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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 ANNOUNCEMENT ON NOTIFICATION LETTER FROM PEKING FOUNDER IN RELATION TO THE COURT RULLING FOR ACCEPTING ITS REORGANISATION

02/19/2020 | 09:15am 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

ANNOUNCEMENT ON

NOTIFICATION LETTER FROM PEKING FOUNDER

IN RELATION TO THE COURT RULLING

FOR ACCEPTING ITS REORGANISATION

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 on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) 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 18 February 2020 in relation to the notification letter from Peking University Founder Group Company Limited ("Peking Founder"), a shareholder of the Company, on its potential reorganisation. On 19 February 2020, the Company received a notification letter from Peking Founder, regarding a civil order and decision letter received by Peking Founder from The First Intermediate People's Court of Beijing (the "Court"). Pursuant to the civil order and decision letter, the Court decided to accept the application made by Bank of Beijing Co., Ltd. for the initiation of reorganisation procedure against Peking Founder, and appointed Peking Founder liquidation team as the administrator of Peking Founder. The Peking Founder liquidation team consists of People's Bank, Ministry of Education, relevant financial regulatory institutions and relevant functional departments of Beijing, etc.

The Company is independent from Peking Founder in respect of business, personnel, assets, institutions and finance, and will endeavour to ensure the stability in its operation and management. The ongoing reorganisation procedure of Pecking Founder may have an impact on the shareholding structure of the Company. The Company will closely follow the developments of this incident and comply with relevant disclosure requirements under the Listing Rules and the SFO in a timely manner.

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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, 19 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.

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Disclaimer

Peking University Resources (Holdings) Co. Ltd. published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 14:14:00 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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