Duyuru • Apr 24
IBO Technology Company Limited Announces Resignation of Luk Hong Man, Hammond as an Independent Non-Executive Director and A Member of Each of the Audit Committee and the Remuneration Committee The board of directors of IBO Technology Company Limited announced that Mr. Luk Hong Man, Hammond has resigned as an independent non-executive Director and a member of each of the audit committee and the remuneration committee of the Company with effect from April 24, 2024, due to his personal and other business commitments. Recent Insider Transactions • Feb 09
Co-Chief Executive Officer recently sold HK$398k worth of stock On the 6th of February, Zhi Zhong sold around 4m shares on-market at roughly HK$0.10 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$2.5m. This was Zhi's only on-market trade for the last 12 months. New Risk • Jan 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.88m). Minor Risks Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Significant insider selling over the past 3 months (HK$7.1m sold). Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Hammond Luk was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Dec 02
First half 2024 earnings released: CN¥0.20 loss per share (vs CN¥0.012 profit in 1H 2023) First half 2024 results: CN¥0.20 loss per share (down from CN¥0.012 profit in 1H 2023). Revenue: CN¥199.0m (down 46% from 1H 2023). Net loss: CN¥135.4m (down CN¥142.8m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 8 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 19
Executive Chairman recently sold HK$251k worth of stock On the 16th of November, Tse Ming Lai sold around 2m shares on-market at roughly HK$0.15 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$763k. Tse Ming has been a net seller over the last 12 months, reducing personal holdings by HK$15m. Duyuru • Nov 19
IBO Technology Company Limited Announces Board and Committee Changes The board of directors of IBO Technology Company Limited announced that Mr. Gao Weilong (‘Mr. Gao’) has resigned as an executive Director with effect from 17 November 2023 due to personal reason. Mr. Gao has confirmed that there is no disagreement with the Board and he is not aware of any matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his resignation. The Board announced that Mr. Li Yang (‘Mr. Li’), the executive Director, has been appointed as a member of the remuneration committee of the Company (‘Remuneration Committee’) with effect from 17 November 2023. Duyuru • Nov 17
IBO Technology Company Limited to Report First Half, 2024 Results on Nov 30, 2023 IBO Technology Company Limited announced that they will report first half, 2024 results on Nov 30, 2023 Recent Insider Transactions • Oct 31
Executive Chairman recently sold HK$165k worth of stock On the 27th of October, Tse Ming Lai sold around 1m shares on-market at roughly HK$0.16 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$4.0m. Tse Ming has been a net seller over the last 12 months, reducing personal holdings by HK$14m. Recent Insider Transactions • Oct 22
Executive Chairman recently sold HK$117k worth of stock On the 18th of October, Tse Ming Lai sold around 742k shares on-market at roughly HK$0.16 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$4.0m. Tse Ming has been a net seller over the last 12 months, reducing personal holdings by HK$14m. Duyuru • Oct 19
Ibo Technology Company Limited Provides Update in Relation to the Petition References are made to the announcements of IBO Technology Company Limited dated 27 July 2023, 31 August 2023, 19 September 2023 and 27 September 2023 in relation to the Petition filed by the Petitioner (the ‘Petition Announcement(s)’). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Petition Announcements. (i) Adjournment of the hearing date of the Petition: As disclosed in the Petition Announcement dated 27 September 2023, the Petition would be heard on 18 October 2023. The Company wishes to update the Shareholders and potential investors that at the hearing held on 18 October 2023, hearing of the Petition has been adjourned to a later date at 1 November 2023 at 11:00 am. (ii) Progress in applying for a validation order: As stated in the Petition Announcement dated 31 August 2023 and 27 September 2023, the Company has instructed its legal team to apply for a validation order from the High Court. The Company wishes to advise that the application will be heard on 3 November 2023. Recent Insider Transactions • Oct 11
