Key Developments: TPV Technology Ltd (0903.HK)

0903.HK on Hong Kong Stock

1.76HKD
24 Nov 2014
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Latest Key Developments (Source: Significant Developments)

TPV Technology Ltd 's subsidiary and each of Sang Fei and Jing Wah enters into master supplier agreement and the procurement agreement
Tuesday, 30 Sep 2014 05:07am EDT 

TPV Technology Ltd:Says Top Victory, a subsidiary of the company, and each of Sang Fei and Jing Wah entered into the master supplier agreement and the procurement agreement.Says the agreement is to accelerate the selling of the Philips branded mobile phones, AOC branded tablets and related products in selected markets covered by TPV.Says under the framework offered by the master supplier agreement, the Group and Sang Fei can work together to formulate competitive smart device bundles across a wide spectrum of products.Says by entering into of the procurement agreement, TPV could have access to a full range of tablet products offered by Jing Wah and leverage on Jing Wah’s mass production capacity to enhance of the profit margins of the Group.  Full Article

TPV Technology Ltd does not recommend interim dividend
Thursday, 21 Aug 2014 10:57am EDT 

TPV Technology Ltd:Does not recommend payment of interim dividend for six months ended June 30 (six months ended June 30, 2013: Nil).  Full Article

TPV Technology does not recommend interim dividend
Tuesday, 13 May 2014 07:12am EDT 

TPV Technology Ltd:Says no interim dividend has been declared/recommended for the period ended March 31 (Three months ended March 31, 2013: Nil).  Full Article

TPV Technology Ltd gives Q1 2014 earnings guidance
Tuesday, 15 Apr 2014 12:28am EDT 

TPV Technology Ltd:Expects to record loss attributable to owners of the company in range of $40 - $60 mln for Q1 2014.  Full Article

TPV Technology Ltd' MMD to acquire remaining 30 pct equity interest in TP Vision
Tuesday, 25 Mar 2014 07:19am EDT 

TPV Technology Ltd:Says its subsidiary Cooperatie MMD Meridian U.A (MMD) and TP Vision entered into the 30 pct sale and purchase agreement with Philips pursuant to which MMD to acquire the remaining 30 pct equity interest in TP Vision.The amount equal to 30 pct of the new deferred purchase price and 70 pct of the new deferred purchase price will be attributed to the sale and transfer of the 70 pct equity interest in TP Vision acquired by MMD on April 1 2012.Following completion, TP Vision will become an indirect wholly-owned subsidiary of the company.  Full Article

TPV Technology Ltd recommends final dividend
Wednesday, 19 Mar 2014 10:58am EDT 

TPV Technology Ltd:Board will recommend at the forthcoming annual general meeting the payment of final dividend of $0.00128 (2012: $0.0097 ) per share.Payable in cash to shareholders whose names appearing on the registers of members of company on May 29.  Full Article

TPV Technology Ltd issues FY 2013 earnings guidance
Friday, 28 Feb 2014 04:38am EST 

TPV Technology Ltd:Expects to record a loss after tax for FY 2013 compared to a profit after tax for 2012.  Full Article

TPV Technology Ltd's MMD proposes acquisition of remaining 30 pct interest in joint venture with Philips
Monday, 20 Jan 2014 05:17am EST 

TPV Technology Ltd:Refers to previous announcement relating to the acquisition by MMD of a 70 pct shareholding in JVCo, the joint venture with Philips relating to the Philips TV business in Europe and certain South American countries and licensing of Philips trademarks.Says the company, MMD and Philips entered into the Term Sheet, pursuant to which the company, MMD and Philips have agreed on the following key terms that will be contained in the definitive agreements.Says MMD will acquire from Philips the remaining 30 pct shareholding in JVCo for a deferred purchase price, which will be combined with the deferred purchase price for the 70 pct stake acquired by MMD on Apr. 1, 2012.Says subject to a cap of $375 mln the combined deferred purchase price for 100 pct of the shares in JVCo will be calculated based on four times the Average Proportional EBIT.Says the trademark license agreement between Philipsand JVCo will remain in place, with an annual royalty of 2.2 pct of sales payable by JVCo to Philips, but the guaranteed minimum annual royalty will be reduced from 50 mln Euro to 40 mln Euro from Apr. 1.Says the shareholders agreement dated Apr.1, 2012 between the company, MMD, Philips and JVCo will be terminated.Says Philips will provide a support of 50 mln Euro to JVCo.  Full Article

TPV Technology Ltd enters into supplemental joint venture agreement and supplemental investment agreement
Monday, 20 Jan 2014 04:15am EST 

TPV Technology Ltd:Reference is made to the announcement of the company dated Apr. 27, 2012 in relation to the establishment of the Joint Venture.Says on Jan. 20 Top Victory, a wholly-owned subsidiary of the company, and five parties entered into the supplemental joint venture agreement and three parties entered into the supplemental investment agreement, in relation to the joint venture.Says the principal business activities of the joint venture will be including, among other things to research, develop, manufacture and sell the products.Says to provide services in relation to the products.Says to import and export of a variety of products and technologies.Says upon completion, the total investment of the Joint Venture will become 29,150 mln Yuan and the registered capital of the Joint Venture will continue to be remain unchanged of 17,500 mln Yuan.Says the term of the Joint Venture shall be 30 years from the date of obtaining the business license of the joint venture pursuant to the supplemental joint venture agreement.  Full Article

TPV Technology Ltd announces disposal of property
Monday, 25 Nov 2013 07:59am EST 

TPV Technology Ltd:Says its subsidiaries Top Victory Fujian and TPV Electronics Fujian entered into the Property Resumption Agreement with Fuqing Municipal People’s Government to dispose of the Property for a consideration of Chinese Yuan 576,690,000 (equivalent to approximately US$94,635,000).The Property comprises of the Land and the Buildings.  Full Article

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