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Last $0.54 HKD
Change Today +0.03 / 5.88%
Volume 13.0M
2366 On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 4:01 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

smi culture group holdings l (2366) Snapshot

Open
$0.50
Previous Close
$0.51
Day High
$0.55
Day Low
$0.50
52 Week High
06/11/14 - $1.10
52 Week Low
03/10/15 - $0.30
Market Cap
364.5M
Average Volume 10 Days
42.5M
EPS TTM
$-0.43
Shares Outstanding
675.1M
EX-Date
03/21/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SMI CULTURE GROUP HOLDINGS L (2366)

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smi culture group holdings l (2366) Details

SMI Culture Group Holdings Limited, an investment holding company, primarily provides media services in the People’s Republic of China. It is engaged in the provision of cross-media services, including television (TV) program and production related services; TV advertising; outdoor advertising; public relations services; and product promotional services to advertisers, advertising firms, and TV stations. The company also offers TV media services, such as market research, positioning, promotion, distribution planning, product placement and syndication program planning, production related services and public relations activities, etc.; and consultancy services, as well as invests in properties. In addition, it holds scripts, synopses, and editing rights; advertising and public relations rights of TV channels; advertising rights of printed media and a radio show; adaptation rights of fiction series; and publication and adaptation rights. The company was formerly known as Qin Jia Yuan Media Services Company Limited and changed its name to SMI Culture Group Holdings Limited in January 2014. SMI Culture Group Holdings Limited was founded in 1995 and is headquartered in Central, Hong Kong.

43 Employees
Last Reported Date: 09/10/14
Founded in 1995

smi culture group holdings l (2366) Top Compensated Officers

Executive Director and Member of Executive Co...
Total Annual Compensation: $400.0K
Executive Director and Chairman of Executive ...
Total Annual Compensation: $355.0K
Compensation as of Fiscal Year 2013.

smi culture group holdings l (2366) Key Developments

SMI Holdings and the SMI Culture Announces Loan Agreement

Both the SMI Holdings Board and the SMI Culture Board are pleased to announce that on 26 March 2015, the loan agreement is entered into between SMI Holdings and SMI Culture in relation to the provision of the Facilities by SMI Holdings in favour of SMI Culture. Date of loan agreement is 26 March 2015 (after trading hours) and parties are SMI Holdings as lender and SMI Culture as borrower. Pursuant to the Loan Agreement, SMI Holdings agree to make available to SMI Culture the revolving loan Facilities of up to HKD 250,000,000 subject to and upon the terms and conditions of the Loan Agreement. The facilities may be drawn during the Availability Period by SMI Culture giving not less than one (1) Business Day's prior written notice of drawing of the proposed drawing to SMI Holdings. All drawings shall be deposited by SMI Holdings (or any of its subsidiaries) in a designated account of SMI Culture (or any of its subsidiaries) as SMI Culture may direct. Subject to the terms and conditions of the Loan Agreement, the Facilities will be available during the Availability Period. Interest on the outstanding amount of the loans drawn under the Facilities shall accrue at the rate of 10% per annum. Interest shall be payable monthly in arrears unless otherwise agreed between SMI Holdings and SMI Culture. The amounts drawn under the Facilities together with all interest accrued thereon (if any) shall be repaid by SMI Culture in full in one lump sum on the repayment date i.e. the third anniversary of the date of the Loan Agreement. SMI Holdings shall have the right to demand for early repayment of any amounts drawn under the Facilities by written notice. SMI Culture shall be entitled to prepay all or part of the amounts drawn under the Facilities by written notices. Any amounts prepaid may be redrawn under the Facilities during the Availability Period provided that the outstanding principal amount of the amounts drawn under the Facilities from time to time shall not exceed HKD 250,000,000. The principal amount of the Facilities and the interest rate are arrived at after arm's length negotiations between SMI Holdings and SMI Culture with reference to, among others, the interest rates quoted by relevant financial institutions and independent financiers on similar terms. Both the SMI Holdings Board and the SMI Culture Board considers that the terms and conditions of the Loan Agreement, including the principal amount of the Facilities and the interest rate, are fair and reasonable and on normal commercial terms and are in the interests of both SMI Holdings and SMI Culture and the respective shareholders of SMI Holdings and SMI Culture.

SMI Culture Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Feb 16, 2015

SMI Culture Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Feb 16, 2015., at 15:00 China Standard Time. Location: Unit 1, G/F, The Center. Agenda: To refresh the general mandate to directors of the Company to allot, issue and deal with the company's shares.

SMI Culture Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Jan 09, 2015

SMI Culture Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Jan 09, 2015., at 15:00 China Standard Time. Location: Joint Professional Centre. Agenda: To approve the change of domicile and the matters contemplated thereby; to approve the cancellation of share premium account and the matters contemplated thereby; and to approve the capital reorganization and the matters contemplated thereby.

 

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Valuation 2366 Industry Range
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Price/Cash Flow NM Not Meaningful
TEV/Sales 2.1x
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