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Last $0.95 HKD
Change Today -0.05 / -5.00%
Volume 1.7M
1150 On Other Exchanges
Hong Kong
As of 4:01 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

milan station hldgs ltd (1150) Snapshot

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52 Week High
04/29/15 - $1.10
52 Week Low
02/13/15 - $0.50
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Current Stock Chart for MILAN STATION HLDGS LTD (1150)

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milan station hldgs ltd (1150) Details

Milan Station Holdings Limited, an investment holding company, is engaged in the trade, retail, and online sale of handbags, fashion accessories, and embellishments in Hong Kong, Mainland China, and Macau. It operates Milan Station and France Station retail shops that offer unused and second-hand handbags, clothing, shoes, watches, and other accessories. The company is also involved in the property holding activities. It operates 17 stores in Hong Kong, Mainland China, and Macau, as well as 1 discount outlet in Hong Kong. The company is headquartered in Kowloon Bay, Hong Kong. Milan Station Holdings Limited is a subsidiary of Perfect One Enterprises Limited.

150 Employees
Last Reported Date: 04/24/15

milan station hldgs ltd (1150) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: $852.0K
Compensation as of Fiscal Year 2013.

milan station hldgs ltd (1150) Key Developments

Milan Station Holdings Limited Announces Cessation of Wong Woon Yuk, Angela as Chief Operating Officer

The board of directors of Milan Station Holdings Limited announced that Ms. Wong Woon Yuk, Angela has ceased to be the Chief Operating Officer of the group with effect from April 24, 2015 after reaching a consensus between herself and the company. Wong has confirmed that she does not have any disagreement with the board and there are no matters in respect of her cessation from the above position that need to be brought to the attention of the shareholders of the company.

Milan Station Holdings Limited Reports Consolidated Cash Flow Results for the Year Ended December 31, 2014

Milan Station Holdings Limited reported consolidated cash flow results for the year ended December 31, 2014. For the year, the company reported net cash used in operating activities of HKD 4,610,000 compared to HKD 49,569,000 a year ago. Purchases of items of property, plant and equipment was HKD 12,605,000 compared to HKD 11,157,000 a year ago.

Milan Station Holdings Limited Enters into Agreement with Apex City Enterprises Limited for Disposal of Property

The Board of Milan Station Holdings Limited (vendor) announced that on 9 April 2015, the company entered into the agreement with Apex City Enterprises Limited (purchaser) for the disposal of Units 1, 2, 3, 4B, 6B and S01, 4th Floor, Tower 1, South Seas Centre, No. 75 Mody Road, Kowloon, Hong Kong at a total consideration of HKD 89.16 million. The vendor and the purchaser shall enter into the Formal Agreement on or before 29 May 2015. A consideration of HKD 89.16 million, which has been, or is to be, paid in the following manner: HKD 4,000,000 was paid upon the signing of the Agreement as deposit; HKD 4,916,000 shall be paid on or before 22 April 2015 as further deposit; and HKD 80,244,000 shall be paid upon completion of the Disposal on or before 29 May 2015 as the remaining balance of the consideration. The Property is located in the commercial area of Tsim Sha Tsui East of Kowloon, Hong Kong and is currently used as the head office of the group. The total saleable area of the Property is about 6,520 square feet. Based on the valuation report prepared by an independent valuer appointed by the company, the market value of the Property as at 31 December 2014 was HKD 89 million.


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