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SMI Holdings Group Ltd (0198.HK)

0198.HK on Hong Kong Stock

2.34HKD
30 Aug 2018
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Latest Key Developments (Source: Significant Developments)

SMI Holdings Clarifies On Television Broadcasts Announcement Regarding A Pledge By SMIIC
Friday, 24 May 2019 

May 24 (Reuters) - SMI Holdings Group Ltd <0198.HK>::ACCORDING TO TELEVISION BROADCASTS ANNOUNCEMENT, PLEDGE BY SMIIC OF STAKE IN CHENGDU RUNYUN MAY CONSTITUTE A BREACH OF SHARE CHARGE.SMI INTERNATIONAL CINEMAS PLEDGE WAS NOT BREACH OF CONTRACTUAL RESTRICTIONS AGAINST FURTHER PLEDGE OF STAKE IN CHENGDU RUNYUN.  Full Article

SMI Holdings Group Updates On Petition Filed By Hongkong And Shanghai Banking Corp
Monday, 15 Apr 2019 

April 15 (Reuters) - SMI Holdings Group Ltd <0198.HK>::ON 11 APRIL COMPANY RECEIVED A PETITION FILED BY HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED AGAINST COMPANY.PETITION WAS FILED FOR FAILURE TO SETTLE OVERDRAFT PROVIDED BY PETITIONER TO CO FOR HK$12.6 MILLION AND OUTSTANDING OVERDRAFT INTEREST.  Full Article

SMI Holdings Group Says Chow Kin Ming And Chui Sze Kai Cecil Appointed As Executive Directors
Wednesday, 3 Apr 2019 

April 3 (Reuters) - SMI Holdings Group Ltd <0198.HK>::CHOW KIN MING AND CHUI SZE KAI CECIL ARE APPOINTED AS EXECUTIVE DIRECTORS.LO WING YAN WILLIAM HAS RESIGNED AS EXECUTIVE DIRECTOR AND CHAIRMAN.  Full Article

Smi Holdings Group Enters MoU With Potential Investor Over Subscription Of Shares Of Us$200 Mln
Tuesday, 12 Mar 2019 

March 12 (Reuters) - SMI Holdings Group Ltd <0198.HK>::ENTERED MOU WITH POTENTIAL INVESTOR OVER SUBSCRIPTION OF SHARES OF US$200 MILLION AT NOT LESS THAN HK$1.80 PER SHARE.GROUP WILL CONTINUE TO NEGOTIATE WITH OTHER PARTIES PROACTIVELY FOR DEBT RESTRUCTURING OF GROUP.AGREED LETTERS OF INTENT WITH CREDITORS IN RELATION TO CONVERSION OF OUTSTANDING DEBT OF HK$2,435 MILLION INTO SHARES.AGREED WITH SOME CREDITORS & SHAREHOLDERS OF A UNIT LETTERS OF INTENT WITH EXISTING SHAREHOLDERS ON INVESTMENT IN CO IN AMOUNT OF RMB1,950 MILLION.IS OF VIEW THAT OVERALL DEBT RESTRUCTURING PROPOSAL OF GROUP IF MATERIALISED, COULD REDUCE DEBT OF GROUP, ENABLE IT TO RETURN TO NORMAL OPERATION.  Full Article

SMI Holdings Updates On Certain Recent Developments
Thursday, 7 Mar 2019 

March 7 (Reuters) - SMI Holdings Group Ltd <0198.HK>::UPDATES ON DEVELOPMENTS.BASED ON PRELIMINARY FINDINGS AS AT 28 FEB 2019, SHAREHOLDINGS IN ABOUT 60 OUT OF 300 UNIT OF CO IN PRC TRANSFERRED OUT OF GROUP.EXECUTIVE DIRECTORS INFORMED THAT SHARE TRANSFER WAS IN PRACTICE TO SERVE AS SECURITY FOR CERTAIN ADDITIONAL FINANCING PROVIDED TO GROUP.CO & ITS UNIT DEFAULTED ON CERTAIN LOAN AGREEMENTS.ENGAGED PRC LEGAL ADVISERS TO CONDUCT INDEPENDENT SEARCHES TO ASCERTAIN SHAREHOLDING OF UNITS IN PRC AND IS SEEKING LEGAL ADVICE IN THIS REGARD.NO AGREEMENT OR MATERIAL TERMS IN RELATION TO DEBT RESTRUCTURING PROPOSAL ENTERED INTO OR AGREED BETWEEN GROUP AND TVB.  Full Article

SMI Holdings Group Says Wai Yee Tai Resigns As Chairman
Friday, 14 Sep 2018 

Sept 14 (Reuters) - SMI Holdings Group Ltd <0198.HK>::WAI YEE TAI RESIGNED AS EXECUTIVE DIRECTOR AND CHAIRMAN.CHENG CHI CHUNG, REN XIAONAN, & KONG DALU RESIGNED AS EXECUTIVE DIRECTORS.  Full Article

SMI Holdings Group Updates On Share Repurchase
Monday, 13 Aug 2018 

Aug 13 (Reuters) - SMI Holdings Group Ltd <0198.HK>::CO REPURCHASED AGGREGATE OF 9.1 MILLION ORDINARY SHARES OF CO BETWEEN 5 JUNE AND 3 AUGUST FOR HK$22.3 MILLION.  Full Article

Shanghai SMI Holding says change of chairman, president and CFO
Monday, 2 Jul 2018 

July 2(Reuters) - Shanghai SMI Holding Co Ltd <600649.SS>:Says it elects Dai Guangming as chairman.Says it names Chen Xiaobo as president and Wu Chun as CFO.  Full Article

SMI Holdings Says Intends To Buy Certain Stake In Ally Fortune Investments From Master Glory
Thursday, 31 May 2018 

May 31 (Reuters) - SMI Holdings Group Ltd <0198.HK>::INTENDS TO ACQUIRE CERTAIN STAKE IN ALLY FORTUNE INVESTMENTS FROM MASTER GLORY GROUP.  Full Article

SMI Holdings Group Says Yang Rongbing Retires As CEO
Thursday, 31 May 2018 

May 31 (Reuters) - SMI Holdings Group Ltd <0198.HK>::YANG RONGBING RETIRES AS EXECUTIVE DIRECTOR AND CEO.  Full Article