Build King : Announcement of Interim Results for six months ended 30 June 2020

August 18, 2020 at 09:11 am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

BUILD KING HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 00240)

ANNOUNCEMENT OF INTERIM RESULTS

FOR SIX MONTHS ENDED 30 JUNE 2020

FINANCIAL PERFORMANCE HIGHLIGHTS
Percentage of increase in equity** per share		12%
Equity	HK$1,323 million
Equity per share	HK$1.07
Group revenue	HK$3,719	million
Profit attributable to owners of the Company	HK$209	million

equity refers to equity attributable to owners of the Company

RESULTS

The board of directors (the "Board") of Build King Holdings Limited (the "Company") announces the unaudited interim results of the Company and its subsidiaries (the "Group") for the six months ended

30 June 2020 together with the comparative figures for the last corresponding period as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2020
			Six months ended 30 June
	Notes	2020		2019
			(Unaudited)	(Unaudited)
			HK$'000	HK$'000
Revenue from services	3	3,719,131		3,569,361
Cost of sales		(3,303,947)	(3,215,930)
		__________		__________
Gross profit		415,184		353,431
Investments and other income	5	18,931		21,140
(Decrease) increase in fair value of financial assets at
fair value through profit or loss ("FVTPL")		(14,600)	4,031
Administrative expenses		(185,936)	(163,795)
Finance costs	6	(9,555)	(9,183)
Share of results of joint ventures		(1,574)	369
Share of results of associates		(878)	(1,736)
		__________		__________
Profit before tax	7	221,572		204,257
Income tax expense	8	(13,185)	(45,205)
		__________		__________
Profit for the period		208,387		159,052
Profit for the period attributable to:


Owners of the Company		209,130		164,040
Non-controlling interests		(743)	(4,988)
		__________		__________
		208,387		159,052


			HK cents	HK cents
Earnings per share	9
- Basic		16.8		13.2

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2020

Six months ended 30 June

2020 2019 (Unaudited) (Unaudited)

HK$'000 HK$'000

Profit for the period

Other comprehensive expense

Items that may be reclassified subsequently to profit or loss: Exchange differences arising on translation

of foreign operations

Share of reserves of joint ventures

Total comprehensive income for the period

Total comprehensive income for the period attributable to: Owners of the Company

Non-controlling interests

208,387	159,052
__________	__________

(5,268) (238)

(112)
__________ __________

202,852 158,702

204,128		163,695
(1,276)	(4,993)
__________		__________
202,852		158,702

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2020

			30 June	31 December
	Notes	2020	2019
			(Unaudited)		(Audited)
			HK$'000		HK$'000
Non-current assets
Property, plant and equipment		317,199	195,275
Right-of-use assets		20,286	30,036
Intangible assets		105,332	108,293
Goodwill		30,554	30,554
Interests in joint ventures		163,003	151,003
Interests in associates		4,325	5,663
Other financial asset at amortised cost		34,447	36,144
Debtors, deposits and prepayments		57,960	55,875
		__________	__________
		733,106	612,843
		__________	__________
Current assets
Inventories		33,859	33,452
Debtors, deposits and prepayments	11	617,360	414,909
Contract assets	12	1,528,616	2,135,584
Amounts due from associates		7,608	8,050
Amounts due from other partners of joint operations		43,596	176,910
Financial assets at FVTPL		191,688	56,555
Tax recoverable		24,692	2,295
Pledged bank deposits		64,678	64,170
Time deposits with original maturity of not less than
three months		284		76,782
Bank balances and cash		1,535,206	1,687,720
		__________		__________
		4,047,587	4,656,427
		__________		__________
Current liabilities
Creditors and accrued charges	13	2,194,099	2,661,608
Contract liabilities		813,934	779,716
Lease liabilities		14,543	20,839
Amount due to an intermediate holding company		16,211	15,652
Amounts due to fellow subsidiaries		348		7,070
Amount due to a joint venture		-		1,142
Amounts due to other partners of joint operations		6,405	2,152
Amounts due to non-controlling interests		3,094	3,094
Amount due to an associate		19,896		18,791
Tax payable		54,453		174,922
Bank loans - due within one year		250,843		238,781
Bonds		41,948		115,829
		__________		__________
		3,415,774		4,039,596
		__________		__________
Net current assets		631,813		616,831
		__________		__________
Total assets less current liabilities		1,364,919		1,229,674

