Food King (Global) (08619) released its annual performance. Shareholders' share of surplus increased by 98.72% to HKD 3.718 million.
The global food king (08619) released its annual results as of March 31, 2024, with revenue of 1.01...
Express News | WAC Holdings FY Gross Margin 33%
Express News | WAC Holdings FY Gross Profit HKD 33.3 Million
Express News | WAC Holdings FY Revenue HKD 101 Million
KING OF CATER: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 31 MARCH 2024
Food King (Global) (08619) will develop C-PON business globally.
Intelligent Financial News APP announced that Global (08619) released news on June 27, 2024 that KOCHK and KOCJ concluded an authorization agreement, according to which KOCHK, an indirectly wholly-owned subsidiary of the company, will globally develop C-PON business. It is reported that C-PON is a multifunctional platform developed and operated by KOCJ in Japan, integrating coupon and payment functions, and currently has about 1.5 million users and more than 10,000 merchants in Japan. KOCJ also owns the hair removal chain store Musee Platinum (which has about 4.5 million members)
Food King (Global) (08619.HK): KOCHK and KOCJ sign authorization agreement.
On June 28th, Gelunhui announced that on June 27th, 2024, KOC Japan Inc. (KOCJ), the licensor, and King Of Catering (Hong Kong) Ltd. ( KOCHK), the licensee and company's indirectly wholly-owned subsidiary, have entered into a license agreement for KOCHK to develop a multifunctional platform called C-PON currently owned and operated by KOCJ in Japan and globally. The global C-PON business development includes: 1) Providing an alliance meal
Express News | King of Catering (Global) - Under Agreement, Unit Will Develop Comprehensive Platform for Coupon and Payment Functions Business Worldwide
Express News | King of Catering (Global) - Unit Entered Into a Licensing Agreement With Koc Japan Inc
KING OF CATER: DATE OF BOARD MEETING
WAC HOLDINGS (08619.HK) will conduct due diligence on KOC's current business operation of C-Pon in Japan.
On June 13th, Growlink announced that WAC HOLDINGS (08619.HK) will conduct due diligence on KOC's C-Pon business in Japan after consultation with KOC, in order to formalize the agreement for the rights to use the C-Pon platform in Hong Kong, South Korea, and Southeast Asia. The due diligence process is expected to be completed at the end of June 2024. C-Pon is a new business model that combines online payment services with in-store discounts. The group's goal is to expand the C-Pon business in this area and in addition to this.
WAC HOLDINGS (08619.HK) plans to expand its business and diversify into the dining and news technology industries.
On June 6, Guangdong News Network reported that Wac Holdings (08619.HK) signed a non-binding Memorandum of Understanding with KOC Japan Inc. ("KOC" or "potential partner") on June 6, 2024. According to the memorandum of understanding, the company intends to acquire the right to use and operate mobile applications and/or the C-Pon platform owned by KOC in Hong Kong, South Korea and Southeast Asia. The terms and conditions of using the mobile application will be further negotiated and agreed upon by the contracting parties. The Board of Directors believes that once the cooperation with KOC is in place, the Group will be able to expand its operations.
The Food King (Global) (08619) plans to acquire the rights to use and operate mobile applications and/or the C-Pon platform owned by KOC in Hong Kong, South Korea and Southeast Asia.
The Food King (Global) (08619) announced that on June 6, 2024, the company signed a memorandum of understanding with KOC Japan to jointly develop the business of food delivery robots in Japan and other overseas markets.
Express News | WAC Holdings - Intends to Acquire Right to Use C-Pon Platform Owned by Koc, in Hong Kong, South Korea and South East Asia
Express News | WAC Holdings- Under Mou Co Intends to Acquire Right to Use and Operate Mobile App and/or C-Pon Platform Owned by Koc
Express News | Wac - Entered Into Non-Legally Binding Memorandum of Understanding With Koc Japan Inc.
Express News | WAC Holdings Ltd - Memorandum of Understanding in Relation to Strategic Cooperation Agreement
WAC HOLDINGS (08619.HK) completes placement of 150 million shares
Gelonghui, May 29 | WAC HOLDINGS (08619.HK) announced that the conditions for the placement have been met, and the placement was completed on May 29, 2024. The placement agent has placed HK$0.12 per share at the placement price in accordance with the terms and conditions of the placement agreement, and successfully placed a total of 150 million shares to no less than six (6) assignees, which is equivalent to approximately 12.2% of the total number of existing issued shares immediately before completion and approximately 10.9% of the total number of issued shares expanded through allotment and issuance immediately after completion.
Food King (Global) (08619) completed a total placement of 150 million shares to raise approximately HK$17 million
Zhitong Finance App News, Food King (Global) (08619) issued an announcement. The conditions for the placement have been met, and the placement was completed on May 29, 2024. The placement agent has placed HK$0.12 per share at the placement price in accordance with the terms and conditions of the placement agreement, successfully placing a total of 150 million shares to no less than 6 undertakers, which is equivalent to approximately 12.2% of the total number of existing issued shares immediately before completion and approximately 10.9% of the total number of issued shares expanded through allotment and issuance of placed shares immediately after completion. The total proceeds from the placement are estimated to be around HK$18 million
WAC HOLDINGS (08619.HK) plans to sell 150 million shares at a discount of approximately 9.68% to raise HK$20 million net
Gelonghui, May 3, 丨 WAC HOLDINGS (08619.HK) announced that on May 3, 2024, the company entered into a placement agreement with the placement agent. According to this, the placement agent has agreed to make every effort to place 150 million shares at the placement price of HK$0.14 per share to no less than six undertakers in accordance with the terms and conditions set forth in the placement agreement. The placement price of HK$0.14 per share was discounted by approximately 9.68% from the closing price of HK$0.155 per share reported on the Stock Exchange on May 3, 2024 (the date of the placement agreement); the placement of shares is equivalent to experience
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