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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Neo-Neon Holdings Limited    1868   KYG642571015

NEO-NEON HOLDINGS LIMITED

(1868)
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Neo Neon : UPDATE ON DISCLOSEABLE TRANSACTION SECOND SUPPLEMENTAL OVERSEAS ASSET MANAGEMENT PLAN CONTRACT

01/03/2020 | 04:03am 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.

Neo-Neon Holdings Limited

同方友友控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1868)

UPDATE ON DISCLOSEABLE TRANSACTION

SECOND SUPPLEMENTAL OVERSEAS ASSET

MANAGEMENT PLAN CONTRACT

Reference is made to the announcements dated 29 October 2014 and 16 October 2017 (together, the "Announcements") in relation to the Contract entered into by and among Heshan Lide (as principal), China AMC (as asset manager) and CCBC (as asset custodian), pursuant to which Heshan Lide agreed to participate in the Plan operated by China AMC by depositing the Investment Amount of RMB105.5 million (equivalent to approximately HK$133.6 million) in a designated account maintained with CCBC. As mentioned in the announcement dated 16 October 2017, the parties agreed that the term of the Plan shall be automatically extended, subject to certain conditions, for another two years after the expiry of its initial term of three years. Capitalised terms used herein shall have the same meaning as ascribed to them in the Announcements unless the context otherwise requires.

The Board announces that, after arm's length negotiation, on 31 December 2019 (after trading hours), Heshan Lide entered into the second supplemental contract to the Contract (the "Second Supplemental Contract") with China AMC and CCBC to extend the term of the Plan to 31 December 2020. Save as the extension agreed under the Second Supplemental Contract and certain consequential amendments related to the change of company name of Heshan Lide (currently known as Guangdong Tongfang Technology Park Co. Ltd. * (廣東同方科技園有 限公司)), all other terms and conditions of the Contract and the Supplemental Contract shall remain unchanged.

By order of the Board

Neo-Neon Holdings Limited

Huang Yu

Chairman

  • for reference only

Hong Kong, 3 January 2020

As at the date of this announcement, the executive Directors of the Company are Mr. SEAH Han Leong and Mr. Daniel P. W. LI; the non-executive Directors are Mr. HUANG Yu (Chairman), Mr. WANG Liang Hai and Mr. LIU Wei Dong; the independent non-executive Directors are Mr. FAN, Ren Da Anthony, Mr. LIU Tian Min and Ms. LI Ming Qi.

Disclaimer

Neo-Neon Holdings Limited published this content on 03 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2020 09:02:11 UTC


© Publicnow 2020
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Financials
Sales 2019 841 M 130 M 130 M
Net income 2019 -22,9 M -3,53 M -3,53 M
Net Debt 2019 92,7 M 14,3 M 14,3 M
P/E ratio 2019 -54,0x
Yield 2019 -
Capitalization 858 M 132 M 132 M
EV / Sales 2018 1,94x
EV / Sales 2019 1,42x
Nbr of Employees 960
Free-Float 26,7%
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NameTitle
Zhi Gao Chairman, President & Chief Executive Officer
Tang Hao Chien Chief Operating Officer & Marketing Director
Kai Fu Chief Financial Officer & Chief Accountant
Yuh Wen Chen Assistant Vice President-Information Technology
Han Leong Seah Non-Executive Director
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