Edition:
United States

Fortunet E-Commerce Group Ltd (1039.HK)

1039.HK on Hong Kong Stock

1.10HKD
22 Sep 2017
Change (% chg)

HK$0.03 (+2.80%)
Prev Close
HK$1.07
Open
HK$1.07
Day's High
HK$1.15
Day's Low
HK$1.04
Volume
8,454,000
Avg. Vol
3,930,386
52-wk High
HK$1.89
52-wk Low
HK$0.96

Latest Key Developments (Source: Significant Developments)

Fortunet E-commerce Group says HY revenue of group down 48 pct to RMB122.9 mln
Friday, 18 Aug 2017 07:32am EDT 

Aug 18 (Reuters) - Fortunet E-commerce Group Ltd <1039.HK>::Revenue of group decreased by 48% to RMB122.9 million for six months ended 30 June 2017.HY net profit attributable to equity shareholders of company amounted to RMB86.2 million versus net loss of RMB6.1 million.  Full Article

Fortunet E-Commerce expects profit for six months ended 30 June 2017
Tuesday, 1 Aug 2017 07:06am EDT 

Aug 1 (Reuters) - Fortunet E-commerce Group Ltd <1039.HK>::Group expects to record a consolidated profit for six months ended 30 June 2017.‍Expected result due to one-off profit of approximately rmb140 million from disposal of Chang Feng Holding​.  Full Article

Fortunet E-Commerce says FY net loss of RMB176.6 million
Wednesday, 22 Mar 2017 06:58pm EDT 

Fortunet E-commerce Group Ltd <1039.HK>: FY net loss attributable to equity shareholders of company amounted to RMB176.6 million versus loss of RMB574 million . Board does not recommend payment of any final dividend for year ended 31 december 2016. .FY revenue of group increased by 126.3pct to RMB385.5 million.  Full Article

Fortunet E-Commerce expects to record a decrease in net loss for FY ended 2016
Friday, 24 Feb 2017 07:24am EST 

Fortunet E-commerce Group Ltd <1039.HK> : Group expects to record a decrease in its net loss for year ended 31 december 2016 .Expected results due to less provisions or write-down are expected to be made for year ended 31 december 2016.  Full Article

Fortunet E-commerce says Pointsea agrees to subscribe for shares in JV company
Tuesday, 29 Nov 2016 07:13pm EST 

Fortunet E-commerce Group Ltd <1039.HK> : Pointsea Holdings, Extra Step and Joy Empire have conditionally agreed to subscribe for shares in JV company . After completion of additional subscription, jv company will be held as to 50% by Pointsea Holdings and 50% by investors .Subscription price payable by Pointsea Holdings shall be RMB100 million.  Full Article

Fortunet e-Commerce Group's unit enters into agreement with Easylink<1039.HK>
Tuesday, 30 Aug 2016 07:01pm EDT 

Fortunet e-Commerce Group Ltd <1039.HK>: Comm-discloseable transaction <1039.HK> . Says treasure ease, a non wholly-owned subsidiary of the company, entered into the agreement with Easylink . Subscription price payable by treasure ease and Easylink for additional shares shall be RMB80 million and RMB20 million respectively . Parties agreed to subscribe for shares in JV company and to cooperate in development of business of JV group . Says treasure ease and easylink have conditionally agreed to subscribe for additional shares in the JV company . Subscription price payable by treasure ease and Easylink for initial subscription shall be RMB80 and RMB20 respectively .  Full Article

Fortunet E-Comm in discussion regarding possible cooperation to set up a membership point alliance<1039.HK>
Monday, 25 Jul 2016 06:18pm EDT 

Fortunet e-Commerce Group Ltd <1039.HK>: Comm-voluntary announcement - business update <1039.HK> . Treasure ease and its subsidiaries are currently discussing with famous business partners for possible cooperation . Objective of the cooperation is to set up a membership point alliance, to establish a "point-connect" point-reward system and platform . Company has not yet finalised the terms of the cooperation .  Full Article