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forebase international hd lt (2310) Details

Forebase International Holdings Limited, an investment holding company, manufactures and sells electronic components. It operates in four segments: Composite Components, Unit Electronic Components, Properties Investment, and Hotel Operation. The company offers home and car audio products; choke coil and SMD inductors; digital radio products, including DAB/DAB+/DMB audio products and HD radio modules; ceramic products, such as band pass filters; wireless products comprising 2.4GHz and 5.8GHz wireless modules; and antenna products comprising FM type antenna and HD radio antenna products. It serves audio, video, and telecommunications industries primarily in Hong Kong, other parts of the People’s Republic China, South Korea, and Canada. The company was formerly known as Kwang Sung Electronics H.K. Co. Limited and changed its name to Forebase International Holdings Limited in March 2013. The company was founded in 1991 and is based in Causeway Bay, Hong Kong. Forebase International Holdings Limited is a subsidiary of Ultra Harvest Limited.

889 Employees
Last Reported Date: 09/25/14
Founded in 1991

forebase international hd lt (2310) Top Compensated Officers

Executive Director and Member of Executive Co...
Total Annual Compensation: $1.1M
Executive Director and Member of Executive Co...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

forebase international hd lt (2310) Key Developments

Forebase International Holdings Limited Announces Board Changes

The board of directors of Forebase International Holdings Limited announced that each of Mr.Ronald Lew Podlas and Mr.Li Zi has resigned as executive Director and a member of the executive committee of the company with effect from 16 February 2015 due to retirement and other work engagements respectively. The Board announced that Mr. Zhao Enze and Mr. Fan Jiangang have been appointed as executive Directors and members of the executive committee of the company. Prior to joining the Company, he had held various senior management positions in Bank of East Asia (China) Limited, Hang Seng Bank (China) Co. Ltd. and a number of real estate companies. He had served as branch president, general manager of corporate banking and other senior management positions in different domestic and foreign financial institutions, such as Bank of Communications, Industrial Bank, CITIC Bank and OCBC Bank. The Board also announced the resignation of Mr. Li as disclosed above, Mr. Zhao has been appointed as an authorised representative of the company with effect from 16 February 2015.

Forebase International Holdings Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2014

Forebase International Holdings Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2014. For the six months net cash used in operating activities was HKD 10,646,000 compared to HKD 41,547,000 a year ago. Purchases of property, plant and equipment was HKD 1,565,000 compared to HKD 4,090,000 a year ago.

Forebase International Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Forebase International Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported loss before tax of HKD 46,145,000, loss of HKD 42,493,000 or 13.12 cents loss per share on revenue of HKD 153,998,000 against loss before tax of HKD 19,055,000, loss of HKD 19,971,000 or 6.17 cents loss per share on revenue of HKD 136,373,000 for the same period a year ago. The decrease in revenue was mainly attributable to decrease in sales of tuner modules for home audios and sales of dual docking systems. The revenue amount represented approximately 37.7% of the group's total revenue.

 

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