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SMI Holdings Group Ltd (0198.HK)

0198.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

SMI Holdings Group updates on transaction in relation to deemed disposal of Chengdu Runyun
Friday, 19 May 2017 09:47am EDT 

May 19 (Reuters) - SMI Holdings Group Ltd <0198.HK>:Update on major transaction in relation to deemed disposal of Chengdu Runyun.Co obtained written approval from Qin Hui, who is interested in approximately 62.00% of total number of issued shares of co.Refers to announcement in relation to transaction involving deemed disposal of 15.63% ownership interests in Chengdu Runyun.  Full Article

Smi Holdings reopens negotiations in relation to possible acquisition
Thursday, 4 May 2017 10:51am EDT 

May 4 (Reuters) - Smi Holdings Group Ltd <0198.HK>::SMI holdings and SMI culture & travel recently have reopened negotiations in relation to possible acquisition.SMI Holdings will acquire sale shares at a consideration of RMB150 million.Entered into MOU to negotiate & enter into formal agreement on possible acquisition of shares held by vendor in Ticketchina Holdings Ltd.consideration of RMB 150 million, RMB100 million to be settled by issue of convertible bonds by smi culture & travel, and remaining rmb50 million to be settled by cash.  Full Article

SMI Holdings proposes share consolidation
Wednesday, 26 Apr 2017 08:34am EDT 

April 26 (Reuters) - Smi Holdings Group Ltd <0198.HK>:Every 5 issued and unissued existing shares of HK$0.10 each in share capital of co be consolidated into 1 consolidated share of HK$0.50 each.  Full Article

SMI Holdings Group redesignates Cheng Chi Chung, current CEO, as Chairman
Thursday, 6 Apr 2017 10:59am EDT 

Smi Holdings Group Ltd <0198.HK> : Kong Dalu was appointed as an executive director of company with effective from 6 april 2017 . Yang Rongbing, currently an executive director, is redesignated as CEO . Cheng Chi Chung, currently an executive director and chief executive officer of company, is redesignated as chairman of board .Allan Yap has been appointed as honorary chairman of company.  Full Article

SMI Holdings Group says unit entered into capital increase agreements with investors
Wednesday, 15 Mar 2017 11:08am EDT 

Smi Holdings Group Ltd <0198.HK> : Chengdu Runyun, a subsidiary of company, entered into capital increase agreements with investors . Following completion, ownership interests of group in Chengdu Runyun will be diluted from 100 percent to 84.37 percent . Investors have conditionally agreed to make an aggregate capital contribution of RMB2.50 billion .Expected gain from deemed disposal of company will be amounted to approximately RMB2.32 billion.  Full Article

SMI Culture enters subscrpition agreement<0198.HK>
Monday, 5 Sep 2016 06:07pm EDT 

SMI Holdings Group Ltd <0198.HK>: ...more joint announcement proposed issue of convertible bonds and provision of guarantee <0198.HK> . SMI culture and the investor entered into the subscription agreement . SMI culture agreed to issue and the investor has conditionally agreed to subscribe for the convertible bonds . Investor agreed to subscribe for the convertible bonds with an aggregate principal amount of HK$65mln .  Full Article

SMI Holdings Group HY net profit HK$275.0 million<0198.HK>
Wednesday, 31 Aug 2016 07:34am EDT 

SMI Holdings Group Ltd <0198.HK>: Announcement of interim results for the six months ended 30 June 2016 . HY net profit HK$275.0 million versus HK$191.1 million . No interim dividend was proposed for the six months ended 30 June 2016 . HY revenue increased by 30.6% to approximately HK$1.83 billion . Looking ahead into second half of year, China's box office revenue will be getting closer to that of U.S. market . Plan is to set up more than 300 theatres across the nation by the end of 2016 . Plans to develop business in the third and fourth tier cities. . Believe that revenue from non-box office business will become important sources of revenue of the group .  Full Article

SMI Holdings says Orient Securities Asset Management intends to establish a trust benefit rights proposal<0198.HK>
Tuesday, 9 Aug 2016 09:17am EDT 

SMI Holdings Group Ltd <0198.HK>: Orient securities asset management co., ltd. intends to establish the SMI cinemas trust benefit rights phase two assets back proposal . SMI International cinemas trust benefit rights phase two assets back proposal of RMB1.5 billion . Pledged assets of the proposal is part of the future box office revenue from 50 cinemas operated by SMI Holdings Group . Orient Securities Asset Management Co., Ltd. intends to issue to investors senior assets backed securities and subordinate asset backed securities under proposal. .  Full Article

SMI Holdings says co entered into two subscription agreements<0198.HK>
Monday, 20 Jun 2016 04:43am EDT 

SMI Holdings Group Ltd <0198.HK>: On 14 June 2016 and 17 June 2016, the company entered into two subscription agreements with the subscribers . Company agreed to issue the bonds in an aggregate principal amount of up to HK$400 million . Company agreed to issue the notes in an aggregate principal amount of up to US$43.6 million .  Full Article

SMI Holdings Group to acquire entire issued share capital of Loyal Coach<0198.HK>
Tuesday, 31 May 2016 06:04pm EDT 

SMI Holdings Group Ltd <0198.HK>: Memorandum of understanding in relation to the possible acquisition <0198.HK> . On 31 may 2016 the company and the vendors entered into the mou . The consideration for the possible acquisition is preliminarily determined to be RMB1.5 billion . Company will acquire the entire issued share capital of the target company from the vendors . Target company is Loyal Coach Limited .  Full Article