Capital and reserves

Ordinary share capital

Reserves

Equity attributable to owners of the Company Non-controlling interests

Total equity

Non-current liabilities

Deferred tax liabilities

Obligations in excess of interests in joint ventures Obligations in excess of interests in associates Amount due to an associate

Lease liabilities

Bonds

30 June 31 December

2020 2019 (Unaudited) (Audited)

HK$'000 HK$'000

124,188	124,188
1,198,615	1,054,097
__________	__________
1,322,803	1,178,285
5,373	6,649
__________	__________
1,328,176	1,184,934
__________	__________

5,750	5,750
110	27
13,693	14,153
1,933	2,712
4,311	8,189
10,946		13,909
__________		__________
36,743		44,740
__________		__________
1,364,919		1,229,674

Notes:

BASIS OF PREPARATION OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") as well as with the applicable disclosure requirements of Appendix 16 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
PRINCIPAL ACCOUNTING POLICIES
The condensed consolidated financial statements have been prepared on the historical cost basis except for certain financial instruments, which are measured at fair values.
Other than changes in accounting policies resulting from application of new and amendments to Hong Kong Financial Reporting Standards ("HKFRSs"), the accounting policies and methods of computation used in the condensed consolidated financial statements for the six months ended 30 June 2020 are the same as those presented in the Group's annual financial statements for the year ended 31 December 2019.

Application of amendments to HKFRSs

In the current interim period, the Group has applied the Amendments to References to the Conceptual Framework in HKFRS Standards and the following amendments to HKFRSs issued by the HKICPA, for the first time, which are mandatorily effective for the annual period beginning on or after 1 January 2020 for the preparation of the Group's condensed consolidated financial statements:

Amendments to HKAS 1	Definition of Material
and HKAS 8
Amendments to HKFRS 3	Definition of a Business
Amendments to HKFRS 9,	Interest Rate Benchmark Reform
HKAS 39 and HKFRS 7

Except as described below, the application of the Amendments to References to the Conceptual Framework in HKFRS Standards and the amendments to HKFRSs in the current period has had no material impact on the Group's financial positions and performance for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements.

2.1 Impacts of application on Amendments to HKAS 1 and HKAS 8 "Definition of Material"

The amendments provide a new definition of material that states "information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements, which provide financial information about a specific reporting entity" . The amendments also clarify that materiality depends on the nature or magnitude of information, either individually or in combination with other information, in the context of the financial statements taken as a whole.

The application of the amendments in the current period had no impact on the condensed consolidated financial statements. Changes in presentation and disclosures on the application of the amendments, if any, will be reflected on the consolidated financial statements for the year ending 31 December 2020.

3.	REVENUE FROM SERVICES
	Disaggregation of revenue
		Six months ended
		30 June 2020
		Hong Kong	PRC
		HK$'000	HK$'000
	Type of services
	Construction services	3,697,531		-
	Sewage treatment plant operation	-	13,367
	Steam fuel plant operation	-	8,233
		_________		_______
	Revenue from contracts with customers	3,697,531		21,600
	Timing of revenue recognition


	Over time	3,697,531		21,600


		Six months ended
		30 June 2019
		Hong Kong	PRC
		HK$'000	HK$'000
	Type of services
	Construction services	3,557,893		-
	Sewage treatment plant operation	-	11,468
		_________		_______
	Revenue from contracts with customers	3,557,893	11,468
	Timing of revenue recognition


	Over time	3,557,893		11,468

4. SEGMENTAL INFORMATION

The Group is mainly engaged in civil engineering work. Information reported to the Company's chief operating decision maker (i.e. the executive directors) for the purposes of resource allocation and assessment of performance is focused on geographical location of its customers including Hong Kong, the People's Republic of China (the "PRC") and the Middle East. The Group's reportable segments under HKFRS 8 are as follows:

Six months ended 30 June 2020

						Middle
	Hong Kong	The PRC	East		Total
		HK$'000 HK$'000 HK$'000		HK$'000
Results
Segment revenue	3,697,531	21,600		-		3,719,131
Segment profit (loss)

250,291	(2,107)	(425)	247,759
Unallocated expenses							(2,220)


Investments income							2,640
Decrease in fair value of financial assets
at FVTPL							(14,600)
Share of results of joint ventures							(1,574)
Share of results of associates							(878)
Finance costs							(9,555)
							________
Profit before tax							221,572
Other segment information:


Six months ended 30 June 2020
						Middle
	Hong Kong	The PRC	East		Total
		HK$'000 HK$'000 HK$'000		HK$'000
Amounts included in the measure of
segment profit or loss:
Gain on disposal of property, plant
and equipment	285	-		-		285

