Shangri-La Asia Limited Announces Board Changes
May 28 15
The board of directors of Shangri-La Asia Limited announced that in relation to his retirement from the Board with effect from the close of the company's annual general meeting held on May 28, 2015 (Annual General Meeting), Mr. WONG Kai Man, an Independent Non-executive Director, has upon retirement simultaneously ceased to be the chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Audit Committee; Mr. Alexander Raid HAMILTON, an Independent Non-executive Director and a current member of the Remuneration Committee, has been elected the chairman of the Remuneration Committee; Mr. Madhu Rama Chandra RAO, an Executive Director, has ceased to be a member of the Nomination Committee; and Mr. HO Kian Guan, a Non-executive Director, has been appointed a new member of the Audit Committee; and all have taken effect from the close of the Annual General Meeting.
Shangri-La Asia Limited Proposes Final Dividend for the Year Ended December 31, 2014, Payable on June 11, 2015
Apr 24 15
At a meeting held on March 25, 2015, the Board of Shangri-La Asia Limited proposed a final dividend of 6 cents per ordinary share for the year ended December 31, 2014 compared to 4 cents per share for the same period last year. The dividend is payable on June 11, 2015 with record date of June 2, 2015.
Shangri-La Asia Limited, Annual General Meeting, May 28, 2015
Apr 24 15
Shangri-La Asia Limited, Annual General Meeting, May 28, 2015., at 10:30 China Standard Time. Location: Island Ballroom, Level 5, Island Shangri-La Hotel. Agenda: To adopt the audited financial statements and the reports of the directors and the auditor of the company for the year ended 31 December 2014; to declare a final dividend for the year ended 31 December 2014; to re-elect the retiring directors; to fix the directors' fees for the year ending 31 December 2015; to re-appoint Messrs PricewaterhouseCoopers as the auditor of the company for the ensuing year and to authorize the directors of the company to fix its remuneration; to approve the 20% new issue general mandate; to approve the 10% share repurchase mandate; and to approve, conditional upon Resolution 6B being duly passed, the mandate of additional new issue by the amount repurchased under Resolution 6B.
Shangri-La Asia Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 24 15
Shangri-La Asia Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of USD 2,111,584,000 against USD 2,081,081,000 a year ago. Operating profit was USD 224,574,000 against USD 239,530,000 a year ago. Profit before income tax was USD 314,566,000 against USD 550,987,000 a year ago. Profit for the year was USD 207,495,000 against USD 441,116,000 a year ago. Profit attributable to equity holders of the company was USD 180,889,000 or 5.77 cents per diluted share against USD 392,298,000 or 12.56 cents per diluted share a year ago. EBITDA was USD 542,000 against USD 572,000 a year ago. Net assets per share attributable to the company's equity holders were USD 1.93 against USD 2.02 a year ago. Net cash inflow from operating activities was USD 348,108,000 against USD 383,038,000 a year ago. Purchase of property, plant and equipment was USD 164,708,000 against USD 138,612,000 a year ago. Expenditure on properties under development was USD 671,845,000 against USD 455,523,000 a year ago. Purchase of leasehold land and land use rights was USD 55,000 compared to USD 1,202,000 a year ago. Capital expenditure on investment properties was USD 34,062,000 compared to USD 94,447,000 a year ago. Net debt as at December 31, 2014 was USD 3,663,631,000 compared to USD 3,717,986,000 a year ago.