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HONG KONG, Nov 9, 2023 - (ACN Newswire via SeaPRwire.com) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2023 ("FH 2023/24").Highlights- Revenue amounted to HK$191.7 million, a decrease of 96.1% from the last corresponding period.- Profit for the period was HK$111.1 million, representing a year-on-year decrease of 92.1%.- Declared payment of an interim dividend of 4.0 HK cents per share.- Strive to develop the two new data centres in Fanling.- Remain cautious in exploring potential development projects.The Group's consolidated revenue decreased by 96.1% from HK$4,920.1 million for the six months ended 30 September 2022 ("FH 2022/23") to HK$191.7 million for FH 2023/24. The Group recorded a net profit of HK$111.1 million for FH 2023/24, representing a decrease by 92.1% when compared to that of HK$1,410.2 million for FH 2022/23.  Basic earnings per share was 7.8 HK cents (FH2022/23: 99.3 HK cents). The Group's underlying profit for FH 2023/24, excluding the effect of the change in fair value of investment properties, amounted to HK$1.30 million, representing a decrease of 99.9% as compared to an underlying profit of HK$1,414.3 million for FH 2022/23. These are primarily due to a substantial decrease in the number of properties sold from the property development projects during the period under review.The Board declares to pay an interim dividend of 4.0 HK cents per share, payable on 20 December 2023 to shareholders whose names appear on the Company's register of members on 1 December 2023.The Group's first residential property development project "The Grand Marine" at Tsing Yi, the New Territories consisted of two residential towers with 776 residential units with total gross floor area of approximately 400,000 square feet. This project was well received by the market with over 94% of the units being sold.The Group's another development project in the pipeline, located at No. 45 Pau Chung Street in To Kwa Wan, Kowloon is named "The Grands". The site is redeveloped into a residential tower with 76 units and clubhouse facilities over two levels of shops covering a total gross floor area of approximately 31,000 square feet. The development has been completed and put up for pre-sale in June 2023. Approximately 56% of the units had been sold with contracted sales of approximately HK$210 million being achieved. Handover of the pre-sold units had commenced in October 2023 after the development was granted occupation permit in August 2023.For the site at No.1 Luen Fat Street, Fanling, the New Territories, the Group plans to develop into a residential-cum-retail complex with a total gross floor area of approximately 36,000 square feet. Foundation works is now completed and the project is target to be completed in mid-2025. The site in North Point, Hong Kong, comprising a building at No. 66 Fort Street and a vacant land at No. 57 Kin Wah Street, was acquired by the Group in February 2023 and covers a site area of approximately 3,240 square feet with a developable gross floor area of approximately 30,000 square feet. It is planned to be redeveloped into a residential-cum-commercial project with target completion by 2027. Hoarding works for demolishing the existing building at Fort Street is underway.The Group's luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. As of September 2023, 15 units out of the total 18 units had been sold.The Group expands into Mainland China via acquiring its first land parcel through government public auction which is located at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province in July 2021. It is planned to be developed into a luxury residential project under the theme of leisure and healthy lifestyle, comprising high-rise apartment units, villas, retail shops and a wellness centre. Target customers will include elderlies and retirees and their families. The estimated gross floor area of the proposed development is approximately 1,100,000 square feet. Basement and earthwork excavation is now underway.The data centre leasing business maintains healthy growth. The Group currently owns two data centres, namely iTech Tower 1 and iTech Tower 2. Revenue from its leasing business recorded an increase of 17% year-on-year to HK$133.2 million. This was mainly driven by the increasing utilisation of data centre spaces by the customers. The two greenfield sites at No. 3 On Kui Street and No. 8 On Chuen Street in Fanling, the New Territories are being developed into two new high-tier data centres for leasing purposes, with a gross floor area of approximately 185,700 square feet in aggregate. The change of land use through land exchange for both sites have been completed in June 2023 with the land premium involved being fully settled.  Superstructure works at No.3 On Kiu Street and foundation works at No.8 On Chuen Street is currently in progress. The development is scheduled to be completed in mid- 2025 and mid-2026 respectively.For construction business, construction revenue derived from external customers amounted to HK$35.7 million, representing an increase of 20.1% as compared to that of FH 2022/23. As at 30 September 2023, the Group possessed contracts (inclusive of external customers and the Group's companies) with an aggregate value of approximately HK$2.1 billion.Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, "The global and Hong Kong economic situation is expected to continue to present considerable turbulence. Notwithstanding the reopening of Hong Kong's border with the Mainland of China earlier this year and the lifting of outbreak control measures, the interest rate hiking environment, global inflation, geopolitical tensions and concerns over the economic growth of the Mainland of China have casted a shadow over Hong Kong's economic recovery. In such unfavourable market sentiments, we have succeeded in launching the sale of The Grands with a promising market response. We are committed to the sale of the remaining units in The Grands, as well as The Grand Marine and Cristallo. In the data centre business, we remain committed to providing reliable service and support to our customers. In addition, the Group has worked effortlessly to develop two new high-end data centres in Fanling to ensure that the two data centres will be completed and delivered on schedule. In the face of continued uncertainties and challenges, we will focus on strengthening our business operations and managing the Group's financial position. At the same time, we will remain prudent in exploring potential development projects that can bring sustainable growth to the Group."About Grand Ming Group Holdings Limited (Stock code: 1271.HK)The Group is principally engaged in the business of property development and property leasing, as well as building construction. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group owns two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group's property development projects for sale include "The Grand Marine" at No.18 Sai Shan Road, Tsing Yi, "The Grands" at No. 45 Pau Chung Street, To Kwa Wan and "Cristallo" at No. 279 Prince's Edward Road West. Besides, property development in progress includes a site located at No.1 Luen Fat Street, Fanling and a site located at No. 66 Fort Street and No. 57 Kin Wah Street, North Point. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province for development into a luxury residential project under the theme of leisure and healthy lifestyle.  Media Contacts:Angel YeungJovian Communications LtdEmail: news@joviancomm.com Copyright 2023 ACN Newswire via SeaPRwire.com.

