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On Time Logistics Holdings Ltd (6123.HK)

6123.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

On Time Logistics says expects to record increase in HY revenue and net profit
Friday, 21 Jul 2017 07:46am EDT 

July 21 (Reuters) - On Time Logistics Holdings Ltd <6123.HK>::Expected to record a very substantial increase in revenue and net profit for six months ended 30 June 2017.Expected result due to decrease in staff cost during HY since severance package was paid during corresponding period in 2016.  Full Article

On Time Logistics Holdings updates on AGM Schedule
Monday, 12 Jun 2017 06:45am EDT 

June 12 (Reuters) - On Time Logistics Holdings Ltd <6123.HK>::Board is aware that tropical cyclone warning signal numbered 8 is hoisted in Hong Kong."Adverse weather condition in Hong Kong may continue at time scheduled for holding AGM".AGM will proceed as arranged in case tropical cyclone warning numbered 8 or a black rainstorm warning is hoisted at that time.  Full Article

YTO Express or unit to acquire stake in on Time Logistics
Monday, 8 May 2017 08:15am EDT 

May 8 (Reuters) - YTO Express Group Co Ltd <600233.SS>:Says it or unit plans to acquire 61.87 percent stake in on time logistics <<<6123.HK>>> for HK$1.04 billion ($133.60 million).  Full Article

On time logistics holdings vendors, offeror and guarantors entered into spa on 8 may 2017
Monday, 8 May 2017 07:02am EDT 

May 8 (Reuters) - On Time Logistics Holdings Ltd <6123.HK>:Vendors, offeror and guarantors entered into SPA on 8 may 2017.Total consideration for sale shares is hk$1.04 billion, equivalent to HK$4.0698 per sale share.Vendors have agreed to sell and offeror has agreed to purchase, in aggregate, 255.8 million sale shares.vendors being LAM, Haenisch, LAM Investco and Haenisch Investco.Haitong International Securities launches cash offer for and on behalf of offeror to acquire all issued shares of on time logistics.Offeror is YTO Express Group Co.  Full Article

On Time Logistics says unit to acquire Best Loader Logistics Shanghai
Friday, 5 May 2017 10:42am EDT 

May 5 (Reuters) - On Time Logistics Holdings Ltd <6123.HK> ::Transaction in relation to acquisition of Best Loader Logistics and Best Loader Logistics Shanghai.Deal at consideration of hk$27 million.On time bvi to acquire 1,000,000 shares of best loader logistics at consideration of hk$3 million.On Line Service to acquire 100% of issued share capital of Best Loader Logistics Shanghai.  Full Article

On Time Logistics expects to record decrease in revenue for year ended 31 Dec 2016
Friday, 17 Feb 2017 06:25am EST 

On Time Logistics Holdings Ltd <6123.HK>: Expected to record a very substantial decrease in revenue and net profit for year ended 31 December 2016 .Eexpected results due to excess supply in air and sea cargo space during first three quarters of 2016.  Full Article

On Time Logistics updates on MOU regarding possible sale and purchase of shares in Company<6123.HK>
Wednesday, 27 Jul 2016 10:51am EDT 

On Time Logistics Holdings Ltd <6123.HK>: Potential vendors, lam and haenisch entered into a memorandum of understanding with an independent third party as purchaser . Mou in respect of a possible sale and purchase of 275.3 million shares in the company . Says discussions are still in progress and the possible transaction may or may not proceed .  Full Article

On Time Logistics issues profit warning<6123.HK>
Friday, 22 Jul 2016 06:21am EDT 

On Time Logistics Holdings Ltd <6123.HK>: Log-profit warning <6123.HK> . Group is expected to record a significant decrease in revenue and net profit for the six months ended 30 June 2016 . Result due to keen competition in the forwarding market and the oversupply in air cargo space and sea cargo space .  Full Article

On Time Logistics Holdings Ltd issues FY 2015 profit/loss outlook
Monday, 29 Feb 2016 06:12am EST 

On Time Logistics Holdings Ltd:Group is expected to record a moderate decrease in the net profit for the year ended 31 December 2015.Decrease in profit was mainly attributable to the increment in provision of doubtful debts and bad debts during the year ended 31 December 2015.  Full Article

On Time Logistics Holdings Ltd Unit has entered into a logistics service agreement with Cainiao and a subcontracting agreement with IML
Tuesday, 22 Sep 2015 05:59am EDT 

On Time Logistics Holdings Ltd:Unit has entered into a logistics service agreement with Cainiao and a subcontracting agreement with IML.Pursuant to the logistics service agreement, Etotal is entitled to subcontract part of the logistics services.Says Etotal has entered into a subcontracting agreement with IML LLC.Says logistics service agreement shall be valid from July 2015 to December 2016.  Full Article