Symphony Holdings Limited

Equities

1223

BMG5472K1898

Apparel & Accessories Retailers

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
0.8 ^HKD	0.00%		0.00%	-5.88%

Apr. 19	Adslot Amends Long-Standing Agreement With International Agency Group	MT
Apr. 03	EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up	AN

Symphony International to sell investments to realise value

September 25, 2023 at 12:16 pm EDT

Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Reports updated strategy following a review by the board. Explains Symphony's share price has, over an extended period of time, continued to trade at a material discount to its net asset value. Therefore, to maximise shareholder returns, decides to take proactive steps to realise investments and for the proceeds to be returned to shareholders. Such realisations and returns will occur over the medium term, company says. Stresses there is no intention to use proceeds from realisations for any new investments. Remains confident the company's investment manager, Symphony Asia Holdings Pte Ltd, remain incentivised to maximise shareholder returns during the realisation process.

Current stock price: USD0.48

12-month change: up 1.3%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SYMPHONY HOLDINGS LIMITED	0.8 HKD	0.00%	0.00%	304M
	SYMPHONY INTERNATIONAL HOLDINGS LIMITED	0.41 USD	-0.97%	+9.33%	210M

Latest news about Symphony Holdings Limited

Adslot Amends Long-Standing Agreement With International Agency Group	Apr. 19	MT
EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up	Apr. 03	AN
Symphony Life Completes Rights Issue of Warrants	Mar. 29	MT
Symphony Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 04 September 2024	Mar. 28	CI
Symphony Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Symphony Environmental Technologies looks to raise almost GBP2 million	Mar. 22	AN
AIM WINNERS & LOSERS: Trakm8 falls on profit warning	Mar. 22	AN
Symphony Environmental Technologies Completes Equity Raise to Boost Balance Sheet	Mar. 22	MT
Symphony Holdings Expects Wider Loss in 2023	Mar. 22	MT
Symphony Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2023	Mar. 22	CI
EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake	Mar. 20	AN
Earnings Flash (SIHL.L) SYMPHONY INTERNATIONAL HOLDINGS Reports FY23 Loss $-0.20	Mar. 20	MT
EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV	Mar. 14	AN
Symphony Environmental plastics given approval by EPA report	Mar. 13	AN
Nokia Books Order for Radio Access Network Systems from Rakuten Mobile	Feb. 27	MT
Japanese conductor Seiji Ozawa dies at 88	Feb. 09	RE
Apax opts against lifting offer; DCI enters loan deal	Feb. 09	AN
Symphony Environmental Technologies Still Confident in Global Market Prospects for d2w Plastics Amid EU Challenges	Feb. 09	MT
Japan's Seiji Ozawa, one of world's best-known conductors, dead at 88	Feb. 09	RE
EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement	Jan. 31	AN
EU Court Rules Against Symphony Environmental in Single-use Plastics Dispute; Shares Drop	Jan. 31	MT
AIM WINNERS & LOSERS: Pebble Beach rises as trades ahead of forecasts	Jan. 31	AN
Symphony Environmental shares jump as revenue edged higher	Jan. 18	AN
Top Midday Decliners	Dec. 27	MT
Bluejay Diagnostics Starts Clinical Study of Symphony IL-6 Test in Sepsis Patients; Shares Fall	Dec. 27	MT

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Company Profile

Symphony Holdings Ltd is an investment holding company principally engaged in the sports product retailing business. The Company operates through three business segments. The Retailing segment engages in the property investment and holding business, as well as management and operation of outlet malls and commercial premises in Xiamen, Shenyang, Anyang, Tianjin and Chongqing. The Branding segment operates the worldwide business of a compression sportswear brand 'SKINS' through a joint venture with ITOCHU Corporation and works together with Iconix International Inc, an America brand operator to operate 'PONY' in Asia Pacific (excluding China mainland and Taiwan region). This Segment is also engaged in the sourcing, manufacturing and trading of healthcare products in Hong Kong. The Financial Services segment engages in the provision of securities brokerage, margin financing, money lending, underwriting and placing of listed securities as well as financial consultancy services.

Sector

Apparel & Accessories Retailers

Calendar

2024-08-05 - Ex-dividend day for final dividend

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Sector Other Apparel & Accessories Retailers

	1st Jan change	Capi.
SYMPHONY HOLDINGS LIMITED	-5.88%	304M
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HENNES & MAURITZ AB	+1.89%	26.43B
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TAPESTRY, INC.	+8.80%	9.19B
THE GAP, INC.	+2.10%	7.97B
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