Hong Kong dollar

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

Retrieved on: 
Thursday, March 18, 2021
Foreign exchange market, Currency, Fixed exchange rate, Hong Kong dollar, Weihaiwei under British rule, Net income, Economy

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

Retrieved on: 
Wednesday, February 24, 2021
Economy, Finance, Foreign exchange market, Monetary reform, Numismatics, Currency, Digital currency, Euro, UBS, Fiat money, Hong Kong dollar, United States dollar

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

Retrieved on: 
Tuesday, February 16, 2021
Currency, Foreign exchange market, CBLT-DT, In Canadian television, Hong Kong dollar, United States dollar, Mill

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

Retrieved on: 
Thursday, January 7, 2021
Currency, Foreign exchange market, CBLT-DT, In Canadian television, Hong Kong dollar, United States dollar, Penny

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

Retrieved on: 
Wednesday, January 6, 2021
Foreign exchange market, Currency, Initial public offering, Prospectus, Hong Kong dollar

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

Retrieved on: 
Tuesday, December 29, 2020
Currency, Foreign exchange market, Economy, Dollar, Numismatics, Hong Kong dollar, United States dollar, Shareholder, Silver dollar

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

Retrieved on: 
Friday, December 18, 2020
Software, Other Manufacturing, Finance, Engineering, Professional services, Technology, Manufacturing, Other Technology, Foreign exchange market, Currency, Fixed exchange rate, Hong Kong dollar

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.

GE Announces Launch of Debt Tender Offers

Retrieved on: 
Friday, December 11, 2020
Professional services, Engineering, Technology, Manufacturing, Finance, Software, Foreign exchange market, Companies, Currency, Fixed exchange rate, Hong Kong dollar, General Electric

The primary purpose of the Offers is to acquire all outstanding Notes listed on Table I and Table II above.

Key Points: 
  • The primary purpose of the Offers is to acquire all outstanding Notes listed on Table I and Table II above.
  • Notes that are accepted in the Offers will be purchased, retired and cancelled by GE or its subsidiaries, as applicable, and will no longer remain outstanding obligations of GE or any of its subsidiaries.
  • None of the Offers is conditioned upon completion of any of the other Offers, and each Offer otherwise operates independently from the other Offers.
  • King & Co., Inc. has been 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).

PriceSmart Announces September Net Merchandise Sales

Retrieved on: 
Wednesday, October 7, 2020
Foreign exchange market, Economy, Finance, Currency, International macroeconomics, Exchange rate, Rates, United States dollar, Hong Kong dollar, Functional currency

Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.5%, or $8.6 million, versus the same one-month period in the prior year.

Key Points: 
  • Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.5%, or $8.6 million, versus the same one-month period in the prior year.
  • "As we embark upon the new fiscal year, we experienced growth in net merchandise sales and positive comparable sales, despite 30 club days lost in the month of September.
  • We saw improvement in net merchandise sales in our Colombian market and experienced negative comparable net merchandise sales in some markets in Central America.
  • The term "currency exchange rates" refers to the currency exchange rates the Company uses to convert net merchandise and comparable net merchandise sales for all countries where the functional currency is not the U.S. dollar into U.S. dollars.

InComm Partners with Current, Enabling Cash Deposits at Over 60,000 Retail Locations

Retrieved on: 
Tuesday, September 1, 2020
Economy, Financial services, Banking, Bank deposits, Deposit account, Deposit, Cash, Hong Kong dollar

The ability to make cash deposits was the most-requested product feature in a recent survey conducted with Current's 1.4 million members.

Key Points: 
  • The ability to make cash deposits was the most-requested product feature in a recent survey conducted with Current's 1.4 million members.
  • This new feature will enable Current members to deposit cash to their accounts at some of the most recognized retail chains across the country including 7-Eleven, Dollar General and Family Dollar.
  • "Helping an exciting new partner like Current meet the needs and expectations of its customers is what InComm prides itself on," said Tim Richardson, Senior Vice President at InComm.
  • InComm's technology is the perfect fit for our members who wish to conveniently and reliably digitize their cash."