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April 2015, BMI NEWSLETTER, PUBLISHED BY BM INTELLIGENCE GROUP |
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HOT NEWS |
Congratulations to Shanghai Xunwang Information Technology Co., Ltd. (Stock Code: 204487) successfully listed in Shanghai Stock Exchange
BMI Asset Management (Shanghai) Ltd. provided Shanghai Xunwang Information Technology Co., Ltd. listing recommendation service, and to help them successfully listed in Shanghai Stock Exchange. Shanghai Xunwang Information Technology Co., Ltd. (Stock Code: 204487) listed in Shanghai Stock Exchange on March 31, 2015.
BMI Asset Management (Shanghai) Ltd. congratulate hanghai Xunwang Information Technology Co., Ltd. has successfully listed, and wish it a blooming business.
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Congratulations to Quanqiutong, Zhibotang, and Jingai Electric have successfully listed in Shanghai Stock Exchange
BMI Asset Management (Shanghai) Ltd. has provided listing recommendation services to "Quanqiutong" (stock code: 204378), "Zhibotang" (stock code: 204687), "Jingai Electric" (stock code: 204692) and help them successfully listed in Shanghai Stock Exchange on March 30, 2015.
BMI Asset Management (Shanghai) Ltd. congratulate to above compnies, and wish them a blooming business.
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Congratulations to Gaoyao Xinxi Environmental Engineering Co., Ltd. (Stock Code: 204572) successfully listed in Shanghai Stock Exchange
Gaoyao Xinxi (Stock Code: 204572) successfully listed in the Shanghai Equity Exchange on March 25, 2015 by BMI Asset Management (Shanghai) Limited recommendation.
BMI Asset Management (Shanghai) Limited wish their business will have a great success in the future.
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Congratulations to Jiangsu Xiongcheng Hydraulic Equipment Manufacturing Co., Ltd. (Stock Code: 204483) successfully listed in Shanghai Stock Exchange
BMI Asset Management (Shanghai) Ltd. provided Jiangsu Xiongcheng Hydraulic Equipment Manufacturing Co., Ltd. listing recommendation service, and to help them successfully listed in Jiangsu Xiongcheng Hydraulic Equipment Manufacturing Co., Ltd. (Stock Code: 204483) listed in Shanghai Stock Exchange on March 25, 2015.
BMI Asset Management (Shanghai) Ltd. congratulate Guangzhou Juan Furniture Co., Ltd. has successfully listed, and wish it a blooming business.
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Congratulations to AoKe Chemical, Zhongtian Agriculture, Yuntong Technology, Zhonggu Construction Materials successfully listed in Shanghai Stock Exchange
BMI Asset Management (Shanghai) Ltd. has provided listing recommendation services to "AoKe Chemical"(stock code: 204266), "Zhongtian Agriculture"(stock code: 204318), "Yuntong Technology"(stock code: 204320), "Zhonggu Construction Materials"(stock code: 204321) and help them successfully listed in Shanghai Stock Exchange on March 12, 2015.
BMI Asset Management (Shanghai) Ltd. congratulate to above companies, and wish them a blooming business.
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The New Companies Ordinance
The new Companies Ordinance (the “New CO”) has commenced operation on 3 March 2014. Under the New CO, changes affecting public companies incorporated in Hong Kong and listed companies are as follows:
If the financial year of a public company incorporated in Hong Kong begins on or after the commencement date of the New CO:
.The annual return date is 6 months after the end of the company’s accounting reference period.
.The accounting reference period is the period by reference to which the company’s annual financial statements are to be prepared.
Annual listing fees are currently calculated by reference to the nominal value of a listed company’s securities which are or are to be listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). However, the concept of nominal (par) value has been abolished under the New CO, which will affect listed companies incorporated in Hong Kong. As a result, Appendix 8 of Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”) will be amended to provide that:
.for listed companies whose shares cease to have a nominal value subsequent to their date of listing (the No-par Event), the nominal value per share that was used to calculate the annual listing fees immediately before the No-par event (the Notional Nominal Value Per Share) will be used to calculate the annual listing fees from the No-par Event;
.if a listed company conducts a subdivision of shares after the No-par Event, the Notional Nominal Value Per Share will be adjusted accordingly for calculation of the annual listing fees following the subdivision, subject to a minimum of HKD0.25; and
.for listed companies whose shares have no nominal value on their date of listing, the nominal value per share shall be deemed to be HKD0.25 for calculation of the annual listing fees. This is in line with the existing Listing Rules and their application to listed companies with no nominal value per share or a nominal value per share less than HKD0.25.
