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Financial adviser Under the terms of the securities purchase agreement, the Company has agreed to sell 1.09 million ADS at a price of $1.00 per ADS.
Key Points:
- Under the terms of the securities purchase agreement, the Company has agreed to sell 1.09 million ADS at a price of $1.00 per ADS.
- The gross proceeds to the Company from the registered direct offering are estimated to be $1.09 million, before deducting the placement agent's fees and other estimated offering expenses.
- The offering is expected to close on or about July 28, 2023, subject to the satisfaction of customary closing conditions.
- The offering is being made only by means of a prospectus supplement and accompanying prospectus.
ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank.
Key Points:
- ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank.
- As of the effective date for the ADS ratio change, DXF's ADSs will continue to be traded on the NYSE American under the symbol "DXF".
- No fractional new ADSs will be issued in connection with the change in the ADS ratio.
- As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a proportionate basis.
WUHAN, China, July 11, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that, as disclosed in its Annual Report on Form 20-F for the year ended December 31, 2022, as amended, filed on May 15, 2023 with the Securities and Exchange Commission, the audited financial statements for the year ended December 31, 2022 included in the Form 20-F contained an audit opinion from its independent registered public accounting firm, which included a going concern emphasis of matter paragraph.
Key Points:
- WUHAN, China, July 11, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that, as disclosed in its Annual Report on Form 20-F for the year ended December 31, 2022, as amended, filed on May 15, 2023 with the Securities and Exchange Commission, the audited financial statements for the year ended December 31, 2022 included in the Form 20-F contained an audit opinion from its independent registered public accounting firm, which included a going concern emphasis of matter paragraph.
- This announcement is made pursuant to NYSE American Company Guide Section 610(b), which requires separate public announcement of the receipt of an audit opinion containing a going concern paragraph.
- This announcement does not represent any change or amendment to the Company's consolidated financial statements or to its Annual Report on Form 20-F for the year ended December 31, 2022.
WUHAN, China, May 26, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on May 15, 2023, as amended.
Key Points:
- WUHAN, China, May 26, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on May 15, 2023, as amended.
- The annual report can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website at http://en.hbctxed.com/index.php/index-show-tid-63.html .
- The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
- Requests should be directed to the Company's IR Department at [email protected].
WUHAN, China, March 10, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that it had received a deficiency letter ("Letter") from NYSE American LLC ("NYSE American" or the "Exchange") on March 6, 2023 stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide ("Company Guide").
Key Points:
- WUHAN, China, March 10, 2023 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced that it had received a deficiency letter ("Letter") from NYSE American LLC ("NYSE American" or the "Exchange") on March 6, 2023 stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide ("Company Guide").
- The Company intends to regain compliance with the NYSE American's continued listing standards by undertaking a measure or measures that are for the best interests of the Company and its stockholders.
- Additionally, the Letter does not result in the immediate delisting of the Company's common stock from the NYSE American.
- The Company is actively engaged in discussions with the Exchange and is developing plans to regain compliance with the NYSE American's continued listing standards within the cure period.
