Summary by Moomoo AI
Xinhua International Limited completed its annual accounts audit on December 31, 2023 and issued its annual report on March 13, 2024. The report showed that the company recorded a loss of $1,885,394.42 in fiscal 2023 and a total balance sheet of $1,968,445,538.65. The company's main business includes the global design, manufacture, procurement and distribution of travel bags and accessories, with brands such as Novelty, Tumi and more. The Company's €350.0 million senior notes issued in 2018 will mature in 2026 at an annual interest rate of 3.500%. In addition, the Company completed its refinancing on June 21, 2023 and entered into a new credit agreement. The company also launched a Share Award Scheme in 2023 to incentivise management and employees. Subsequent matters include the Company's plans to propose the distribution of $150,000,000 in cash to shareholders at the Annual General Meeting on June 6, 2024.