Why We're Not Concerned Yet About China New Consumption Group Limited's (HKG:8275) 25% Share Price Plunge
China New Consumption Group Limited (HKG:8275) shares have had a horrible month, losing 25% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for
China New Consumer Group plans to adopt a new share purchase plan
China New Consumer Group (08275) issued an announcement. The board of directors is pleased to announce that on February 21, 2024, the board of directors resolved to adopt a new share purchase plan for shareholders to approve at the special shareholders' meeting to be held by the company. Given that the amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023, the directors believe that adopting a new share option plan with a period of 10 years from the date of adoption would allow the company to be more flexible in its long-term planning to grant share options to eligible participants, while also providing appropriate rewards or rewards to suitable and eligible persons who have contributed or may have contributed to the Group
China New Consumer Group (08275.HK) intends to terminate the existing share option scheme and proposes to adopt the new share option plan
Gelonghui, Feb. 21丨China New Consumer Group (08275.HK) announced that in accordance with the ordinary resolution passed by shareholders on September 22, 2017, the company adopted the existing share option plan. On the date of the announcement, the company had no unexercised share options under the existing share option plan, and did not intend to grant any further share options under the existing share option plan between the date of the announcement and the date of the special shareholders' meeting. The Supervisory Authority's amendments to Chapter 23 of the GEM Listing Rules came into effect on January 1, 2023. The directors believe that adopting a new share option plan valid for 10 years from the date of adoption would enable the company to enter into a joint venture
China New Consumer Group (08275) completed the placement of 80 million shares to raise approximately HK$13.39 million
Zhitong Finance App News, China New Consumer Group (08275) issued an announcement. All conditions set out in the placement agreement have been met, and the placement was completed on February 8, 2024. A total of 80 million shares have been successfully placed by the placement agent to no less than six undertakers at the placement price of HK$0.176 per share in accordance with the terms and conditions of the placement agreement, accounting for approximately 16.67% of the issued share capital of the company which expanded through allotment and issuance of placement shares immediately after the completion of the placement transaction. The net proceeds from the placement were approximately HK$13.39 million. The company plans to use the net proceeds from the placement for the following purposes
China New Consumer Group plans to sell up to 80 million shares at a discount of about 19.63%
China New Consumer Group (08275) issued an announcement. On January 25, 2024, the placement agent entered into a placement agreement with the company. According to this, the placement agent agreed to place up to 80 million shares to no less than 6 undertakers at a price of approximately HK$0.176 per share on a best-effort basis. Assuming that there is no change in the company's issued share capital between the date of this announcement and the date of completion, the maximum number of placed shares accounts for about 16.67% of the expanded issued share capital of the allocated and issued placed shares. The placement price of HK$0.176 is approximately 1 off the closing price of HK$0.219 as reported on January 25
China New Consumer Group (08275) plans to discount approximately 19.63% of up to 80 million shares to raise approximately HK$13.39 million
China New Consumer Group (08275) issued an announcement. On January 25, 2024, the placement agent entered into an arrangement with the company...
China New Consumer Group (08275): Plans to develop diversified business activities in crude oil trading business
China New Consumer Group (08275) announced that the group is a foundation specializing in borehole pile engineering and other foundation works...
Revenues Tell The Story For China New Consumption Group Limited (HKG:8275) As Its Stock Soars 26%
Those holding China New Consumption Group Limited (HKG:8275) shares would be relieved that the share price has rebounded 26% in the last thirty days, but it needs to keep going to repair the recent da
A subsidiary of China New Consumer Group (08275) sold 16.3 million shares of Guomao (08428)
China New Consumer Group (08275) issued an announcement. On November 17, 2023, the seller Langlai Enterprise (company...
CHINA NEW CONS: Interim Report 2023
China New Consumer Group (08275) released interim results, losses attributable to company owners of HK$1,312,000 narrowed by 95.13% year-on-year
China New Consumer Group (08275) announced results for the six months ended September 30, 2023, and achieved profit during the period...
CHINA NEW CONS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
China New Consumer Group Releases First-Quarter Results of HK$1.641 Million in Shareholders' Profit, Turning a Year-Over-Year Loss into a Profit
China New Consumer Group (08275) announced results for the three months ended June 30, 2023. Group revenue was HK$28.254 million, an increase of 10.21% over the previous year; shareholders should have a profit of HK$1.641 million. In the same period last year, it had a loss of HK$147.91 million, a profit of HK$1.03 per share.
CHINA NEW CONS: 2023 FIRST QUARTERLY REPORT
CHINA NEW CONS: FIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 30 JUNE 2023
About 84.5% of China New Consumer Group (08275.HK) shares were subscribed
GLONGHUI, August 2, 丨China New Consumer Group (08275.HK) announced that at 4:00 p.m. on July 25, 2023, the company had received a valid acceptance of one (1) share of a total of 203 million shares tentatively distributed under the stock offering (equivalent to about 84.5% of the total number of shares offered for sale under the stock offering). As a result, about 84.5% of the shares under the offering were subscribed, and 37.3 million unsubscribed shares (equivalent to about 15.5% of the total number of offered shares sold under the stock offering) were subject to compensation arrangements. At 4:00 p.m. on July 31, 2023, all 37.3 million shares were placed under the placement
China New Consumer Group Fa Yingxi expects to obtain a profit of HK$1 million to HK$2 million due to shareholders in the first quarter
China New Consumer Group (08275) announced that in the three months ending June 30, 2023, the group expects to obtain a profit of HK$1 million to about HK$2 million due to company owners, compared with a loss of HK$14.8 million due to owners in the same period in 2022. According to the announcement, the performance for the three months ended June 30, 2023 turned a loss into a profit, mainly due to increased revenue from machinery rental; higher gross margins for newly awarded construction projects and machinery leases, which led to an increase in gross profit; and reduced legal and professional expenses and marketing expenses, resulting in reduced administrative expenses.
China New Consumer Group (08275) Fa Yingxi expects to obtain a profit of HK$1 million to HK$2 million due to shareholders in the first quarter, turning a year-on-year loss into a profit
According to the Zhitong Finance App, China New Consumer Group (08275) announced that in the three months ending June 30, 2023, the group expects to obtain a profit of HK$1 million due to the company owner to about HK$2 million, compared with a loss of HK$14.8 million due to owners in the same period in 2022.
CHINA NEW CONS: POSITIVE PROFIT ALERT
CHINA NEW CONS: NOTICE OF BOARD MEETING
No Data