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SMI Holdings Group Ltd (0198.HK)

0198.HK on Hong Kong Stock

4.10HKD
26 Sep 2017
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Latest Key Developments (Source: Significant Developments)

SMI Holdings updates on restructuring framework agreement
10:22am EDT 

Sept 26 (Reuters) - Smi Holdings Group Ltd <0198.HK>:Inside information the restructuring framework agreement .Restructuring framework agreement is for company and success electronics to proceed with disposal in next step.Company and success electronics entered into restructuring framework agreement.Company and success electronics reached consensus on restructuring plan and follow-up arrangements in relation to disposal on a preliminary basis.After preliminary negotiations, parties agree success electronics shall acquire all or part of equity of Chengdu Runyun.  Full Article

SMI Holdings says Wai Yee Tai will be appointed as executive director
Tuesday, 5 Sep 2017 09:56am EDT 

Sept 5 (Reuters) - SMI Holdings Group Ltd <0198.HK>::Wai Yee Tai will be appointed as an executive director and executive chairman of board.Cheng Chi Chung ceased to be chairman of board and remains as an executive director of company.  Full Article

SMI Holdings Group says HY profit for the period attributable HK$305.2 mln
Thursday, 31 Aug 2017 08:04am EDT 

Aug 31 (Reuters) - SMI Holdings Group Ltd <0198.HK>::HY profit for the period attributable HK$305.2 million versus HK$275 million.HY revenue rose by 23.2 percent to about HK$2,259 million.Does not recommend payment of interim dividend for six months ended 30 june 2017.  Full Article

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

BRIEF-SMI Holdings updates on restructuring framework agreement

* Restructuring framework agreement is for company and success electronics to proceed with disposal in next step