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China Environmental Resources (01130.HK) cuts 1,955 billion shares due to share consolidation on a “5 and 1” basis
China Environmental Resources (01130.HK) announced that on April 9, 2024, the company will cut 1,955 billion shares due to a share consolidation on a “5 and 1” basis.
Express News | China Environmental Resources: The share merger will take effect on April 9
China Environmental Resources (01130.HK) plans to consolidate shares according to the “5 and 1” basis
Gelonghui, Feb. 29, 丨 China Environmental Resources (01130.HK) announced that the board of directors proposed a share merger. The basis is the merger of issued and unissued existing shares with a face value of HK$0.02 per five (5) shares into one (1) consolidated share with a face value of HK$0.1 per share. Stock consolidation is subject to approval by shareholders (including) at the Extraordinary General Meeting of Shareholders before it can actually take place. On the date of announcement, the trading unit for each lot of existing shares traded on the Stock Exchange was 4,000 existing shares. The board of directors recommended that after the share merger comes into effect, the trading unit for each lot traded on the Stock Exchange will be changed from 4,000 shares to 20,
China Environmental Resources (01130) announced interim results. Loss attributable to shareholders of HK$460.91 million increased by 1517.8% year-on-year
China Environmental Resources (01130) announced interim results for the six months ended December 31, 2023. The group...
China Environmental Resources to Widen Loss in July-December 2023
China Environmental Resources (01130.HK) issued profit warning
On February 19, China Environmental Resources (01130.HK) announced that the Group's unaudited consolidated loss for the six months ended December 31, 2023 is expected to increase to no less than HK$40 million compared to the loss of approximately HK$2.24 million for the same period in 2022. The Board believes that the increase was due to the combined impact of the following matters during the period: (i) the reduction in other income to approximately HK$1.3 million; (ii) the fair value loss of investment properties was approximately HK$11.4 million; (iii) the loss due to changes in the fair value of biological assets minus the cost of sale was approximately HK$30.4 million; and (i)
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