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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  SIM Technology Group Ltd.    2000   BMG814741010

SIM TECHNOLOGY GROUP LTD. (2000)
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End-of-day quote. End-of-day quote  - 05/21
0.45 HKD   +2.27%
05/10SIM TECHNOLOGY : Completion of major transaction and date of board m..
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05/10SIM TECHNOLOGY : Announcement
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04/10SIM TECHNOLOGY : Announcement
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SIM Technology : Tech to sell wireless communication modules unit

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09/25/2017 | 03:09pm CEST

[ET Net News Agency, 25 September 2017] SIM Technology (02000) said it agreed to sell

the entire equity interest in Shanghai Simcom Wireless Solutions Limited for Rmb438

million.

SIM Technology also agreed to procure that certain patents owned by Shanghai Simcom and

Shanghai Sunrise and three trademarks owned by Shanghai Simcom shall be transferred to

Simcom Wireless before completion for Rmb90 million.

Simcom Wireless' principal business is the design and research and development of

wireless communication modules.

It is estimated that the Group will record an unaudited net gain before taxation of

about Rmb346 million from the transactions. SIM Technology intends to apply the net

proceeds of about Rmb479.7 million for the purchase of the land as to about 35% for the

Group's operations centre in Dongguan, the PRC and the construction of the operations

centre; about 20% for upgrading the production facilities of the Group in Shanghai and the

above operations centre and development of an automated intelligent 3D-warehouse; and

about 45% for the payment of a special interim dividend (subject to completion) and for

general working capital. (HL)

(c) 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Chart SIM TECHNOLOGY GROUP LTD.
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SIM Technology Group Ltd. Technical Analysis Chart | 2000 | BMG814741010 | 4-Traders
Technical analysis trends SIM TECHNOLOGY GROUP LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Managers
NameTitle
Jun Liu Group Chief Executive Officer & Executive Director
Cho Tung Wong Group President & Executive Director
Man Ying Yeung Chairman
Rong Rong Tang Executive Director & VP-Business Operations
Tat Wing Chan Chief Financial Officer & Executive Director
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