FAST NEWS: Tat Hong Expects Full-year Profit To Be Halved

The latest: Tat Hong Equipment Service Co., Ltd. (2153.HK), a tower crane service provider, issued a profit warning on Friday, forecasting a 45% to 55% drop in net profit for the financial year ending March this year compared with the previous year. Looking up: The decline in the company’s earnings was not a result of a deterioration in the operating performance of the business, but rather the effect of accounting for the value of shares granted to counterparties in response to the contribution of senior management to the company. Take…

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ESG Finds Growing Place at the China Investment Table

Chinese institutional investors are increasingly considering environmental, social and governance factors when choosing where to place their money By Charles Qiu Corporate social responsibility (CSR) has become a relatively common concept among Chinese companies, mainly in relation to topics like poverty alleviation that have been on the government agenda for a while. Much newer to the country are environmental, social and governance (ESG) considerations, a more comprehensive concept that has gained greater attention in recent years due to growing interest from financial institutions.

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