HongKong:2708

IBO Technology Intends to Invest in Xingang Electronics

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星期三, 七月 5, 2023
Chinese Academy of Sciences, Electronics, Shandong University, Research, Jilin University, MEMS, Growth, ECM, Letter, D, Tobacco, PRC

Mr. Teng Da Cheng is the largest shareholder of Xingang Electronics, holding 49.9% equity interest.

Key Points: 
  • Mr. Teng Da Cheng is the largest shareholder of Xingang Electronics, holding 49.9% equity interest.
  • Xingang Electronics is a professional acoustic device and MEMS sensor product total solution provider and a leading high and new technology enterprise in the field of ECM microphone and MEMS sensor in the PRC.
  • Subject to the Group conducting financial, legal and business due diligence on Xingang Electronics and being satisfied with the results, the Group intends to acquire equity interest in Xingang Electronics held by Mr. Teng Da Cheng at a price with reference to valuation of not exceeding 20 times of the annual net profit of Xingang Electronics.
  • Xingang Electronics intends to establish and complete an offshore red chip structure in which Mr. Teng Da Cheng will hold an indirect shareholding in Xingang Electronics through an offshore holding company.

IBO Technology Appoints New Management

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星期二, 七月 4, 2023
JPMorgan Chase, Royal Bank of Scotland, Commerzbank, ! (The Song Formerly Known As), Electronics, Research, Royal Bank, HNB, ABN AMRO, Shenzhen, Growth, Private banking, RMB, J. P. Morgan, Tobacco, PRC

Accelerates Development of Electronic Cigarette Business in the PRC, Actively Diversifies Development of Hardware Business

Key Points: 
  • Accelerates Development of Electronic Cigarette Business in the PRC, Actively Diversifies Development of Hardware Business
    HONG KONG, July 4, 2023 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the appointment of Mr. Zhong Zhi Xiong and Mr. Jin Zi as co-chief executive officer and independent non-executive Director respectively, with effect from 3 July 2023.
  • Mr. Zhong Zhi Xiong has extensive industry knowledge and solid management experience in the electronic cigarette industry in the PRC, and he is also a top management talent in the relevant industry.
  • Mr. Jin Zi has extensive experience in asset management, global asset allocation, investment advisory and research on global macro and investment strategies.
  • Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "2023 is a golden period for the Group's diversified business development.

IBO Technology Announces FY2022/23 Annual Results

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星期一, 七月 3, 2023
Database, Maintenance, Communication, Loss, Information, Information technology, Big data, Internet, Internet of things, Research, Disease outbreak, Cloud computing, Patent, Pandemic, Digital China, Artificial intelligence, Growth, RMB, Software, Video game, PRC, Coronavirus

HONG KONG, July 3, 2023 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the audited consolidated annual results for the year ended 31 March 2023 (the "Year").

Key Points: 
  • HONG KONG, July 3, 2023 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the audited consolidated annual results for the year ended 31 March 2023 (the "Year").
  • Internationally, the Russian-Ukrainian war and the trade tension between China and the United States posed a huge impact on the international situation.
  • Leveraging favorable policies, 5G technology has been developing in the PRC, and the industry application scenarios have been broadening, becoming a new engine in the construction of "Digital China".
  • Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "There are close connection and synergy among our three major business segments in the aspects of underlying technology, application technology, supply chain, project and business model.