Executive Chairman recently sold HK$195k worth of stock On the 6th of October, Tse Ming Lai sold around 1m shares on-market at roughly HK$0.16 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$4.0m. Tse Ming has been a net seller over the last 12 months, reducing personal holdings by HK$14m. Duyuru • Aug 10
IBO Technology Company Limited Announces Appointment of Mr. Zhang Yaoliang as Executive Director IBO Technology Company Limited announced that Mr. Zhang Yaoliang has been appointed as an executive Director of the Company with effect from 9 August 2023. Mr. Zhang, aged 40, graduated from Changchun Taxation College with a bachelor's degree in finance in July 2005. Mr. Zhang is currently and has been the vice president and general manager of the finance and investment and financing department of Shenzhen BGI Marine Sci & Tech Co. Ltd. since November 2017. From July 2005 to August 2007, Mr. Zhang served as the tax specialist of Great Wall International System Technology (Shenzhen) Company Limited. From September 2007 to September 2008, Mr. Zhang served as a senior tax consultant of Shenzhen BDO Dahua Tax Ltd. From March 2009 to March 2011, Mr. Zhang served as the tax supervisor of Bo'er Yatai (Shenzhen) Metal Rongqi Company Limited. From April 2011 to July 2015, Mr. Zhang served as the finance manager of the headquarters of BGI Genomics and the assistant to the group chief financial officer. From August 2015 to October 2017, Mr. Zhang served as the chief financial officer of BGI Genomics Agriculture Co. Ltd. Mr. Zhang has engaged in financial taxation field for 18 years, from basic financial taxationto comprehensive financial taxation, investment and financing management, from financial position to corporate operation and management, and has accumulated extensive experience in financial accounting, financial analysis, corporate risk control and capital operation. Recent Insider Transactions • Aug 10
Executive Chairman recently sold HK$4.0m worth of stock On the 3rd of August, Tse Ming Lai sold around 7m shares on-market at roughly HK$0.55 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Tse Ming's only on-market trade for the last 12 months. Duyuru • Jul 12
IBO Technology Company Limited Announces Board and Committee Changes The board of directors of IBO Technology Company Limited announced that Dr. Wong Kwok Yan has resigned as an independent non-executive Director, the chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company with effect from 11 July 2023 as he would like to spend more time pursuing his business development. The Board announced that Mr. Jin Zi, the independent non- executive Director, has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 11 July 2023. Reported Earnings • Jul 03
Full year 2023 earnings released: CN¥0.38 loss per share (vs CN¥0.027 profit in FY 2022) Full year 2023 results: CN¥0.38 loss per share (down from CN¥0.027 profit in FY 2022). Revenue: CN¥907.3m (down 13% from FY 2022). Net loss: CN¥243.6m (down CN¥258.2m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Duyuru • Jul 01
IBO Technology Company Limited, Annual General Meeting, Sep 20, 2023 IBO Technology Company Limited, Annual General Meeting, Sep 20, 2023. New Risk • Jun 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (HK$672.3m market cap, or US$85.9m). New Risk • Jun 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (HK$728.3m market cap, or US$93.1m). New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$763.3m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (HK$763.3m market cap, or US$97.6m). Duyuru • Jun 16
IBO Technology Company Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 IBO Technology Company Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.21, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 37% over the past three years. Duyuru • May 30
IBO Technology Company Limited announced that it expects to receive CNY 36.0356 million in funding IBO Technology Company Limited entered into the Investment and Acquisition Agreement for the gross proceeds of CNY 36,035,600 on May 29, 2023. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.69, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$1.36, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 47% over the past three years. Recent Insider Transactions • Feb 07
Insider recently sold HK$1.9m worth of stock On the 1st of February, Yu Sai Lo sold around 1m shares on-market at roughly HK$1.70 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$5.7m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$1.82, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 28% over the past three years. Recent Insider Transactions • Jan 05
