Public company info - Pyxis Group Ltd. , 00516.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Pyxis Group Ltd., 00516.HK - Company Profile
Chairman Henry Hung CHEN
Share Issued (share) 2,400,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Investments & Assets Management
Corporate Profile Business Summary: The Group was engaged in investment holding and the provision of marketing services. Performance for the year: The loss for the year attributable to owners of the Company of HK$21,826,000 (2013: HK$15,210,000) . Business Review: Following the disposal of the Group’s unprofitable businesses previously, the Group has been actively exploring and seeking suitable investment opportunities (including the free standing insert coupon business, and also solar farm, micro financing, estate broker, advertising, e-coupon, employee benefits management, etc.) As the economic environment has been difficult, no investment deal has been concluded so far. Because of the challenging environment the Group is facing, trading in the shares of the Company has been suspended since 5 July 2010. The Company has been actively seeking suitable investment opportunities in order to formulate a viable resumption proposal that could demonstrate sufficiency of operations or assets and resolve the cash company issue under Rules 13.24 and 14.82 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (“Main Board Listing Rules”). The Company has been working at its best efforts to have its shares trading resumed, but it is still facing great challenges. As mentioned in the Company’s 2013 Interim Report dated 26 November 2013, and subsequent announcements of the Company dated 15 January 2014, 23 January 2014, 4 February 2014, 31 March 2014, 2 May 2014, 8 May 2014 and 12 May 2014, the Company submitted a new listing application to the Stock Exchange of Hong Kong Limited (“Stock Exchange”) on 31 March 2014 for lifting the suspension of trading in its shares. However, by a letter dated 2 May 2014, the Listing Division of the Stock Exchange informed the Company of the Listing Committee’s decision that after having considered the Company’s resumption proposal in its new listing application, the Listing Committee considered that the Company was unable to meet the new listing requirements and the resumption proposal was therefore not viable and that the Listing Committee had decided to cancel the Company’s listing under the Main Board Listing Rules (“Listing Committee Decision”). The Company then submitted a request on 8 May 2014 to the Listing (Review) Committee of the Stock Exchange for a review of the Listing Committee Decision. By a letter from the Listing (Review) Committee dated 12 May 2014, the Company was informed that, among other things, the review hearing regarding the Listing Committee Decision by the Listing (Review) Committee had been scheduled to be held on 15 July 2014. Prospects: Notwithstanding the current difficulties, the Board still believes that, the Company should be making prudent management and investment decisions in order to protect shareholders’ value. It is the intention of the Board to continue such cautious approach in applying the Group’s managerial and financial resources in implementing any of the Group’s future proposed investment projects.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2026Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.