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Kaiyuan Holdings (01215) subsidiary signs a settlement agreement with China Gas
Zhitong Finance App News, Open Source Holdings (01215) issued an announcement. On the date of this announcement, the outstanding principal amount of China Gas's subscribers' convertible bonds was HK$77.8 million, along with accumulated but unpaid interest under it. The Company hereby informs its shareholders and investors that on May 20, 2024, the subscribing party (a wholly-owned subsidiary of the Company) entered into a settlement agreement with China Gas. According to this, the outstanding principal amount of the convertible bonds will be repaid in installments before December 20, 2024; and the interest accrued or accrued under the convertible bonds will be repaid on December 20, 2024. Hu Yishi and Song Zhicheng (both
Kai Yuan's Losses Shrink 17-Fold in 2023
Kai Yuan Holdings (HKG:1215) reported a loss of income attributable to the owners of HK$2.4 million for the year ended Dec. 31, 2023, compared with a loss of HK$41.1 million in the previous year, acco
KAI YUAN HLDGS: Annual Report 2023
Open Source Holdings (01215) Announces 2023 Annual Results. Loss attributable to shareholders of HK$2.397 million narrowed 94.17% year over year
According to the Zhitong Finance App, Open Source Holdings (01215) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$294 million during the period, an increase of 91.26% over the previous year; losses due to company owners were HK$2,397 million, a year-on-year narrowing of 94.17%; and the basic loss per share was 0.02 HK cents. The announcement said that during the year, the sharp increase in revenue was mainly due to increased revenue contributed by Paris Marriott Hotel, a subsidiary of the Hotel Management Division.
KAI YUAN HLDGS: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Open Source Holdings (01215): Court grants an order approving the commencement of pre-restructuring procedures for pledged joint ventures
Zhitong Finance App News, Open Source Holdings (01215) issued an announcement regarding (among others) one of the company's associated companies pledging assets to the Group as collateral for the loan and applying for bankruptcy and restructuring of the pledge joint company. The Group learned that the People's Court of Leling City, Shandong Province has (i) issued an order approving the commencement of the pre-restructuring procedure of the pledged joint venture; and (ii) issued an order appointing the liquidation team of the pledged joint venture company as the temporary manager of the pre-restructuring. The company is currently seeking legal advice on appropriate legal action to protect the rights and interests of the company and its shareholders.
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