Baida International Holdings (01949.HK): Termination of the acquisition of a yacht.

Gelonghui reported on March 21 that Baida International Holdings (01949.HK) announced its plans to acquire a yacht. After careful consideration, the company decided not to proceed with the acquisition. On March 21, 2025, the buyer and the shipbuilder entered into a termination agreement, in which the parties mutually agreed to terminate the yacht construction contract and release each other from their respective obligations under the yacht construction contract, effective from the date of the termination agreement. As of the announcement date, the group had not made any payments to the shipbuilder. Therefore, there is currently no need to issue any refunds.

Gelonghui FinanceMar 21 10:12 ET

Express News | Platt Nera International - Parties Mutually Agreed to Terminate Yacht Construction Contract

ReutersMar 21 10:05 ET

Baida International Holdings (01949.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.

Gelonghui announced on March 19 that Baida International Holdings (01949.HK) will hold a Board of Directors meeting on March 31, 2025 (Monday) to consider and approve the group's full-year performance ending December 31, 2024, as well as to propose the distribution of a final dividend (if any) and to address any Other matters.

Gelonghui FinanceMar 19 09:09 ET

PLATT NERA: DATE OF BOARD MEETING

HKEXMar 19 09:04 ET · Announcements

Platt Nera International Limited Announces Share Placing to Raise Capital

TipRanksMar 17 09:51 ET

Baida International Holdings (01949.HK) plans to issue a maximum of 0.12 billion shares at a discount of approximately 2.44%, raising a net amount of 9.251 million Hong Kong dollars.

Gelonghui March 17丨 Baida International Holdings (01949.HK) announced that on March 17, 2025, the company entered into a placement agreement with the placement agent, pursuant to which the placement agent (acting as the company's agent) conditionally agrees to facilitate subscriptions by no less than six subscribers (who and their ultimate beneficial owners and concert parties must be independent third parties) for a maximum of 0.12 billion placement shares at a placement price of HKD 0.08 per share. The placement shares represent 17.65% of the total existing issued shares as of the date of this announcement; the placement price is HKD 0.08 per placement share, which is lower than the share price at the placement.

Gelonghui FinanceMar 17 09:36 ET