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Future World Financial Holdings Ltd (0572.HK)

0572.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Future World Financial expects to record net profit about HK$140 mln for year
Sunday, 19 Feb 2017 08:07pm EST 

Future World Financial Holdings Ltd <0572.HK> : Expects to record a net profit of approximately HK$140 million ( "net profit") for year ended 31 december 2016 .Expected net profit mainly attributable to new development of e-commerce business and disposal of a subsidiary.  Full Article

Future World Financial expects to record net profit about HK$140 mln for year<0572.HK>
Sunday, 19 Feb 2017 05:48pm EST 

Future World Financial Holdings Ltd <0572.HK> : Expects to record a net profit of approximately HK$140 million ( "net profit") for year ended 31 december 2016 .Expected net profit mainly attributable to new development of e-commerce business and disposal of a subsidiary.  Full Article

Central Wealth Financial Group issues profit warning<0572.HK>
Wednesday, 17 Aug 2016 07:40am EDT 

Central Wealth Financial Group Ltd <0572.HK>: Cent wealth fin-profit warning <0572.HK> . Says the group is expected to record a net loss for the six months ended 30 June 2016 . Says expected result due to decrease in revenue from securities trading and investment segment to approximately hk$334,000 .  Full Article

Central Wealth Financial says China Wisdom to invest in film project<0572.HK>
Tuesday, 12 Jul 2016 06:34am EDT 

Central Wealth Financial Group Ltd <0572.HK>: Cent wealth fin-voluntary announcement business update on proposed investment in a film project <0572.HK> . Pursuant to the agreement, China wisdom will investment RMB12 million . China Wisdom Group Limited entered into an agreement with an independent third party .  Full Article

Central Wealth Financial (previously China Packaging Group) issues Fy profit outlook
Wednesday, 2 Mar 2016 05:38am EST 

China Packaging Group Co Ltd:Says It is expected to record a net loss for the year ended 31 December 2015.Expected result due to revaluation gain of approximately hk$3,000,000 arising from change in fair value of investment property.  Full Article

China Packaging Group Co Ltd says completion of placing of new shares
Thursday, 22 Oct 2015 06:18am EDT 

China Packaging Group Co Ltd:Says GM Placing was completed on 22 October 2015 in accordance with terms and conditions of the GM Placing Agreement.According to Agreement an aggregate of 700,000,000 GM Placing Shares have been successfully placed to not less than six Placees at the Placing Price of HK$0.135 per GM Placing.  Full Article

China Packaging Group Co Ltd updates on placing agreements
Tuesday, 22 Sep 2015 08:48am EDT 

China Packaging Group Co Ltd:Says the placing agent and the company entered into the gm placing agreement.Has conditionally agreed to place up to 700 million gm placing shares at price of hk$0.135 per gm placing share.Net proceeds from both the gm placing and the sm placing will be approximately hk$216 million and hk$208 million respectively.Also agreed to place up to 900 million sm placing shares at the placing price of hk$0.135 per sm placing share.Net proceeds from placing are intended to be used as to about hk$130 million for repayment of the promissory notes to be issued.  Full Article

China Packaging Group Co Ltd says acquisition of entire equity interests of Metro Victor Ltd
Monday, 17 Aug 2015 08:11am EDT 

China Packaging Group Co Ltd:Says acquisition of the entire equity interests of Metro Victor Limited.China for you group co- purchaser, a wholly owned subsidiary of the company, entered into the sale and purchase agreement with the vendor.Says acquisition of sales shares for an aggregate consideration of hk$210 million.  Full Article

China Packaging Group Co Ltd gives H1 2015 loss outlook
Thursday, 16 Jul 2015 09:05am EDT 

China Packaging Group Co Ltd:Says based on the information currently available, it expects to record a net loss for H1 2015.Expected net loss for H1 2015 is mainly attributable to the specific provision made on other receivable.  Full Article

China Packaging Group Co Ltd announces placing of new shares under general mandate
Sunday, 28 Jun 2015 06:32am EDT 

China Packaging Group Co Ltd:Says the placing agent and the company entered into placing agreement pursuant to which the company has conditionally agreed to place through placing agent, on a best effort basis, up to 656,000,000 placing shares at the placing price of hk$0.26 per placing share.Says that it is expected that maximum gross proceeds and net proceeds from placing will be about HK$170.5 million and HK$165 million respectively.Says on such basis, net issue price will be about HK$0.251 per placing share.Says net proceeds from placing are intended to be used as (i) about HK$60 million for investment in listed securities and property in Hong Kong; (ii) about HK$45 million for the money lending business of the company; (iii) about HK$40 million for business development of CWSI;.And (iv) remaining balance of about HK$20 million for general working capital of the group to meet any future business development and obligations.  Full Article

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