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China Env Res (01130.HK) has signed a memorandum of understanding with Goldwin Century.
On February 21, Glodon announced that China Env Res (01130.HK) entered into a memorandum of understanding with Goldwin Century Limited regarding the potential collaboration for the business development and other associated business opportunities related to the rare earth project located in China, which will be subject to the terms and conditions of a separate formal and legally binding agreement to be established. Goldwin Century is a limited company registered in the British Virgin Islands and serves as an investment holding company. Through a series of structured contracts, Goldwin.
Announcement Highlights | Alibaba's revenue in the last quarter increased by 8% year-on-year; "Snow King" has started its IPO! The stock is priced at HKD 202.5 per share.
In the last quarter, Alibaba's Net income increased by over 300%; CHINA RES POWER's photovoltaic sales volume in January rose by 45%.
China Env Res (01130.HK): Expected to reduce mid-term comprehensive losses by no less than 60%.
On February 20, Glonghui reported that China Env Res (01130.HK) announced that it expects the group to reduce its unaudited consolidated loss for the six months ending December 31, 2024, by no less than 60% compared to a loss of approximately 45.3 million Hong Kong dollars in the same period of 2023. The Board of Directors believes that the reduction is due to the combined effects of the following matters for the six months ending December 31, 2024: (i) a decrease in revenue to approximately 29.8 million Hong Kong dollars due to reduced product demand, leading to a decrease in gross profit to approximately 6.4 million Hong Kong dollars; (ii) a reduction in administrative and operating expenses to approximately 18.2 million Hong Kong dollars.
China Environmental Resources Cancels Share Option Offer
China Env Res announced the cancellation of the offer to grant stock options.
China Env Res (01130) announced that the company will offer a total of 29.6046 million stock options to 15 qualified individuals according to the stock option plan adopted on November 11, 2015, to subscribe for a total of 29.6046 million shares at an initial exercise price of HKD 0.3. As of the date of this announcement, no stock options have been accepted by any grantee. On February 17, 2025, the Board of Directors resolved to cancel the offer, after which the related stock options will no longer be available for acceptance, and no related stock options will be granted to the grantee.
China Env Res (01130.HK) has granted a total of 29.6 million stock options.
Gelonghui, February 14th丨China Env Res (01130.HK) announced that after mutual agreements between the company and the remaining grantees, the outstanding stock options have been canceled as per the terms of the stock option plan from the date of this announcement. Following the aforementioned cancellation, the company has no outstanding stock options. On February 14, 2025, the company resolved to grant a total of 29,604,636 stock options to 15 eligible persons of the group under the stock option plan, for the subscription of a total of 29,604,636 shares (equivalent to approximately 6.06% of the total issued shares as of the date of this announcement), stock options to be issued.