China Environmental Resources (01130.HK) cuts 1,955 billion shares due to share consolidation on a “5 and 1” basis
China Environmental Resources (01130.HK) announced that on April 9, 2024, the company will cut 1,955 billion shares due to a share consolidation on a “5 and 1” basis.
Express News | China Environmental Resources: The share merger will take effect on April 9
China Environmental Resources (01130.HK) plans to consolidate shares according to the “5 and 1” basis
Gelonghui, Feb. 29, 丨 China Environmental Resources (01130.HK) announced that the board of directors proposed a share merger. The basis is the merger of issued and unissued existing shares with a face value of HK$0.02 per five (5) shares into one (1) consolidated share with a face value of HK$0.1 per share. Stock consolidation is subject to approval by shareholders (including) at the Extraordinary General Meeting of Shareholders before it can actually take place. On the date of announcement, the trading unit for each lot of existing shares traded on the Stock Exchange was 4,000 existing shares. The board of directors recommended that after the share merger comes into effect, the trading unit for each lot traded on the Stock Exchange will be changed from 4,000 shares to 20,
China Environmental Resources (01130) announced interim results. Loss attributable to shareholders of HK$460.91 million increased by 1517.8% year-on-year
China Environmental Resources (01130) announced interim results for the six months ended December 31, 2023. The group...
China Environmental Resources to Widen Loss in July-December 2023
China Environmental Resources Group (SGX:RS1, HKG:1130) expects a loss of at least HK$40 million for the six months ended Dec. 31, 2023, up from HK$2.3 million during the year-ago period. The metal re
China Environmental Resources (01130.HK) issued profit warning
On February 19, China Environmental Resources (01130.HK) announced that the Group's unaudited consolidated loss for the six months ended December 31, 2023 is expected to increase to no less than HK$40 million compared to the loss of approximately HK$2.24 million for the same period in 2022. The Board believes that the increase was due to the combined impact of the following matters during the period: (i) the reduction in other income to approximately HK$1.3 million; (ii) the fair value loss of investment properties was approximately HK$11.4 million; (iii) the loss due to changes in the fair value of biological assets minus the cost of sale was approximately HK$30.4 million; and (i)
China Environmental Resources Seeks HK$16 Million From Share Placement
China Environmental Resources Group (SGX:RS1, HKG:1130) is targeting to raise up to HK$15.8 million in net proceeds from a private placement of shares. The metal recycling company intends to issue 407
China Environmental Resources (01130.HK) plans to sell up to 407 million shares at a discount of about 7.0%
Gelonghui, Feb. 16, 丨 China Environmental Resources (01130.HK) announced that on February 16, 2024, the placement agent entered into a placement agreement with the company. According to this, the company plans to place up to 407 million shares, which is equivalent to 20.00% of the company's existing issued shares; and to expand 16.67% of the issued share capital through allotments. The placement price is HK$0.04 per share, a discount of approximately 7.0% from the closing price of HK$0.043 per share reported on the Stock Exchange on the date of the placement agreement. It is anticipated that the total proceeds from the placement and the maximum net proceeds will be approximately HK$16.3 million and approximately
China Environmental Resources (01130.HK) appoints Li Zhihao as independent non-executive director
Glonghui December 5 | China Environmental Resources (01130.HK) announced that Li Zhihao has been appointed as the company's independent non-executive director, chairman of the audit committee, and member of the remuneration committee and nomination committee respectively, effective from December 5, 2023. It was announced on the same day that, with effect from December 5, 2023, the membership of the Board Committee has changed as follows: (i) Yeung Chi-hang, the current Executive Director and Chairman of the Board of Directors, will no longer be a member of the Remuneration Committee and the Nomination Committee; and (ii) Lee Chi-ho has been appointed as the Chairman of the Audit Committee and a member of the Remuneration Committee and the Nomination Committee respectively.
