Neo-Neon Holdings Limited 同方友友控股有限公司
Neo-Neon (1868) clarifies previous reports
Company announcement, 10-Mar-2020
This follows a complaint by Webb-site, that the reports referred to "various investing funds issued by Burwill [0024]" when in fact they were convertible bonds which were due to mature on 27-Sep-2019 and are in default. It now emerges that these were "sold" on the last day of 2019, although the buyer, a presumably worthless Samoa shell owned by a Mr Sun Jian, doesn't have to settle until the last day of 2020, so it could default. The sale agreement should have been announced when made, so that's a breach of the Listing Rules.
Company announcement, 10-Mar-2020
This follows a complaint by Webb-site, that the reports referred to "various investing funds issued by Burwill [0024]" when in fact they were convertible bonds which were due to mature on 27-Sep-2019 and are in default. It now emerges that these were "sold" on the last day of 2019, although the buyer, a presumably worthless Samoa shell owned by a Mr Sun Jian, doesn't have to settle until the last day of 2020, so it could default. The sale agreement should have been announced when made, so that's a breach of the Listing Rules.
Neo-Neon (1868): Listing Committee finds no breach of Rule 13.09(1)
Company announcement, 12-Aug-2014
The Listing Committee, unlike the Takeover Panel, holds disciplinary hearings in secret, so it is unusual that a company has announced the proceedings at the outset and conclusion. We urge the Stock Exchange to increase transparency by opening disciplinary hearings to the public. Meanwhile when any such proceedings involve an existing listed company or its directors, the fact of the proceedings should be regarded as price-sensitive and should therefore be disclosed by law.
Company announcement, 12-Aug-2014
The Listing Committee, unlike the Takeover Panel, holds disciplinary hearings in secret, so it is unusual that a company has announced the proceedings at the outset and conclusion. We urge the Stock Exchange to increase transparency by opening disciplinary hearings to the public. Meanwhile when any such proceedings involve an existing listed company or its directors, the fact of the proceedings should be regarded as price-sensitive and should therefore be disclosed by law.
SEHK commences disciplinary action against Neo-Neon (1868) on 2012 results shock
Company announcement, 12-Mar-2014
Company announcement, 12-Mar-2014
Neo-Neon (1868) board approves exercise of repurchase mandate, subject to board approval
Company announcement, 29-Aug-2012
The announcement looks like a desperate attempt to get some attention, as do the two following announcements about technology. This announcement says purchases will be made "at such time and price as determined by the Board" - in other words, they haven't decided when or how much to buy. The stock rose 83.5% in 1 day on this, on turnover equal to 11.6% of the company.
Company announcement, 29-Aug-2012
The announcement looks like a desperate attempt to get some attention, as do the two following announcements about technology. This announcement says purchases will be made "at such time and price as determined by the Board" - in other words, they haven't decided when or how much to buy. The stock rose 83.5% in 1 day on this, on turnover equal to 11.6% of the company.
Neo-Neon CEO's bogus degree
LED-lighting maker Neo-Neon (1868) appoints a new CEO with a bogus doctorate from a non-existent UK University. (14-Sep-2009)
LED-lighting maker Neo-Neon (1868) appoints a new CEO with a bogus doctorate from a non-existent UK University. (14-Sep-2009)
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