New Focus Auto Tech Extends Convertible Bond Placement
Fed officials: Rate cut signals strengthened, employment market becomes new focus auto.
Chicago Federal Reserve Bank President Charles Evans expressed satisfaction with the latest inflation data, believing it to be evidence of the central bank's steady progress towards its 2% inflation target.
With the stock price frequently experiencing ups and downs, is the new focus auto (00360) which has suffered cumulative losses of over 0.8 billion in the past 5 years, caught up in the game of block orders for profit-taking?
New focus auto (00360) became the center of attention again with a single-day drop of more than 11%.
New Focus Auto (00360) intends to issue convertible bonds with a maximum principal amount of HKD 400 million. The annual interest rate of the bonds is 8%.
Zhī tōng cáijīng APP news, New Focus (00360) announced that on June 27, 2024, the company entered into a placement agreement with placement agents. According to the agreement, the company has appointed the placement agents to place a maximum of HKD 400 million convertible bonds to no less than 6 subscribers (including their ultimate beneficial owners, all of whom are independent third parties) based on best efforts. The bond has an annual interest rate of 8% and an initial conversion price of HKD 0.145 per conversion share, representing a premium of approximately 43.56% over the closing price of HKD 0.101 per share on that day. According to the initial conversion price of HKD 0.145 per conversion share, all convertible bonds can be fully exercised.
Express News | New Focus Auto Tech - to Place Convertible Bonds of up to HK$400 Mln
Express News | New Focus Auto Tech Holdings Ltd - Placing of Convertible Bonds Under General Mandate
Hong Kong stock market fluctuations | New Focus Auto (00360) fell by more than 20%. Last Tuesday, it plunged sharply in the last trading period. The company's equity is highly concentrated.
New Focus Auto (00360) fell more than 20%, as of press time, it fell 20.37%, with a price of HKD 0.043 and a turnover of HKD 16.0536 million.
Hong Kong stocks surge | New Focus Auto (00360) increased by more than 28%, with a sharp drop in Monday's closing, and the company's equity is highly concentrated.
According to the Smart Finance App, New Focus Auto (00360) rose more than 28% and closed up nearly 40% yesterday. As of the time of publication, it has risen by 23.08% to HKD 0.048, with a turnover of HKD 9.6382 million. In terms of news, New Focus Auto recently announced that its wholly-owned subsidiary, New Focus Optoelectronics, received a notice from the Office of Compensation for the Shanghai Qingpu Industrial Park's expropriation program. It involves industrial land and buildings not located in the Qingpu District of Shanghai that are held by New Focus Optoelectronics. A land expropriation agreement has not yet been signed by both parties. The company stated that it will make every effort to minimize the adverse effects of property expropriation on the normal operations of New Focus Optoelectronics.
New focus auto (00360): After a 74% plummet with heavy trading volume, can 'Old Blood' not bounce back?
With the performance of 'volume flash crash by 74%', New Focus Auto (00360) has obviously become the 'new focus' of the Hong Kong stock market. On June 3rd, the little-known New Focus Auto suddenly plunged in the afternoon, falling nearly 85% during the day, hitting a new low of HK$0.019. By the end of the day's trading, its share price still did not recover, plummeting by 74.40%, at HK$0.032. On the next day, June 4th, New Focus Auto once again experienced a roller coaster ride: the stock opened low with a drop of 12.5% in the morning session, and then the share price quickly turned red and rose to a high of HK$0.037, an increase of more than 15%.
Changes in Hong Kong stocks | New Focus (00360) volume crashed by nearly 85% at the end of the session and hit a new low, with a total market capitalization of less than HK$500 million
The volume of New Focus (00360) crashed at the end of the session, falling nearly 85% in the intraday period, to a low of HK$0.019, setting a new low. As of press release, it fell 76% to HK$0.03, with a turnover of HK$31.7857 million. The total market value had fallen below HK$500 million.
New Focus Auto Tech Holdings Limited's (HKG:360) Popularity With Investors Under Threat As Stock Sinks 26%
To the annoyance of some shareholders, New Focus Auto Tech Holdings Limited (HKG:360) shares are down a considerable 26% in the last month, which continues a horrid run for the company. Still, a ba
A wholly-owned subsidiary of New Focus (00360.HK) entered into a joint venture agreement with Broadcom and Shanghai Reshaping
Gelonghui, May 20, 丨 New Focus (00360.HK) announced that in connection with the establishment of a non-wholly-owned subsidiary, Newfox (Beijing), an indirect wholly-owned subsidiary of the company, entered into a joint venture agreement (“Joint Venture Agreement”) with Broadcom and Shanghai Reshaping on May 20, 2024 to record the relevant provisions relating to the establishment of Jinyi. The main terms of the joint venture agreement have been published in the “Establishing Jinyi” section of the company's announcement dated September 25, 2023. The joint venture agreement further stipulates that Shanghai Reshaping will be responsible for providing hydrogen energy technology support and new product development support to Jinyi. Jinyi will not be inferior to any independent third party
New Focus Auto Arm Receives Property Repossession Notice
New Focus Auto Tech Holdings (HKG:0360) arm New Focus Lighting and Power Technology (Shanghai) has received a property expropriation notice from the Shanghai Qingpu Industrial Zone, according to a Mon
A wholly-owned subsidiary of New Focus (00360) received a land collection notice involving a plot of land in Qingpu District, Shanghai
New Focus (00360) issued an announcement. Newfox Optoelectronics Technology (Shanghai) Co., Ltd., a wholly-owned subsidiary of the company (...
New Focus Auto Tech Widens Loss in 2023
New Focus Auto Tech Holdings (HKG:0360) recorded a rise in attributable loss for the year 2023 to 87.3 million yuan from 48.5 million yuan during the year-ago period, according to the company's annual
NEW FOCUS AUTO: Annual Report 2023
CBOT holdings: funds increase net shortfall in grain, and competition in the Gulf of Mexico is heating up! The global wheat market now has a new focus!
Chicago soybean futures prices hovered above a four-year low on Wednesday due to the strengthening of the US dollar and declining competitiveness of US soybeans in a market full of cheap supplies from South America. The lowest offshore price proposed in Egypt's national wheat procurement tender on Tuesday was $218.90 per ton, and the purchase volume was 60,000 tons of Ukrainian wheat.
New Focus (00360) plans to invest 55 million yuan in Shihe Ziyike Equity Investment Partnership (limited partnership)
Zhitong Finance App News, New Focus (00360) announced that on April 3, 2024, the company's indirect wholly-owned subsidiary Newfox (Beijing), the general partner, and the current partner (Lin Baowen and 11 individuals) of the limited partnership entered into a partnership agreement. Based on this, Newfox (Beijing) and general partners each agreed to invest RMB 55 million and RMB 85 million in limited partnerships (Shihe Ziyi Ke Equity Investment Partnership (Limited Partnership)) with approximately 29.03% equity and approximately 44.8% of the equity interest. Since the purpose of the investment is mainly to go to Shenzhen
New Focus (00360) released annual results. Shareholders should account for losses of 87.32 million yuan, an increase of 80.03% over the previous year
New Focus (00360) announced its 2023 annual results, with revenue of about 555 million yuan, a year-on-year decrease of 6.13%...
NEW FOCUS AUTO: AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
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