Key Developments: CIL Holdings Ltd (0479.HK)
0.10HKD
15 May 2013
HK$-0.01 (-7.14%)
HK$0.11
HK$0.11
HK$0.11
HK$0.10
7,680,000
7,593,579
HK$0.55
HK$0.06
Latest Key Developments (Source: Significant Developments)
CIL Holdings Ltd Announces No Interim Dividend
CIL Holdings Ltd announced that no interim dividend was paid or proposed for the six months ended December 31, 2012 (2011: nil), nor has any dividend been proposed since the end of the reporting period. Full Article
CIL Holdings Ltd Announces No Dividend
CIL Holdings Ltd announced that no interim dividend was paid or proposed for the six months ended December 31, 2012 (2011: nil), nor has any dividend been proposed since the end of the reporting period. Full Article
CIL Holdings Ltd Comments On H1 2013 Earnings Guidance
CIL Holdings Ltd announced that it is likely to record further unaudited consolidated net loss for the first half of 2013. Full Article
CIL Holdings Ltd Enters Into Memorandum Of Understanding With Xi Zang Qi Ming And Guangzhou He Dao
CIL Holdings Ltd announced that, on December 17, 2012 (after trading hours), the Company entered into a Memorandum of Understanding with Xi Zang Qi Ming and Guangzhou He Dao in relation to, among other things, setting forth the understanding and certain initial terms with regard to the purchase by the Company or its subsidiary of the entire or part of the equity interest in the Target Company. The Purchaser will pay Xi Zang Qi Ming an earnest money in the amount of HKD7,000,000.00 (the “Earnest Money”) within five days after the execution of the Memorandum of Understanding by all the parties thereto and will conduct due diligence review of the Target Company in terms of its assets, business and any other matters after the execution of the Memorandum of Understanding as aforesaid. The completion of the Acquisition is conditional upon, among other things, the execution of the Formal S&P Agreement by the Purchaser, the Vendor and relevant parties; the findings of the due diligence review being to the satisfaction of the Purchaser; obtaining legal opinions from various legal advisers on the validity and legality of the incorporation and business operation of the Target Company or its group companies and the Acquisition; the Purchaser effecting the Acquisition. Full Article
CIL Holdings Ltd Announces Completion Of Placing Of New Shares Under General Mandate
CIL Holdings Ltd announced that all conditions of the Placing have been fulfilled and the completion of the Placing took place on November 29, 2012. 50,000,000 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HKD0.40 per Placing Share pursuant to the terms and conditions of the Placing Agreement. The net proceeds from the Placing, after deducting related placing commission and other related expenses in connection with the Placing, is approximately HKD19.65 million. Full Article
CIL Holdings Ltd Announces Placing Of New Shares Under General Mandate
CIL Holdings Ltd announced that, on November 19, 2012 (after trading hours), the Company and the Placing Agent entered into the Placing Agreement pursuant to which the Placing Agent has conditionally agreed to place a total aggregate of 50,000,000 new Shares, on a best effort basis, to not less than six Placees at a price of HKD0.40 per Share. The 50,000,000 Placing Shares represents approximately 4.77% of the existing issued share capital of the Company of 1,049,165,846 Shares as at the date of this announcement and approximately 4.55% of the then issued share capital of 1,099,165,846 Shares as enlarged by the Placing. The maximum gross proceeds from the Placing will be HKD20.00 million. The maximum net proceeds, after deduction of the Placing commission and other related expenses, are estimated to be approximately HKD19.65 million. The Company intends to apply the net proceeds towards general working capital of the Group. Full Article
CIL Holdings Ltd Announces No Dividend
CIL Holdings Ltd announced that no dividend was paid or proposed for the year ended June 30, 2012 (2011: nil), nor has any dividend been proposed since the end of the reporting period. Full Article
CIL Holdings Ltd Comments On FY 2012 Earnings Guidance
CIL Holdings Ltd announced that for fiscal 2012, it expects to record further audited consolidated net loss as compared with that for the year ended June 30, 2011. Full Article
CIL Holdings Limited Comments On H1 2012 Guidance
CIL Holdings Limited announced that the financial performance of the Company for the first half of 2012 was adversely affected by, inter alia, the issue of share options to the directors of the Company employees of the Company (the Share Options), where pursuant to the Hong Kong Financial Reporting Standard 2 – Share-based Payment (HKFRS 2) issued by the Hong Kong Institute of Certified Public Accountants, the fair value of the Share Options should be recorded as an expense to the Company in the reporting period. Despite the above, revenue generated from the ordinary course of business of the Company for the first half of 2012 has recorded a slight increase as compared with the first half of 2011. Based on information currently available to the Board, the Board estimates that the Company is likely to record further net loss for the first half of 2012 as compared with the first half of 2011. Full Article
CIL Holdings Limited Does Not Recommend Dividend
CIL Holdings Limited announced that the Directors do not recommend the payment of any dividend in respect of the year ended June 30, 2011. Full Article
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