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Last $13.50 HKD
Change Today -0.14 / -1.03%
Volume 149.5K
2488 On Other Exchanges
Symbol
Exchange
Berlin
Hong Kong
OTC US
As of 4:01 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

launch tech company ltd-h (2488) Snapshot

Open
$13.50
Previous Close
$13.64
Day High
$13.98
Day Low
$13.36
52 Week High
06/2/15 - $33.80
52 Week Low
08/11/14 - $4.86
Market Cap
4.1B
Average Volume 10 Days
742.4K
EPS TTM
--
Shares Outstanding
136.8M
EX-Date
03/22/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LAUNCH TECH COMPANY LTD-H (2488)

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launch tech company ltd-h (2488) Details

Launch Tech Company Limited provides products and services to the automotive aftermarket and the automobile industry in the People's Republic of China, Europe, the United States, and internationally. The company operates through three segments: Automotive Diagnosis, Lift, and Overseas Sales. The company is involved in the development, manufacture, and sale of auto diagnosis, auto testing, and auto cleaning equipment and service solutions for workshops. Its product portfolio includes golo, scan tools, lifts, wheel aligners, auto transmission fluid changers, injector cleaners, and battery system chargers. The company was founded in 1992 and is headquartered in Shenzhen, the People’s Republic of China.

Founded in 1992

launch tech company ltd-h (2488) Top Compensated Officers

Co-Founder, Chief Executive Officer, Complian...
Total Annual Compensation: CNY456.0K
Founder, Chairman and Member of Nomination Co...
Total Annual Compensation: CNY494.1K
Head of Domestic Marketing Centre and Executi...
Total Annual Compensation: CNY300.0K
Chief Technology Officer
Total Annual Compensation: CNY420.6K
Chief Information Officer and Executive Direc...
Total Annual Compensation: CNY519.4K
Compensation as of Fiscal Year 2013.

launch tech company ltd-h (2488) Key Developments

Launch Tech Company Ltd. Proposes Amendment to the Articles of Association

Launch Tech Company Ltd. will consider and approve the amendment to Article 18 (1) of the articles of association to reflect the new shareholding structure after changes in domestic shareholdings, at the special general meeting to be held on August 13, 2015.

Launch Tech Company Ltd. Announces Board Changes

The Board of Launch Tech Company Ltd. announced that Dr. Zou Shulin resigned pursuant to the company's articles of association. Since Mr. Zou plans to leave the country for a period of time, and due to his other business engagements which requires more of his dedication, he ceased to be a Director at the conclusion of the AGM held on June 15, 2015. Following his resignation, Dr. Zou also ceased to be a member of the audit committee, a member of remuneration and assessment committee and chairman of nomination committee of the company. Mr. Ning Bo has been appointed as an independent non-executive Director, a member of the audit committee, a member of remuneration and assessment committee and chairman of nomination committee of the Company with effect from June 15, 2015 immediately after the conclusion of the AGM. Mr. Ning Bo from 2009 to 2014, worked in Shenzhen Shanghai Pudong Development Bank as the deputy general manager of the first business department and vice president of Xinzhou branch. Since 2014, Mr. Ning has been the general manager of Shenzhen Zhongzheng Hengshi Investment Co. Ltd. Upon the appointment as an independent non-executive Director, Mr. Ning will hold office for a term of three years from the date of the AGM until the date of the annual general meeting of the company for the year of 2018.

Launch Tech Company Ltd., Annual General Meeting, Jun 15, 2015

Launch Tech Company Ltd., Annual General Meeting, Jun 15, 2015., at 11:00 China Standard Time. Location: at the conference room, 9th Floor, Office Block, Launch Industrial Park. Agenda: To consider and approve the Directors' report for the year ended December 31, 2014; to consider and approve the Supervisory Committee's report for the year ended December 31, 2014; to consider and approve the audited financial statements and the report of the auditors of the company for the year ended December 31, 2014; and to consider and re-appoint Da Hua Certified Public Accountants as the independent auditor of the Company and to authorize the board of Directors to fix their remuneration; to consider and approve the special resolutions to repurchase the issued H shares on the Stock Exchange during the Relevant Period; and to consider and appoint Mr. Ning Bo as an independent non-executive Director of the Company.

 

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Valuation 2488 Industry Range
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Price/Sales 4.5x
Price/Book 5.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.1x
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