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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  PAX Global Technology Limited    327   BMG6955J1036

PAX GLOBAL TECHNOLOGY LIMITED

(327)
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PAX Global Technology : CLARIFICATION ANNOUNCEMENT CHANGE OF INTERIM DIVIDEND PAYMENT DATE AND CLOSURE OF REGISTER OF MEMBERS

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08/19/2020 | 10:27am 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.

PAX Global Technology Limited

百 富 環 球 科 技 有 限 公 司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 327)

CLARIFICATION ANNOUNCEMENT

CHANGE OF INTERIM DIVIDEND PAYMENT DATE AND

CLOSURE OF REGISTER OF MEMBERS

Reference is made to the interim results announcement of PAX Global Technology Limited (the "Company") for the six months ended 30 June 2020 dated 13 August 2020 (the "Interim Results Announcement"). Unless otherwise indicated, capitalised terms used in this announcement shall have the same meanings as those defined in the Interim Results Announcement.

The Board wishes to clarify that the interim dividend for the six months ended 30 June 2020 will be payable on 16 September 2020 (Wednesday) (instead of 10 September 2020 (Thursday) as previously stated in the Interim Results Announcement) to Shareholders whose names appear on the Register of Members at the close of business on 1 September 2020 (Tuesday) (instead of 27 August 2020 (Thursday) as previously stated in the Interim Results Announcement). For determining Shareholders' entitlement to the interim dividend, the Register of Members will be closed from 28 August 2020 (Friday) to 1 September 2020 (Tuesday) (instead of from 24 August 2020 (Monday) to 27 August 2020 (Thursday) as previously stated in the Interim Results Announcement), both days inclusive, during which period no transfer of shares will be registered.

In order to qualify for the interim dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on 27 August 2020 (Thursday).

  • For identification purpose only

1

In relation to the aforesaid, the Board also wishes to clarify that the paragraphs headed "INTERIM DIVIDEND" and "CLOSURE OF REGISTER OF MEMBERS" on page 20 of the interim report of the Company for the six months ended 30 June 2020 (the "Interim Report") published on 19 August 2020 should be replaced by the following paragraphs respectively:

"INTERIM DIVIDEND

The board of directors ("Directors") of the Company (the "Board") has resolved to declare an interim dividend of HK$0.07 per ordinary share for the six months ended 30 June 2020 (six months ended 30 June 2019: HK$0.04 per ordinary share) payable on 16 September 2020 (Wednesday) to shareholders of the Company ("Shareholders") whose names appear on the register of members of the Company (the "Register of Members") at the close of business on 1 September 2020 (Tuesday).

CLOSURE OF REGISTER OF MEMBERS

For determining the Shareholders' entitlement to interim dividend, the Register of Members will be closed from 28 August 2020 (Friday) to 1 September 2020 (Tuesday), both days inclusive, during which period no transfer of shares will be registered. In order to qualify for the interim dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on 27 August 2020 (Thursday)."

Save for the above clarification, all other information in the Interim Results Announcement and the Interim Report remains unchanged and the Board confirms that the above clarification does not affect other information contained in the Interim Results Announcement and the Interim Report.

By Order of the Board

PAX Global Technology Limited

Cheung Shi Yeung

Company Secretary

Hong Kong, 19 August 2020

As at the date of this announcement, the Board comprises three Executive Directors, namely Mr. Nie Guoming, Mr. Lu Jie and Mr. Li Wenjin and three Independent Non-Executive Directors, namely Mr. Yip Wai Ming, Dr. Wu Min and Mr. Man Kwok Kuen, Charles.

2

Disclaimer

PAX Global Technology Ltd. published this content on 19 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2020 14:26:08 UTC


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Financials
Sales 2020 5 174 M 668 M 668 M
Net income 2020 682 M 88,0 M 88,0 M
Net Debt 2020 - - -
P/E ratio 2020 7,73x
Yield 2020 3,13%
Capitalization 5 182 M 669 M 669 M
Capi. / Sales 2020 1,00x
Capi. / Sales 2021 0,89x
Nbr of Employees 1 641
Free-Float 64,9%
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Mean consensus BUY
Number of Analysts 2
Average target price 5,46 HKD
Last Close Price 4,79 HKD
Spread / Highest target 19,2%
Spread / Average Target 13,9%
Spread / Lowest Target 8,56%
EPS Revisions
Managers
NameTitle
Jie Lu Chief Executive Officer & Executive Director
Guo Ming Nie Chairman
Shi Yeung Cheung Chief Financial Officer & Joint-Secretary
Wen Jin Li Executive Director
Kwok Kuen Man Independent Non-Executive Director
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