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Sino-entertain (06933.HK) wholly-owned subsidiary Time Entertainment International signed a letter of intent with TIMCL
On August 23, Gaolonghui announced that on August 23, 2024, Sino-entertain (an indirectly wholly-owned subsidiary of the company) and TIMCL (an independent third party) entered into a non-binding letter of intent regarding the issuance of new shares of Sino-entertain to TIMCL. According to the letter of intent, after the issuance of the new shares, the group's equity in Sino-entertain will decrease from 100% to 51%. After the issuance, Sino-entertain will remain as a subsidiary of the group, and its financial performance will continue to be included in the group's financial statements.
Express News | Sino-Entertainment Technology - Letter of Intent in Respect of Possible Deemed Disposal Upon Formation of Joint Venture
sino-entertain (06933.HK) plans to hold a board of directors meeting on August 29 to approve its mid-term performance.
Sino-Entertain (06933.HK) announced on August 9 that the board of directors meeting will be held on Thursday, August 29, 2024, to (including but not limited to) (i) consider and approve the publication of the company and its subsidiary's interim results for the six months ending June 30, 2024; (ii) consider the distribution of interim dividends (if any); (iii) consider suspending the registration procedures for share transfer (as needed); and (iv) handle any other matters (if any).
Sino-Entertainment Expects Narrower Loss in H1
Express News | Sino-Entertainment Technology - Expected Result Due to Increase in Revenue From Co-Publishing of Third-Party Games & From Sales of Games, Others
Express News | Sino-Entertainment Technology Sees Hy Net Loss Ranging From RMB5.0 Mln to RMB7.0 Mln
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