Hong Kong dollar

AEON Credit Proposes Final Dividend of 18 HK Cents for FY2020 amid Solid Fundamentals

Thursday, April 8, 2021 - 5:46am

Facing an exceptionally uncertain market environment during FY2020, the Group's revenue was HK$1,089.9 million, with profit after tax amounting to HK$301.6 million.

Key Points: 
  • Facing an exceptionally uncertain market environment during FY2020, the Group's revenue was HK$1,089.9 million, with profit after tax amounting to HK$301.6 million.
  • The Group's capital base remained strong with total equity up 3.3% to HK$3,422.0 million as at 28 February 2021.
  • In view of the sound fundamentals of the Group, the Board has recommended a final dividend of 18.0 HK cents per share, bringing the total dividend for the year to 40.0 HK cents per share, representing a dividend payout ratio of 55.5%, up from 49.8% last year despite adversity.
  • Furthermore, the Group will enhance its data analysis methodologies to raise its marketing, credit assessment and credit management effectiveness.

Cirtek's Financial Results in Second Half of FY2020 Demonstrate Significant Improvement, Sales of RFID Products Soars by 1.3 Times

Tuesday, March 30, 2021 - 5:35am

Despite adversities, the Group successfully achieved a turnaround; moving from a loss-making position as reported for its interim results to a profit-making position.

Key Points: 
  • Despite adversities, the Group successfully achieved a turnaround; moving from a loss-making position as reported for its interim results to a profit-making position.
  • The Group's business was inevitably affected, resulting in a year-on-year decrease in revenue of 26.5% to approximately HK$259.3 million.
  • Nonetheless, the Group's orders started to rebound in the second half year and showed improvement when compared with the first half year, narrowing the decline for the whole year.
  • In terms of products, sales of RFID products achieved the most handsome growth, achieving a year-on-year spike of 1.3 times, contributing HK$8.2 million in revenue.

Hi Sun Tech Announces 2020 Annual Results: Profit for the Year Increases 14% to HK$779 million

Monday, March 29, 2021 - 11:50pm

Cloopen (NYSE:RAAS), an associated company of the Group, began trading on the New York Stock Exchange on 9 February 2021(NYT).

Key Points: 
  • Cloopen (NYSE:RAAS), an associated company of the Group, began trading on the New York Stock Exchange on 9 February 2021(NYT).
  • During the Year, the Group's consolidated revenue reached HK$4,143.4 million, representing a decrease of 26% when compared with HK$5,576.0million for the same period last year.
  • The Group's operating profit was HK$653.1 million, representing an increase of 13% when compared with HK$578.2 million the same period last year.
  • Profit for the year was HK$779.1 million, representing an increase of 14% when compared with HK$683.0 million for the same period last year.

HKC Announces 2020 Annual Results, Net Profit drops 36% to HK$241.6 Million

Thursday, March 18, 2021 - 10:49am

During the Period Under Review, turnover amounted to HK$1,184.0 million (2019: HK$1,036.9 million), and gross profit amounted to HK$662.2 million (2019:HK$682.4 million).

Key Points: 
  • During the Period Under Review, turnover amounted to HK$1,184.0 million (2019: HK$1,036.9 million), and gross profit amounted to HK$662.2 million (2019:HK$682.4 million).
  • Due to reduced higher-margin leasing revenues, gross profit margins dropped to 56% from 66% in 2019.
  • The Group was also negatively impacted by a HK$98.4 million revaluation loss on its investment properties.
  • As a result, net profit declined 36% to HK$241.6 million.

Versabank to Launch VCAD, World's First Bank-issued, Deposit-based Digital Currency

Wednesday, February 24, 2021 - 12:50pm

VCAD is expected to be the first digital currency to representa fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank.

Key Points: 
  • VCAD is expected to be the first digital currency to representa fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank.
  • VCAD is based on VersaBank's proprietary banking software and the digital currency issuance processes for VCAD will be securely managed via VersaVault, VersaBank subsidiary, DRT Cyber Inc.'s ("DRT Cyber"), world leading digital bank vault designed to secure digital assets.
  • Mr. Taylor added, "VersaBank was the very first digital bank nearly 30 years ago and has continuously been a pioneer in digital banking in the decades since.
  • In addition to VCAD, under their partnership, VersaBank and Stablecorp plan to work together towards the development and launch of "VUS" and "VEuro", deposit-based, US dollar and Euro versions of the VersaBank digital currency.

