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Coolpad Group (02369.HK) continues to operate as usual in all major areas and remains suspended from trading.
On June 28th, Golonghui announced that despite the suspension of stock trading, the business operations of Coolpad Group (02369.HK) are still ongoing in all significant aspects according to the director's knowledge. The company will continue to closely monitor its financial situation and business operations and will make announcements as necessary. The suspension of trading will continue.
COOLPAD GROUP: QUARTERLY UPDATE ON PROGRESS OF RESUMPTIONANDCONTINUED SUSPENSION OF TRADING
Coolpad Group (02369.HK) spent 13.58 million US dollars to purchase electronic operation servers.
Coolpad Group (02369.HK) announced on June 13 that on June 13, 2024, the buyer (a wholly-owned subsidiary of the company) signed a purchase contract for June 2024 to purchase equipment for a total price of $13.58 million. The equipment refers to the electronic computing servers that the buyer has purchased or will purchase based on the 2023 purchase contract and the 2024 June purchase contract (depending on the situation).
Express News | Coolpad Group Ltd - to Acquire Electronic Computer Servers for US$13.6 Mln
Coolpad Group (02369.HK) received guidance for resumption of trading and will continue to be suspended.
On May 31, 2024, Coolpad Group (02369.HK) received a letter from the Hong Kong Stock Exchange for its resumption to trade the following guidelines:(a) Conduct an independent investigation into the allegations, disclose the investigation results, evaluate the impact on the company's business operations and financial condition, and take appropriate remedial measures; (b) Publish all unpublished financial performance as required by the listing rules and handle any audit revisions; (c) Prove the integrity, ability, and/or character of the group's management and/or any person with significant influence on the company's management and operation.
Coolpad Buys Shares in Nasdaq-Listed Crypto Firms
Coolpad Group (HKG:2369) unit Digital Tech bought shares in two Nasdaq-listed companies as part of its plan to invest in the crypto assets sector, a Friday filing on the Hong Kong bourse. The unit bou
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