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HKG:1803

2 stories mentioning HKG:1803Updated 35d ago

Every FINWIRES story that references HKG:1803, newest first.

Asia

Beijing Sports and Entertainment Agrees to HK$20 Million Share Sale

Beijing Sports and Entertainment Industry Group (HKG:1803) agreed to sell shares representing nearly 17% of the business to an investor identified as Liu Hai, according to a Tuesday filing with the Hong Kong bourse.The firm will issue 281.6 million shares priced at HK$0.073 each for HK$20.6 million in gross proceeds.The shares represent 20% of the company's issued share capital and 16.67% as enlarged by the sale.Net proceeds of HK$20.5 million from the share sale will be used for the company's existing money lending business and to expand its presence overseas.

HKG:1803
Asia

Beijing Sports and Entertainment Industry's Chair, CEO Steps Down; New Chair Named

Beijing Sports and Entertainment Industry Group (HKG:1803) said Liu Xue Heng resigned as its chairman and CEO effective Friday due to personal health reasons, according to a same-day Hong Kong bourse filing.Liu has also been redesignated from an executive director to a non-executive director of the sports and entertainment company.The company, on the same day, named non-executive Director Hu Yebi as its new chairman.The firm is currently in the process of identifying a suitable candidate for the role of CEO.

HKG:1803

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