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    3344   KYG416571001

GTI HOLDINGS LIMITED

(3344)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2021-09-30 am EDT
0.0170 HKD   -.--%
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GTI : INSIDE INFORMATION UPDATE ON WINDING UP PETITION

09/23/2020 | 12:20am EST

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.

GTI HOLDINGS LIMITED

共 享 集 團 有 限 公 司

(a company incorporated in the Cayman Islands with limited liability)

(Provisional Liquidators Appointed)

(For Restructuring Purposes)

(Stock Code: 3344)

INSIDE INFORMATION

UPDATE ON WINDING UP PETITION

This announcement is made by GTI Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 and Rule 13.25 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) 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 8 January 2020, 13 January 2020, 5 March 2020, 5 June 2020, 26 June 2020, 13 July 2020, 15 July 2020 and 18 August 2020 (the "Announcement(s)") in relation to, among other things, the winding up petitions filed against the Company. Unless otherwise stated, capitalised terms used herein shall have the same meaning as those defined in the announcement of the Company dated 5 June 2020.

The Company would like to provide update on the status of Petition 1 as follow:

As disclosed in the Announcement dated 15 July 2020, the hearing of the Petition 1 was adjourned to 23 September 2020 at 3:00 p.m.. The parties have jointly applied to the High Court of Hong Kong for adjourned of the hearing to a date no earlier than 18 November 2020, and the High Court has on 22 September 2020 instructed that the hearing on 23 September 2020 be vacated and be further adjourned to a date to be informed by the High Court.

1

Further announcement(s) will be made by the Company as and when appropriate in relation to any material development of the Petition 1.

Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the Company's shares or other securities of the Company.

By Order of the Board

GTI Holdings Limited

(Provisional Liquidators Appointed)

(For Restructuring Purposes)

Poon Sum

Chairman and Executive Director

Hong Kong, 23 September 2020

As at the date of this announcement, the Board comprises (i) Mr. Poon Sum (Chairman), Mr. Ng Kwok Hung Perry, Mr. Hao Xiangbin and Mr. Huang Bin as executive Directors; (ii) Mr. Sui Fuxiang as non-executive Director; and (iii) Mr. Chan Shu Kin, Dr. Tse Kwok Sang and Mr. Chiu Wai Piu as independent non-executive Directors.

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Addchance Holdings Limited published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 04:19:07 UTC


ę Publicnow 2020
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Financials ()
Sales 2019 704 M - -
Net income 2019 -586 M - -
Net Debt 2019 638 M - -
P/E ratio 2019 -1,12x
Yield 2019 -
Capitalization 107 M 13,8 M -
EV / Sales 2018 3,75x
EV / Sales 2019 1,85x
Nbr of Employees 2 977
Free-Float 50,8%
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Managers and Directors
Kan Tse Chief Executive Officer
Kin Lung Pang Chief Operating Officer
Shu Kin Chan Independent Non-Executive Director
Lim Tung Chung Independent Non-Executive Director
Ka Lun Ng Independent Non-Executive Director
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