BMI Listed Corporate Services Limited provides professional services to both private and listed companies all over the world. For details of our corporate secretarial services concerning the New CO and Listing Rules amendments, please contact:
Ms. Queenie Ho Wing Yan ACIS, ACS(PE)
Director
Tel.: Mobile (Hong Kong) - (852) 9510 2106
Office (Hong Kong) - (852) 2593 9610
Mobile (China) – (86) 147 1436 3832
E-mail: qho@bmintelligence.com
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Members of BM Intelligence Group have been awarded as Caring Company
Members of BM Intelligence Group have again been awarded as Caring Company this year by the Hong Kong Council of Social Service in recognition of its efforts in performing corporate social responsibilities and continuous supports to the community and environment.
Member List of Caring Company are as follow:
- BMI Innovation Limited (10+ Years)
- BMI Appraisals Limited (5 Years)
- BMI Funds Management Limtied (2012-2015)
- BMI Securities Limited (2012-2015)
Among the Group, BMI Appraisals Limited and BMI Innovation Limited received 5 Plus Year Caring Years, and 10 Plus Year Caring Company Award.
In the future, entire BMI staff members will continue to support and return to the society and demonstrate our good corporate citizenship.
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Caring Company Award 2015 - BMI Appraisals
BMI Appraisals was delighted to be awarded by The Hong Kong Council of Social Service for the 5 Years Plus Caring Company this year again, in recognition of our efforts in performing corporate social responsibilities and continuous supports to the community and environment.
We are dedicated to the development of promoting a caring community and had provided cash donations to various charitable organizations and participated in many social activities in 2014, such as The Community Chest’s Skip Lunch Day, Blood Donation Day and elderly centre visits. Moreover, we continuously provided scholarship known as “Dr. Tony Cheng Scholarship” to the Fresh Fish Trader’s School since 2010 to devote ourselves to educational enhancement from time to time.
In the future, we will continue to support and return to the society and demonstrate our good corporate citizenship.
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Keep or adopt and use of common seal – NORCOLA COMPANY LIMITED
New Companies Ordinances (“New CO”) simplifies the execution of documents by companies. The keeping and use of common seal is now optional for both the existing companies which have adopted to use common seal under the predecessor Companies Ordinance or companies incorporated under the New CO. Even if a company keeps a common seal, a company may choose to execute a document whether under its common seal or not in accordance with section 127 of the New CO. Section 127(1) provides that a company may execute a document under its common seal. If a company chooses to execute a document under its common seal, the seal must be affixed in accordance with the provisions of its articles (section 127(2)).
Whether a common seal is kept the company or not, a company may also execute a document in the following manner as set out in section 127(3):-
1. In the case of a company with only one director, by having it signed by the director on the company’s behalf (the sole director of the company);
2. In the case of a company with 2 or more directors, by having it signed on the behalf of the company by the 2 directors or any 2 of the directors, or any of the directors and the company secretary of the company.
There is no specific provision in the New CO or the Companies (Model Articles) Notice (Cap. 622H) on any procedural requirement for a company to adopt or cancel its common seal. The procedures for adopting or cancelling a common seal is a matter for the company to decide, having regard to the applicable provisions in its articles and the usual practice and procedures for adoption or cancellation of a common seal.
As different forms of articles relating to the use of common seal or execution of documents may be adopted by companies, a company should seek independent legal or other professional advice in case of doubt.
Source of information : Companies Registry.