NEW DELHI, Nov 9, 2023 - (ACN Newswire via SeaPRwire.com) - There has been growing anticipation surrounding Trescon's Digital Acceleration & Transformation Expo (DATE) as Shri Rajeev Chandrashekhar, Hon’ble Minister of State for Electronics and Information Technology, has confirmed his participation at the event. Set against the backdrop of India's thriving tech revolution, the event will take place on 23-24 November 2023 at the newly inaugurated Yashobhoomi (IICC Dwarka). It is gearing up to become a groundbreaking moment in India's technological evolution, inspired by our Hon’ble Prime Minister Narendra Modi.DATE is not just another tech event; it's a visionary platform aimed at shaping the future. It converges government bodies, enterprises, tech corporations, startups, and global investors. Featuring a unique framework with ten power-packed streams spread across three dedicated conference stages for insightful discussions, and multiple exhibition zones dedicated to technological innovations, DATE provides an actionable perspective into both contemporary and forthcoming tech trends."At DATE, we're not just organizing an event; we're nurturing India's tech aspirations," said Mohammed Saleem, Founder and Chairperson of Trescon. "It forges a space where expertise, innovation, and endless potential converge to script a new chapter in our technological narrative."As India's digital economy is slated to reach US$ 1 trillion, emerging technology is becoming the bedrock for India's economic vision.  This transformation is not just about economic growth; it's a pivotal enabler of improved governance across the nation. These transformative technologies are redefining how industries operate by optimizing operations, enhancing efficiencies, and unlocking a world of new possibilities for the country. In this digital age, India's forward-looking approach is propelling it to shape a connected and prosperous society.Naveen Bharadwaj, Group CEO of Trescon, expressed, "We are elated to welcome Hon’ble Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, at DATE India 2023. We look forward to gaining insights about his vision and initiatives that are driving the next era of innovation and transformation."With the event rapidly approaching, boasting an impressive line-up of over 100+ global speakers, 3,000+ attendees, and the participation of over 500+ discerning investors, DATE is positioned to become a key driver in India's digital transformation journey. The event will also be graced by the presence of Hon’ble Finance Minister Nirmala Sitharaman, further underscoring its role as a catalyst for shaping India's technological destiny.About TresconTrescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership.Our summits, expos, and conferences create real economic impact by connecting and empowering the key ecosystem of government organisations, regulators, enterprises, corporates and more. With the help of our 250+ employees across offices in 6 countries, several of our clients have quadrupled their leads, shortened sales cycles by half or less, entered markets three times faster, closed deals within unimaginable timelines and grown their businesses ultimately. For more information about Trescon visit: www.tresconglobal.com.For further details about the announcement, please contact:Nupur AswaniHead – Media, PR and Corporate Communications, Trescon+91 95559 15156 | media@tresconglobal.com Copyright 2023 ACN Newswire via SeaPRwire.com.

