CWT International CEO Steps Down, Replacement Named
CWT INT'L (00521): Shang Duoxu was appointed as the Executive Chairman.
CWT INT'L (00521) announced that starting from June 28, 2024, Wang Kan...
Express News | CWT International Ltd - Wang Kan Has Resigned as CEO but Remains to Be Chairman
Express News | CWT International Ltd - Shang Duoxu Has Been Appointed as Chief Executive Officer.
CWT INT'L (00521.HK): Liu Yifei was appointed as a member of the Audit Committee and the Independent Investigation Committee.
On June 27, China Wide (00521.HK) announced that Leung Sun Sang retired from the company's board of directors after the shareholders' annual meeting in accordance with Article 104(A) of the articles of association and will not be re-elected. After Mr. Leung's retirement, he will not serve on the audit committee, independent investigation committee, nomination committee, and remuneration committee of the board of directors. After Mr. Leung no longer serves as a member of the board of directors, Liu Yifei, an independent non-executive director, has been appointed as a member of the audit committee and independent investigation committee, which will take effect after the shareholders' annual meeting.
CWT INT'L (00521): Liu Yifei was appointed as a member of the audit committee.
CWT INT'L (00521) has issued an announcement that Liang Shunsheng will resign as a non-executive director and a member of the audit committee according to Clause 104(A) of the Articles of Association.
CWT International Enters MOU With PM Access World (Malaysia)
CWT INT'L (00521.HK) signed a memorandum of understanding with AWG to seek cooperation in renewable energy and other fields
Gelonghui, May 30 | CWT INT'L (00521.HK) announced that on May 26, 2024, the company entered into a memorandum of understanding with an independent third party PM Access World (Malaysia) Sdn Bhd (“AWG”, together with the “parties”) to explore possibilities for non-ferrous metals including but not limited to (i) LME/CME facilities; (ii) ferrous metals, bulk metals and ferroalloys; (iii) renewable energy (iv) general freight and (v) further cooperation in the capital market Cooperation opportunities. According to the Memorandum
CWT INT'L (00521.HK) resumed trading this morning
Gelonghui, May 29丨CWT INT'L (00521.HK) announced that trading of the company's shares will resume at 9:00 a.m. today (29/5/2024).
CWT INT'L (00521): Reached guidelines for resuming trading to resume trading from 9:00 a.m. on May 29th
According to the Zhitong Finance App, CWT INT'L (00521) announced that trading will resume at 9:00 a.m. on May 29, 2024.
CWT INT'L (00521): Reached guidelines for resumption of trading and resumed trading on May 29th
CWT INT'L (00521) announced that the company has agreed on the resumption of trading guidelines issued by the Stock Exchange...
CWT INT'L (00521.HK): Wang Qi and Huang Fenglin appointed as executive directors
On May 10, Ge Longhui | CWT INT'L (00521.HK) issued an announcement. Effective May 10, 2024: Peng Biao and Xu Xu have each resigned as executive directors and are no longer members of the Executive Committee; and Wang Qi and Huang Fenglin have been appointed as executive directors and members of the Executive Committee respectively.
CWT INT'L (00521.HK) signed a cooperation intention agreement with Yangpu Investment
Gelonghui, April 22, 丨 CWT INT'L (00521.HK) announced that on April 12, 2024, the company signed a cooperation intention agreement with an independent third party, Hainan Yangpu Holdings Investment Co., Ltd. (Yangpu Investment) to introduce resources such as collection and cold chain storage in the food industry; (ii) commodity warehouse pledge pilot feasibility study; (iii) dangerous goods warehouse project cooperation; and (iv) Danzhou Yangpu Wharf port supporting logistics project cooperation. Yangpu Investment is a wholly-owned subsidiary of Hainan Yangpu Development and Construction Holdings Co., Ltd., which is Yang
CWT INT'L: Annual Report 2023
CWT INT'L (00521.HK) business operations continued to be suspended as usual
Gelonghui, April 2 | CWT INT'L (00521.HK) announced that the company is a Hong Kong investment holding company mainly engaged in integrated logistics services and related engineering services. The company is also engaged in the subsidiary business of commodity trading and financial services. On the date of the announcement, although stock trading was suspended, the Group's business operations were carried out as usual in all major aspects. Once the resumption guidelines and additional resumption guidelines are fully agreed, the company will apply for the resumption of share trading as soon as possible. Stock trading continues to be suspended.
CWT INT'L (00521) Announces Annual Results, Achieving Revenue of HK$37.226 billion
According to the Zhitong Finance App, CWT INT'L (00521) announced results for the year ended December 31, 2023. The group obtained revenue of HK$37.226 billion, a decrease of 3.78% year on year; profit attributable to company owners was HK$39.93 million, a decrease of 74.48% year on year; profit per share was 0.34 HK cents. The Group reported net profit of HK$21.471 million (re-listed in 2022: net loss of HK$116.6 million) and net profit from continuing operations of HK$577.23 million (re-listed in 2022:3.
CWT INT'L: FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND CONTINUED SUSPENSION OF TRADING
CWT INT'L: DATE OF BOARD MEETING AND CONTINUED SUSPENSION OF TRADING OF SHARES
Cwt International Expects a HK$70 Million Profit for Full Year 2023
CWT INT'L (00521.HK) Profit Warning: Annual profit after tax is expected to drop by about 73%
On March 6, CWT INT'L (00521.HK) announced that the company expects to record profit after tax of no less than HK$70 million for the year ending December 31, 2023, a decrease of about 73% compared to the previous year's profit of HK$255 million after tax. The expected decline in profit after tax is mainly due to a combination of the following reasons: (1) The decline in profit after tax in the logistics services segment is mainly due to the decline in profit in the freight logistics business, and the market price is due to weak purchasing power, generally weak demand, rising labor costs and serious competition in the European market
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