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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Camsing International Holding Limited    2662   KYG1809X1016

CAMSING INTERNATIONAL HOLDING LIMITED

(2662)
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Camsing International : (I) DELAY IN PUBLICATION OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019; AND (II) CONTINUED SUSPENSION OF TRADING

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09/30/2019 | 06:48am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

  1. DELAY IN PUBLICATION OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019;

AND

(II) CONTINUED SUSPENSION OF TRADING

This announcement is made by Camsing International Holding Limited (the ''Company'', collectively with its subsidiaries, the ''Group'') pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the ''Listing Rules'') on The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ''SFO'').

References are made to the announcements of the Company dated 5 July 2019, 9 July 2019, 16 July 2019, 18 July 2019, 19 July 2019, 29 July 2019, 15 August 2019 and 4 September 2019 in relation to, among other things, (i) the criminal custody of Ms. Lo Ching (the chairman and an executive Director whose administrative and executive duties and powers have been suspended since 29 July 2019) (''Ms. Lo''); (ii) the resumption guidance set forth by the Stock Exchange (the ''Resumption Guidance''); and (iii) the update on suspension of trading of the Company's shares. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

DELAY IN PUBLICATION OF ANNUAL RESULTS

Pursuant to Rules 13.49(1) of the Listing Rules, the Company is required to publish a preliminary announcement in respect of its annual results for the year ended 30 June 2019 (the ''2019 Annual Results'') not later than three months after the end of the financial year (i.e. on or before 30 September 2019).

- 1 -

As disclosed in the announcement of the Company dated 18 July 2019, most of the accounting records of the Group was seized by the police in the PRC. As at the date of this announcement, the Group is still in the process of negotiating with the relevant authorities for releasing the accounting records to the Group and as a result, the Company is unable to finalise the 2019 Annual Results on or before 30 September 2019. Accordingly, the approval of the 2019 Annual Results and hence the publication of the same will be postponed.

The Company will use its best endeavor and will take all necessary steps to publish the 2019 Annual Results as soon as practicable.

Further announcement(s) will be made by the Company to provide updates to the shareholders on the publication of the 2019 Annual Results as and when appropriate.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in share on the Stock Exchange was halted with effect from 9:00 a.m. on 19 July 2019 and will remain suspended until further notice. Conditions of the resumption of trading have been set out in the announcement of the Company dated 15 August 2019.

Shareholders and prospective investors of the Company are advised to exercise caution when dealing in the Shares.

By Order of the Board of Directors

Camsing International Holding Limited

Liu Hui

Executive Director

Hong Kong, 30 September 2019

As at the date of this announcement, the Board comprises Ms. Lo Ching (duties suspended) and Ms. Liu Hui as the executive Directors and Mr. Lei Jun, Mr. Ross Yu Limjoco and Mr. Zheng Yilei as the independent non-executive Directors.

- 2 -

Disclaimer

Camsing International Holding Limited published this content on 30 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2019 10:47:06 UTC

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Financials
Sales 2018 2 920 M 377 M 377 M
Net income 2018 86,8 M 11,2 M 11,2 M
Net cash 2018 21,3 M 2,75 M 2,75 M
P/E ratio 2018 86,7x
Yield 2018 0,17%
Capitalization 1 249 M 161 M 161 M
EV / Sales 2017 2,10x
EV / Sales 2018 2,57x
Nbr of Employees 95
Free-Float 71,9%
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Managers
NameTitle
Jing Jie Chief Executive Officer
Ching Lo Chairman
Yi lei Zheng Independent Non-Executive Director
Hui Liu Executive Director
Ross Yu Limjoco Independent Non-Executive Director
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