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May 27, 2015 12:56 AM ET

Commercial Services and Supplies

Company Overview of Midas International Holdings Limited

Company Overview

Midas International Holdings Limited is an investment holding company and manufactures and sells printed and packaging printed products. It operates through Printing and Cemetery segments. The company prints various books, including art books, photography books, cookbooks, textbooks, and children’s books in various binding styles, such as case-bound, flexi-bound, limp-bound, perfect-bound, notch-bound, saddle-stitched, wire-o, spiral, etc. It also offers stationery items, which include stationery sets, greeting cards, hand-made cards with accessories, photo frames, albums, etc. In addition, the company is engaged in commercial printing of books, such as magazines, periodicals, annual reports...

25/F, Alexandra House

18 Chater Road

Central,  

Hong Kong

Founded in 1990

1,575 Employees

Phone:

852 2407 6888

Fax:

852 2408 0611

Key Executives for Midas International Holdings Limited

Chairman, Chief Executive Officer, Managing Director and Chairman of Corporate Governance Committee
Age: 60
Total Annual Compensation: $2.0M
Deputy Managing Director, Chief Sales Officer of The Printing division, Executive Director and Member of Corporate Governance Committee
Age: 26
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

Midas International Holdings Limited Key Developments

Midas International Holdings Limited Reports Unaudited Consolidated Cash Flows Results for the Six Months Ended September 30, 2014

Midas International Holdings Limited reported unaudited consolidated cash flows results for the six months ended September 30, 2014. For the period, the company reported that the group incurred acquisition and development costs on property, plant and equipment and cemetery assets of HKD 6,244,000 against HKD 9,708,000 in 2013. Net cash used in operating activities was HKD 26,010,000 against HKD 16,927,000, for the same period last year.

Midas International Holdings Limited Announces Directors Changes

The board of directors of Midas International Holdings Limited announced that Mr. Geoffrey Chuang Ka Kam has been appointed as the Deputy Managing Director and Mr. Wong Chi Sing has been appointed as an Executive Director of the company with effect from 1 December, 2014. Mr. Geoffrey Chuang is responsible for the overall strategic direction and management of the group, in particular, supervising the general management of the cemetery division and acting as the chief sales officer of the printing division. Mr. Wong is responsible for the corporate finance, treasury, human resources management and internal audit functions of the group. Mr. Wong has acted as the financial controller of the group and holds directorships in certain subsidiaries of the company. During the period from August 2004 to June 2009, he had also been an Executive Director of the company.

Midas International Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

Midas International Holdings Limited reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported revenues of HKD 161,222,000 compared to HKD 186,008,000 a year ago. The decrease was mainly due to a decrease in printing product sales. Operating profit was HKD 16,866,000 compared to operating loss of HKD 8,967,000 for the last year. Profit before taxation was HKD 12,873,000, compared to loss before taxation of HKD 14,680,000 for the last year. Profit for the period attributable to equity holders of the company was HKD 10,746,000 or 0.4 cents per basic and diluted share compared to loss attributable to equity holders of the company of HKD 14,288,000 or 0.6 cents per basic and diluted share for the last year.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 21, 2015
Dongguan Midas Printing Company Limited
 

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