Take Care Before Jumping Onto Min Fu International Holding Limited (HKG:8511) Even Though It's 52% Cheaper
Min Fu International (08511) plans to conduct stock consolidation with a ratio of 40 to 1 as the benchmark.
Min Fu Intl (08511) released an announcement that the board of directors proposes to distribute one bonus share for every 40 existing issued and unissued shares of the company's share capital.
Express News | Min Fu International - Proposes Every 40 Existing Shares of Co Be Consolidated Into One Share
In July, the industry developed rapidly according to Northeast Securities. The weak recovery trend of the general sector continued, and equipment updates are expected to accelerate.
In July, the national industrial value-added of scale enterprises increased by 5.1%, a decrease of 0.2 percentage points compared to the previous period.
In July, China's industrial added value above a designated scale increased by 5.1% year-on-year, with manufacturing industry growing by 5.3%.
From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.35% compared with the previous month.
Min Fu International plans to offer a discount of about 14.29% to sell up to 0.144 billion shares, with a net raise of about HKD 3.2 million.
Min Fu Intl (08511) announced that on August 13, 2024 (after the trading period of the Hong Kong Stock Exchange), the company entered into a placement agreement with the placement agent. Pursuant to the agreement, the company conditionally agreed to place up to 0.144 billion placement shares to no less than six placees through the placement agent at a placing price of HKD 0.024 per placing share, representing a discount of about 14.29% to the closing market price per share of HKD 0.028 as quoted on the Hong Kong Stock Exchange on the date of the placement agreement. The announcement stated that the estimated maximum net proceeds from the placement would be approximately HKD 3.2 million, equivalent to a net issue price of approximately HKD 0 per placing share.
Min Fu International (08511) plans to offer a discount of approximately 14.29% for the maximum subscription of 0.144 billion shares, with a net raise of approximately HKD 3.2 million.
Min Fu Intl (08511) announced that on August 13, 2024 (after the trading session of the Stock Exchange), the company will trade with...
Express News | Min Fu International - to Place 144 Mln at HK$0.024 per Placing Share
CITIC Securities: Three-dimensional analysis of space, path, and profit reveals great opportunities for global auto parts globalization.
Now is the right time to go global. The accelerated globalization of high-quality domestic parts supports a new round of growth in the domestic parts industry in terms of space, path, and profitability. It is expected to create a new global leader.
MIN FU INTL: ANNUAL REPORT 2024
Min Fu International Holding Limited (HKG:8511) Stock Rockets 26% But Many Are Still Ignoring The Company
Min Fu Intl (08511) released its annual results with a net loss of HK$20.098 million attributable to shareholders, a year-on-year decrease of 28.86%.
Min Fu Intl (08511) has released the annual performance for the fiscal year ended on March 31, 2024, during which the group achieved...
Express News | Min Fu International Holding FY Gross Profit HKD 17.6 Million
Express News | Min Fu International Holding FY Revenue HKD 80.5 Million
Express News | Min Fu International Holding FY Net Income HKD -20.3 Million
MIN FU INTL: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
Minfu International (08511): Chen Meng appointed as an independent non-executive director
Minfu International (08511) announced that with effect from May 2, 2024, Chen Meng has been appointed as an independent non-executive director...
Minfu International (08511) subsidiary plans to sell 20% of Huanggang Fuyuan Cultural Development's shares for 4.2 million yuan
Minfu International (08511) issued an announcement. On February 7, 2024, the seller Shenzhen Minfu Intelligent Manufacturing Co., Ltd...
MIN FU INTL: INTERIM REPORT 2023
Minfu International (08511) released interim results, losses attributable to shareholders of HK$7.728 million narrowed 28.39% year-on-year
Minfu International (08511) announced interim results for the six months ended September 30, 2023. The group achieved...
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