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Last €0.0020 EUR
Change Today 0.00 / 0.00%
Volume 0.0
41C On Other Exchanges
As of 4:00 PM 10/1/15 All times are local (Market data is delayed by at least 15 minutes).

china hongcheng hldgs ltd (41C) Snapshot

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07/29/15 - €0.01
52 Week Low
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china hongcheng hldgs ltd (41C) Details

China Hongcheng Holdings Limited, an investment holding company, manufactures and sells cotton home textiles products in the People’s Republic of China, the United States, Europe, and other countries. Its products include grey and dyed cotton fabrics, jacquard cotton fabrics, grey cotton yarns, and bed linen sets. The company principally offers its products to OEM customers. China Hongcheng Holdings Limited was founded in 1977 and is based in Zouping, the People’s Republic of China.

Founded in 1977

china hongcheng hldgs ltd (41C) Top Compensated Officers

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china hongcheng hldgs ltd (41C) Key Developments

China Hongcheng Holdings Limited Reports Group Earnings Results for the Year Ended June 30, 2015

China Hongcheng Holdings Limited reported group earnings results for the year ended June 30, 2015. For the year, the company incurred a net loss and total comprehensive loss of RMB 237,831,000 against RMB 77,543,000 a year ago.

China Hongcheng Holdings Receives Delisting Notice From SGX-ST

China Hongcheng Holdings Limited announced that the shareholders that the Company has received a notification from the SGX-ST on 2 September 2015 (“Notification”). In the Notification, the SGX-ST has informed the Company, that: (i) the SGX-ST will proceed to delist the Company pursuant to Listing Rule 1315; and (ii) the Company is to advise the SGX-ST of the exit offer proposal (“Proposal”) no later than one month from the date of Notification. Pursuant to Rule 1306 of the Listing Manual, the Company or its controlling shareholder(s) must comply with Rule 1309 of the Listing Manual which requires the Company or its controlling shareholder(s) to provide a reasonable exit offer to shareholders. The SGX-ST had also informed the Company that it will grant the Company an extension of time for the Company or its controlling shareholder(s) to make a reasonable exit offer to shareholders. Trading in the Company’s shares will continue until 5.05pm, 1 October 2015. Thereafter, trading will be suspended, and suspension shall remain until completion of the exit offer. The Company will continue to update shareholders on the status of the Proposal.

China Hongcheng Holdings Limited Announces Unaudited Group Financial Results for the Year Ended June 30, 2015

China Hongcheng Holdings Limited announced unaudited group financial results for the year ended June 30, 2015. For the year, loss before income tax was RMB 235,300,000 compared to RMB 77,509,000 for the same period prior year. Loss for the year attributable to the owners of the company was RMB 235,300,000 compared to RMB 77,543,000 for the same period prior year. Purchases of property, plant and equipment was RMB 100,000 compared to RMB 443,000 for the same period prior year. Diluted loss per ordinary share was 87.80 cents compared to 28.93 cents for the same period prior year. The company reported revenue of RMB 294,962,000 against RMB 383,930,000 a year ago. Net cash generated from operating activities was RMB 55,806,000 against RMB 30,954,000 a year ago. The decrease in net cash flow from operating activities was mainly due to the decrease in inventories compared with RMB 31.0 million in the fiscal year 2014.


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