Raffles Interior to Dispose 100% Stake in Subsidiary for Nominal Amount to Limit Downside Risk

MT NewswiresJan 2 21:19

RAFFLESINTERIOR (01376.HK) is selling 51% of the Wuhan Second Factory's soda for 1 yuan.

RAFFLESINTERIOR (01376.HK) announced the sale of 100% equity of China Soft Drinks to an independent third party, Mr. Ni Shijie, who holds 51% equity of Wuhan's Second Factory Soft Drinks, at a nominal price of 1 yuan.

AASTOCKSDec 31, 2024 22:38

Raffles Infrastructure^ (01376.HK) plans to sell all its equity in China Soft Drinks for 1 Hong Kong dollar.

Gelonghui, December 31丨Raffles Infrastructure^ (01376.HK) announced that the company entered into a sales agreement on December 31, 2024, under which the company agrees to sell all its equity interests in China Soft Drinks Limited to the buyer at a nominal price of 1 Hong Kong dollar on an "as-is" basis ("the Sale"). China Soft Drinks is a wholly-owned subsidiary of the company, indirectly holding 51% of the equity interests in the China subsidiary. The Sale was completed on the same day. The company suspects that the original seller may have potential fraud.

Gelonghui FinanceDec 31, 2024 20:13

Raffles Infrastructure^ (01376.HK) has appointed Yu Zhili to be the company secretary, authorized representative, and agent for legal process documents.

On December 24, Glonghui announced that Raffles Infrastructure^ (01376.HK) announced that Zhu Peiqi has resigned from the position of company secretary under the Hong Kong Stock Exchange's Listing Rule 3.28 ("Company Secretary"), from the position of authorized representative under Listing Rule 3.05 ("Authorized Representative"), and from the position of authorized representative to receive legal process documents and notices on behalf of the company in Hong Kong under Section 16 of the Companies Ordinance (Chapter 622) ("Legal Process Document Agent"), effective from December 24, 2024. On the same day, it was announced that Yu Zhili is appointed.

Gelonghui FinanceDec 24, 2024 22:07

RAFFLESINTERIOR: INTERIM REPORT 2024

HKEXSep 19, 2024 22:41 · Announcements

RAFFLES INTERIOR (01376.HK) mid-term earnings decreased by about 54.1% to 24.3 million new yuan

RAFFLES INTERIOR (01376.HK) announced on August 30th that for the 6 months ending June 30th, 2024, the group's overall income decreased by approximately 54.1% year-on-year to approximately 24.3 million Singapore dollars. The company's net profit attributable to owners is approximately 0.392 million Singapore dollars. The board of directors does not recommend the payment of any interim dividends for the 6 months ending June 30th, 2024 (0 for the 6 months ending June 30th, 2023). For the 6 months ending June 30th, 2024, the company primarily sells to C-end retail customers. The company has established a partnership with China Petroleum & Chemical Corporation.

Gelonghui FinanceAug 30, 2024 23:15