Key Developments: Universal Technologies Holdings Ltd (1026.HK)

1026.HK on Hong Kong Stock

0.46HKD
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Universal Technologies Holdings Ltd does not recommend interim dividend
Friday, 29 Aug 2014 10:50am EDT 

Universal Technologies Holdings Ltd:Does not recommend payment of interim dividend for six months ended June 30, 2014 (six months ended June 30, 2013: Nil).  Full Article

Universal Technologies Holdings Ltd updates H1 2014 earnings guidance
Wednesday, 27 Aug 2014 10:42am EDT 

Universal Technologies Holdings Ltd:Expects that the Group may record a small profit for H1 2014 compared with the corresponding period in 2013.  Full Article

Universal Technologies Holdings gives H1 2014 earnings guidance
Friday, 25 Jul 2014 05:33am EDT 

Universal Technologies Holdings Ltd:Expects to record an increase in net loss for H1 2014 compared with the corresponding period in 2013.Expected increase in net loss for H1 2014 would be principally due to the increase in operating costs, staff costs and administrative expenses.  Full Article

Universal Technologies Holdings Ltd does not recommend final dividend
Friday, 28 Mar 2014 10:51am EDT 

Universal Technologies Holdings Ltd:Says it does not recommend payment of any dividend for the year ended Dec. 31, 2013.  Full Article

Universal Technologies Holdings Ltd gives FY 2013 earnings guidance
Thursday, 2 Jan 2014 07:00pm EST 

Universal Technologies Holdings Ltd:Expects that the final results of the Group for FY 2013 may experience a substantial decline or loss as compared to the profit for FY 2012.  Full Article

Universal Technologies Holdings Ltd Does Not Recommend Interim Dividend
Friday, 30 Aug 2013 10:01am EDT 

Universal Technologies Holdings Ltd announced that the Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2013 (six months ended June 30, 2012: Nil).  Full Article

Universal Technologies Holdings Ltd Comments On H1 2013 Earnings Guidance
Monday, 12 Aug 2013 09:37am EDT 

Universal Technologies Holdings Ltd announced that it is expected that the unaudited results of the Company for the first half of 2013 may experience a substantial decline or loss as compared to the profit for the first half of 2012. Based on the information currently available, the Board considers that such decline would be principally due to the increase of costs and expenses.  Full Article

Universal Technologies Holdings Ltd Announces Completion Of Placing Of New Shares Under General Mandate
Tuesday, 23 Jul 2013 09:58am EDT 

Universal Technologies Holdings Ltd announced that all conditions precedent to the Placing Agreement have been fulfilled and completion of the Placing took place on July 23, 2013, whereby a total of 192,000,000 Placing Shares were placed by the Placing Agent to not less than six Placees at the Placing Price of HKD0.58 per Share. To the best of the Director’s knowledge, information and belief having made all reasonable enquiries, the Placees and their ultimate beneficial owners are third parties independent of and not connected with the Company, the directors, chief executive or substantial shareholders (as those terms are defined in the Listing Rules) of the Company or its subsidiaries and any of their respective associate. None of the Placees has become a substantial shareholder (as defined in the Listing Rules) of the Company as a result of the Placing. The gross proceeds from the Placing are approximately HKD111.36 million and the net proceeds from the Placing, after deducting the placing commission and other professional fees incurred by the Company in the Placing, are approximately HKD108.58 million.  Full Article

Universal Technologies Holdings Ltd Placing Of New Shares Under General Mandate
Tuesday, 18 Jun 2013 06:04pm EDT 

Universal Technologies Holdings Ltd announced that on June 18, 2013 (after trading hours), the Placing Agent and the Company entered into the Placing Agreement pursuant to which the Company has conditionally agreed to place, through the Placing Agent on a best effort basis, an aggregate maximum of 200,000,000 Placing Shares to not less than six Placees who and whose ultimate beneficial owners will be Independent Third Parties. A maximum of 200,000,000 Placing Shares under the Placing represent approximately 10.65% of the existing issued share capital of the Company of 1,878,448,858 Shares as at the date of this announcement and approximately 9.62% of the then issued share capital of Shares as enlarged by the Placing. The aggregate nominal value of the Placing Shares under the Placing will be HKD2,000,000. The maximum gross proceeds from the Placing will be approximately HKD116,000,000. The maximum net proceeds from the Placing will amount to approximately HKD113,000,000 which is intended to be used for expansion of business and potential investment opportunities and general working capital of the Group. The maximum net price raised per Share upon the completion of the Placing will be approximately HKD0.57 per Share.  Full Article

Universal Technologies Holdings Ltd Announces Dismissal And Appointment Of Chief Executive Officer
Monday, 3 Jun 2013 06:34pm EDT 

Universal Technologies Holdings Ltd announced that Mr. Xu Hui (‘Mr. Xu’) has been summary dismissed from the position of chief executive officer of the Company with immediate effect. Mr. Xu remains as an executive Director. The Board considered that Mr. Xu has not demonstrated the required diligent and professionalism as the chief executive officer of the Company during his time with the Company. The Board also concluded that Mr. Xu has been habitual neglectful in his duties. The Board will conduct further review on Mr. Xu’s previous work with the Company and will decide the course of action against Mr. Xu pursuant to further finding, if any. The Board is also pleased to announce that Mr. Chau Cheuk Wah (Mr. Chau) was appointed as the chief executive officer of the Company with effect from 3 June 2013.  Full Article

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