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Culture Landmark Investment Ltd (0674.HK)

0674.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Culture Landmark Investment disposes 13.5 mln shares
Wednesday, 17 May 2017 06:05pm EDT 

May 18 (Reuters) - Culture Landmark Investment Ltd <0674.HK>::Disposed on-market a total of 13.5 million shares of Leyou shares from 18 April 2017 to 17 May 2017.Disposal for an aggregate gross sale proceeds of approximately HK$21.5 million.As a result of disposal group is expected to recognize a gain of about HK$598,838 during year ending 31 march 2018.As a result of the disposal group expects to generate an aggregate profit of approximately HK$7.1 million.  Full Article

Culture Landmark Investment says Chang Eric Jackson appointed as CFO
Thursday, 30 Mar 2017 06:21pm EDT 

Culture Landmark Investment Ltd <0674.HK> : Cheung Hung Kwong has tendered his resignation as company secretary of company and chief financial officer of co .Chang Eric Jackson has been appointed as CFO.  Full Article

Culture Landmark Investment says Cheng Yang to resign CEO
Monday, 23 Jan 2017 06:23am EST 

Culture Landmark Investment Ltd <0674.HK> : Cheng Yang will resign as an executive director and chief executive officer . Lei Lei will resign as an executive director and deputy chief executive officer . Chan Wai will resign from his positions as company secretary of company and chief financial officer of company .Cheung Hung Kwong will be appointed as company secretary of company and chief financial officer.  Full Article

Culture Landmark Investment says Cheng Yang stepped down as chairman of board
Thursday, 8 Dec 2016 08:28am EST 

Culture Landmark Investment Ltd <0674.HK> : Cheng Yang has stepped down as chairman of board and Chen Weiwu has been appointed as chairman of board .Chen Weiwu, Chen Gengxian, Chen Songbin, and Zhou Houjie have been appointed as executive directors.  Full Article

Culture Landmark Investment says Grand Nice International entered sales and purchase agreement
Tuesday, 25 Oct 2016 10:49am EDT 

Culture Landmark Investment Ltd <0674.HK> : offeror entered into spa I with vendor I . offeror has conditionally agreed to purchase sale shares I . Offeror entered into spa II with vendor II . deal consideration for spa I of hk$106.1 million . share offer price of hk$0.33 for each share under share offer . Spa ii for a total consideration of hk$29 million . application has been made to stock exchange for resumption of trading in shares with effect from 9:00 a.m. On oct. 26 . vendor I is Cheng and vendor II is Idea Elite Investments Limited .offeror is Grand Nice International Limited.  Full Article

Culture Landmark's unit enters equity transfer agreement
Friday, 30 Sep 2016 08:07am EDT 

Culture Landmark Investment ltd : Culturelandmark-inside Information Disposal Of Interests In An Indirect Non-wholly Owned Subsidiary Of The Company <0674.HK> . Unit entered into an equity transfer agreement in respect of a disposal of 51% equity interests in Suzhou Great . Deal for consideration of RMB13.8 million .Group will record a gain on disposal of approximately HK$10,500.  Full Article

Culture Landmark Investment says Tsoi Tung has resigned as chief executive officer<0674.HK>
Monday, 15 Aug 2016 06:43am EDT 

Culture Landmark Investment Ltd <0674.HK>: Tsoi Tung has resigned as an executive director and the chief executive officer . Huang Ranfei has resigned as an executive director . Says role of the chief executive officer would be temporarily performed by Cheng Yang .  Full Article

Culture Landmark Investment Ltd updates on litigation<0674.HK>
Thursday, 2 Jun 2016 07:31am EDT 

Culture Landmark Investment Ltd <0674.HK>: Inside information update on the litigation in relation to the copyright co-operation agreements <0674.HK> . People's court of chaoyang, Beijing notified China music & song labs that application for litigation has been accepted .  Full Article

Culture Landmark Investment issues profit warning<0674.HK>
Monday, 23 May 2016 09:41am EDT 

Culture Landmark Investment Ltd <0674.HK>: Inside information litigation in relation to the copyright co-operation agreements; and profit warning <0674.HK> . It is expected that the group will continue to incur a loss for the year ended 31 March 2016 . Says costs of the litigation to be borne by mvcm association . The loss for the year will be of a significantly smaller amount as compared to last year . China music video broadcast (Shenzhen), song labs co will initiate legal proceedings against China music video collective management association . Decrease in loss is mainly due to absence of the loss on disposal of hua rong sheng shi holding ltd of about hk$16.0 million . Proceedings for payment of outstanding operating fees of RMB34 million by mvcm association to China music and song labs .  Full Article

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BRIEF-Culture Landmark Investment disposes 13.5 mln shares

* Disposed on-market a total of 13.5 million shares of Leyou shares from 18 April 2017 to 17 May 2017

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