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Elife Holdings Ltd (0223.HK)

0223.HK on Hong Kong Stock

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Elife Holdings says unit enters supply agreement with Huimin and Zhang
Wednesday, 8 Mar 2017 06:49am EST 

Elife Holdings Ltd <0223.HK> : Zhongnongxin Supply Chain, an indirect unit of company, entered into supply agreement with Huimin and Zhang .Zhongnongxin Supply Chain will be required to pay to huimin performance deposit of rmb50 million on and subject to terms of supply agreement.  Full Article

Elife updates on conditional subscription agreement
Thursday, 9 Feb 2017 04:27am EST 

Elife Holdings Ltd <0223.HK> : Reference is made to announcement of company dated 22 november 2016 in relation to conditional subscription agreement . Chen decided not to proceed with subscription of 28% of issued share capital of national gain . Subscription agreement lapsed and became null and void forthwith on 31 Dec 2016 and both parties thereto were released from all obligations thereunder . Group has sufficient capacity to finance start-up capital to be invested in national gain group . Intends to maintain its 100% shareholding in national gain . Intends to continue pursuing investment of up to about hk$100 million as start-up capital in national gain group . Subscription amount by chen is considered immaterial relative to total investment of approximately hk$100 million in national gain group .Direction and plan for strategic cooperation with huimin remain unchanged and unaffected by lapse of subscription agreement.  Full Article

Sino Resources Group updates on subscription agreement and strategic cooperation agreement
Tuesday, 22 Nov 2016 09:08am EST 

Sino Resources Group Ltd <0223.HK> : Group entered into subscription agreement and strategic cooperation agreement with various parties . Company and chen agreed to contribute hk$7.2 million and hk$2.8 million into share capital of National Gain . Total contribution amount of hk$10 million is agreed between group and national gain . Company, Chen and National Gain entered into subscription agreement . Upon completion, National Gain will be held as to 72% and 28% by co and chen, respectively . Hui Min International And Huimin entered into strategic cooperation agreement .Pursuant to strategic cooperation agreement Hui Min International Appointed as overseas procurement and supply agent of Huimin.  Full Article

Sino Resources Group issues positive profit alert<0223.HK>
Tuesday, 21 Jun 2016 08:51am EDT 

Sino Resources Group Ltd <0223.HK>: Positive profit alert <0223.HK> . Group is expected to record a significant increase in profit for the year ended 31 March 2016 . Result due to the record of an extraordinary gain on settlement of litigations of approximately hk$350 million .  Full Article

Sino Resources Group Ltd says appointment of chairman
Tuesday, 22 Sep 2015 08:46am EDT 

Sino Resources Group Ltd:Says Geng Ying has been re-designated as a non-executive director and appointed as honorable chairman of the company.Says Zhang Xiaobin has been appointed as the chairman of the company.  Full Article

Sino Resources Group Ltd entered into second supplemental agreement
Monday, 31 Aug 2015 07:30am EDT 

Sino Resources Group Ltd:Reference is made to the Company’s announcement dated 17 September 2014 in relation to the discloseable transaction as regards the Acquisition.On 31 August 2015, the Company, the Vendor and the Vendor Guarantor entered into the second supplemental agreement to the Sale and Purchase Agreement.Pursuant to the Second Supplemental Agreement, the parties to the Sale and Purchase Agreement agreed that the Promissory Note issued on 29 September 2014 shall be cancelled on 31 August 2015 and replaced by a new promissory note to be issued by the Company to the Vendor on the same date.Says in new Promissory Note the principal amount of the Second Promissory Note is adjusted to HK$10,946,830 and the Maturity Date will be extended to 27 March 2016.  Full Article

Sino Resources Group Ltd gives FY 2015 guidance
Thursday, 25 Jun 2015 12:01am EDT 

Sino Resources Group Ltd:Says based on preliminary review of draft management accounts of the company for FY 2015, the company shall record a significant increase in revenue of about HK$150 million and a significant increase in loss of about HK$76 million for FY 2015 as compared to FY 2014.  Full Article

Sino Resources Group Ltd announces completion of second tranche share placement under Tri-party agreement
Tuesday, 2 Jun 2015 12:05am EDT 

Sino Resources Group Ltd:Completed on June 2, in accordance with terms of tri-party agreement (as supplemented by seven supplemental agreements thereto) in which aggregate of 127,500,000 unreleased consideration shares, representing about 3.30 pct. of issued share capital of the company as at date of this announcement.Have been successfully placed to not less than six placees at new placing price of HK$0.188 each (the second tranche share placement).Net proceeds from second tranche share placement amount to about HK$23.7 million, which will be utilised by the company as its general working capital and to finance future acquisitions when investment opportunities arise.  Full Article

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