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Launch Tech Co Ltd (2488.HK)

2488.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Launch Tech says domestic share subscription will lapse
Wednesday, 2 Aug 2017 06:35pm EDT 

Aug 3 (Reuters) - Launch Tech Co Ltd <2488.HK>:Informed by subscribers under domestic share subscription, that each of them failed to obtain necessary approval from PRC authorities.Agreed with Guo Shanling and Jiang Quanhong that domestic share subscription under Guo's agreement and Jiang's agreement will lapse.As a result of lapse of Guo's agreement & Jiang's agreement, total number of domestic shares to be issued will be decreased upon completion.  Full Article

Launch Tech Co says resolved to recommend distribution of interim dividend of RMB0.20 per share for H shares
Tuesday, 25 Jul 2017 04:35am EDT 

July 25 (Reuters) - Launch Tech Co Ltd <2488.HK>:Board resolved to recommend distribution of interim dividend of rmb0.20 (tax inclusive) per share for six months ended 30 june 2017.Board resolved to recommend distribution of interim dividend of rmb0.20 (tax inclusive) per share for h shares.  Full Article

Launch Tech co announces pledge of shares by controlling shareholder
Tuesday, 13 Jun 2017 09:44am EDT 

June 13 (Reuters) - Launch Tech Co Ltd <2488.HK>:Liu Xin has pledged 66 million domestic shares held by him in company as at June 13.  Full Article

Launch Tech says entered into domestic share subscription agreement
Tuesday, 28 Mar 2017 09:36am EDT 

Launch Tech Co Ltd <2488.HK>: Company entered into domestic share subscription agreements with each of subscribers respectively . Net proceeds from issue of new domestic shares are expected to be approximately rmb454.1 million . Subscribers have conditionally agreed to subscribe in cash for 56.5mln new domestic shares, subscription price about rmb8.16 per new domestic share .Application has been made for resumption of trading in h shares with effect from 29 march 2017.  Full Article