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China Joint Resources (00254) completes acquisition and loan of City Gear Limited
Zhitong Finance App News, China Joint Resources (00254) issued an announcement on matters relating to the Group's proposed acquisition of City Gear Limited and loans. All prerequisites under the sale agreement have been met and implemented accordingly on March 28, 2024. After completion, the target company became an indirect wholly-owned subsidiary of the company, and the target group's financial performance, assets and liabilities will be consolidated into the company's comprehensive financial statements, effective from the date of completion; and the seller has transferred the loan owed by the target group to the seller to the buyer, effective on the date of completion.
China Joint Resources (00254) announced interim results. Shareholders' losses of HK$22.813 million were converted from profit to loss year-on-year
According to the Zhitong Finance App, China Joint Resources (00254) announced interim results for the six months ended December 31, 2023. The group achieved revenue of HK$34.55 million, a year-on-year decrease of 18.24%; losses attributable to company owners were HK$22.813 million, compared with a profit of HK$326 million for the same period last year; and a loss of HK0.6 cents per share. The Group recorded a gross loss of approximately HK$6.693 million during the period, an increase of approximately HK$171,000 or 2.6% over the gross loss of approximately HK$6.522 million in the corresponding period. Negative gross margins for the current period and the corresponding period were 19.7% and 15, respectively.
China Joint Resources (00254.HK) Profit Alert: Expected mid-term loss of HK$20 million to HK$30 million
On February 21, GLONGHUI | China Joint Resources (00254.HK) announced that for the six months ended 31 December 2023 (the “period”), compared with the profit attributable to company owners of about HK$326 million for the six months ended June 30, 2023 (the “corresponding period”), the company expects to record losses attributable to company owners up to the current period of about HK$20 million to HK$30 million. The Board believes that the profit conversion to loss was mainly due to a decrease of not more than HK$10 million or 24% in earnings for the period, and the lack of income from debt restructuring and the sale of subsidiaries during the period
National Joint Resources (00254.HK) received the HOT MEDIATECH GROUP PTE. LTD. Increased OTC common stock holdings by 700 million shares, worth approximately HK$80.5 million
It was reported on December 13 that according to documents disclosed by the Hong Kong Stock Exchange on December 13, HOT MEDIATECH GROUP PTE. On December 8, LTD. increased its OTC holdings of $National Joint Resources (00254.HK) by $700 million worth of common stock shares at an average price of HK$0.115 per share, worth approximately HK$805 million. After increasing holdings, HOT MEDIATECH GROUP PTE. LTD. The latest number of shares held is 700 million shares, and the good position ratio has risen from 0.00% to 15.95%. This transaction involves another related party: Li Jiayi. graphs
China United Resources (00254) issued 700 million subscription shares on December 8
According to the Zhitong Finance App, China Joint Resources (00254) announced that the company will issue and allocate 700 million new shares on December 8, 2023 in accordance with the subscription agreement dated November 24, 2023 and general authorization, with an issue price of HK$0.115 per share.
China Joint Resources (00254.HK) completed the allocation of 700 million new shares and a net raise of HK$80.4 million
On December 8, Gelonghui, China Joint Resources (00254.HK) issued an announcement that the prerequisites under the subscription agreement have been met. A total of 700 million new shares were allotted and issued to subscribers on December 8, 2023. The company intends to use approximately HK$80.4 million of the net proceeds from the subscription for the following purposes: approximately 74.63% for investment activities when investment opportunities arise; and about 25.37% for general working capital to strengthen the company's financial position.
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