Key Executive recently sold HK$442k worth of stock On the 30th of December, Kin Keung Yu sold around 296k shares on-market at roughly HK$1.49 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$1.6m. Kin Keung has been a net seller over the last 12 months, reducing personal holdings by HK$2.9m. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 23% share price decline to HK$1.20, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$1.54, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 42% over the past three years. Recent Insider Transactions • Dec 07
Key Executive recently sold HK$1.6m worth of stock On the 1st of December, Kin Keung Yu sold around 872k shares on-market at roughly HK$1.87 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kin Keung has been a net seller over the last 12 months, reducing personal holdings by HK$2.2m. Reported Earnings • Dec 01
First half 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.008 in 1H 2022) First half 2023 results: EPS: CN¥0.012 (up from CN¥0.008 in 1H 2022). Revenue: CN¥366.2m (up 38% from 1H 2022). Net income: CN¥7.39m (up 69% from 1H 2022). Profit margin: 2.0% (up from 1.6% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Nov 17
IBO Technology Company Limited to Report First Half, 2023 Results on Nov 30, 2022 IBO Technology Company Limited announced that they will report first half, 2023 results on Nov 30, 2022 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ping Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improved over the past week After last week's 23% share price gain to HK$1.96, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 25% share price gain to HK$1.61, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.39, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$1.65, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 3.1% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$1.91, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 21% over the past three years. Reported Earnings • Aug 02
Full year 2022 earnings released: EPS: CN¥0.027 (vs CN¥0.098 loss in FY 2021) Full year 2022 results: EPS: CN¥0.027 (up from CN¥0.098 loss in FY 2021). Revenue: CN¥1.05b (up 87% from FY 2021). Net income: CN¥14.7m (up CN¥56.8m from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥1.05b (up 87% from FY 2021). Net income: CN¥14.7m (up CN¥56.8m from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). Duyuru • Jul 01
IBO Technology Company Limited, Annual General Meeting, Sep 20, 2022 IBO Technology Company Limited, Annual General Meeting, Sep 20, 2022. Duyuru • Jun 16
IBO Technology Company Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 IBO Technology Company Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ping Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Feb 17
Executive Chairman exercised options to buy HK$49m worth of stock. On the 15th of February, Tse Ming Lai exercised options to buy 15m shares at a strike price of around HK$1.60, costing a total of HK$24m. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. Since March 2021, Tse Ming has owned 217.32m shares directly. Company insiders have collectively bought HK$25m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Dec 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: CN¥0.008 (up from CN¥0.037 loss in 1H 2021). Revenue: CN¥266.3m (up 40% from 1H 2021). Net income: CN¥4.37m (up CN¥19.8m from 1H 2021). Profit margin: 1.6% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Oct 21
Key Executive recently sold HK$2.8m worth of stock On the 19th of October, Kin Keung Yu sold around 956k shares on-market at roughly HK$2.88 per share. This was the largest sale by an insider in the last 3 months. Kin Keung has been a seller over the last 12 months, reducing personal holdings by HK$5.1m. Recent Insider Transactions • Aug 28
Key Executive recently sold HK$340k worth of stock On the 25th of August, Kin Keung Yu sold around 110k shares on-market at roughly HK$3.09 per share. In the last 3 months, they made an even bigger sale worth HK$515k. Kin Keung has been a seller over the last 12 months, reducing personal holdings by HK$1.5m. Recent Insider Transactions • Jul 08
Key Executive recently sold HK$515k worth of stock On the 2nd of July, Kin Keung Yu sold around 142k shares on-market at roughly HK$3.62 per share. This was the largest sale by an insider in the last 3 months. Kin Keung has been a seller over the last 12 months, reducing personal holdings by HK$661k. Reported Earnings • Jul 03
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: CN¥560.3m (up 15% from FY 2020). Net loss: CN¥42.1m (loss narrowed 21% from FY 2020). Recent Insider Transactions Derivative • Jun 23
