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Luqing Entertainment (08052) plans to acquire nightclub and clubhouse business for HK $34.56 million
Zhitong Financial App News, Lu Qing Entertainment (08052) announced that on June 13, 2022, the company intends to acquire a stake in C45 Holdings Limited100% from Infinity Entertainment Group Limited at a consideration of HK $34.56 million, which will be repaid by allocating and issuing 432 million consideration shares at the issue price of HK $0.08 per consideration share, accounting for about 16.08 per cent of the enlarged share capital. As part of the acquisition, the board of directors also announced the appointment of Zheng Xinrong as executive director of the company with effect from the date of completion
Changes in Hong Kong stocks Luqing Entertainment (08052) once soared more than 500% of the market looked forward to a gradual recovery of the business environment after the relief of the epidemic.
Zhitong Financial APP learned that Luqing Entertainment (08052) surged more than 500 per cent in early trading and rose 240 per cent to HK $0.068 as of press time, with a turnover of HK $6.0644 million. It is reported that Luqing Entertainment mainly operates Club Cubic Macau and CUBIC SPACE+ clubhouse business, as well as six mansions HEXA, six small restaurants SIXA and GaGiNang restaurants. The company's first-quarter earnings decreased by 84.4% compared with the same period last year, mainly due to the suspension of CUBIC SPACE+ business, plus 2022 from January 7, 2022.
Lu Qing Entertainment (08052.HK) appoints Zhang Rongxuan as Executive Director
Mr. Zhang Rongxuan has been appointed as an executive director of the company, effective from May 10th, 2022, according to Luqing Entertainment (08052.HK) announcement.
Lu Qing Entertainment (08052) released a loss of HK $9.918 million attributable to shareholders in the first quarter, a decrease of about 12.73% compared with the same period last year.
Zhitong Financial App News, Lu Qing Entertainment (08052) released results for the first quarter of 2022, with earnings of HK $6.571 million, down 84.4% from the same period last year; loss attributable to company owners was HK $9.918 million, down about 12.73% from the same period last year; loss per share was HKD 0.44 cents. The announcement said that the decrease in revenue was mainly due to the suspension of CUBIC SPACE+ business, plus a ban on restaurant meals from January 7 to April 20, 2022 at 06:00 to 04:59 the following day. The decrease in loss is mainly due to the termination of operations of Club Cubic Macau and the strict measures adopted by the Group.
Lu Qing Entertainment: first quarter results report 2022
Lu Qing Entertainment: for the three months ended March 31, 2022 First quarter results announcement
Lu Qing Entertainment (08052.HK) appoints Ye Kaifan as independent non-executive director
Lu Qing Entertainment (08052.HK) announcement, Mr. Ye Kaifan will be appointed as an independent non-executive director of the company, a member of the company's Remuneration Committee and a member of the nominating committee with effect from May 6th, 2022.
Lu Qing Entertainment (08052) appoints Ye Kaifan as independent non-executive director
Zhitong Financial App News, Lu Qing Entertainment (08052) announced that Ye Kaifan will be appointed as an independent non-executive director, a member of the company's remuneration committee and a member of the nomination committee from May 6, 2022.
Lu Qing Entertainment: annual report 2021
Lu Qing Entertainment (08052) announced a loss attributable to shareholders of HK $71.997 million in 2021, an increase of 126.7% over the same period last year.
Zhitong Financial App News, Lu Qing Entertainment (08052) announced that the company achieved a profit of HK $160 million in 2021, an increase of 1.29% over the same period last year. The company's owners accounted for a loss of HK $71.997 million for the year, a year-on-year increase of 126.7 per cent. The basic loss per share is HK3.46 cents. During the reporting period, the increase in the company's net loss was mainly attributable to the company's clubhouse business in Macau, that is, Club Cubic Macau due to a dispute between COD and the Group over the operation of Club Cubic Macau, located on City of Dreams Avenue in Macau, resulting in Clu.
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