Key Developments: Sinotel Technologies Ltd (SITT.SI)

SITT.SI on Stock Exchange of Singapore

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24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Sinotel Technologies Ltd updates completion of sale
Thursday, 12 Jun 2014 05:43am EDT 

Sinotel Technologies Ltd:Refers to the announcements dated Jan. 15 and Jan. 24.Sale of the entire 100 pct equity interest in XBell Investment by XBell Union, the board of directors of Sinotel Technologies Ltd wishes to announce that the proposed sale has been completed.With the completion of the proposed sale, XBell Investment has ceased to be a subsidiary of the company.  Full Article

Sinotel Technologies Ltd gives FY 2013 earnings guidance
Tuesday, 18 Feb 2014 04:30am EST 

Sinotel Technologies Ltd:Expects to record a net loss for FY 2013.The expected loss was mainly attributable to: The decrease in contribution from outdoor wireless coverage solutions and emergency mobile communications system (EMCS);.Impairment of plant and equipment of the group; and.Potential allowance for doubtful trade receivables.  Full Article

Sinotel Technologies Ltd announces proposed sale of entire 100pct equity interest in XBELL (TIANJIN) Investment Co Ltd
Wednesday, 15 Jan 2014 04:57am EST 

Sinotel Technologies Ltd:Says XBell Union Communication Co Ltd, subsidairy entered into a sale and purchase agreement with Leshi Holdings (Beijing) Co Ltd for the proposed sale by XBell Union of the entire 100pct equity interest in XBell (Tianjin) Investment Co Ltd to Leshi.Says Union Communication (Beijing) Co Ltd. XBell Union Communication (Beijing) Co Ltd is wholly owned by XBell Communication Technology Ltd, which is in turn wholly owned by the company, XBell Investment is a wholly owned subsidiary of XBell Union.  Full Article

Sinotel Technologies Ltd Declares No Dividend
Tuesday, 12 Nov 2013 05:44am EST 

Sinotel Technologies Ltd announced that no dividend has been declared for the current financial period ended September 30, 2013.  Full Article

Sinotel Technologies Ltd Declares No Dividend
Wednesday, 7 Aug 2013 06:16am EDT 

Sinotel Technologies Ltd announced that no dividend has been declared or recommended for the second quarter ended June 30, 2013.  Full Article

Sinotel Technologies Ltd Does Not Recommend Dividend
Tuesday, 30 Apr 2013 05:09am EDT 

Sinotel Technologies Ltd announced that no dividend is recommended for the financial period reported.  Full Article

Sinotel Technologies Ltd Comments On Q1 2013 Profit Guidance
Wednesday, 24 Apr 2013 08:48am EDT 

Sinotel Technologies Ltd announced that following a preliminary review of the unaudited financial results of the Group for first quarter of 2013, the Group is expected to record a net loss for first quarter of 2013. This was mainly attributable to lower profit margin arising from an increase in contribution from the sales of equipment which commands a lower margin coupled with a decrease in contribution from both the outdoor wireless coverage solutions and emergency mobile communications system (EMCS) which command higher margin.  Full Article

Sinotel Technologies Ltd Does Not Recommend Dividend
Thursday, 28 Feb 2013 07:50am EST 

Sinotel Technologies Ltd announced that no dividend is recommended for the financial period ended December 31,2012.  Full Article

Sinotel Technologies Ltd Issues FY 2012 Guidance
Tuesday, 5 Feb 2013 04:08am EST 

Sinotel Technologies Ltd announced that the Group (the Company and its subsidiaries) is expected to record a net loss for fiscal year 2012. This was mainly attributable to thin profit margins arising from the increase in the subcontractor costs and the costs incurred in facilitating the initial certification of the completion for the projects. Further details of the Group's financial performance will be disclosed when the unaudited financial results for fiscal year 2012 are announced on or before March 1, 2013.  Full Article

Sinotel Technologies Ltd Does Not Recommend Dividend
Thursday, 8 Nov 2012 05:44am EST 

Sinotel Technologies Ltd announced that no dividend is recommended for the nine months period ended September 30, 2012.  Full Article

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