Key Developments: HL Technology Group Ltd (1087.HK)

1087.HK on Hong Kong Stock

1.75HKD
19 Dec 2014
Price Change (% chg)

HK$0.01 (+0.57%)
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Latest Key Developments (Source: Significant Developments)

HL Technology Group Ltd does not propose dividend
Wednesday, 27 Aug 2014 08:00pm EDT 

HL Technology Group Ltd:No dividend has been paid or proposed by Company during six months ended June. 30, 2014, nor has any dividend been proposed since end of reporting period (six months ended June.30, 2013: Nil).  Full Article

HL Technology Group gives H1 2014 earnings outlook
Monday, 28 Jul 2014 07:09am EDT 

HL Technology Group Ltd:Expects to record a net profit for H1 2014 as compared to a net loss for the corresponding period in 2013.Says the net profit is mainly attributable to the profit from the terminal and network businesses, disposal of most of its loss-making businesses by the Group during the second half of 2013 and gains on disposals of the interests of certain subsidiaries.  Full Article

HL Technology Group Ltd announces no dividend
Thursday, 27 Mar 2014 06:10pm EDT 

HL Technology Group Ltd:Says no dividend has been paid or proposed by the company during FY 2013 nor has any dividend been proposed since the end of the reporting period (2012: nil).  Full Article

HL Technology Group Ltd's Weihai Electronic announces disposal of Wuhan Honglin Technology Co., Ltd
Friday, 10 Jan 2014 09:15am EST 

HL Technology Group Ltd:Says that, on 10 Jan. 10, the Vendor, a wholly-owned subsidiary (Weihai Electronic) of the company, entered into the Disposal Agreements.Says pursuant to the disposal agreements, the Vendor agreed to dispose of, in aggregate, the entire equity interest in the target company to Wuhan Yaguang Xinmin and Hubei Kangpusi at a total consideration of about 52.0 million yuan (equivalent to about HK$62.4 million).Says target company - Wuhan Honglin Technology Co., Ltd, a company established in the PRC with limited liability, which is a wholly-owned subsidiary of the company before the disposal.Says the sales proceeds from the Disposal will be utilised by the Group as general working capital.  Full Article

HL Technology Group Ltd comments on FY 2013 earnings outlook
Tuesday, 24 Dec 2013 04:00am EST 

HL Technology Group Ltd:Says for FY 2013 it expects to record a loss which is expected to be greater than that recorded for the H1 2013.Says the loss was mainly attributable to, among other things, that the continuing challenges and uncertainties in the global economies and the computer and consumer electronics industries which had severely affected the Group’s businesses.Says and also because of, a substantial notional interest expense incurred by the Remaining Group due to the early redemption of the promissory note (which was issued by the company as the consideration for acquiring Rosy Sun Investments Limited) as a result of the Disposal.  Full Article

HL Technology Group Ltd Announces Disposal Of Wuhan Electronic
Friday, 27 Sep 2013 05:27am EDT 

HL Technology Group Ltd announced that, on September 27, 2013 (after trading hours), the Company entered into the Disposal Agreement I with U&T. Pursuant to the Disposal Agreement I, the Company agreed to dispose of and U&T agreed to purchase 25% equity interest in Wuhan Electronic at the consideration of CNY1.25 million (equivalent to approximately HKD1.56 million). On the same day, Weihai Electronic, an indirectly wholly-owned subsidiary of the Company, entered into the Disposal Agreement II with Rongfa Electronic. Pursuant to the Disposal Agreement II, Weihai Electronic agreed to dispose of and Rongfa Electronic agreed to purchase 75% equity interest in Wuhan Electronic at the consideration of CNY3.75 million (equivalent to approximately HKD4.69 million). Upon completion of the transactions contemplated under the Disposal Agreements, the Company will not, directly or indirectly, hold any equity interest in Wuhan Electronic, who will thereupon cease to be a subsidiary of the Company. The Consideration will be paid by the respective purchasers in cash within 180 days after the completion of the registration of the transfers of the said equity interest in the relevant Industrial and Commercial Bureau in the PRC. The sales proceeds will be utilized by the Group as general working capital for business development. Wuhan Electronic is a company established in the PRC with limited liability by the Company and Weihai Electronic on October 11, 2005.  Full Article

HL Technology Group Ltd Does Not Recommend Interim Dividend
Wednesday, 28 Aug 2013 10:42am EDT 

HL Technology Group Ltd announced that the Directors do not recommend the payment of any interim dividend for the six months ended June 30, 2013 (six months ended June 30, 2012: Nil).  Full Article

HL Technology Group Ltd Comments On H1 2013 Earnings Guidance
Monday, 22 Jul 2013 05:12am EDT 

HL Technology Group Ltd announced that, based on a preliminary review of the unaudited management accounts of the Group for the first half of 2013 and assessment of the information available, it expects to record a loss for the first half of 2013 as compared with the net profit recorded for first half of 2012. This was mainly attributable to, the continuing challenges and uncertainties in the global economies and the Computer, Consumer electronics and Communication (3Cs) industries which had severely affected the Group’s businesses, especially those in connection with the relatively more traditional products, such as external signal cable assembly, internal signal cable assembly, antennas and connectors which resulted in lower demands from the Group’s customers; and the decrease in gross profit mainly due to the general increase in labor cost and the decrease in average selling price of some of the Group’s products, especially the abovementioned products.  Full Article

HL Technology Group Ltd Announces No Dividend
Wednesday, 27 Mar 2013 10:32am EDT 

HL Technology Group Ltd announced that No dividend has been paid or proposed by the Company during the year ended December 31, 2012 nor has any dividend been proposed since the end of the reporting period (2011: Nil).  Full Article

HL Technology Group Ltd Comments On FY 2012 Earnings Guidance
Monday, 4 Feb 2013 09:00am EST 

HL Technology Group Ltd announced that based on a preliminary review of the unaudited management accounts of the Group for fiscal 2012, the Company is expected to record a loss for fiscal 2012 as compared with the net profit recorded for fiscal 2011 mainly attributable to: (i) the operating environment for global 3Cs markets encountered challenges and difficulties in 2012 and the pressure from the challenging operating environment continued to intensify; (ii) gross profit decreases mainly due to the general increase in labor cost and the decrease in average selling price of some of the Group’s products due to lower demands from the Company's major customers and more fierce competition in the global 3Cs industries in 2012; and (iii) the increase in operating expenses, including selling and distribution expenses and research and development expenses, as the Group continues to invest in new products and exploring markets that is expected to gradually begin to have revenue contribution from 2013 onwards.  Full Article

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