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BanBao's shares to resume trade after halting asset restructuring plan

Tuesday, 23 May 2017 07:02am EDT

May 23 (Reuters) - BanBao Co Ltd <603398.SS>:Says its shares to resume trade on May 24 after halting asset restructuring plan.

BanBao scraps asset restructuring plan

Monday, 22 May 2017 07:42am EDT

May 22 (Reuters) - BanBao Co Ltd <603398.SS>:Says it scraps asset restructuring plan.

Winshine Science says Loyal Victory enters acquisitino agreement

Thursday, 11 May 2017 07:37am EDT

May 11 (Reuters) - Winshine Science Co Ltd <0209.HK>:Loyal Victory, remaining shareholder and target company entered into an acquisition agreement.Upon completion of acquisition and second acquisition, target company will be directly held as to 100% by Loyal Victory.Loyal Victory to purchase and remaining shareholder to sell 40% of existing equity interest of target co at total consideration of RMB20 million.

Quali-Smart to issue convertible notes with principal amount of HK$80 mln

Tuesday, 2 May 2017 08:46am EDT

May 2 (Reuters) - Quali-Smart Holdings Ltd <1348.HK>::Co agreed to issue, and Benefit Global Limited agreed to subscribe for convertible notes with a principal amount of hk$80 million.Convertible notes shall bear interest at simple interest rate of 6% per annum, payable quarterly in arrears.Net proceeds from notes issuance will be used for repayment of liabilities, expansion of financial services business under Crosby Group.

Shifeng Cultural Development sees H1 FY 2017 net profit to up 20 pct to 50 pct

Wednesday, 26 Apr 2017 05:50am EDT

April 26 (Reuters) - Shifeng Cultural Development Co Ltd <002862.SZ> ::* Sees H1 FY 2017 net profit to increase by 20 percent to 50 percent, or to be 14.2 million yuan to 17.7 million yuan.* Says H1 FY 2016 net profit was 11.8 million yuan.* Says increased revenue from core business as main reason for the forecast.

Hornby announces progress on turnaround plan

Friday, 7 Apr 2017 02:24am EDT

Hornby Plc : Solid progress on turnaround plan . Revenue performance for full year was slightly ahead of our plan, with Q4 showing an improving trend. . First stage of hornby's turnaround is now completed and has progressed in-line with board's plan . Group has restructured its uk and european operations . Product range has been rationalised and re-focused which has allowed hornby to reduce capital expenditure and improve working capital. .Business is focused strongly on improving cash flow and at 31 march 2017 net cash on balance sheet was £1.1m (31 March 2016 net debt £7.2m) which was ahead of management's expectations.

China Healthwise Holdings says entered into S&P agreement to acquire Ace Season Holdings Limited

Wednesday, 29 Mar 2017 08:22am EDT

China Healthwise Holdings Ltd <0348.HK>: Company and vendor entered into s&p agreement . Net proceeds from subscription, after deduction of related expenses, are estimated to be approximately hk$59.9 million . Deal at an aggregate consideration of hk$85.0 million . Company and subscriber entered into subscription agreement . Pursuant to s&p agreement company agreed to acquire and vendor agreed to sell sale shares and sale loan . Company intends to apply net proceeds from subscription for the acquisition . Vendor being china star entertainment (bvi) limited, target company is ace season holdings limited .Co to allot and issue and subscriber to subscribe for a total of 363.6 million subscription shares at subscription price of hk$0.165 per subscription share.

NHN Entertainment to divest quick disbursement and AD business into new subsidiary

Thursday, 9 Feb 2017 11:48pm EST

NHN Entertainment Corp <181710.KS> : Says it plans to divest quick disbursement and AD business into new wholly owned subsidiary, named NHN Payco .CO.,LTD .Says divestiture date is April 1.

Net Publishing to merge with game agent and operation unit

Tuesday, 15 Nov 2016 04:10am EST

Net Publishing <6542.TWO>: Says it will merge with a wholly owned subsidiary, which is engaged in agent and operation of games .Says the subsidiary will dissolve after merger.


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