17 losses of $66.5 million, 6.7% smaller than the net loss of $71.3 million a year ago.

SINGAPORE (Jan 30): Hong Leong Asia’s wholly-owned subsidiary, HL Building Materials, has established a 51%-owned joint venture (JV) company with Malaysia’s Sunway Construction Group (SunCon) for $25,000.

SINGAPORE (Nov 14): Hong Leong Asia saw losses in 3Q17 widened 26.2% to $17.6 million from a loss of $13.9 million in 3Q16.

SINGAPORE (Oct 30): Hong Leong Asia’s consumer products unit Xinfei will undertake a restructuring exercise involving the cessation of its manufacturing and production activities after conducting a strategic review.

SINGAPORE (Oct 25): Hong Leong Asia cited last Friday’s CIMB’s initiation report on subsidiary China Yuchai International as one of the likely reasons for the unusual trading movement of its shares today.

SINGAPORE (Oct 25): The Singapore Exchange issued Hong Leong Asia with an unusual trading activity query at 12.49pm.

SINGAPORE (Aug 12): Hong Leong Asia has reported a 2Q net loss of $18.2 million compared to a net loss of $18.3 million a year ago as the operating environment in China and Asia continued to be challenging.