Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sinopec Engineering Group Co Ltd. Regulatory Filings 2017

Feb 15, 2017

14896_rns_2017-02-15_ea97f44d-d624-4feb-93d9-8fc9e2d8893d.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [49 x 55] intentionally omitted <==

UNIVERSE INTERNATIONAL FINANCIAL HOLDINGS LIMITED 寰宇國際金融控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

PROFIT WARNING – ADDITIONAL INFORMATION

This announcement is made by Universe International Financial Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

Reference is made to the announcement of the Company dated 5 January 2017 (the “ Announcement ”) in which the Company announced that the Group had recorded a fair value gain arising from the change in fair value of financial assets at fair value through profit or loss of approximately HK$18.2 million for the six months ended 31 December 2016 while the Group recorded a fair value loss arising from the change in fair value of financial assets at fair value through profit or loss of approximately HK$133.0 million for the six months ended 31 December 2015, which was the principal cause of the Group’s overall unaudited loss for that period.

The board of directors of the Company (the “ Board ”) wishes to inform the shareholders and potential investors of the Company that in addition to the information set out in the Announcement referred to above, the Company has been informed by a fund manager of one of its unlisted available-for-sale financial assets that such investment has incurred losses and the estimated impairment loss of available-for-sale financial assets amounted to a significant amount (currently estimated to be approximately HK$44.3 million) as at 30 December 2016. Such amount of estimated loss, which is subject to further review, will have an impact on the profit and loss position of the Group for the six months ended 31 December 2016.

1

The Board wishes to reiterate that the operations of other principal activities remain normal during the six months ended 31 December 2016.

As the Company is still in the process of finalising the interim results for the six months ended 31 December 2016, the information contained in the Announcement and this announcement is based only on the preliminary assessment by the management according to the information currently available to it and is not based on any figures or information that has been audited or reviewed by the auditors or the audit committee of the Company and may be subject to change. Shareholders and potential investors of the Company are advised to refer to the interim results announcement of the Group for the six months ended 31 December 2016 which is expected to be published on 27 February 2017.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

On behalf of the Board Universe International Financial Holdings Limited Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 15 February 2017

As at the date of this announcement, the executive Directors are Mr. Lam Shiu Ming, Daneil, Mr. Hung Cho Sing and Mr. Lam Kit Sun, and the independent non-executive Directors are Mr. Choi Wing Koon, Mr. Lam Chi Keung and Ms. Cheng Lo Yee.

2