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Neway Group Holdings Ltd (0055.HK)

0055.HK on Hong Kong Stock

0.64HKD
1:51am EDT
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Latest Key Developments (Source: Significant Developments)

Neway Group expects to turnaround to a profit in range of about HK$60 mln to HK$75 mln for FY16
Thursday, 9 Mar 2017 07:03am EST 

Neway Group Holdings Ltd <0055.HK> : Expected to turnaround to a profit in range of approximately hk$60 million to approximately hk$75 million for fy 2016 .Expected result due to reduction in staff and material costs.  Full Article

Neway Group announces placing of shares under general mandate
Tuesday, 27 Sep 2016 09:07am EDT 

Neway Group Holdings Ltd <0055.HK> : Neway Group-placing Of New Shares Under General Mandate . Company and placing agent entered into placing agreement . Placees to subscribe for up to 42.3 million placing shares at a price of hk$0.47 per placing share .Gross proceeds from placing will be approximately hk$19.87 million.  Full Article

Neway issues positive profit alert<0055.HK>
Friday, 12 Aug 2016 05:58am EDT 

Neway Group Holdings Ltd <0055.HK>: Positive profit alert <0055.HK> . Neway group -group is expected to turnaround to a profit in the range of approximately HK$30 million to approximately HK$45 million for 1h 2016 . Says expected result attributable to an increase of approximately 27.0% in the revenue generated from the business .  Full Article

Neway Group Holdings Ltd issues FY 2015 profit warning
Tuesday, 8 Mar 2016 04:30am EST 

Neway Group Holdings Ltd:Says expected to record a loss in the range of approximately hk$63 million to approximately hk$78 million for FY 2015.Is also evaluating impairment loss on other investments and therefore, loss for FY 2015 to be recorded by the group may be subject to further change.Loss for FY 2015 was due to loss recorded in the manufacturing and sales segment and music and entertainment segment for FY 2015.  Full Article

Neway Group Holdings Ltd entered into the subscription agreement
Sunday, 6 Sep 2015 10:11pm EDT 

Neway Group Holdings Ltd:Says Magic Mark, a wholly-owned subsidiary of the Company, entered into the subscription agreement with the general partner.Pursuant to which Magic Mark agreed to subscribe for an interest in the Partnership as a limited partner with a subscription amount of $2 million.  Full Article

Neway Group Holdings Ltd announces completion of placing
Thursday, 2 Jul 2015 04:36am EDT 

Neway Group Holdings Ltd:Says the condition precedent set out in the placing agreement had been fulfilled, and completion of the placing took place on July 2 in accordance with the terms and conditions of the placing agreement.An aggregate of 352,280,000 Placing Shares have been successfully placed to not less than six Placees who and whose ultimate beneficial owners are Independent Third Parties.The net proceeds from the Placing are about HK$82.2 million.  Full Article

Neway Group Holdings Ltd announces placing of new shares under general mandate
Thursday, 18 Jun 2015 06:13pm EDT 

Neway Group Holdings Ltd:Entered into placing agreement pursuant to which the company has appointed placing agent to procure, on fully underwritten basis, placees to subscribe (failing which placing agent itself will subscribe) for 352,280,000 placing shares at price of HK$0.24 per placing share.Says gross proceeds from placing will be about HK$84.5 million and net proceeds will be about HK$82.2 million.Says that it is intended that net proceeds from placing will be utilised as general working capital of the company (including but not limited to working capital for the company's loan business), acquisition of machinery and equipment and potential equity investment.  Full Article

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