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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Peking University Resources (Holdings) Company Limited    618   BMG6982M1038

PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED

(618)
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Peking University Resources : INSIDE INFORMATION AND RESUMPTION OF TRADING

02/21/2020 | 07:12am 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.

Peking University Resources (Holdings) Company Limited

北大資源(控股)有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 00618)

INSIDE INFORMATION AND RESUMPTION OF TRADING

This announcement is made by Peking University Resources (Holdings) Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

Reference is made to the announcement of the Company dated 6 January 2020. The Company was recently informed that as Minmetals International Trust Co., Limited* (五礦國際信託有 限公司) has not initiated further legal proceedings to Xining City Intermediate People's Court of Qinghai Province, a civil order which released the pre-litigation attachment of relevant subsidiaries of the Company has been received from the court.

In addition, the Company was recently informed that a subsidiary of the Company has received relevant proceedings requiring the repayment of principal, interest and default penalty of a loan, amounting to approximately RMB1.1 billion (the "Case"). The Company actively responded by submitting Statement of Reconsideration* (覆議書) and Statement of Objection* (異議書) to the relevant court from procedural and substantive aspects. Currently, a civil order from the court has been received, which ruled that the Case shall be deemed as the applicant had withdrawn its application. The Company will pay continuous attention to the subsequent progress and fulfill the information disclosure obligations under the Listing Rules and the SFO in a timely manner.

At the request of the Company, trading in the shares of the Company was halted with effect from 9:00 a.m. on Tuesday, 21 January 2020 pending publication of this announcement. Application has been made to the Stock Exchange by the Company for resumption of trading in the shares of the Company with effect from 9:00 a.m. on Monday, 24 February 2020.

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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 21 February 2020

As at the date of this announcement, the board of directors of the Company comprises executive Directors of Mr. Cheung Shuen Lung (Chairman), Mr. Zeng Gang (President), Ms. Sun Min, Mr. Ma Jian Bin, Ms. Liao Hang and Mr. Zheng Fu Shuang, and the independent non-executive Directors of Mr. Li Fat Chung, Ms. Wong Lam Kit Yee and Mr. Chan Chung Kik, Lewis.

*  Unofficial English translation denotes for identification purpose only

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Disclaimer

Peking University Resources (Holdings) Co. Ltd. published this content on 21 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2020 12:11:01 UTC


© Publicnow 2020
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Financials
Sales 2019 24 132 M 3 729 M 3 729 M
Net income 2019 -2 422 M -374 M -374 M
Net Debt 2019 12 430 M 1 921 M 1 921 M
P/E ratio 2019 -0,54x
Yield 2019 -
Capitalization 571 M 73,7 M 88,2 M
EV / Sales 2018 0,49x
EV / Sales 2019 0,56x
Nbr of Employees 975
Free-Float 27,8%
Chart PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED
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Peking University Resources (Holdings) Company Limited Technical Analysis Chart | 618 | BMG6982M1038 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Gang Zeng President & Executive Director
Shuen Lung Cheung Executive Chairman
Fu Shuang Zheng Executive Director
Min Sun Executive Director
Hang Liao Executive Director
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