On the eve of the special shareholders' meeting of South Manganese (01091), South Manganese Group reported the major shareholder's violations in real name.
A banker close to Nanmeng Group confirmed to Zhitong Finance APP that the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange attach great importance to this, and the Hong Kong Stock Exchange has already intervened.
Investors Still Aren't Entirely Convinced By South Manganese Investment Limited's (HKG:1091) Revenues Despite 111% Price Jump
South Manganese Investment Limited (HKG:1091) Soars 111% But It's A Story Of Risk Vs Reward
Hong Kong stock abnormal movement | South Manganese (01091) rose more than 19% in mid-trading, with a loss of 0.163 billion Hong Kong dollars attributable to shareholders, turning from a year-on-year profit to a loss.
South Manganese (01091) rose more than 19% in intraday trading. As of the time of publication, it is up 19.05%, trading at HKD 0.375, with a turnover of HKD 4.7066 million.
South Manganese Schedules Key Byelaw Amendment Meeting
South Manganese Announces Board Reshuffle
South Manganese Investment Swings to Loss in H1
South Manganese Faces Major Board Reshuffle
South Manganese Posts Notable Mid-Year Losses
South Manganese (01091.HK) turned from profit to loss in the first half of the year with a loss of 163 million Hong Kong dollars.
On August 16th, Gelunhui reported that in the first half of 2024, South Manganese (01091.HK) had revenue of HKD 573.33 million, a decrease of 25.9% compared to HKD 773.25 million in the first half of 2023. During the period, gross margin was 4.9%, a decrease of 3.6 percentage points from 8.5% in the first half of 2023. The company's owners' loss was HKD 162.8 million (profit of HKD 134.9 million in the first half of 2023).
Express News | South Manganese Investment H1 Net Income Attributable HKD -162.8 Million
Express News | South Manganese Investment H1 Gross Profit HKD 282.1 Million
Express News | South Manganese Investment H1 Revenue HKD 5,733.3 Million
Express News | South Manganese Investment H1 Ebitda HKD -129.6 Million
Express News | South Manganese Investment H1 Gross Margin 4.9%
SOUTH MANGANESE: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
HK stock abnormality: South Manganese (01091) rebounded in the afternoon, dropping more than 10% in the morning. The company clarified that it did not lose control of South Manganese Group.
South Manganese (01091) resumed trading this morning, with a heavy decline of 10% in the morning and a rebound of nearly 6% in the afternoon. As of the time of publication, it has risen by 2.9%, with a price of HKD 0.248 and a turnover of HKD 1.1877 million.
South Manganese announced that trading will resume from the morning of August 14th.
South Manganese (01091) announced that the company has applied to the Hong Kong Stock Exchange to resume trading of its shares from 9:00 am on August 14, 2024.
South Manganese Addresses Misinformation Incident
South Manganese (01091.HK): Received a lawyer's letter from major shareholder Youfu, trading resumes from August 14.
On August 14th, Gelunhui reported that the Board of Directors of South Manganese (01091.HK) received a lawyer's letter from the company's major shareholder, Youfu Investment Co., Ltd. ("Youfu"), on August 11, 2024. The letter mentioned that the social media account of the company's wholly-owned subsidiary South Manganese Group Co., Ltd. ("South Manganese Group") posted a notice ("the Notice") on August 8, 2024 (correction by the company: it should be August 9, 2024). The letter pointed out that the content of the notice was untrue and misleading, which may cause the public to misunderstand that the board of directors of the listed company has lost control.
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