Public company info - Han Tang International Holdings Ltd. , 01187.HK
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Han Tang International Holdings Ltd., 01187.HK - Company Profile
Chairman -
Share Issued (share) 158,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Automobiles & Components
Corporate Profile Business Summary: The Group is principally involved in (i) manufacturing of semiconductors; and (ii) the trading of semiconductors/electronic products/components. Performance for the year: There was no turnover in the Current Year, compared with approximately HK$28.8 million for the year ended 31 December 2015 (the “Corresponding Year”) which is attributable by trading business. The Group recorded a loss attributable to the owners of the Company amounting to approximately HK$76.3 million, representing a decrease of approximately 38.9% as compared with approximately HK$124.9 million in the Corresponding Year. Basic loss attributable to the owners of the Company per share amounted to HK48.2 cents as compared with basic loss of HK79.0 cents per share in the Corresponding Year. Business Summary: There was no turnover in the year ended 31 December 2016 (the “Current Year”). The results of Han Tang International Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”) for the Current Year are set out in the consolidated statement of profit or loss and other comprehensive income. The Group’s strategies are to maintain the Group’s sustainable development and maximise shareholders’ interest. During the Current Year, the board (the “Board”) of directors (the “Directors”) of the Company has actively seeked and identified potential acquisition targets. On 22 November 2016, the Company and Mr. Teng Daochun (“Mr. Teng”) entered into a binding agreement for the acquisition by the Company from Mr. Teng of his interest in a power and heat supply business in the People’s Republic of China (the “PRC”) with emphasis on energy saving and environmental protection (the “Acquisition”). The Company submitted the resumption proposal (the “Proposal”) to The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) which involves, among others, (i) the Acquisition; and (ii) a proposed disposal of the Group’s entire interest in IC Spectrum (Kunshan) Co., Limited, an indirect 72.79%-owned subsidiary of the Company (“ICSC”). The Acquisition constitutes a connected transaction, a very substantial acquisition and a reverse takeover of the Company under the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”) and will be subject to the reporting, announcement and independent shareholders’ approval requirements pursuant to the Listing Rules and approval of the new listing application of the Company by the Stock Exchange. Prospects: On 17 February 2017, the Company received a letter from the Stock Exchange, which stated that the Stock Exchange agreed to allow the Company to submit a new listing application relating to the Proposal on or before 30 April 2017. If the Company fails to do so or the Proposal fails to proceed for any reason, the Stock Exchange will proceed with the cancellation of the Company’s listing status. The Company is in the process of preparing the submission of new listing application relating to the Proposal. For details, please refer to the Company’s announcement dated 28 February 2017.

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