Six months ended 30 June 2019
						Middle
	Hong Kong	The PRC		East		Total
		HK$'000 HK$'000	HK$'000		HK$'000
Results
Segment revenue	3,557,893	11,468	-		3,569,361

Segment profit (loss)	209,057	1,437	(369)	210,125
Unallocated expenses							(1,989)

Investments income							2,640
Increase in fair value of financial assets
at FVTPL							4,031
Share of results of joint ventures							369
Share of results of associates							(1,736)
Finance costs							(9,183)
							________
Profit before tax							204,257
Other segment information:


Six months ended 30 June 2019
						Middle
	Hong Kong	The PRC		East		Total
		HK$'000 HK$'000	HK$'000		HK$'000
Amounts included in the measure of
segment profit or loss:
Loss on disposal of property, plant
and equipment	2,602	-	-		2,602

There are no inter-segment sales for both periods.

All of the segment revenue reported above is from external customers.

Segment profit (loss) represents the profit earned (loss incurred) by each segment without allocation of dividends from financial assets at FVTPL, change in fair value of financial assets at FVTPL, share of results of joint ventures and associates, finance costs and unallocated expenses.

5. INVESTMENTS AND OTHER INCOME

Six months ended 30 June

2020 2019 HK$'000 HK$'000

	Investments and other income include:
	Dividends from financial assets at FVTPL	2,640	2,640
	Interest on bank deposits	6,597	5,970
	Interest on other receivables	3,447	85
	Interest on other financial asset at amortised cost	454		496
	Interest on financial assets at FVTPL	923		-
	Interest on loans to a joint venture	-		1,576
	Gain on disposal of property, plant and equipment	285		-
	PRC Value-Added Tax refund	-		851
	Bargain purchase gain on acquisition of a subsidiary	-		368
6.	FINANCE COSTS


		Six months ended 30 June
		2020	2019
		HK$'000	HK$'000

Interests on: Bank borrowings Bonds

Lease liabilities

Imputed interest expense on non-currentinterest-free amount due to an associate

7. PROFIT BEFORE TAX

6,228 3,884

2,900 4,770

101 217

326 312

__________ __________

9,555 9,183

Six months ended 30 June

2020 2019 HK$'000 HK$'000

Profit before tax has been arrived at after charging:
Amortisation of intangible assets	1,523	692
Depreciation of right-of-use assets	12,428	8,912
Depreciation of property, plant and equipment	25,434	86,529
Impairment loss recognised on amount due from
other partner of a joint operation	7,010	-
Loss on disposal of property, plant and equipment	-		2,602

8.	INCOME TAX EXPENSE
			Six months ended 30 June
		2020		2019
			HK$'000		HK$'000
	Current tax:
	Hong Kong	13,454		45,207
		__________		__________
	(Overprovision) underprovision in prior years:
	Hong Kong	(269)	(40)
	The PRC	-		38
		__________		__________
		(269)	(2)
		__________		__________
		13,185		45,205

Hong Kong Profits Tax is recognised based on management's best estimate of the weighted average annual income tax rate expected for the full financial year. The estimated weighted average annual tax rate used is 16.5% (six months ended 30 June 2019: 16.5%) for the six months ended 30 June 2020.

Under the Law of the PRC on Enterprise Income Tax (the "EIT Law") and Implementation Regulation of the EIT Law, the tax rate for the PRC subsidiaries is 25% for both periods.

9. EARNINGS PER SHARE

The calculation of the basic earnings per share attributable to the owners of the Company is based on the following data:

Six months ended 30 June

2020 2019 HK$'000 HK$'000

Profit for the period attributable to the owners of the Company
and earnings for the purpose of basic earnings per share	209,130	164,040

Number of shares

'000 '000

Weighted average number of ordinary shares for the
purpose of basic earnings per share	1,241,878	1,241,878

The Company has no potential ordinary shares outstanding during both periods.

10. DIVIDEND

Six months ended 30 June

2020 2019 HK$'000 HK$'000

Dividend paid and recognised as distribution during

the period:
2019 final dividend - HK4.8 cents per share
(six months ended 30 June 2019: 2018 final dividend
- HK4.4 cents per share)	59,610	54,643

11. DEBTORS, DEPOSITS AND PREPAYMENTS

The following is an aged analysis of trade receivables presented based on the invoice date at the end of the reporting period:

	30 June	31 December
	2020	2019
	HK$'000		HK$'000
Trade receivables from contracts with customers
analysed by age:
0 to 60 days	461,625	217,112
61 to 90 days	-	-
Over 90 days	17,094	22,394
	________	________
	478,719	239,506
Bills receivables	2,872	20,733
Other debtors, deposits and prepayments	135,769	154,670
	________	________
	617,360	414,909

The Group allows an average credit period of 60 days to its trade customers.

