Heng Long

Heng Long

Postby winston » Thu Oct 02, 2008 2:24 pm

Not vested.

INTERVIEW-Prada supplier Heng Long aims for 20 pct FY growth

SINGAPORE, Oct 2 (Reuters) - Singapore-listed crocodile leather tanner Heng Long hopes to see 20 percent profit growth this year, helped by resilent demand at regular customers such as Prada and Testoni.

The firm, which processes raw crocodile and alligator hide into leather for handbags, watches and clothes, also said it plans to double production capacity within the next five years.

"We are working towards matching the first half (profit growth figure)," Heng Long director Koh Choon Heong told Reuters in an interview on Thursday.

Heng Long achieved a 19 percent rise in net profit to S$6 million ($4.2 million) in the six months ended June. Revenue during the period grew nearly 17 percent to S$36.1 million.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Heng Long

Postby winston » Mon Oct 10, 2011 10:13 am

not vested

Singapore Hot Stocks-Heng Long jumps after LVMH buys stake

SINGAPORE, Oct 10 (Reuters) - Shares of Singapore's Heng Long , which supplies crocodile leather jumped as much as 7.1 percent on Monday to a two-month high after luxury group LVMH said it would acquire control of the firm.

By 0117 GMT, shares of Heng Long were 6.3 percent higher at S$0.595 with 16.7 million shares traded versus average daily volume of 0.13 million over the past five days.

LVMH will pay S$0.60 for each Heng Long share, valuing the deal at 92 million euros ($123 million), the companies said.

[ID:nWEA6977] "This is a positive indication that the company's shares are worth at least S$0.60, and the deal with a big name like LVMH could bring more business for Heng Long," said a local dealer.

The tannery will be 51 percent-owned by LVMH and 49 percent-owned by the Koh family who runs the business.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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