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gems tv holdings ltd (GTVHF) Snapshot

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gems tv holdings ltd (GTVHF) Details

Gems TV Holdings Limited does not have significant operations. Previously, it was engaged in the manufacture and trade of jewelry, gemstones, handicrafts, carved collectibles, valuable metals, and other related products in Asia and the Americas. Gems TV Holdings Limited was incorporated in 2001 and is based in George Town, Cayman Islands.

Founded in 2001

gems tv holdings ltd (GTVHF) Top Compensated Officers

Executive Chairman
Total Annual Compensation: --
Senior Vice President of Product Development
Total Annual Compensation: --
Chief Manufacturing Officer
Total Annual Compensation: --
Total Annual Compensation: --
Managing Director of Gems TV(USA) Limited
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

gems tv holdings ltd (GTVHF) Key Developments

Gems TV Holdings Limited Announces Board Changes, Effective from April 15, 2014

The Board of Directors of Gems TV Holdings Limited announced that Mr. Cho Form Po has been appointed as Secretary of the company with effect from April 15, 2014 in place of Mr. Lee Tiong Hock who had resigned as Secretary of the company on April 15, 2014.

Gems TV Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Gems TV Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported loss before taxation of $2,251,000 compared to $102,000 reported a year ago. Loss attributable to the shareholders was $2,251,000 or 0.22 cents per share compared to $102,000 or 0.01 cents per share reported a year ago. For the nine months, the company reported loss before taxation of $2,713,000 compared to profit before taxation of $33,000 reported a year ago. Loss attributable to the shareholders was $2,713,000 compared to profit of $33,000 reported a year ago. Cash generated used in operating activities was $630,000 compared to $230,000 reported a year ago. Net asset value per ordinary share on March 31, 2014 was 0.32 cents compared to 0.59 cents a year ago.

Gems TV Holdings Receives Delisting Notification From SGX-ST

The Gems TV Holdings Limited announced that shareholders that it had, on 28 February 2014, received from SGX-ST a notification of delisting as the Company had not met SGX-ST’s requirements in relation to the Further Extension. 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. In the Notification, the SGX-ST requested that the Company inform the SGX-ST of its exit offer proposal as soon as practicable and no later than one month from 28 February 2014. SGX-ST 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 securities will continue until 5 p.m. on 27 March 2014 and the trading will remain suspended from 28 March 2014 until completion of the exit offer. The Company will keep shareholders informed of any developments in this regard and will make such further announcements as and when appropriate.


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