July 26, 2017 5:35 AM ET

IT Services

Company Overview of Trillion Grand Corporate Company Limited

Company Overview

Trillion Grand Corporate Company Limited, an investment holding company, engages in system development, professional services, proprietary trading, money lending, and property investment activities in the People’s Republic of China. The company’s Systems Development segment provides systems development, maintenance, and installation, as well as consulting and software licensing services. Its Professional Services segment offers information technology engineering and technical support services, including financial valuation and IT services. The company’s Proprietary Trading segment is involved in trading listed securities. Its Money Lending segment provides financing services. The company's P...

CKK Commercial Centre

Unit B

29th Floor

289-295 Hennessy Road

Wan Chai,  

Hong Kong

24 Employees

Key Executives for Trillion Grand Corporate Company Limited

Chief Executive Officer, Compliance Officer & Executive Director
Age: 39
Total Annual Compensation: $415.0K
Executive Director
Age: 29
Total Annual Compensation: $332.0K
Executive Director
Age: 52
Total Annual Compensation: $71.0K
Compensation as of Fiscal Year 2017.

Trillion Grand Corporate Company Limited Key Developments

Trillion Grand Corporate Company Limited, Annual General Meeting, Jul 18, 2017

Trillion Grand Corporate Company Limited, Annual General Meeting, Jul 18, 2017, at 09:00 China Standard Time. Location: Room 2703, 27/F., Shui On Centre 6­8 Harbour Road Wanchai Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the company and its subsidiaries and the reports of the directors of the company and the auditors of the Company for the year ended 31 March 2017; to re-elect Mr. Hau Chi Kit as an independent non-executive director of the company; to re-elect Ms. Yeung Mo Sheung, Ann as an independent executive director of the company; to authorize the board of Directors to fix the Directors' remunerations; to re-appoint Elite Partners CPA Limited as the auditors of the company and authorize the Board to fix their remuneration; to grant a general mandate to the Directors to issue shares of the company; to grant a general mandate to the Directors to repurchase shares of the company; and to extend the general mandate granted to the Directors to issue shares by the nominal amount of shares repurchased.

Trillion Grand Corporate Company Limited Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2017

Trillion Grand Corporate Company Limited reported audited consolidated earnings results for the year ended March 31, 2017. For the year, the company's revenue was HKD 36,116,000 compared to HKD 63,289,000 a year ago. Loss before tax was HKD 38,863,000 compared to HKD 19,725,000 a year ago. Loss for the year from continuing operations was HKD 39,320,000 compared to HKD 19,736,000 a year ago. Loss for the year from continuing operations attributable to owners of the company was HKD 39,686,000 compared to HKD 19,736,000 a year ago. Loss for the year attributable to owners of the company was HKD 39,686,000 compared to HKD 19,802,000 a year ago. Basic and diluted loss per share from continuing operations was 35 cents against 26 cents a year ago. Basic and diluted loss per share from continuing and discontinued operations was 35 cents against 26 cents a year ago. Net cash used in operating activities was HKD 128,500,000 compared to net cash generated from operating activities of HKD 10,906,000 a year ago. Purchase of plant and equipment was HKD 468,000.

Trillion Grand Corporate Company Limited Provides Earnings Guidance for the Full Year Ended March 31, 2017

The board of directors of the Trillion Grand Corporate Company Limited provided earnings guidance for the full year ended March 31, 2017. For the period the company expected to record further loss attributable to owners of the company as compared to the corresponding year in 2016. The losses were mainly due to the realized and unrealized loss from investments of trading securities and decrease in sales as a result of the fierce competition from the thermal powered electricity supply market in China, as compared to the corresponding year in 2016.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 30, 2016
Shantou City Chaoren Port Yacht Club Limited
Merger/Acquisition
October 17, 2016
Shantou City Chaoren Port Yacht Club Limited
 

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