Key Executive exercised options to buy HK$15m worth of stock. On the 21st of June, Kin Keung Yu exercised options to buy 4m shares at a strike price of around HK$1.61, costing a total of HK$6.4m. As of today, Kin Keung currently holds no shares directly. Company insiders have collectively sold HK$164m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • May 14
IBO Technology Company Limited has completed a Follow-on Equity Offering in the amount of HKD 77.49 million. IBO Technology Company Limited has completed a Follow-on Equity Offering in the amount of HKD 77.49 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,000,000
Price\Range: HKD 3.69
Transaction Features: Subsequent Direct Listing Executive Departure • Mar 24
Executive Director has left the company On the 23rd of March, Huiheng Lyu's tenure as Executive Director ended after 3.9 years in the role. We don't have any record of a personal shareholding under Huiheng's name. A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Feb 12
Chairman recently sold HK$170m worth of stock On the 8th of February, Tse Ming Lai sold around 56m shares on-market at roughly HK$3.05 per share. This was the largest sale by an insider in the last 3 months. This was Tse Ming's only on-market trade for the last 12 months. Duyuru • Feb 11
IBO Technology Company Limited Announces Resignation of Sun Qing as Non-Executive Director The board of directors of IBO Technology Company Limited announced that Ms. Sun Qing has resigned as a non-executive Director with effect from 10 February 2021 due to personal reason. Executive Departure • Feb 11
Non-Executive Director has left the company On the 10th of February, Qing Sun's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Qing's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 27
New 90-day high: HK$2.63 The company is up 13% from its price of HK$2.33 on 29 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: HK$2.14 The company is down 18% from its price of HK$2.61 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Reported Earnings • Dec 27
First half 2021 earnings released: CN¥0.037 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: CN¥190.7m (down 22% from 1H 2020). Net loss: CN¥15.4m (down CN¥16.2m from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 14
New 90-day low: HK$2.25 The company is down 23% from its price of HK$2.92 on 15 September 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Dec 03
First half 2021 earnings released: CN¥0.037 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: CN¥190.7m (down 22% from 1H 2020). Net loss: CN¥15.4m (down CN¥16.2m from profit in 1H 2020). Is New 90 Day High Low • Nov 17
New 90-day low: HK$2.26 The company is down 13% from its price of HK$2.59 on 19 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Duyuru • Nov 10
IBO Technology Company Limited to Report First Half, 2021 Results on Nov 30, 2020 IBO Technology Company Limited announced that they will report first half, 2021 results on Nov 30, 2020 Is New 90 Day High Low • Oct 28
New 90-day low: HK$2.42 The company is down 5.0% from its price of HK$2.56 on 30 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 8.0% over the same period. Duyuru • Jul 31
IBO Technology Company Limited (SEHK:2708) completed the acquisition of 14.52% stake in Shenzhen Tongtianhui Technology Company Limited from Li Yanghao. IBO Technology Company Limited (SEHK:2708) entered into a letter of intent to acquire 14.52% stake in Shenzhen Tongtianhui Technology Company Limited from Li Yanghao on March 5, 2019. IBO Technology Company Limited entered into a sale and purchase agreement to acquire 14.52% stake in Shenzhen Tongtianhui Technology Company Limited from Li Yanghao for CNY 22.5 on April 17, 2019. IBO Technology Company Limited will pay CNY 17.98 million on the date of the agreement and balance of CNY 4.5 million on the completion date. The consideration of CNY 22.47 million will be paid in cash by IBO Technology to Li. IBO Technology Company Limited will fund the transaction by the internal resources of the group. The transaction is subject to entering into of a formal agreement, consummation of due diligence investigation and completion of corporate reorganization by the target group. Long stop date of the transaction is September 30, 2019. As of September 25, 2019, long stop date has been extended to October 31, 2019.
IBO Technology Company Limited (SEHK:2708) completed the acquisition of 14.52% stake in Shenzhen Tongtianhui Technology Company Limited from Li Yanghao in October 2019.