No Data
Bigao Group: (1) delayed publication of the year ended March 31, 2022 Audited comprehensive annual results announcement and annual report (2) for the year ended March 31, 2022 Unaudited consolidated annual results announcement And (3) the date of the boar
Bigao Group (08220.HK) plans to set up a joint venture to carry out augmented reality digital live role-playing game business.
[Caihua Social News] Bigao Group (08220.HK) announced that on December 23rd, the company entered into a framework agreement with the "Business partner" of Guangzhou Jiu Culture and Technology Co., Ltd., under which the parties agreed to negotiate in good faith to enter into a formal legally binding agreement on the establishment of a joint venture company to carry out business cooperation related to the development of the augmented reality digital role-playing game "LARP". According to the framework agreement, the company and business partner agreement will establish a joint venture company in Guangzhou, China, which will be owned by 51% and 49% respectively by the company and business partners. According to the company, it has something to do with
08220.HK Guangzhou sets up a joint venture augmented reality digital live role-playing game project.
08220.HK announced that it has entered into a framework agreement with Guangzhou Jiu Culture and Technology to set up a joint venture company to carry out the development of augmented reality Digital Live role-playing Game (LARP) project. The joint venture company is located in Guangzhou and owns 51% and 49% respectively by Bigao and Guangzhou Jiu Culture and Technology, respectively. Bigao said that in recent years, LARP games have become one of the most popular forms of entertainment for Chinese consumers, while Guangzhou Jiu Culture and Technology, an experienced developer of LARP projects, or its associated company running the famous LARP platform "Nine rooms", is a relatively perfect L in China.
Hong Kong's film and television entertainment sector fell.
On December 29th, Gelon Culture fell nearly 10%, Huaxia audio-visual education fell 5.7%, BABA Pictures dropped nearly 4%, Bigao Group and NetEase, Inc Yun Music fell more than 3%, Cat's Eye Entertainment fell 2.63%, and Joy Media fell 0.72%.
Bigao Group (08220.HK) intends to merge shares in 10 into 1.
The 08220.HK Group proposes a share consolidation on the basis of merging every 10 issued and unissued existing shares into 1 new share, which is subject to approval at the EGM and proposes to change the trading unit per share from 20, 000 existing shares to 10, 000 new shares after the share merger takes effect. According to the closing price of $0.028 per share on the date of the company's announcement (28th), assuming that the share merger and alteration have taken effect, the estimated value of 10 000 new shares per lot will be $2800.
Bigao Group (08220.HK) intends to merge shares in "10 into 1"
According to the announcement of the Bigao Group (08220.HK) on December 28th, the board of directors recommended that the share consolidation be implemented on the basis of merging every 10 issued and unissued existing shares into one new share. The merger of shares shall be subject to, among other things, the approval of the shareholders at the extraordinary general meeting of shareholders. As at the date of the announcement, the existing shares were traded on the Stock Exchange on the basis of 20000 existing share trading units per share. Subject to the entry into force of the share merger, the Board proposes to change the number of shares traded on the Stock Exchange from 20000 existing shares to 10000 new shares.
Bigao Group (08220) intends to merge shares with "10 in 1"
Zhitong Financial APP News, Bigao Group (08220) announced that the board of directors proposed to merge every 10 issued and unissued existing shares into 1 new share. Upon the entry into force of the share merger, the Board proposes to change the number of units traded on the Stock Exchange from 20, 000 existing shares to 10, 000 new shares.
Bigao Group (08220.HK) intends to issue CB to Zhou Xingchi, the controlling shareholder, to offset the outstanding CB.
08220.HK announced that it entered into a subscription and settlement agreement with controlling shareholder Stephen Chow to issue 19 million convertible bonds to it at a consideration of offsetting the principal amount of outstanding existing bonds upon completion of the subscription, including a total outstanding principal of $15 million of existing convertible bonds and a further $5 million of maturing convertible bonds. The conversion share price is initially 0.0275 yuan per share, a premium of about 14.58% over the closing price of the previous trading day, which can be adjusted according to the subscription terms. If exercised, it is equivalent to 40.23% of the enlarged share capital.
Bigao Group (08220) intends to issue convertible bonds with a principal of HK $19 million to Zhou Xingchi, the controlling shareholder.
Zhitong Financial APP News, Bigao Group (08220) announced that on December 7, 2021 (after the trading session), the company entered into a subscription and settlement agreement with controlling shareholder Stephen Chow, who intends to subscribe for convertible bonds with a principal of HK $19 million at a subscription price of HK $20 million. The subscription price will be paid by offsetting the principal amount of the outstanding existing bonds upon completion. The initial conversion price of the convertible bonds is HK $0.0275 per conversion share, which is about 14.5% higher than the closing price of HK $0.0240 per share as quoted on the Stock Exchange on the date of the subscription and settlement agreement, the announcement said.
Loading...