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IDT INT'L (00167.HK) profit alert: expecting a net profit of approximately 0.115 billion HKD for 2024.
On March 26, Gelonghui reported that IDT INT'L (00167.HK) announced that for the year ending December 31, 2024, based on the unaudited consolidated management accounts and preliminary assessments of information currently available, the group expects to record a net profit of approximately 0.115 billion Hong Kong dollars, compared to a net loss of approximately 14.2 million Hong Kong dollars for the year ending December 31, 2023, primarily due to the restoration of business operations in the fiscal year 2024, whereas operations were largely suspended in the fiscal year 2023.
IDT INT'L (00167.HK): Xu Jinwen resigned as Director.
On March 14, Gelonghui reported that IDT INT'L (00167.HK) announced that Director Xu Jinwen resigned to allocate more time to personal Other affairs and responsibilities, effective from the date of this announcement. On the same day, it was announced that (1) Tiger Charles Chen was transferred from non-executive director to executive director; and (2) Zhang Yuqi was transferred from executive director to non-executive director, effective from the date of the announcement.
IDT INT'L (00167.HK): Completed the subscription of new shares and placement matters under special authorization, raising a total of 0.234 billion Hong Kong dollars.
On March 13, Gelonghui reported that IDT INT'L (00167.HK) announced that all the preconditions for the subscription matter have been fulfilled, and the completion has been implemented on March 13, 2025, in accordance with the terms and conditions of the subscription agreement. The completion of the placement matter coincides with this. The total amount raised from the subscription matter is 0.234 billion Hong Kong dollars, while the net amount raised is approximately 0.23 billion Hong Kong dollars.
IDT INT'L (00167.HK): The capital reorganization has been effective since February 20.
On February 20, Glonghui reported that IDT INT'L (00167.HK) announced that all conditions for the capital reorganization as stated in the circular have been met, thus the capital reorganization has been effective since February 20, 2025.
