1729.HK

Time Interconnect's Major Shareholder Increased the Shareholding

Tuesday, September 14, 2021 - 6:35am

Lo Chung Wai Paul, a non-executive director of the Company and the Chairman of the board of directors of the Company.

Key Points: 
  • Lo Chung Wai Paul, a non-executive director of the Company and the Chairman of the board of directors of the Company.
  • The increase in the shareholding recognises his confidence in the prospects and intrinsic value of the Company as well as his long-term commitment towards the Company.
  • On August 31, 2021, Time Interconnect Investment Limited, a direct wholly-owned subsidiary of the Company, completed the acquisition of GPIM Group Marketing Limited and its subsidiary.
  • As a result, the efficiency of GPIM Group 's management operations can be optimized through the local management of the Group.

TIME Interconnect Technology Limited 2020 Corporate Overview

Monday, January 25, 2021 - 2:15am

The Group has gained trial orders from a new prestigious customer for industrial equipment products in March 2020, which has become one of the Group's major revenue contributors in this sector.

Key Points: 
  • The Group has gained trial orders from a new prestigious customer for industrial equipment products in March 2020, which has become one of the Group's major revenue contributors in this sector.
  • The Group has successfully acquired Linkz Cables Limited and its subsidiaries on 30 June 2020, which will help to broaden the Group's revenue base and mitigate its risk of customer concentration by merging with the diverse customer base of Linkz.
  • The Group's wholly-owned subsidiary Linkz Industries (Suzhou) Limited has achieved ISO14064 accreditation on environmental control in July 2020, being the first wire and cable company in Asia to receive the Greenhouse Gas verification from Underwriters Laboratories Inc.
  • The Group reported its interim results for the six months ended 30 September 2020, with a revenue of HK$1,441.7 million.