Shougang Cent (103.HK) completed a net fundraising of 0.128 billion Hong Kong dollars through rights issue. The doubling of shareholding by strategic investors highlights confidence in development.
On October 28, 2024, - PRNewswire - On October 23, mainland steel curtain manufacturing leading enterprise Shougang Cent (103.HK) announced the completion of the 'Five Supply One' rights issue plan, issuing a total of 0.392 billion shares at a subscription price of HK$0.33 per share, raising a net total of HK$0.128 billion. The company's rights issue this time received an oversubscription of 108.49%, exceeding expectations, fully demonstrating the market's high recognition of the company's business prospects.
Shougang Science and Technology (00103) issued 0.392 billion shares for rights issue on October 25th.
Shougang cent (00103) announced that on October 25, 2024, for every 5 shares held on the record date...
Shougang Cent (00103): The rights issue became unconditional on October 18th.
Shougang Cent (00103) issued an announcement, the board of directors is pleased to announce that the rights issue will be on October 18, 2024 (Tuesday)...
Shougang Cent (00103.HK) rights issue oversubscribed by approximately 8.49%.
On October 24th, Geelong reported that shougang cent (00103.HK) announced that the rights issue became unconditional on October 18, 2024. The deadline for acceptance was 4:00 pm on October 17, 2024. (i) A total of 33 valid acceptances were received for a total of 221,434,123 shares of rights issue shares, equivalent to approximately 56.53% of the total rights issue shares; and (ii) a total of 8 valid applications were received, involving an additional 203,488,977 shares of rights issue shares, equivalent to approximately 51.95% of the total rights issue shares. Based on the above acceptances and applications.
Shougang Cent (00103.HK) received a shareholding of 1 million shares by the acting director Li Jinping.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on October 24th, 2024, Shougang Cent (00103.HK) director Li Jinping (Managing Director) increased shareholding by 1 million shares at an average price of 0.35 Hong Kong dollars per share on the exchange on October 18, 2024, involving approximately 0.35 million Hong Kong dollars. After the shareholding increase, Li Jinping's latest number of shares held is 1 million shares, and the shareholding percentage has increased from 0% to 0.05%.
SHOUGANG CENT: INTERIM REPORT 2024
Shougang Cent (00103.HK) plans to conduct a 5-for-1 rights issue and raise net proceeds of 0.128 billion Hong Kong dollars.
Shougang Cent (00103.HK) announced that the company proposes to offer new shares in proportion to existing shareholders, with a base of 5 shares for every 1 share held on the record date. The subscription price for the new shares is HKD 0.33 per share, and a maximum of 391,676,365 new shares will be issued to eligible shareholders (assuming no change in the number of issued shares before or on the record date), raising a maximum of approximately HKD 0.129 billion (before deducting expenses). The offer is only available to eligible shareholders and will not be extended to ineligible shareholders. Assuming all the new shares are subscribed, the offer
Express News | Shougang Century - Proposes to Raise up to HK$129.3 Mln by Rights Issue at Subscription Price of HK$0.33 per Share
Shougang Cent (00103.HK) announced the establishment of a joint venture in Singapore to expand its overseas business. It officially sounded the horn for a major entry into the overseas market.
On September 12, Shougang Cent (00103.HK) announced that the company signed a joint venture agreement with RZHL on September 11 to establish a joint venture company in Singapore. The main development goal is to vigorously expand and maintain overseas sales markets and assist the group company in advancing overseas investment, mergers, and acquisitions. This move signifies the official start of Shougang Cent's foray into the overseas market. RZHL is a wholly-owned holding company of Mr. Zhao Yue, a shareholder of the company. According to the joint venture agreement, WMEL and RZHL jointly invested 2.8 million US dollars (equivalent to approximately 21.84 million Hong Kong dollars), and the two parties will each hold 50% of the joint venture company.
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Shougang Cent (00103.HK) has signed a joint venture agreement with RZHL to establish a joint venture enterprise in Singapore to promote global business development.
On September 12th, Gelunhui reported that Shougang Cent (00103.HK) announced that on September 11, 2024, WMEL (a wholly-owned subsidiary of the company) and RZHL entered into a joint venture agreement related to the establishment of a joint venture company in Singapore. According to the joint venture agreement, WMEL and RZHL will each hold 50% of the equity of the joint venture company. The joint venture company will not become a subsidiary of the company, and its financial performance will not be consolidated into the group accounts. According to the joint venture agreement, the joint venture company's capital is 2.8 million US dollars. The joint venture company shall be responsible for supervising and managing the operations of the company.
Express News | Shougang Century Holdings Ltd - Entering Into Joint Venture Agreement
Shougang Cent (00103): Xu Hongyan has been appointed as a non-executive director.
Shougang Cent (00103) announced that Adam Touhig has resigned as a non-executive director, and will be replaced by 202...
Shougang Cent (00103) announced its interim results, with a net profit attributable to shareholders of HKD 42.523 million, an increase of 36.55% year-on-year.
Shougang Cent (00103) announced its interim performance for the six months ended June 30, 2024, during which the group achieved...
SHOUGANG CENT: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Shougang Century Holdings Limited's (HKG:103) Shares Climb 27% But Its Business Is Yet to Catch Up
Shougang Cent announces that it will distribute no less than 40 million dividends per year for the next 5 years, with continued growth in performance and a continuous return to shareholders.
Hong Kong, August 22, 2024 / PRNewswire/ -- On August 22, shougang cent (103.HK) announced a dividend distribution plan for the next 5 years, planning to distribute not less than HK$40,000,000 per year to shareholders from 2024 to 2028 for five fiscal years. The company stated that maintaining a consistent and stable dividend plan on one hand demonstrates the company's improving financial performance and profitability, showing confidence in the company's future profitability; on the other hand, it demonstrates the company's firm confidence and determination to give back to shareholders. The company is willing to actively share the surplus with shareholders, reflecting.
Shougang Cent (00103.HK) has approved a dividend distribution plan from fiscal year 2024 to 2028, with a proposed annual dividend of no less than 40 million Hong Kong dollars.
Glory Times reported on August 22 that Shougang Cent (00103.HK) announced the dividend distribution plan for the fiscal years 2024 to 2028. Within the scope permitted by applicable regulations and the company's articles of association, the company plans to distribute no less than HK$40 million to shareholders as dividends each year for the five fiscal years from 2024 to 2028, provided there are no unforeseen circumstances based on the company's dividend policy. The company may adjust the dividend distribution plan based on the growth of financial performance.
Shougang Cent (00103.HK) plans to hold a board of directors meeting on August 29th to approve its mid-year performance.
Shougang Cent (00103.HK) announced on August 19 that the board of directors meeting will be held on Thursday, August 29, 2024 (including) to approve the company and its subsidiary's mid-term performance as of June 30, 2024 and consider the distribution of interim dividends (if any), at Room 1215, 12/F, On Lee Industrial Building, 6 New Kwai Fong Road, Chai Wan, Hong Kong.
SHOUGANG CENT: DATE OF BOARD MEETING
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