UBA INVESTMENTS<0768> - Results Announcement
UBA Investments Limited announced on 17/8/2000:
(stock code: 768)
Year end date: 31/3/2000
Currency: HK$
(Audited)
Current
Period
from 8/6/1999
to 31/3/2000
Turnover
- Continuing : 29,594,909
- Discontinued : N/A
Operating Profit/(Loss)
- Continuing : 17,383,601
- Discontinued : N/A
Total Operating Profit/(Loss) : 17,383,601
Share of Profit/(Loss) of
Associated Companies : N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A
Profit/(Loss) after Tax & MI : 14,741,601
% Change over Last Period : N/A
EPS/(LPS)-Basic : 28 cents
-Diluted : N/A
Extraordinary (ETD) Gain/(Loss) : N/A
Profit/(Loss) after ETD Items : 14,741,601
Final Dividend per Share : NIL
(Specify if with other options) : -
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : 9 bonus shares for every 1
existing share, 1 bonus
warrant for 5 shares as
enlarged by the
proposed bonus issue
B/C Dates for Other Distribution : 26/9/2000 to 29/9/2000 bdi.
Remarks:
(1) Corporate reorganisation and basis of presentation
The Company was incorporated with limited liability as an exempted company
in the Cayman Islands on November 4, 1999 under the Companies Law (1998
Revision) of the Cayman Islands.
Super Idea International Limited ("Super Idea") was incorporated with
limited liability in the British Virgin Islands on June 8, 1999.
On December 22, 1999, the Company and Super Idea underwent a group
reorganisation to rationalise the group structure in preparation for the
listing of the Company's shares on The Stock Exchange of Hong Kong Limited
(the "Stock Exchange"), and the Company became the holding company of
Super Idea.
Details of the corporate reorganisation are set out in the section headed
"Statutory and General Information" in Appendix IV of the prospectus dated
January 4, 2000 issued by the Company.
The shares of the Company were listed on the Stock Exchange with effect
from January 18, 2000.
(2) Bonus issue of shares and warrants
The Proposed Bonus Share Issue will be made on the basis of nine bonus
shares for every one existing share held by the shareholders whose names
appear on the Register of Members on September 29, 2000. The bonus shares
will be credited as fully paid at par and will rank pari passu with the
existing shares in all respects.
The Proposed Bonus Warrant Issue will be made on the basis of one bonus
warrant for every five Shares as enlarged by the proposed bonus issue.
Each bonus warrant will entitle the holder to subscribe in cash for a new
share at an initial subscription price of HK$0.12 per share, subject to
adjustments, at any time from the date of issue to 30 June 2002 or such
earlier date as provided in the instrument constituting the warrants. The
shares to be issued on exercise of the Proposed Bonus Warrants will not
rank for the Proposed Bonus Share Issue.
(3) Further to the final results announcmenet released on the teletext on
17/8/2000, the Company subsequently notified the Exchange that due to typo
error made by the Company, the date for the shareholders whose name appear
on the Register of Members under Remark (2) should read as September 29,
2000 instead of September 26, 2000.
For more details, please refer to the press announcement today.
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