Sheen Tai's Subsidiary to Acquire Nevada-Based Technology Company; Shares Up 3%
Sheen Tai Holdings subsidiary intends to acquire 100% of the target company's issued shares.
Sheen Tai Holdings (01335) announced that on October 21, 2024, the buyer (a wholly-owned subsidiary of the company) and the seller (an independent third party) have entered into a purchase agreement on the acquisition. The seller agrees to sell at a price and the buyer agrees to purchase the shares for sale (equivalent to 100% of the target company's issued shares). After the completion of the acquisition, the target company will become an indirectly wholly-owned subsidiary of this company, and the financial performance of the target group will be consolidated into the financial statements of this group. According to the purchase agreement, the buyer agrees to acquire and the seller agrees to sell the shares for sale (equivalent to 100% of the target company's issued shares.
Sheen Tai Holdings (01335.HK) spent 75 million yuan to acquire digital assets.
Sheen Tai (01335.HK) announced the acquisition of 100% equity of a technology company from an independent third party, the latter mainly engaged in software development and holding equipment, including 4,250 units of HASH supercomputing servers S19; and 650 units of HASH supercomputing servers S19 Pro, with a cash consideration of 75 million yuan.
Sheen Tai (01335.HK) intends to acquire all the shares of a software development company.
Glory Holdings reported on October 21 that sheen tai Holdings (01335.HK) announced that on October 21, 2024, the buyer, Sheentai Cloud Network Co., Ltd. (a wholly-owned subsidiary of the company), and the seller, Huang Weili (an independent third party), had entered into a purchase agreement for the acquisition. Under this agreement, the seller agrees to sell and the buyer agrees to purchase the shares to be sold (equivalent to 100% of the target company's issued shares). After the completion of the acquisition, the target company will become a direct wholly-owned subsidiary of the company, and the financial performance of the target group will be consolidated into the financial statements of the group. The target company is a company as of March 2024.
SHEEN TAI: Interim Report 2024
The interim net profit of Sheen Tai Holdings (01335.HK) was 1.88 million yuan, a decrease of 67.5%, and no dividends were paid.
Sheen Tai Holdings (01335.HK) announced its interim results for the six months ending in June, with revenue of 0.106 billion yuan, a 53.1% year-on-year decrease. Recorded a net profit of 1.88 million yuan, a 67.5% decline, and earnings per share of 0.077 cents. No interim dividend declared.
Sheen Tai Holdings (01335) announced its interim performance, with a net profit attributable to equity shareholders of 1.879 million Hong Kong dollars, a decrease of 67.47% year-on-year.
Sheen Tai Holdings (01335) released its interim results for the six months ended June 30, 2024, during which the group achieved...
SHEEN TAI: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Sheen Tai Discloses Subsidiary Sale Details
Sheen Tai Holdings Limited (01335.HK) priced the sale of printed cigarette film at 50 million RMB and its subsidiary.
Sheen Tai (01335.HK) announced that it has acquired all the equity of Jiangsu Jingerrun Technology, a subsidiary of Huai'an Daxing Internet of Things Technology Printing Cigarette Film, for a cash consideration of 50 million RMB.
Sheen Tai Holdings Announces Subsidiary Sale
Sheen Tai (01335.HK) plans to sell 100% equity of Jiangsu Jingerun Technology for 50 million yuan.
On August 20th, Gleamaili reported that Sheen Tai Holdings (01335.HK) announced that on August 20th, 2024, the seller (Leading Feiyu Technology (Shenzhen) Co., Ltd., the company's indirect wholly-owned subsidiary) signed an agreement with Huai'an Daxing Internet of Things Technology Co., Ltd. (as the buyer) regarding the sale matters. Based on this, the seller agreed to sell and the buyer agreed to purchase the target company's 100% equity. The transaction value is RMB 50 million yuan. As of the date of the agreement and before the completion of the sale, the target company (Jiangsu Jingerun Technology Co., Ltd.) is the company's indirect wholly-owned subsidiary.
Sheen Tai Holdings Schedules Key Financial Meeting
Sheen Tai (01335.HK) plans to hold a board of directors meeting on August 30 to approve the mid-term performance.
Sheen Tai (01335.HK) announced that the board of directors will hold a meeting on August 30, 2024 (Friday) to consider and approve the unaudited interim performance of the company and its subsidiaries for the six months ended June 30, 2024, including considering the payment of interim dividends (if any).
SHEEN TAI: NOTICE OF BOARD MEETING
Sheen Tai Holdings Unveils Board Structure
Sheen Tai Holdings Welcomes New Executive Director
Sheen Tai (01335.HK): Bai Chaosun was appointed as an executive director.
Sheen Tai Holdings (01335.HK) announced on July 26th that Bai Chaoshun has been appointed as an executive director and will take effect on August 1st, 2024.
Sheen Tai (01335.HK) received an off-market shareholding of 609 million ordinary shares by Polly Power Group Limited, worth about HKD 152 million.
On June 19th, according to documents disclosed by the Hong Kong Stock Exchange, Polly Power Group Limited increased its shareholding in Sheen Tai (01335.HK) by off-market trading at an average price of HKD 0.25 per share on June 15, with a total of 609 million ordinary shares, worth about HKD 152 million. After the increase, the latest shareholding of Polly Power Group Limited is 609 million shares, and the HAOcang ratio has increased from 0.00% to 25.00%. This transaction involves other related parties: Dai Jizhou and Feng Yi Ca.
Sheen Tai Holdings Group's Controlling Shareholder Agrees to Sell 25% of Company's Stake
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