Sheen Tai Holdings Faces Loan Default Situation
SHEEN TAI (01335.HK): Borrower defaults on loan repayment.
On December 16, Gelonghui reported that SHEEN TAI (01335.HK) announced that on June 12, 2023, a loan agreement was established between the lender and the borrower, under which the borrower is to repay the principal and pay interest to the lender by March 18, 2024. On March 21, 2024, the lender, borrower, and personal guarantor entered into a supplementary agreement, under which the parties conditionally agreed to extend the repayment date to November 30, 2024, and increase the loan interest rate from 0.42% per month to 1% per month, with additional guarantees provided by the personal guarantor. Due to the borrower's failure to fully repay before the repayment date.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an
Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;
Sheen Tai Holdings Expands Into Bitcoin Mining Sector
Sheen Tai Holdings Group Terminates Disposal Agreement, To Sell to New Buyer
Sheen Tai intends to sell 100% equity of Jiangsu Jingge Run Technology for 21.98 million yuan.
Sheen Tai (01335) announced that after careful consideration and discussion, given that the 50 million yuan has not been settled according to the previous agreement, the seller issued a written termination notice to Huai'an Bank on November 15, 2024. Therefore, according to the terms and conditions of the previous agreement, the prior sale has been considered terminated. After the termination of the prior sale, on December 6, 2024 (after trading hours), the seller (the company's wholly-owned subsidiary Leading Feiyu Technology (Shenzhen) Co., Ltd.) signed a new sale agreement related to the new sale with the buyer Jiangsu Mengfei Silk Weaving Co., Ltd., intending to sell to the buyer.
Sheen tai (01335.HK) has recently sold its printed cigarette film business for 21.98 million yuan.
Sheen Tai Holdings (01335.HK) announced the sale of its subsidiary, Jiangsu Jinge Run Technology, which produces printed cigarette membranes, to an independent third party, Jiangsu Mengfei Silk Weaving, for a price of 21.98 million yuan, with an estimated sale profit of around 1.54 million yuan. At the same time, the company's original sale agreement with Huai'an Daxing Internet of Things Technology has been terminated.
Sheen Tai (01335) intends to sell 100% equity of Jiangsu Jinge Run Technology for 21.98 million yuan.
Sheen tai (01335) announced that after careful consideration and discussion, given that the 50 million yuan has not been...
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