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China Joint Resources (00254) completes acquisition and loan of City Gear Limited
Zhitong Finance App News, China Joint Resources (00254) issued an announcement on matters relating to the Group's proposed acquisition of City Gear Limited and loans. All prerequisites under the sale agreement have been met and implemented accordingly on March 28, 2024. After completion, the target company became an indirect wholly-owned subsidiary of the company, and the target group's financial performance, assets and liabilities will be consolidated into the company's comprehensive financial statements, effective from the date of completion; and the seller has transferred the loan owed by the target group to the seller to the buyer, effective on the date of completion.
China Joint Resources (00254) announced interim results. Shareholders' losses of HK$22.813 million were converted from profit to loss year-on-year
According to the Zhitong Finance App, China Joint Resources (00254) announced interim results for the six months ended December 31, 2023. The group achieved revenue of HK$34.55 million, a year-on-year decrease of 18.24%; losses attributable to company owners were HK$22.813 million, compared with a profit of HK$326 million for the same period last year; and a loss of HK0.6 cents per share. The Group recorded a gross loss of approximately HK$6.693 million during the period, an increase of approximately HK$171,000 or 2.6% over the gross loss of approximately HK$6.522 million in the corresponding period. Negative gross margins for the current period and the corresponding period were 19.7% and 15, respectively.
China Joint Resources (00254.HK) Profit Alert: Expected mid-term loss of HK$20 million to HK$30 million
On February 21, GLONGHUI | China Joint Resources (00254.HK) announced that for the six months ended 31 December 2023 (the “period”), compared with the profit attributable to company owners of about HK$326 million for the six months ended June 30, 2023 (the “corresponding period”), the company expects to record losses attributable to company owners up to the current period of about HK$20 million to HK$30 million. The Board believes that the profit conversion to loss was mainly due to a decrease of not more than HK$10 million or 24% in earnings for the period, and the lack of income from debt restructuring and the sale of subsidiaries during the period
China Joint Resources (00254.HK) will hold a board meeting on February 28 to approve the interim results
Gelonghui, February 16, 丨 China Joint Resources (00254.HK) issued an announcement. The board meeting will be held on February 28, 2024 to consider and approve the Group's interim results for the six months ended December 31, 2023.
National Joint Resources [00254] now reports HK$0.1, an increase of 11.11%
As of 10:50, China Joint Resources [00254] reported HK$0.1, up HK$0.01 or 11.11% from yesterday's closing price, with a turnover of HK$791,000. Today's high price was HK$0.1 and the lowest price was HK$0.087. Based on yesterday's closing price, the 10-day average price was HK$0.09, and the 50-day average price was HK$0.09. The current price-earnings ratio was 2.04 times, and the 14-day strength and weakness index was reported at 53.23.
China Joint Resources [00254] now reports HK$0.092, a decrease of 13.21%
As of 09:34, China Joint Resources [00254] reported HK$0.092, down HK$0.014 or 13.21% from yesterday's closing price, with a turnover of HK$31,300, today's high of HK$0.092 and a low price of HK$0.092. Based on yesterday's closing price, the 10-day average price was HK$0.09, and the 50-day average price was HK$0.09. The current price-earnings ratio was 2.40 times, and the 14-day strength and weakness index was reported at 74.00.
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