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New Concepts (02221.HK) recommended increasing the statutory share capital to HKD 400 million.
Chuangye Group Holdings Limited (02221.HK) announced on June 25 that the company's board of directors proposed to increase the company's authorized share capital. As of the announcement date, the company's existing authorized share capital is HKD 200 million, consisting of 2 billion shares with a par value of HKD 0.10 per share. As of the announcement date, there were 1,606,132,134 issued shares, while 393,867,866 shares were authorized but not issued. In order to make the company's fundraising more flexible and promote future business growth, the board of directors proposes to issue an additional 2 billion new unissued shares, increasing the company's authorized share capital from HKD 200 million (consisting of 20
Express News | New Concepts - to Increase Share Capital to HK$400 Mln Dividend Into 40 Bln Shares of HK$0.1 Each
Express News | New Concepts - Proposed Increase in Authorised Share Capital
New concepts released annual performance report, shareholders' share of profits amounted to HKD 2.863 million, turning losses into gains year-on-year.
New Concepts (02221) has released its annual performance report for the year ending on March 31, 2024, with a revenue of HKD 628 million, a year-on-year increase of 15.23%. The company's equity holders had a net profit of HKD 2.863 million, compared to a loss of HKD 20.797 million in the same period last year, with an earnings per share of 0.18 Hong Kong cents. It is reported that the revenue growth is due to an increase in business activity in the construction and eco-friendly concept sectors.
New concepts (02221.HK) annual revenue increased by approximately 15.2% to approximately HKD 628 million.
Chuangye Group Holdings (02221.HK) announced that for the year ending March 31, 2024, the group's revenue increased by about 15.2% to about HK$628,200,000, due to the increase of the construction business and eco-friendly concepts. The company's shareholders' net profits for the year are expected to be approximately HK$2,900,000, while the previous year had a net loss of approximately HK$20,800,000.
Express News | New Concepts Holdings FY Pretax Profit HKD 31.8 Million
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