Key Developments: Lung Cheong International Holdings Ltd (0348.HK)

0348.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Lung Cheong International Holdings Ltd does not recommend dividend
Friday, 27 Jun 2014 10:54am EDT 

Lung Cheong International Holdings Ltd:Says directors do not recommend any dividend in respect of year ended March 31, 2014 (2013: Nil).  Full Article

Lung Cheong International Holdings Ltd announces formation of joint venture company
Tuesday, 22 Apr 2014 01:00am EDT 

Lung Cheong International Holdings Ltd:Says that Qingdao Oasis, an indirect subsidiary of the company and Goodaymart, an indirect subsidiary of Haier Electronics, entered into the JV Agreement.The agreement is in relation to establishment of JV company.Which will be engaged in research and development, production, wholesaling and retailing of water purification equipment and accessories, installation and maintenance of water purification equipment and provision of relevant after-sale services in the PRC.JV company will be focused on “health and environment” and aims to become a prominent full-house water purification service provider.Upon the establishment Goodaymart and Qingdao Oasis will own 51 pct. and 49 pct. of the shareholding interest in the JV company respectively.  Full Article

Lung Cheong International Holdings Ltd does not recommend dividend
Friday, 6 Dec 2013 04:02am EST 

Lung Cheong International Holdings Ltd:Says the directors do not recommend the payment of interim dividend for the six months ended Sept. 30, 2013.  Full Article

Lung Cheong International Holdings Ltd Does Not Recommend Dividend
Tuesday, 25 Jun 2013 10:49am EDT 

Lung Cheong International Holdings Ltd announced that the directors do not recommend any dividend in respect of the year ended March 31, 2013 (2012: Nil)  Full Article

Lung Cheong International Holdings Ltd Comments On FY 2013 Profit Guidance
Friday, 31 May 2013 07:33am EDT 

Lung Cheong International Holdings Ltd announced that based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group expects to record a decrease in profit for fiscal 2013 as compared to the profit recorded by the Group for fiscal 2012.  Full Article

Lung Cheong International Holdings Ltd Announces Completion Of Placing Of New Shares
Tuesday, 2 Apr 2013 04:50am EDT 

Lung Cheong International Holdings Ltd announced that all conditions precedent of the placing as set out in the placing agreement have been fulfilled and the completion took place on April 2, 2013. The 2,000,000,000 Placing Shares have been successfully placed by the placing agent to not fewer than six placees, including 1,390,000,000 placing shares were placed to Haier Electrical Appliances second at the placing price of HKD0.20 per placing share in accordance with the terms and conditions of the placing agreement. The net proceeds (net of any related expenses borne by the Company) from the placing amounted to approximately HKD388 million.  Full Article

Lung Cheong International Holdings Ltd Does Not Recommend Interim Dividend
Thursday, 29 Nov 2012 09:57am EST 

Lung Cheong International Holdings Ltd announced that the Directors do not recommend the payment of interim dividend for the six months ended September 30, 2012 (2011: Nil).  Full Article

Lung Cheong International Holdings Ltd Comments On H1 2013 Earnings Guidance
Monday, 19 Nov 2012 07:22pm EST 

Lung Cheong International Holdings Ltd announced that based on the preliminary review of the unaudited consolidated management accounts of the Company, it is expected to record a significant decrease in profit for the first half of 2013 as compared to the profit recorded by the Company for the first half of 2012.  Full Article

Lung Cheong International Holdings Ltd Announces Placing Of New Shares Under Specific Mandate
Sunday, 18 Nov 2012 07:11pm EST 

Lung Cheong International Holdings Ltd announced that it has entered into the Placing Agreement with the Placing Agent on November 6, 2012, pursuant to which the Company appointed the Placing Agent as its sole and exclusive placing agent, on a besteffort basis, to procure not fewer than six Placees (who are Independent Third Parties) to subscribe for up to 2,000,000,000 Placing Shares at the Placing Price. On November 6, 2012, the Placing Agent procured a Placee and this Placee on the same day confirmed to the Placing Agent to subscribe a total of 1,390,000,000 Placing Shares at the Placing Price. The Placing Shares represent approximately 57.84% of the Company’s existing issued share capital and approximately 36.65% of the Company’s issued share capital as enlarged by the issue of the Placing Shares. The Placing Shares will be allotted under the Specific Mandate to be sought at the EGM. It is expected that the net proceeds from the Placing will amount to approximately HKD388 million. The Company intends to apply the aggregate net proceeds from the Placing towards business development of the Group into the new area and any future possible acquisitions and strategic investment which may bring in revenue when such opportunities arise and to improve the Group’s financial position.  Full Article

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