GMT EIGHT - Announcement

GOFINTECH INNOV (00290) plans to convene a special shareholder meeting to seek approval for issuing consideration shares for the acquisition of equity in WEALTHINK AI (01140).

GOFINTECH INNOV (00290) announced that the company will hold a special general meeting of shareholders on the morning of October 4, 2024, to consider and approve, as appropriate (whether amended or not), the ordinary resolution regarding the purchase of 26.15% equity interest in WEALTHINK AI (01140) through the issuance of consideration shares. At the special general meeting, shareholders will be requested to approve: (a) Approval, confirmation, and ratification of the sale and purchase agreement, a copy of which is marked with the letter "A" and provided to the special general meeting, and the transactions proposed thereunder; (b) Subject to approval of the listing of consideration shares by the Listing Committee of the Stock Exchange of Hong Kong Limited and the completion of the purchase and sale agreement, authorizing the directors of the company to issue consideration shares to the seller (or as directed by the seller) in accordance with the terms and conditions of the sale and purchase agreement, provided that such special authority shall be supplementary to and not derogate from any general or special authority granted by the shareholders to the directors before the passing of this resolution; and (c) Authorizing the directors to take all actions and matters, sign documents or agreements (whether or not affixed with the company's seal) or instruments, and take all steps and actions necessary, appropriate, suitable, or expedient in their absolute discretion to make the sale and purchase agreement and the transactions thereunder effective or related thereto, and to agree to changes, modifications, or waivers that the directors deem to be in the best interests of the company and its shareholders."

16/09/2024

PAK TAK INT'L(02668): High concentration of equity.

PAK TAK INT'L (02668) announces that the company has noted a notice issued by the Securities and Futures Commission ("SFC") on September 16, 2024 ("SFC Notice"). As disclosed in the SFC Notice, the SFC recently conducted an inquiry into the company's shareholding distribution. The results of the inquiry showed that as of September 4, 2024, 25 shareholders collectively held 3.483 billion shares of the company, equivalent to approximately 74.41% of the issued shares. Including the 980 million shares held by one major shareholder of the company (accounting for approximately 20.94% of the issued shares), this amounted to approximately 95.35% of the issued shares. Therefore, the company only had 217 million shares (approximately 4.65% of the issued shares) held by other shareholders. The SFC Notice further stated that: (a) The closing price of the shares had increased by approximately 1941.7% from HK$0.048 on December 1, 2023, to HK$0.980 on September 4, 2024; (b) After the close of trading on December 1, 2023, the company announced the completion of a placement, issuing a total of 780 million new shares at HK$0.019 per share (representing approximately 16.67% of the enlarged issued share capital at that time) to no fewer than six placing agents; (c) After the close of trading on March 15, 2024, the company issued a profit warning, expecting to incur an expanded loss for the year ended December 31, 2023. After the close of trading on March 28, 2024, the company announced its annual results for the year ended December 31, 2023, with shareholders' equity attributable losses of approximately HK$201.7 million, compared to HK$14.3 million for the year ended December 31, 2022; (d) After the close of trading on August 29, 2024, the company announced its interim results, with shareholders' equity attributable losses of approximately HK$36.8 million for the six-month period ended June 30, 2024, compared to HK$74.1 million for the same period in 2023; and (e) On September 13, 2024, the share price closed at HK$0.485, an increase of approximately 910.4% from the closing price of HK$0.048 on December 1, 2023. Based on the information available and after making all reasonable inquiries regarding the directors' affairs, the directors confirm that as of September 4, 2024, and the date of this announcement, at least 25% of the company's issued shares are held by the public, and the company is able to comply with the public float requirements under the listing rules of the Stock Exchange.

16/09/2024

SUN KONG HLDGS (08631) obtained Wang Xinlong's discount of about 21.88% to fully purchase the tender offer. Trading will resume on September 17th.

SUN KONG HLDGS (08631) and the offeror Hong Kong Yufeng Chang Co., Ltd. jointly announced that on September 13, 2024, the offeror completed the acquisition of 23.115 million shares of sale shares from Fully Fort Group Limited, at a total consideration of approximately HK$14.4469 million, equivalent to HK$0.625 per share of sale shares. The sale shares represent approximately 57.79% of the total issued share capital of the company as of the announcement date. Following the completion, the offeror and its concerted parties will have ownership of 23.115 million shares (equivalent to approximately 57.79% of the total issued share capital of the company). Therefore, in accordance with Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer for all the issued shares (excluding those already owned or agreed to be acquired by the offeror or its concerted parties). The cash offer price per share is HK$0.625, representing a discount of approximately 21.88% to the closing price of HK$0.800 per share on the last trading day on The Stock Exchange of Hong Kong Limited. In addition, the company has applied to The Stock Exchange of Hong Kong Limited for the resumption of trading of its shares from 9:00 am on September 17, 2024 (Tuesday). It is understood that the offeror is indirectly wholly-owned by Wang Xinlong, who is the executive director and supervisor of Xi'an Caibang Fund Management Co., Ltd. (a fund management company in which the offeror holds a minority stake), and the general manager and executive director of Xi'an Lexiang Xingtuo Film and Television Culture Co., Ltd. (a company mainly engaged in video and short video production and operation services).

