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Baofeng Modern International Holdings Co Ltd (1121.HK)

1121.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Baofeng Modern International updates on 2016 annual results
Tuesday, 18 Apr 2017 08:58am EDT 

April 18 (Reuters) - Baofeng Modern International Holdings Co Ltd <1121.HK> ::Still in process of providing information to auditor to complete audit procedures in respect of 2016 annual results.Information related to going concern issue of group and valuation of intangible assets of group as at 31 december 2016.Say trading in shares of company will remain suspended until further notice.  Full Article

Baofeng Modern International updates on sales for HY 2016 and profit warning<1121.HK>
Tuesday, 26 Jul 2016 07:21am EDT 

Baofeng Modern International Holdings Co Ltd <1121.HK>: Sales for the six months ended 30 June 2016 and profit warning <1121.HK> . Expected result due to the decline in sales of own branded products during the reporting period . "Expect that sales of the group will improve in the second half of 2016" . Expects to record increase in net loss before tax for HY . Says sales of the group for hy amounted to rmb94.93 million . Increase in net loss before tax due to share-based payment expenses in relation to the share options .  Full Article

Baofeng Modern says unit signed three-year sales contract<1121.HK>
Friday, 22 Jul 2016 06:40am EDT 

Baofeng Modern International Holdings Co Ltd <1121.HK>: Xinfeng 2d (Fujian) Material Technology Company signed a three-year sales contract with a large domestic sportswear brand customer . Contract for supply of Graphene- Based Eva Foam Material with a total sales amount of RMB160 million .  Full Article

Baofeng Modern International says unit enters into System Development Agreement<1121.HK>
Monday, 18 Jul 2016 09:22am EDT 

Baofeng Modern International Holdings Co Ltd <1121.HK>: Discloseable transaction in relation to the system development agreement <1121.HK> . BAOF, a wholly- owned subsidiary of the company and Fujian Xingda entered into the system development agreement . Says BAOF agreed to engage Fujian Xingda in providing design and development services for the project . Expected services fee payable by baof to Fujian Xingda for design and development services under system development agreement shall be RMB40 million . Source (http://bit.ly/29I3qSa) ((For more news, please click here [1121.HK])) ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Baofeng Modern International Holdings Co Ltd says entered into acquisition agreement with vendor and guarantor
Wednesday, 14 Oct 2015 10:52am EDT 

Baofeng Modern International Holdings Co Ltd:Company, the vendor and the guarantor entered into the acquisition agreement.Vendor has conditionally agreed to sell, the technology.Deal at a maximum consideration of 1.80 billion yuan.Consideration is to be satisfied as to a maximum of HK$2,011.20 million in cash and as to HK$184.80 million by way of issuance of the Convertible Bonds by the Company.Company intends to finance the Consideration by the internal resources of the Company.  Full Article

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