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Hong Kong Bourse to Delist China Bright Culture
Bright culture (01859.HK): The Listing Committee has decided to cancel the company's listing status on the Hong Kong Stock Exchange.
Glory Times November 12th | Bright Culture (01859.HK) announced that on November 8, 2024, the Stock Exchange notified the company that the Listing Committee decided to cancel the company's listing status on the Stock Exchange ("Delisting Decision") in accordance with Rule 6.01A of the Listing Rules because the company failed to achieve the resumption guidance and resume trading in shares by September 30, 2024.
China Bright Culture Group Expands Amid Trading Suspension
Bright culture (01859.HK) has submitted an application for the resumption of trading.
Bright culture (01859.HK) announced on October 28th that since the suspension of trading of the company's shares on March 31, 2023, the company has taken active measures to correct the issues that led to the suspension in order to meet all resumption guidelines. The company submitted a resumption application for trading to the Hong Kong Stock Exchange on September 30, 2024.
BRIGHT CULTURE: CLARIFICATION ANNOUNCEMENT
Bright culture (01859.HK) revenue in 2023 is about 2.2 million yuan, a year-on-year decrease of about 96.6%.
Bright culture (01859.HK) announced on October 10th that in 2023, under the pressure of media environment changes, the group took the initiative to seek change, expanding industrial development in depth on the basis of solidifying its main business. As of December 31, 2023, the annual revenue was approximately RMB 2.2 million, a decrease of about 96.6% year-on-year. The group confirmed a net loss of approximately RMB 1.288 billion for the year ended December 31, 2023, while the net profit for the year ended December 31, 2022, was approximately RMB 10.2 million. The annual loss per share is approximately RMB 0.805.
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