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SMI Holdings Group Ltd

0198.HK

Latest Trade

2.34HKD

Change

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Today's Range

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52 Week Range

2.16

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2.60

As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

SMI Culture & Travel Group Entered MoU Regarding Possible Acquisitions

Sept 11 (Reuters) - Smi Culture & Travel Group Holdings Ltd <2366.HK>::ENTERED INTO MOU REGARDING POSSIBLE ACQUISITIONS.PURSUANT TO MOU 1 TOTAL COST OF TARGET COMPANY 1 IS ESTIMATED TO BE ABOUT HK$3 BILLION.TARGET COMPANY 1 HOLDS EQUITY INTERESTS OF CINEMAS IN PRC OWNED BY POLY CULTURE GROUP CORP.CO INTENDS TO ACQUIRE TARGET CO 2 AND OTHER CINEMA OPERATING BUSINESS IN PRC FOR ESTIMATED PRICE OF ABOUT HK$10 BILLION.CO TO BUY TARGET CO 2 FROM SMI HOLDINGS GROUP.

SMI Holdings Clarifies On Television Broadcasts Announcement Regarding A Pledge By SMIIC

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.

SMI Holdings Group Updates On Petition Filed By Hongkong And Shanghai Banking Corp

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.

SMI Holdings Group Says Chow Kin Ming And Chui Sze Kai Cecil Appointed As Executive Directors

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.

Smi Holdings Group Enters MoU With Potential Investor Over Subscription Of Shares Of Us$200 Mln

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.

SMI Holdings Updates On Certain Recent Developments

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.

Smi Holdings Group Appoints William Wing-Yan Lo, JP As Executive Director And Chairman

Jan 18 (Reuters) - SMI Holdings Group Ltd <0198.HK>::WILLIAM WING-YAN LO, JP APPOINTED AS EXECUTIVE DIRECTOR AND CHAIRMAN.KENNETH JACK SHANG AND WAI YEE TAI APPOINTED AS EXECUTIVE DIRECTORS.

SMI Holdings Group Updates On Recent Development On Debt Restructuring

Dec 24 (Reuters) - SMI Holdings Group Ltd <0198.HK>::IS IN DISCUSSION WITH TELEVISION BROADCASTS LTD, AMONGST ITS LENDER AND CREDITORS FOR VARIOUS OPTIONS AS PART DEBT RESTRUCTURING.

SMI Holdings Group Says Currently Short Of Sufficient Working Capital To Support Business Operations

Dec 6 (Reuters) - SMI Holdings Group Ltd <0198.HK>::GROUP IS CURRENTLY SHORT OF SUFFICIENT WORKING CAPITAL TO SUPPORT ITS BUSINESS OPERATIONS.AS AT DEC 6, GROUP RECEIVED DEMAND LETTERS FROM LEGAL ADVISERS TO RELEVANT LENDERS FOR REPAYMENT OF HK$400 MILLION IN AGGREGATE.

SMI Holdings Group Says Wai Yee Tai Resigns As Chairman

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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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