Bills receivables of the Group normally mature within 90 days from the bills receipt date.

As part of the internal credit risk management, the Group applies internal credit rating for its customers in relation to construction contracts. The exposure to credit risk and expected credit losses ("ECL") for trade receivables are assessed individually as at 30 June 2020. After the assessment of the Group, the impairment allowance on trade receivables is insignificant to the Group for the current interim period.

12. CONTRACT ASSETS

Analysed as current:

Unbilled revenue of construction contracts (note (a)) Retention receivables of construction contracts (note (b))

Retention receivables of construction contracts Due within one year

Due more than one year

Notes:

30 June	31 December
2020		2019
HK$'000		HK$'000
1,007,378		1,573,075
521,238		562,509
________		________
1,528,616		2,135,584


104,953		194,721
416,285		367,788
________		________
521,238		562,509

Unbilled revenue included in contract assets represents the Group's right to receive consideration for work completed and not yet billed because the rights are conditional upon the satisfaction by the customers on the construction work completed by the Group and the work is pending for the certification by the customers. The contract assets are transferred to the trade receivables when the rights become unconditional, which is typically at the time the Group obtains the certification of the completed construction work from the customers.
Retention receivables included in contract assets represents the Group's right to receive consideration for work performed and not yet billed because the rights are conditional on the satisfaction of the service quality by the customers over a certain period as stipulated in the contracts. The contract assets are transferred to the trade receivables when the rights become unconditional, which is typically at the expiry date of the period for the provision of assurance by the Group on the service quality of the construction work performed by the Group.

As part of the internal credit risk management, the Group applies internal credit rating for its customers in relation to construction contracts. The exposure to credit risk and ECL for contract assets are assessed individually as at 30 June 2020. After the assessment of the Group, the impairment allowance on contract assets is insignificant to the Group for the current interim period.

13. CREDITORS AND ACCRUED CHARGES

The following is an aged analysis of trade payables presented based on invoice date at the end of the reporting period:

Trade creditors analysed by age: 0 to 60 days

61 to 90 days Over 90 days

Retention payables Accrued project costs

Other creditors and accrued charges

Retention payables: Repayable within one year Repayable more than one year

30 June	31 December
2020	2019
HK$'000		HK$'000
101,629	226,538
3,713	95,433
23,553	65,358
________	________
128,895	387,329
441,406	434,822
1,584,502	1,751,318
39,296	88,139
________	________
2,194,099	2,661,608


128,912	154,626
312,494	280,196
________	________
441,406	434,822

For retention payables in respect of construction contracts, the due dates are usually one year after the completion of the construction work.

INTERIM DIVIDEND

The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2020.

MANAGEMENT DISCUSSION AND ANALYSIS

BUSINESS REVIEW AND PROSPECTS

Operating Results

While the pandemic scourged the globe, we were fortunate in Hong Kong and managed to keep our construction activities running without significant adverse impact. At the early stage of the outbreak of the pandemic in January 2020, we encountered logistic problems in construction materials and procurement of sanitizing supplies and tools. However, the problems were solved quickly and the disruption was contained to the least extent. Amid this unprecedented crisis, we are pleased to report that for the six months ended 30 June 2020, the Group recorded an increase in turnover of 4% from HK$3,569 million reported in the corresponding period of 2019 to HK$3,719 million. Coupled with efforts in close monitoring of on-going projects and satisfactory settlement of some major projects, the gross profit margin increased from 9.9% to 11.2%, equivalent to an increase of HK$62 million. After deducting expanded overhead, the after-tax profit increased by HK$49 million from HK$159 million to HK$208 million.

As anticipated, sizable tenders of civil engineering projects are scarce, but in building sector the tendering results are encouraging. Since the publishing of 2019 Annual Report, the Group has won eight projects of total contract sum of HK$12 billion. Of these new projects, four projects are civil engineering of total contract sum of HK$2 billion and four are building projects of total contract sum of HK$10 billion, including Extension Works of United Christian Hospital of HK$9 billion in joint venture with a Korean contractor, building of a logistic centre of HK$5 billion at Chek Lap Kok in joint venture with a local building contractor. At the date of this announcement, the outstanding works was increased to HK$28 billion, an order book sufficient for turnover of coming three years.

