Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  SIM Technology Group Ltd.    2000   BMG814741010

SIM TECHNOLOGY GROUP LTD. (2000)
My previous session
Most popular
  Report  
End-of-day quote. End-of-day quote  - 08/16
0.3 HKD   0.00%
08/10SIM TECHNOLOGY : Announcement
PU
07/10SIM TECHNOLOGY : Announcement
PU
06/29SIM TECHNOLOGY : Change of the chief financial officer, authorised r..
PU
SummaryChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

SIM Technology : Tech to sell wireless communication modules unit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/25/2017 | 03:09pm CEST

[ET Net News Agency, 25 September 2017] SIM Technology (02000) said it agreed to sell

the entire equity interest in Shanghai Simcom Wireless Solutions Limited for Rmb438

million.

SIM Technology also agreed to procure that certain patents owned by Shanghai Simcom and

Shanghai Sunrise and three trademarks owned by Shanghai Simcom shall be transferred to

Simcom Wireless before completion for Rmb90 million.

Simcom Wireless' principal business is the design and research and development of

wireless communication modules.

It is estimated that the Group will record an unaudited net gain before taxation of

about Rmb346 million from the transactions. SIM Technology intends to apply the net

proceeds of about Rmb479.7 million for the purchase of the land as to about 35% for the

Group's operations centre in Dongguan, the PRC and the construction of the operations

centre; about 20% for upgrading the production facilities of the Group in Shanghai and the

above operations centre and development of an automated intelligent 3D-warehouse; and

about 45% for the payment of a special interim dividend (subject to completion) and for

general working capital. (HL)

(c) 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIM TECHNOLOGY GROUP LTD.
08/11SIM TECHNOLOGY : Tech core business revenue down 24% in July
AQ
08/10SIM TECHNOLOGY : Announcement
PU
07/10SIM TECHNOLOGY : Announcement
PU
06/29SIM TECHNOLOGY : Change of the chief financial officer, authorised representativ..
PU
06/07SIM TECHNOLOGY : Poll results of the annual general meeting held on 7 june 2018
PU
05/23SIM TECHNOLOGY : Declaration of special dividend and closure of register of memb..
PU
05/10SIM TECHNOLOGY : Completion of major transaction and date of board meeting to ap..
PU
05/10SIM TECHNOLOGY : Announcement
PU
04/10SIM TECHNOLOGY : Announcement
PU
02/13SIM TECHNOLOGY : Poll results of the special general meeting held on 13 february..
PU
More news
News from SeekingAlpha
03/26Sim Technology Group Ltd. 2017 Q4 - Results - Earnings Call Slides 
Chart SIM TECHNOLOGY GROUP LTD.
Duration : Period :
SIM Technology Group Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIM TECHNOLOGY GROUP LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Managers
NameTitle
Jun Liu Group Chief Executive Officer & Executive Director
Cho Tung Wong Group President & Executive Director
Man Ying Yeung Chairman
Rong Rong Tang Executive Director & VP-Business Operations
Yin Chan Chi Chief Financial Officer & Secretary
Sector and Competitors
1st jan.Capitalization (M$)
SIM TECHNOLOGY GROUP LTD.-25.00%96
APPLE26.05%1 013 077
NOKIA OYJ17.05%28 853
MEITU INC--.--%3 089
INTOPS CO LTD--.--%136
DORO AB-1.60%111