香港, 2023年11月9日 - (亚太商讯 via SeaPRwire.com) - 佳明集团控股有限公司（「公司」，连同其附属公司合称「集团」，股份代号：1271.HK）今天公布截至2023年9月30日止六个月（「2023/24上半年」）之中期业绩。摘要-- 期内录得总收益1.917亿港元，较去年同期下跌96.1%-- 期内录得溢利1.111亿港元，较去年同期下跌92.1%-- 宣布派发中期股息每股4.0港仙-- 积极发展粉岭两个新的数据中心。-- 持谨慎态度寻求具潜力的房地产开发项目。2023/24上半年综合收益由截至2022年9月30日止六个月（“2022/23上半年”）的49.201亿港元下跌96.1%至1.917亿港元。集团2023/24上半年录得净溢利1.111亿港元，与2022/23上半年14.102亿港元相比下跌92.1%。每股基本盈利为7.8港仙（2022/23上半年：99.3港仙）。撇除投资物业的公平值变动，集团2023/24上半年之基础溢利为130万港元，较2022/23上半年基础溢利约14.143亿港元下跌99.9%。收益与溢利减少主要由于回顾期内从物业发展项目售出的物业数量大幅减少。董事会现宣布将于2023年12月20日派发中期股息每股4.0港仙予2023年12月1日名列公司股东名册的股东。集团首个物业发展项目「明翘汇」位处新界青衣，包括两幢住宅大厦，提供776个住宅单位，总楼面面积约400,000平方呎。此项目市场反应热烈，已售出逾94%之单位。集团另一个发展项目名为「明隽」，位于九龙土瓜湾炮仗街45号。地盘已重建为一幢住宅大楼，提供76个单位和会所设施，地下及一楼设有零售商铺，总楼面面积约为31,000平方呎。此项目经已竣工，并于2023年6月推出预售，目前已售出约56%的单位，合约销售金额约2.1亿港元。项目在2023年8月取得入住许可证，并于2023年10月开始交付预售单位予买家。集团拟将位于新界粉岭联发街1号的地块发展成总楼面面积约36,000平方呎的住宅及商业项目。地基工程现已完成，项目计划于2025年年中落成。集团于2023年2月收购位于香港北角之地盘包括堡垒街66号一幢大厦及建华街57号一幅空置土地，地盘面积约3,240平方呎，可发展总楼面面积约30,000平方呎。此地盘将重建为住宅兼商业项目，预计于2027年完成。现正进行拆卸堡垒街66号现有建筑物之围板工程。集团位于九龙太子道西279号的高档物业发展项目「明寓」亦销售非常理想。截至2023年9月项目18个单位中已售出15个。集团展开中国内地的发展，于2021年7月透过政府公开拍卖获得其在中国内地第一幅地块。该地块位于广西省南宁市武鸣区内广西─东盟经济技术开发区，计划发展为以休闲和健康生活为主题的高档住宅项目，包括高层住宅单位、别墅、零售商店及康养中心，目标客户将包括银龄和退休人士以及其家属。预计总楼面面积约为1,100,000平方呎。地下室及土方工程挖掘工作正在进行中。数据中心租赁业务业务保持健康增长。集团现时拥有iTechTower1及iTechTower2两座数据中心。来自此租赁业务的收益增加17%至1.332亿港元，增长主要由客户在数据中心空间的使用率上升带动。此外，集团执行了扩建数据中心版图的计划，于两幅分别位于新界粉岭安居街3号及安全街8号的土地上发展两座高端数据中心，楼面面积合计约185,700平方呎。转换两幅地块用途的换地程序已于2023年6月完成。安居街3号的上盖工程现正进行中，安全街8号的地基工程亦已展开，项目预计分别于2025年中及2026年中完成。建筑业务方面，源自外部客户的建筑收益为3,570万港元，较2022/23上半年增加20.1%。于2023年9月30日，集团持有之合约(包括外部客户及集团公司)总价值约21亿港元。佳明集团控股主席兼执行董事陈孔明先生总结：「全球和香港的经济形势预计将继续大幅震荡。尽管香港与中国内地的边境已于今年年初重开，疫症控制措施亦已撤销，但加息环境、全球通胀、地缘政治紧张，以及对中国内地经济增长的忧虑，均为香港的经济复苏蒙上阴影。在这种不利的市场情绪下，我们仍推售「明隽」项目，市场反应良好。我们会竭力推售「明隽」、「明翘汇」和「明寓」余下的单位。在数据中心业务方面，我们会继续致力为客户提供可靠的服务和支持。此外，集团为开发粉岭两个新高端数据中心不遗余力，确保两个数据中心如期完工并可交付使用。面对持续的不确定性和挑战，我们将集中精力加强营运及集团的财务。与此同时，我们将继续审慎探索可为集团带来可持续增长的潜在发展项目。」有关佳明集团控股有限公司（股份代号：1271.HK）佳明集团控股主要从事物业发展及物业租赁、楼宇建筑业务。作为本地高端数据中心批发主机代管供货商，集团现时是香港拥有及使用整幢大楼出租予客户作数据中心用途的服务供货商之一，客户包括跨国数据中心营运商、国际电讯公司及金融机构。集团现拥有两座高端数据中心 (即iTechTower1和iTechTower2)，亦收购了两幅位于新界粉岭的地皮，现正发展成两座新高端数据中心。此外，集团正销售的发展项目包括青衣细山路18号「明翘汇」、九龙土瓜湾炮仗街45号「明隽」及太子道西279号「明寓」。发展中的地产项目包括粉岭联发街1号以及北角堡垒街66号和建华街57号之地盘。在中国内地，集团拥有一幅位于广西省南宁市武鸣区内广西─东盟经济技术开发区之土地，拟发展为以休闲和健康生活为主题的高档住宅项目。传媒联系：杨莹莹溢星传播电邮：news@joviancomm.com Copyright 2023 亚太商讯 via SeaPRwire.com.