16/09/2024

CBK HOLDINGS (08428): Deng Zhuming appointed as Executive Director

CBK HOLDINGS (08428) announced that, effective from September 16, 2024, Mr. Xu Yongde has resigned as an executive director of the company; Mr. Deng Zhuming has been appointed as an executive director of the company, as well as members of the nomination committee, remuneration committee, and legal compliance committee respectively; Mr. Wang Qingyun and Mr. Ding Junchen have been appointed as independent non-executive directors of the company, as well as members of the audit committee, nomination committee, remuneration committee, and legal compliance committee respectively.

16/09/2024

BROCKMAN MINING (00159) announces annual performance, net loss of 13.62 million Hong Kong dollars, a year-on-year decrease of 76.37%.

BROCKMAN MINING (00159) announced its full-year performance for the year ending June 30, 2024, with a net loss of HKD 13.36 million, a decrease of 76.37% year-on-year; basic loss per share was 0.14 HK cents.

16/09/2024

Kaisa Group (01638): Holders of approximately 75.11% of the outstanding principal amount of debt within the Kaisa Group and approximately 81.07% of the outstanding principal amount of debt within the Raycom Group have joined the restructuring support agreement.

KAISA GROUP (01638) announced that, based on recalculation and confirmation by the information agent, as of the date of this announcement, approximately 75.11% of the outstanding principal amount of debts within the Kaisa scope and approximately 81.07% of the outstanding principal amount of debts within the Ruijing scope have been joined the restructuring support agreement.

16/09/2024

CDAYENONFER(00661): A fire occurred in a unit of Yangxin Hongsheng Copper Industry.

CDAYENONFER (00661) announced that on September 14, 2024 at 5:00 pm, a fire broke out at a facility of Yongxin Hongsheng Copper Co., Ltd. in Huangshi Xingang (Logistics) Industrial Park, Hubei Province, China, causing the fire smelting furnace and blowing furnace system to stop production and enter into a heat preservation mode. The fire was extinguished at around 8:30 pm the same day, with no casualties reported. The cause of the fire is still under investigation. The group's total cathode copper production last year was 625,200 tons, and excluding the reduction in production due to the fire incident, the estimated cathode copper production for this year is 680,000 tons. However, due to a significant decline in smelting processing fees (TC/RC) for the year 2024, the Board of Directors anticipates that the reduction in production caused by the fire incident will not have a major adverse impact on the full-year operational performance in 2024. The group has purchased third-party property insurance, which covers the scope of the fire incident. Any financial or property losses resulting from the fire event will be mitigated by any compensation provided by the insurance company as per the policy. After the fire, the company has activated the fire incident impact contingency plan, established a fire investigation team, and actively carried out follow-up work related to the fire accident. The group is also conducting comprehensive safety inspections on other production facilities to eliminate all major safety hazards and risks, and is strictly implementing various safety measures. Through subsequent production adjustments, the group aims to minimize the losses caused by this incident.

16/09/2024

XJ INTL HLDGS (01765): Appeal to dismiss liquidation application

XJ INTL HLDGS (01765) announced that on September 16, 2024, the petitioner submitted an appeal notice to the Court of Appeal of the High Court of the Hong Kong Special Administrative Region against the winding-up petition discharge order issued by the High Court on August 28, 2024. The date of the hearing for the appeal has not been determined.

16/09/2024

On September 16th, SAMSONITE (01910) spent approximately 15.723 million Hong Kong dollars to buy back 867,300 shares.

SAMSONITE (01910) announced that on September 16, 2024, it will spend approximately 15.723 million Hong Kong dollars to repurchase 867,300 shares.

16/09/2024

SCVE GROUP (06913): Lingnan Vocational and Technical College and Guangdong Group signed a construction general contracting agreement.

SCVE GROUP (06913) announces that on September 16, 2024 (after trading hours), Lingnan Vocational and Technical College entered into a construction general contracting agreement with the contractor (Guangdong Jiye Construction Co., Ltd). The contractor is required to provide construction services to Lingnan Vocational and Technical College for the main works of a student dormitory, a teacher dormitory, and an underground basement at the Qingyuan campus. The contract price is RMB 88.3443 million. It is reported that the contractor will act as the general contractor for the construction of the main buildings of Student Dormitory No. 14, Teacher Dormitory No. 15, and Basement No. 54-II. The announcement states that due to the increasing number of students at Lingnan Vocational and Technical College, the existing dormitory beds may not be able to meet the students' needs in the near future. The construction of the dormitories and basement under the construction general contracting agreement will expand the student capacity of Lingnan Vocational and Technical College, thereby supporting its further business development. Additionally, the new dormitories will be equipped with more advanced facilities, helping to improve the living conditions of students and enhance campus security. Therefore, the directors believe that the proposed transaction under the construction general contracting agreement will promote the development of the group and enhance its competitiveness and market recognition.

16/09/2024

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