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socam development ltd (983) Details

SOCAM Development Limited, an investment holding company, engages in the property and construction businesses in the Chinese Mainland, Hong Kong, and Macau. It operates through Property, Construction and Building Maintenance, and Other segments. The company engages in property development and investment activities, including special situation projects and knowledge community projects, as well as private equity property fund activities. It also provides property asset management services, as well as manages a portfolio of property assets comprising commercial, retail, residential, and hotel projects. In addition, the company engages in the construction of public housings, as well as commercial, residential, and institutional buildings; interior fit-out and building renovation; and maintenance of building premises. Further, it is involved in venture capital investment; wholesale of construction materials; investment consultation; design and contracting; owning and leasing of plant and machinery; structural steel construction work; supply of ready mixed concrete; and trading of cement, as well as the provision of management, consultancy, project management consultancy, and investment consultation services. The company was formerly known as Shui On Construction and Materials Limited and changed its name to SOCAM Development Limited in September 2011. SOCAM Development Limited is headquartered in Hong Kong, Hong Kong.

1,740 Employees
Last Reported Date: 09/19/16

socam development ltd (983) Top Compensated Officers

Managing Director, Chief Financial Officer, E...
Total Annual Compensation: $4.6M
Executive Chairman, Chairman of Nomination Co...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

socam development ltd (983) Key Developments

SOCAM Development Limited Reports Un-Audited Consolidated Cash Flow Results for the Six Months Ended June 30, 2016

SOCAM Development Limited reported un-audited consolidated cash flow results for the six months ended June 30, 2016. For the period, the company reported net cash used in operating activities of HKD 536 million against HKD 114 million for the same period a year ago.

SOCAM Development Limited Appoints William Timothy Addison as Member of Finance Committee and Investment Committee

The board of directors of SOCAM Development Limited announced that Mr. William Timothy Addison, an independent non-executive director of the company, has been appointed as a member of the finance committee and the investment committee of the board with effect from 26 August 2016.

SOCAM Development Limited Reports Un-Audited Consolidated Earnings Results for the Six Months Ended June 30, 2016

SOCAM Development Limited reported un-audited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported turnover of HKD 3.4 billion compared to HKD 3.1 billion, loss before taxation of HKD 0.7 billion compared to HKD 0.3 billion, loss from continuing operations of HKD 0.7 billion compared to HKD 0.4 billion, loss attributable to owners of the company from continuing operations of HKD 0.71 billion compared to HKD 0.4 billion, loss attributable to owners of the company of HKD 0.71 billion or HKD 1.47 per basic and diluted share compared to HKD 0.6 billion or HKD 0.74 per basic and diluted share for the last year.

 

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