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Annual results announced to China International (01871), shareholders' share loss of 8.443 million yuan narrowed 2.58% year over year
The annual results for the year ended December 31, 2023 were announced to China International (01871). The Group's revenue was RMB 39...
CHINA ORIENTED: ANNOUNCEMENT ON THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Issuance of 35.9582 million new shares to China International (01871.HK) according to the “2 for 1” benchmark
On March 21, GLONGHUI issued an announcement to China International (01871.HK) to allocate and issue 35.9582 million new shares on March 20, 2024 on the basis of receiving one share for each of the two issued shares held, at a stock offering of HK$0.20 per share.
China International (01871.HK) expects annual net loss of about 7 million to 8.5 million yuan
On March 15, GLONGHUI announced to China International (01871.HK) that compared with a net loss of approximately RMB 8.7 million for the year ended December 31, 2022, the Group expects to record a net loss of approximately RMB 7.0 million to approximately RMB 8.5 million for the year ended December 31, 2023. The Board of Directors believes that the main reasons for this reduction in losses are as follows: (I) The Group's revenue from the driving training service business for large vehicles and small vehicles has declined. The reason is that market conditions in the logistics industry continue to deteriorate due to continued tension in trade relations between China and the US, leading to demand for driving courses
CHINA ORIENTED: PROFIT ALERT - REDUCTION IN LOSS
China International (01871.HK) plans to hold a board meeting on March 27 to approve the annual results
Glonghui, March 11, announced to China International (01871.HK) that the board of directors meeting will be held on March 27, 2024 (Wednesday) to review and approve (if deemed appropriate) the annual results of the company and its subsidiaries for publication for the financial year ended 31 December 2023; decide whether to declare, recommend or pay any dividends (if any); and handle other business.
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