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Simplicity hldg (08367): Plans to reapprove the company's name change.
simplicity hldg (08367) issued a statement, according to the company’s legal advisor in the Cayman Islands, the Cayman Islands company registry believes that the establishment...
SIMPLICITY HLDG: SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Simplicity Holdings' general mandate for issuing new shares has expired.
Simplicity hldg (08367) announced that as the conditions under the subscription agreement could not be met by October 31, 2024, the subscription agreement expired on October 31, 2024. In accordance with the terms and conditions of the subscription agreement, all rights, obligations, and responsibilities of the contracting parties under the subscription matters will cease and terminate, and the contracting parties shall not make any claims against each other regarding the subscription matters (except for any prior breaches and/or any rights or obligations that may be accrued under the subscription agreement prior to its termination). The board of directors believes that the failure of the subscription matters will affect the group's existing business operations.
Simplicity Holdings (08367.HK) terminates the maximum of 0.23 billion shares of new shares for allotment.
According to the announcement from simplicity hldg (08367.HK) on October 31, it is related to the placement of up to 0.23 billion new shares. The board of directors announced that since the conditions under the placement agreement could not be reached by October 31, 2024, the placement agreement has expired on October 31, 2024. In accordance with the terms and conditions of the placement agreement, all rights, obligations, and responsibilities of the parties to the placement matters under the placement agreement will cease and terminate, and the parties to the agreement shall not make any claims against each other on the placement matters (except for any prior breaches and/or any amounts that may be due under the placement agreement prior to the termination).
Simplicity hldg (08367) plans to offer a discount of approximately 17.24% for the rights issue, with a maximum net fundraising of about 5.4 million Hong Kong dollars.
Simplicity Holdings (08367) announced that on October 10, 2024, the company plans to issue shares through placement agents to not less than...
Simplicity hldg (08367.HK) intends to purchase assets such as air cushion container trucks for 5 million Hong Kong dollars.
On September 23, Gelonhui announced that Simplicity Holdings (08367.HK) disclosed that on September 23, 2024, its indirectly wholly-owned subsidiary Junxuan Engineering Co., Ltd. and the seller Xili Co., Ltd. entered into a purchase and sale contract for the purchase of assets at a price of 5 million Hong Kong dollars. The price is based on the current market value of similar assets, as determined by both parties through fair negotiations in accordance with normal commercial terms. The "assets" include 1.3 air cushion freight containers (vehicle registration numbers: SU2889, TV6765, TX7199); 2.6 air cushion trailers; 3.2 38-ton crane trucks (vehicle registration numbers: UM9.
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