HKEX Market News | i-control (01402) dropped more than 17% at one point during trading due to recent acquisition of 600 million shares of the company's stock by the tender offeror. YoY performance last year switched from profit to loss.
i-control (01402) fell more than 17% at one point during trading. As of press time, it has fallen 14.29% to HKD 0.27 with a turnover of HKD 0.539 million.
I-Control Announces Share Acquisition Offers
I-Control Holdings Share Acquisition Completed
i-control (01402.HK): The offeror holds approximately 71.40% of the shares and the tender offer is unconditional in all respects.
On July 2nd, Gelunhui announced that all the prerequisites under the buy-sell agreement have been reached, and the completion was carried out on July 2nd, 2024. According to the terms of the buy-sell agreement, the offeror has acquired 600 million shares (approximately 57.12% of the company’s issued share capital as of the date of this joint announcement) at a cost of HKD 138 million, that is, HKD 0.23 per share. Therefore, immediately after the completion and as of the date of this joint announcement, the tenderer and its concerted parties have a total of 750 million shares (accounting for approximately 71.40% of the company's issued share capital). According to the rules of the acquisition
I-control (01402): The offeror has acquired 600 million shares of the company's stock.
I-Control (01402) announced in a statement that both the offeror and the company are pleased to announce that all the pre-conditions under the purchase agreement have been fulfilled...
I-CONTROL: Annual Report 2024
Yearly earnings of i-control (01402.HK) decreased about 17.5% year-on-year to HKD 130 million.
As of March 31, 2024, the annual revenue of i-control (01402.HK) decreased by approximately 17.5% year-on-year to approximately HK$130 million. The financial performance for the year ended March 31, 2023, with surplus of approximately HK$5.24 million, has turned into a loss of approximately HK$14.328 million for the year ended March 31, 2024. The loss per share is 1.23 Hong Kong cents. The directors believe that the company's past success and future prospects rely on the experienced management team in Hong Kong's video conferencing and multimedia audiovisual solutions business.
I-CONTROL: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
Super Smart Holdings (01402) appoints Ninth Capital as independent financial advisor
Super Smart Holdings (01402) issued an announcement that Ninth Capital Co., Ltd. (In order to comply with the Securities and Futures Regulations, Section 6...
I-Control Holdings Limited's (HKG:1402) Shares Climb 33% But Its Business Is Yet to Catch Up
i-Control Holdings Limited (HKG:1402) shares have had a really impressive month, gaining 33% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is
The controlling interest of Super Smart Holdings (01402) changed hands and received a 27.78% premium and raised a full purchase offer to resume trading on April 29
Super Smart Holdings (01402) announced that trading of the company's shares will resume at 9:00 a.m. on April 29, 2024.
Super Smart Holdings (01402.HK): Zheng Qiming teamed up with several directors to acquire 57.12% of the company's shares, triggering a full offer to resume trading tomorrow
Gelonghui, April 28, 丨 Super Smart Holdings (01402.HK) announced that the board of directors was notified by the seller (the controlling shareholder of the company) that on April 3, 2024, the offender Luxurious Bay Capital Limited, the seller and the guarantor entered into a sales agreement. According to this, the seller conditionally agreed to sell the shares, that is, a total of 600 million shares (accounting for about 57.12% of the company's issued share capital). The total cash cost was HK$138 million, equivalent to HK$0.23 per share sold. On the date of the joint announcement and immediately following
Super Smart Holdings (01402.HK) appoints Chen Huiya as company secretary
Gelonghui, April 12, 丨 Super Smart Holdings (01402.HK) announced that Mr. Huang Qinhui has proposed to resign as company secretary and no longer serve as authorized representative, effective April 12, 2024. The Board of Directors also hereby announces that Ms. Chen Huiya has been appointed as the company secretary and authorized representative to replace Mr. Wong, effective from April 12, 2024.
Super Smart Holdings (01402) suspended trading for a short time from April 3
Super Smart Holdings (01402) announced that the company's shares will briefly start at 9:00 a.m. on April 3, 2024...
Super Smart Holdings (01402) is expected to achieve a net loss of approximately HK$8 million to HK$12 million year-on-year profit and loss for the year
Super Smart Holdings (01402) announced that it is expected that the Group will achieve net results for the year ending March 31, 2024...
I-CONTROL: 2023/24 Interim Report
I-Control Swings to Loss in Fiscal H1
I-Control Holdings (HKG:1402) reported a loss of HK$3.02 million for the six months ended Sept. 30, as against a profit of HK$2.04 million in the year-ago period. Loss per share stood at HK$0.26, vers
I-CONTROL: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
I-Control Holdings Warns of Loss in Fiscal H1
I-Control Holdings (HKG:1402) expects to incur a net loss of about HK$3 million for the fiscal first half, a reversal from a year-ago profit of HK$2 million. The audiovisual solutions provider attribu
Super Smart Holdings (01402) Fa Profit Alert expects a net loss of about HK$3 million in the medium term, year-on-year profit to loss
Super Smart Holdings (01402) issued an announcement. It is expected that the Group will achieve... in the six months ending September 30, 2023
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