Key Developments: Sinogreen Energy International Group Ltd (1159.HK)

1159.HK on Hong Kong Stock

0.66HKD
17 Apr 2014
Price Change (% chg)

HK$-0.02 (-2.94%)
Prev Close
HK$0.68
Open
HK$0.68
Day's High
HK$0.68
Day's Low
HK$0.63
Volume
2,856,000
Avg. Vol
4,339,302
52-wk High
HK$0.69
52-wk Low
HK$0.19

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Latest Key Developments (Source: Significant Developments)

Sinogreen Energy International Group Ltd do not recommend final dividend
Tuesday, 25 Mar 2014 09:25am EDT 

Sinogreen Energy International Group Ltd:Do not recommend a final dividend for 2013 (2012: nil).  Full Article

Karce International Holdings Co Ltd Proposes Name Change
Tuesday, 19 Nov 2013 09:00am EST 

Karce International Holdings Co Ltd proposes to change the name of the Company from “Karce International Holdings Company Limited to Sinogreen Energy International Group Limited.  Full Article

Karce International Holdings Co Ltd Does Not Recommend Interim Dividend
Thursday, 15 Aug 2013 10:51am EDT 

Karce International Holdings Co Ltd announced that the Directors do not recommend any interim dividend for the six months ended June 30, 2013 (six months ended June 30, 2012: nil).  Full Article

Karce International Holdings Co Ltd Comments On H1 2013 Earnings Guidance
Friday, 26 Jul 2013 06:03am EDT 

Karce International Holdings Co Ltd announced that the Group expects to record an increase in consolidated net profit of the Group for the first half of 2013 as compared with that for the first half of 2012. The increase in the net profit of the Group for the Period was mainly attributable to the net effect of derecognition of certain of the Group’ s assets and liabilities arising from the cancellation of the Convertible Bonds of the Company issued to Taiwan Micro Display Corp. at the book value following the completion of a substantial disposal on March 5, 2013; and the cancellation of the Convertible Bonds of the Company issued to China Eagle Development Limited and Fairtime International Limited at the book value, and the cancellation of the outstanding Promissory Notes issued by a subsidiary of the Company to China Eagle following the judgment handed down in favour of the Group in the High Court Action 1660 of 2012.  Full Article

Karce International Holdings Co Ltd Announces Placing Of New Shares
Thursday, 6 Jun 2013 09:49am EDT 

Karce International Holdings Co Ltd announced that On June 6, 2013, the Company and the Placing Agent entered into the Placing Agreement, pursuant to which the Company has conditionally agreed to place, through the Placing Agent on a effort basis, a maximum of 140,468,000 Placing Shares at a price equal to 85% or more of the average closing price of the Share as quoted on the Stock Exchange for the last five trading days up to and including the date of confirmation of placing price with the placee who and whose ultimate beneficial owners are Independent Third Parties. The estimated Placing Price of HKD0.247 represents (i) a premium of approximately 1.23% to the closing price of HKD0.244 per Share as quoted on the Stock Exchange on 6 June 2013, being the date of the Placing Agreement; and (ii) a premium of 0.16% to the average closing price of HKD0.2466 as quoted on the Stock Exchange for the five consecutive trading days prior to the date of the Placing Agreement. The maximum gross proceeds from the Placing will be approximately HKD34,700,000. The maximum net proceeds, after deducting the placing commission and other related expenses, are estimated to be approximately HKD34,300,000. The maximum net price raised per Placing Share upon the completion of the Placing will be approximately HKD0.244. The Company intends to apply the net proceeds from the Placing for general working capital of the Group.  Full Article

Karce International Holdings Co Ltd Do Not Recommend Final Dividend
Thursday, 28 Mar 2013 10:00am EDT 

Karce International Holdings Co Ltd announced that no dividend has been paid or declared during each of the year ended December 31, 2011 and 2012. The directors do not recommend the payment of a final dividend for 2012 (2011: nil).  Full Article

Karce International Holdings Co Ltd Announces Proposed Change Of Auditor
Tuesday, 26 Feb 2013 05:36am EST 

Karce International Holdings Co Ltd announced that it has received the resignation letter from Deloitte Touche Tomatsu (Deloitte) on February 26, 2013. After taking into account of many factors including the professional risk associated with the audit, the level of audit fees and its available internal resources in light of current work flows, Deloitte decided to resign as the auditor of the Group with effect from February 22, 2013 for the financial year ended December 31, 2012. The Board was informed by Deloitte that the resignation was made after careful consideration and the Board’s attention was drawn to the disclaimer of opinion issued in relation to the limitation of its work, details of which are set out in the Independent Auditor’s Report dated March 28, 2012 on the consolidated financial statements of the Company for the year ended December 31, 2011 as incorporated in the Company’s 2011 annual report. The Board proposes to appoint BDO Limited (BDO) as the new auditor of the Group to fill the casual vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company (the change of auditor).  Full Article

Karce International Holdings Co Ltd Does Not Recommend Interim Dividend
Wednesday, 29 Aug 2012 07:30am EDT 

Karce International Holdings Co Ltd announced that no interim dividend was paid or declared by the Company for the six months ended June 30, 2012 (2011: nil).  Full Article

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