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hung hing print group (450) Snapshot

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hung hing print group (450) Details

Hung Hing Printing Group Limited, an investment holding company, provides printing services and packaging products in Hong Kong and internationally. It operates through Book and Package Printing, Consumer Product Packaging, Corrugated Box, and Paper Trading segments. The company produces folding cartons and packaging for toys, cosmetics, and other consumer products; manufactures conventional and children’s novelty books; and prints and produces cards and social stationery items, such as diaries, gift sets, gift bags, and greetings cards. It also offers corrugated boxes for toy, food and beverage, electronics, and household product sectors. In addition, the company is involved in paper trading; the production and color printing of paper products; trading corrugated cartons; printing and manufacturing paper cartons; producing novelty items, such as pop-ups, paper mechanisms, pull tabs, novelty additions, or reactive inks; and acting as a selling and purchasing agent. Further, it operates BelugaBloo, a digital store; produces, markets, and distributes interactive ebooks, education applications, and games for children. Additionally, it provides prepress services comprising film, color separation, and color proof production services for packaging, books, magazines, posters, and other paper products. The company was founded in 1950 and is headquartered in Tai Po, Hong Kong.

9,990 Employees
Last Reported Date: 03/26/15
Founded in 1950

hung hing print group (450) Top Compensated Officers

Executive Chairman and Member of Nomination C...
Total Annual Compensation: $6.6M
Executive Director of Consumer Product Packag...
Total Annual Compensation: $2.5M
Compensation as of Fiscal Year 2013.

hung hing print group (450) Key Developments

Hung Hing Printing Group Limited Announces Executive Changes

The board of directors of Hung Hing Printing Group Limited announced that due to the retirement of Mr. Tung Yu Biu, he has resigned as the company secretary of the company and ceased to act as an Authorised Representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 27 March 2015. Mr. Tung has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company or the Stock Exchange. The Board also announced that Mr. Shek Kwok Man has been appointed to fill the positions of Company Secretary and Authorised Representative of the company as well with effect from 27 March 2015. Mr. Shek is the Vice President, Finance of the Group, providing financial leadership for the Group including mergers & acquisitions, investor relations, planning & reporting, and financial management of manufacturing operations. Prior to joining the Group in February 2013, Mr. Shek had over 25 years of management experience as senior executive with renowned multinational corporations stationed in various locations such as Tokyo, Guangzhou, Beijing and Shanghai in addition to Hong Kong. Mr. Shek is both a member of the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants.

Hung Hing Printing Group Ltd. Recommends Final Dividend, Payable on June 25, 2015; Reports Final Consolidated Earnings Results for the Year Ended December 31, 2014

The directors of Hung Hing Printing Group Ltd. recommend a final dividend of 2 HK cents per share compared to 5.3 HK cents per share a year ago. The proposed final dividend is subject to shareholders' approval at the forthcoming annual general meeting of the company. This, together with an interim dividend of 1 HK cent per share paid in October 2014, will make a total dividend of 3 HK cents per share for the financial year. The proposed final dividend will be paid by cash on June 25, 2015 to shareholders whose names appear on the register of members of the company on June 12, 2015. The company reported final consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of HKD 2,989,333,000 compared to HKD 3,013,490,000 reported a year ago. Operating profit was HKD 41,038,000 compared to HKD 111,757,000 reported a year ago. Profit before income tax was HKD 31,500,000 compared to HKD 105,028,000 reported a year ago. Profit attributable to owners of the company was HKD 7,914,000 or 0.9 cents per diluted share compared to HKD 77,209,000 or 8.5 cents per diluted share reported a year ago. Net cash inflow from operating activities was HKD 197,571,000 compared to HKD 297,476,000 reported a year ago.

Hung Hing Printing Group Ltd. to Report Fiscal Year 2014 Results on Mar 26, 2015

Hung Hing Printing Group Ltd. announced that they will report fiscal year 2014 results on Mar 26, 2015


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