The current projects were progressing well as planned. A few projects, including Diamond Hill Station of Shatin Central Line, were satisfactorily completed and final accounts agreed with the clients. Several projects, including Tuen Mun - Chek Lap Kok Link Northern Toll Plaza, the residential development work at Au Tau, and the joint venture project of design and build of Kowloon East Headquarters Police Station, were also completed on time and being handed over to the clients.

Our investment in PRC environmental infrastructure projects had significant progress.

For the sewage treatment plant in Wuxi, the current operation run smoothly and the upgrading works will be completed within its budget of HK$106 million in the third quarter of this year. Upon completion, the sewage treatment fee will then be increased by 80% and its profit contribution to the Group will increase significantly in future.

For the centralized provision of steam to factories in industrial parks, two steam plants, one in Gao Tai County and another in Yumen City, both in Gansu Province, started trial operation in late 2019 but its resumption of works after Chinese New Year was delayed to April 2020 due to the pandemic. They are picking up its production volume and we expect each of them will reach 80% of the total design capacity of 50 tonnes per hour by end of 2020. In the past six months, we committed to further invest HK$220 million in building four steam plants of similar capacity of 50 tonnes per hour in Gansu Province and Hubei Province. We expect the construction of these new plants will be completed progressively in 2021 and start to contribute meaningful profit to the Group in 2022.

Employees and Remuneration Policies

At 30 June 2020, the Group had a total of 2,615 employees and total remuneration for the six months ended 30 June 2020 was approximately HK$590 million. Competitive remuneration packages are structured for each employee commensurate with individual responsibility, qualifications, experience and performance. In addition, discretionary bonuses may be paid depending upon the financial performance of the Group as well as that of the individual.

FINANCIAL REVIEW

Liquidity and Financial Resources

At 30 June 2020, the Group had liquid assets of HK$1,727 million (at 31 December 2019: HK$1,822 million) comprising financial assets at FVTPL of HK$192 million (at 31 December 2019: HK$57 million), time deposits with original maturity of not less than three months of HK$284,000 (at 31 December 2019: HK$77 million) and bank balances and cash of HK$1,535 million (at 31 December 2019: HK$1,688 million).

At 30 June 2020, the Group had a total of interest bearing borrowings of HK$304 million (at 31 December 2019: HK$369 million) comprising bank loans of HK$251 million (at 31 December 2019: HK$239 million) and the Bonds of HK$53 million (at 31 December 2019: HK$130 million) with following maturity profile:

	At 30 June	At 31 December
	2020	2019
	HK$ million		HK$ million
Within one year	195	250
In the second year	81	119
In the third to fifth year inclusive	28	-

	304	369

The Group's borrowings, bank balances and cash and financial assets at FVTPL were principally denominated in Hong Kong dollars. Hence, there is no exposure to foreign exchange rate fluctuations. During the period, the Group had no financial instrument for hedging purpose. At 30 June 2020, total borrowings of HK$116 million (at 31 December 2019: HK$130 million) carried interest at fixed rate.

Capital Structure and Gearing

At 30 June 2020, total equity was HK$1,328 million (at 31 December 2019: HK$1,185 million)

comprising ordinary share capital of HK$124 million (at 31 December 2019: HK$124 million),

reserves of HK$1,199 million (at 31 December 2019: HK$1,054 million) and non-controlling

interests of HK$5 million (at 31 December 2019: HK$7 million).

At 30 June 2020, the gearing ratio, representing total interest bearing borrowings as a percentage of total equity, was 23% (at 31 December 2019: 31%).

Pledge of Assets

At 30 June 2020, bank deposits of the Group amounting to HK$65 million (at 31 December 2019: HK$64 million) were pledged to banks for securing the banking facilities granted to the Group.

CORPORATE GOVERNANCE CODE

The Company has complied with the code provisions of Corporate Governance Code set out in Appendix 14 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") throughout the six months ended 30 June 2020, except for code provision A.2.1 in respect of the separate roles of the chairman and chief executive officer.

Mr. Zen Wei Peu, Derek has been both the Chairman and Chief Executive Officer of the Company. In addition to his responsibilities as Chairman overseeing the function of the Board and formulating overall strategies and polices of the Company, Mr. Zen has taken up the management of the Group's business and overall operation. However, the day-to-day running of the Company has been delegated to the divisional heads responsible for the different aspects of the business.