CBLT Announces Flowthrough Financing and Exploration Plans

Tuesday, February 16, 2021 - 1:00pm

Burlington, Ontario--(Newsfile Corp. - February 16, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") has set its exploration goals and budget for the foreseeable future.

Key Points: 
  • Burlington, Ontario--(Newsfile Corp. - February 16, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") has set its exploration goals and budget for the foreseeable future.
  • To fund that budget CBLT announces its intention to effect a non-brokered flowthrough financing in an amount no less than $100,000 (one hundred thousand dollars, resulting in the issuance of one million Flowthrough Units) up to $400,000 (four hundred thousand dollars, resulting in the issuance of four million Flowthrough Units).
  • Each Flowthrough Unit will be priced at $0.10 (ten cents) per Flowthrough Unit and will comprise of one flowthrough share and one full 15-cent warrant with a 24-month term, with each 15-cent warrant being exercisable into a flowthrough common share.
  • CBLT's exploration plans begin with advancing the Shatford Lake property which management believes to be highly prospective for lithium.

CBLT Closes Financing

Thursday, January 7, 2021 - 12:43am

Burlington, Ontario--(Newsfile Corp. - January 6, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has closed on its previously announced intention to effect a flowthrough financing in an amount of $53,202 (fifty-three thousand two hundred and two dollars) by issuing 886,700 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit.

Key Points: 
  • Burlington, Ontario--(Newsfile Corp. - January 6, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has closed on its previously announced intention to effect a flowthrough financing in an amount of $53,202 (fifty-three thousand two hundred and two dollars) by issuing 886,700 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit.
  • A finder's fee equal to $1,974 was paid to a registrant related to this financing.
  • CBLT also announces its has closed on its previously announced intention to carry out a hard dollar financing in an amount of $15,000 (fifteen thousand dollars) by issuing 250,000 Common Units priced at $0.06 (six cents) per Common Unit.
  • RDY's last financing was carried out at $0.75 (seventy-five cents) per share (FT).

Mediwelcome: Reasonable valuation with HK listing on track for January 19

Wednesday, January 6, 2021 - 6:45am

Its Hong Kong shares (02159.HK) will list on January 19, so further exploration of the company's quality and reputation follows.

Key Points: 
  • Its Hong Kong shares (02159.HK) will list on January 19, so further exploration of the company's quality and reputation follows.
  • From the perspective of its long-term opportunities on the track, on the one hand, it is due to the improvement of industrial concentration.
  • According to the prospectus, Mediwelcome has maintained long-term and stable business relations with world-renowned pharmaceutical companies and national medical organizations.
  • Earlier, the market value of JD Health (06618.HK) briefly exceeded HK $600 billion, reflecting the market capital's pursuit of Internet medical treatment.

Silver Dollar Closes Non-Brokered Private Placement Financing

Tuesday, December 29, 2020 - 2:30pm

Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") has completed a non-brokered private placement of 400,000 common shares at a price of $1.40 per share to raise $560,000 in gross proceeds (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - Silver Dollar Resources Inc. (CSE: SLV) ("Silver Dollar" or the "Company") has completed a non-brokered private placement of 400,000 common shares at a price of $1.40 per share to raise $560,000 in gross proceeds (the "Offering").
  • This investment results in First Majestic holding approximately 16.3 percent of Silver Dollar's issued and outstanding common shares.
  • Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval.
  • About Silver Dollar Resources Inc.
    Silver Dollar Resources Inc. is a mineral exploration company focused on creating shareholder value by finding and developing economic precious and base metal deposits.

GE Announces Expiration and Results of its Debt Tender Offers

Friday, December 18, 2020 - 1:00pm

As previously announced, the Offers for the Pool 2 Notes were conditioned on the Pool 2 Total Purchase Price Condition.

Key Points: 
  • As previously announced, the Offers for the Pool 2 Notes were conditioned on the Pool 2 Total Purchase Price Condition.
  • King & Co., Inc. was appointed the information agent with respect to the Offers for Dollar Notes (the Dollar Notes Information Agent) and the tender agent with respect to the Offers for Dollar Notes (the Dollar Notes Tender Agent).
  • Any tender of Notes pursuant to the Offers from a Holder that is unable to make these representations shall not be accepted.
  • GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.