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New Sports Group Ltd (0299.HK)

0299.HK on Hong Kong Stock

0.07HKD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

New Sports Group says expected to record further loss in second half of year 2016
Thursday, 16 Mar 2017 04:34am EDT 

New Sports Group Ltd <0299.HK>: Expected to record a further loss (on a consolidated basis) in second half of year 2016 .Expected result due to decrease in revenue as result of complete cessation of software development business during year.  Full Article

New Sports Group expects to record further loss in second half of year 2016
Wednesday, 15 Mar 2017 07:56am EDT 

New Sports Group Ltd <0299.HK> : Expected to record a further loss (on a consolidated basis) in second half of year 2016 .Expected result due to further impairment losses on goodwill and other intangible assets.  Full Article

New Sports updates on MOU relating to a possible set up of a joint venture
Tuesday, 21 Feb 2017 06:51am EST 

New Sports Group Ltd <0299.HK> : Shenzhen Baoxin Sport Industry and Huang Xintao entered into a non-legally binding memorandum of understanding .Pursuant to MOU Baoxin and Huang proposed to establish a JV company, equity interest of which is proposed to be held as to 75% by Baoxin and 25% by Huang.  Full Article

New Sports Group says Fong Chi Kong appointed as CFO
Thursday, 19 Jan 2017 07:03am EST 

New Sports Group Ltd <0299.HK>: Wong Yu King has tendered his resignation as chief financial officer of company with effect from 20 January 2017 .Fong Chi Kong was appointed as chief financial officer.  Full Article

New Sports Group says may not proceed with potential acquisition under MOU
Wednesday, 5 Oct 2016 09:01am EDT 

New Sports Group Ltd <0299.HK> : Noted that wuxi xinyou and its shareholders had entered into an agreement relating to sale of equity interests in to another purchaser .Company will not proceed with potential acquisition under MOU.  Full Article

New Sports Group enters memorandum of understanding<0299.HK>
Friday, 2 Sep 2016 08:18am EDT 

New Sports Group Ltd <0299.HK>: Memorandum of understanding in relation to a potential transaction <0299.HK> . Under mou, proposed that purchaser will buy from the seller at a consideration in the range of hk$900 million to hk$1.1 billion . Unit New Sports Investment Holding Limited, Yue Jin International Limited and Zhang Zhenchun entered into a non-legally binding mou .  Full Article

New Sports Group updates on potential acquisition<0299.HK>
Monday, 29 Aug 2016 10:51am EDT 

New Sports Group Ltd <0299.HK>: Payment by the group in connection with the potential acquisition under mou dated 17 November 2015, past discloseable transaction in relation to certain loans and resumption in trading <0299.HK> . The company will not proceed with the potential acquisition under the mou . Says board has taken immediate action to seek legal advice . Noted Wuxi xinyou and its shareholders had entered into deal relating to sale of equity interests in Wuxi xinyou to another purchaser .  Full Article

New Sports Group says trading has been halted<0299.HK>
Monday, 22 Aug 2016 09:10pm EDT 

New Sports Group Ltd <0299.HK>: Trading has been halted pending announcement containing inside information relating to memorandum of understanding dated 17 November 2015 .  Full Article

New Sports Group updates on profit warning<0299.HK>
Friday, 19 Aug 2016 05:08am EDT 

New Sports Group Ltd <0299.HK>: Profit warning <0299.HK> . Is of the opinion that an additional impairment provision of approximately hk$176.5 million will be made in the financial report of group for HY . Impairment provision is likely to have a further impact on the loss of the group for HY . Says the possible impairment loss has no effect on the cash flow for the group's operation .  Full Article

New Sports expects to record a net loss for HY ended 30 June 2016<0299.HK>
Wednesday, 27 Jul 2016 04:32am EDT 

New Sports Group Ltd <0299.HK>: For six months ended 30 June 2016 group expected to record a net loss of approximately HK$77.6 mlnfor the reporting period . Says expected result due to the expected drop of revenue of the group from HK$284.3 million to HK$63.2 million .  Full Article

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BRIEF-New Sports Group expects to record further loss in second half of year 2016

* Expected to record a further loss (on a consolidated basis) in second half of year 2016

No consensus analysis data available.