The Board considers that this structure will not impair the balance of power and authority between the board and the management of the business of the Group given that there are a strong and independent non-executive directorship element on the Board and a clear division of responsibility in running the business of the Group. The Board believes that the structure outlined above is beneficial to the Company and its business.

DIRECTORS' SECURITIES TRANSACTIONS

The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers (the "Model Code") set out in Appendix 10 of the Listing Rules as its own code of conduct regarding Directors' Securities Transactions. All directors of the Company have confirmed, following specific enquiry, that they have complied with the Model Code throughout the six months ended 30 June 2020.

PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES

Neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company's listed securities for the six months ended 30 June 2020.

AUDIT COMMITTEE

The Audit Committee has reviewed with the management, internal auditor and external auditor the accounting policies adopted by the Group and the unaudited interim financial information for the six months ended 30 June 2020.

PUBLICATION OF THE INTERIM RESULTS AND INTERIM REPORT

This announcement is published on the Company's website (www.buildking.hk) and the Stock Exchange's website (www.hkexnews.hk). The Interim Report 2020 containing all the information required by the Listing Rules will be published on the websites of the Company and the Stock Exchange, and despatched to the shareholders of the Company in due course.

APPRECIATION

I would like to take this opportunity to express my hearty gratitude to our shareholders, our business partners, directors and loyal and dedicated colleagues.

By Order of the Board

Build King Holdings Limited

Zen Wei Peu, Derek

Chairman

Hong Kong, 18 August 2020

As at the date hereof, the Board comprises two executive Directors, namely Mr. Zen Wei Peu, Derek and Mr. Chang Kam Chuen, Desmond, two non-executive Directors, namely Mr. David Howard Gem and Mr. Chan Chi Hung, Anthony, and four independent non-executive Directors, namely Mr. Ho Tai Wai, David, Mrs. Ling Lee Ching Man, Eleanor, Mr. Lo Yiu Ching, Dantes and Ms. Ng Cheuk Hei, Shirley.

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Build King Holdings Limited published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 13:10:03 UTC

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Build King Holdings Limited Announces Board Changes	Dec. 29	CI
Build King Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-23	CI
Build King Holdings Limited Declares an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 28 September 2023	23-08-23	CI
Build King Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2022, Payable on 15 June 2023	23-03-21	CI
Build King Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-21	CI
Sam Woo Construction Subsidiaries Get Writ of Summons Over Alleged Debt	23-01-18	MT
Build King to Hold Shareholders' Meeting For Stake Disposal	22-12-26	MT
Saudi Arabia announces plans for six-runway hub airport in Riyadh	22-11-28	RE
Road King Unit to Sell 20% Stake in Urban Renewal Project in China to Build King Subsidiary for $102 Million	22-10-06	MT
Build King Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-24	CI
Build King Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payment Date Is 15 June 2022	22-03-29	CI
Build King Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-29	CI
Build King Holdings Limited Announces Board Appointments	21-12-01	CI
Build King Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-18	CI
Build King Holdings Limited Appoints Ng Cheuk Hei, Shirley as a Member of Each of the Audit Committee, Nomination Committee and Remuneration Committee	21-03-24	CI
Build King : Boosts Dividend as Profit Soars 48% in 2020	21-03-24	MT
Build King Holdings Limited Recommends Final Dividend, Payable on or Before 7 July 2021	21-03-23	CI
Build King Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2020	21-03-23	CI
Build King : Expects 'Modest Improvement' in FY20 Operating Profits	21-01-07	MT
Build King Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2020	20-08-18	CI
Build King Holdings Limited Appoints Ng Cheuk Hei, Shirley as Independent Non-Executive Director	20-05-25	CI

	1st Jan change	Capi.
BUILD KING HOLDINGS LIMITED	-0.87%	180M
VINCI	+2.02%	72.3B
LARSEN & TOUBRO LIMITED	-1.92%	56.18B
QUANTA SERVICES, INC.	+23.56%	39.64B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+17.67%	31.81B
FERROVIAL SE	+11.21%	29.77B
CHINA RAILWAY GROUP LIMITED	+18.49%	21.26B
WSP GLOBAL INC.	+11.04%	19.95B
EMCOR GROUP, INC.	+76.19%	18.12B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+39.08%	17.58B

Build King Holdings Limited

Equities

240

BMG1675M1064

Construction & Engineering

Build King : Announcement of Interim Results for six months ended 30 June 2020

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