China Environmental Resources Further Extends Negotiations for Potential Stake Acquisition
China Environmental Resources Group (SGX:RS1, HKG:1130) agreed to further extend negotiations for a potential acquisition of a 51% stake in a Hong Kong-based motorcycle dealer for six more months, the
China Environmental Resources Doubles Loss in Fiscal Year 2023
China Environmental Resources Group (SGX:RS1, HKG:1130) recorded a rise in attributable loss for the year ended June 30 to HK$35.1 million from HK$16.7 million during the year-ago period. Diluted loss
China Environmental Resources to Widen Loss by at Least 130% in Fiscal Year 2023
China Environmental Resources Group (SGX:RS1, HKG:1130) expects a year-over-year rise of at least 130% in its loss for the year ended June 30 from a loss of HK$14.8 million during the year-ago period.
China Environmental Resources (01130) issued a profit warning and expected annual losses to increase by no less than 130% year-on-year
China Environmental Resources (01130) announced that it is expected that the Group's audit for the year ended June 30, 2023...
China Environmental Resources (01130) intends to sell all of First Rank Corporation's issued share capital
According to the Zhitong Finance App, China Environmental Resources (01130) announced that on March 31, 2023, the company, the buyer Huang Chenggong, and the selling company entered into a sales agreement. The company (as the seller) conditionally agreed to sell the sales shares and transfer the sales loan to the buyer, while the buyer conditionally agreed to buy the sales shares and accept the transfer of the sales loan. The transaction cost was HK$59 million. The sale of shares means the sale of all issued share capital of the company First Rank Corporation. The group's main asset was sold to 80% of its interest in industrial properties. On the date of this publication
China Environmental Resources Again Extends Long Stop Date of Proposed Stake Acquisition in Motorcycle Dealer
01:15 AM EDT, 03/30/2023 (MT Newswires) -- China Environmental Resources Group (SGX:RS1, HKG:1130) has again extended the years-long talks regarding a planned acquisition of a 51% stake in a Hong Kong
China Environmental Resources (01130) Announces Interim Results The loss attributable to shareholders of HK$2,849 million fell 63.52% year-on-year
According to the Zhitong Finance App, China Environmental Resources (01130) released results for the six months ended December 31, 2022. The group's revenue was HK$42.787 million, an increase of 8.43% over the previous year; losses attributable to shareholders were HK$2,849 million, a year-on-year decrease of 63.52%; and a loss of 0.14 HK cents per share. According to the announcement, the increase in turnover was due to increased sales of automobiles and related accessories. The decrease in gross profit was due to an increase in product costs.
China Environmental Resources (01130.HK)'s medium-term net loss narrowed to HK$2,849 million
Gelonghui, Feb. 28 丨 China Environmental Resources (01130.HK) announced that for the six months ending December 31, 2022, the Group's revenue increased 8.4% to about HK$42.787 million, and gross profit decreased 29.1% to about HK$6.991 million. The loss attributable to the company's owners fell to about HK$2,849 million during this period, while the loss for the same period last year was approximately HK$7.809 million. The increase in turnover was due to increased sales of automobiles and related accessories. The decrease in gross profit was due to increased product costs.
China Environmental Resources' Loss for Fiscal Year 2022 Narrows to HK$14.8 Million
01:19 AM EST, 02/27/2023 (MT Newswires) -- China Environmental Resources Group's (HKG:1130, SGX:RS1) loss for the year through June 30, 2022 narrowed to HK$14.8 million from HK$48.9 million, according
China Environmental Resources (01130.HK): Mid-term losses are expected to decrease by no less than 60% year-on-year
Gelonghui, Feb. 24 丨 China Environmental Resources (01130.HK) announced that it expects the Group's unaudited losses for the six months ending December 31, 2022 to be reduced by no less than 60% compared to the loss of approximately HK$6.4 million for the same period in 2021. The Board believes that the reduction was due to the combined impact of the following events for the six months ended 31 December 2022: (i) gross profit was reduced to approximately HK$7 million, mainly due to increased product costs; (ii) other revenue increased to approximately HK$11.2 million, mainly due to cancellation of non-recourse liabilities and proceeds from the sale of property, plant and equipment
China Environmental Resources Sees 65% Drop in Losses for Fiscal Year 2022
06:53 AM EST, 02/21/2023 (MT Newswires) -- China Environmental Resources Group (SGX:RS1, HKG:1130) expects to book a 65% drop in losses for the year ended June 30, 2022 from the year-ago loss of HK$48
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