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Key Developments: Xpress Holdings Ltd (XPRL.SI)

XPRL.SI on Stock Exchange of Singapore

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29 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Xpress Holdings Ltd appoints chief executive officer
Monday, 26 Oct 2015 06:01am EDT 

Xpress Holdings Ltd:Says Lim Huan Chiang has been appointed as the Executive Director and Chief Executive Officer.Ma Weidong has relinquished his role as the Chief Executive Officer of the company and shall remain as the Executive Chairman of the company.  Full Article

Xpress Holdings Ltd updates on memorandum of understanding
Tuesday, 6 Jan 2015 07:12am EST 

Xpress Holdings Ltd:Refers to the announcement made Dec. 05, 2014, relating to the memorandum of understanding between the company, Ma Wei Dong (the Investor) and Fong Kah Kuen @ Foong Kah Kuen.Says further to the signing of the MOU, it shall issue and the Investor shall subscribe for 1,100,000,000 new ordinary shares of the company at an issue price of S$0.007 per placement share and shall issue to the Investor 2,200,000,000 unlisted and detachable free warrants.Says S$7,000,000 of the proceeds from the proposed subscription are intended to be used to settle the outstanding payables of the company and working capital requirements.Says the remaining S$700,000 of the proceeds will be used set aside to pay the professional and administrative fees which are incurred in connection with the proposed subscription.  Full Article

Xpress Holdings Ltd announces application for extension of time to release financial results for Q1 ended Oct. 31
Friday, 12 Dec 2014 09:48am EST 

Xpress Holdings Ltd:Says company will be making an application to Singapore Exchange Securities Trading Limited for an extension to release quarterly financial results for first quarter ended Oct. 31 (1QFY2015) from current deadline of Dec. 15 to Jan.15, 2015.Reasons for the application are as follows.Company is in process of completing audit for financial year ended July 31 and opening figures for 1QFY2015 Results Announcement can only be reasonably established once the audit is completed.After the completion of the audit, company requires time to prepare and finalise the figures for the 1QFY2015 Results Announcement.  Full Article

Xpress Holdings Ltd announces MOU relating to proposed subscription of shares
Friday, 5 Dec 2014 09:12am EST 

Xpress Holdings Ltd:Enters into a memorandum of understanding with Ma Wei Dong and Fong Kah Kuen at Foong Kah Kuen ho is founder of company.In relation to subscription by Investor or his nominee for 1,100,000,000 new ordinary shares of company at an issue price of S$0.007 per Subscription Share, for an aggregate consideration of S$7,700,000.Each Subscription Share will come with two free detachable warrants on the basis of two free Warrants for every one Subscription Share.Pursuant to MOU, Investor or his nominee, Founder and company will enter into negotiations on terms of the Proposed Subscription, with objective of finalising and entering into definitive subscription agreement and other related documents in respect of the Proposed Subscription.  Full Article

Xpress Holdings Ltd announces change in management
Friday, 19 Sep 2014 06:44am EDT 

Xpress Holdings Ltd:Says Fong Kah Kuen (Fong) shall be relinquishing his role as Executive Chairman and Chief Executive Officer (CEO) of company with immediate effect.Says pending appointment of new CEO, an Executive Committee comprising Darlington Tseng Te-Lin, Sam Chong Keen and Yip Kean Mun shall be constituted to oversee running of company.Executive Committee shall be chaired by Yip Kean Mun.Further announces that Sam Chong Keen shall be appointed as Non-Executive Chairman of Board with immediate effect.  Full Article

Xpress seals new deals with global logistics
Thursday, 18 Sep 2014 12:27am EDT 

Xpress Holdings Ltd:Says its wholly owned subsidiary, Xpress New Media Pte Ltd, added new services to its business which includes providing other value added documentation services.like completion of airway bills, shipment invoices, as well as tracking services right up to the completion of delivery at its 8–8 Biz Butler outlets and its flagship outlet in the Central Business District.Says to provide these services, XNM has partnered logistics giants - United Parcel Service of Singapore and S. F. Express (Group) Co., Ltd.Says these collaborations will enhance XNM’s end-to-end full business services for its clients.Says Xpress has also sealed reseller arrangements with selected branded suppliers for a wide range of corporate gifts and premiums.  Full Article

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