NORCOLA COMPANY LIMITED, a member of BM Intelligence Group, provides our clients with a comprehensive range of corporate secretarial services. For more information, please feel free to contact:
Name : Ms. Eva Lam
Tel : (852) 2159 5003
Email : info@norcola.com.hk
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UPCOMING EVENTS |
Eleventh series of "Corporate Finance and IPO" courses now enrolling
BMI Professional Training Centre and Economic Digest have co-organized the eleventh series of “Corporate Finance and IPO” course. The course series is suitable for people who demonstrate strong interest in corporate finance and listing rules issues, corporate decision-makers who plan for listing and other professionals, including financial controllers, accountants, legal advisors and senior executives. The objective is to offer participants an in-depth understanding of Hong Kong listing rules, procedures and requirements.
Course Name
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Date
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Time
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The integration of Mainland enterprises and Hong Kong's Capital market
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5/3 (Thu)
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18:30-21:00
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Process and the new regulation for listing
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12/3 (Thu)
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18:30-21:00
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Corporate valuation and arrangements of financial and accounting
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19/3 (Thu)
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18:30-21:00
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Business and assets restricting in preparation for listing
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26/3 (Thu)
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18:30-21:00
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Sponsor’s IPO Due Diligence
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2/4 (Thu)
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18:30-21:00
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Case studies of successful listing
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9/4 (Thu)
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18:30-21:00
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After completing the full course, participants do not only receive the attendance certificate, but also become a member of the International Financial Management Association (IFMA) in Hong Kong Head quarter for free.
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Xiamen University – WISE Ph.D in Economics and Finance (designed for working professionals)
Xiamen University is a state vice-ministerial level key university and was included in the list of “211 Project” and “985 Project” for the state key construction. It is one of the three earliest universities to develop the post-graduated education.
Overview of Xiamen University:
- Ranked sixth on China top ten scientific research institute (issued by Nature)
- Ranked top 20th in the 2013 Chinese University Alumni Association university ranking list.
- Finance, statistic and accounting programmes ranked 1st in China.
- Have over 140 research institutes and more than 38,000 on-campus post-graduate students.
Research directions: Financial econometrics and forecasting, Financial Markets and Investment, Financial and Risk Management, Corporate Finance, Cross-strait financial market research, Macroeconomic analysis and forecasting, Labor economics and human resource management, and Industrial organization.
Studies: Finance/corporate finance/ investment/ financial econometrics/ e-finance
Admission requirement: Hong Kong, Macao and Taiwan residents/ foreign residents with master’s degree or enroll in Xiamen University Master of Software Engineering Programme.
Tuition fee: RMB 150,000 (pay in three installments).
Degrees receive: PhD degree certificate and graduation certificate issued by Xiamen University
Duration: Three to seven years
The Advantages of Xiamen University – WISE Ph.D in Economics and Finance (designed for working professionals)
School of Economics ranked 2nd in the 2010 Chinese Postgraduates Education Evaluation Report.
- Complete the entire PhD programme in three to four years.
- PhD programme is interconnected with the Master of Software Engineering Programme, it will require less time to complete both programmes.
- Weekend classes, created a convenience environment for working professionals.
- Able to join Xiamen University Hong Kong Alumni Association after graduate to expand the career platform.
Do not miss this opportunity!
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LATEST SUCCESSFUL PROJECTS |
Recently Successful IPO and Public Circular Cases of BMI Appraisals Limited: |
Valuation Projects |
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Company Name: Greater China Holdings Ltd.
Stock code: 431
Circular issue date: 26 January 2015
Project nature: Property valuation |
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PROJECTS RECOMMENDATION |
Tailor-made Directors' Training
BMI Professional Training Centre Limited strives to provide professional, high quality and reliable training courses. Apart from regular courses with fixed schedule and content, we also tailor-made corporate training courses that fulfill unique demands of corporate clients.
Our popular tailor-made Directors' Training course covers a comprehensive range of topics related to listing rules, including director responsibility, code on corporate governance, responsibilities of the Board of listed companies and overview of Hong Kong Listing Rules etc.
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BMI Professional Training Centre - Conference Room Rental Package
BMI Professional Training Centre is pleased to offer the rental of conference room at a convenience location in Wan Chai. It is suitable for organizing events, such as seminars workshops, training, press conferences.
For further information, please contact Ms. Danette Chen at (852) 3970 9233/ danette.chen@bmintelligence.com
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Hong Kong real-estate project and house for lease
Infiniti Pacific Properties Limited is an international real-estate service provider. We provide a full range of real estate services, spanning from corporate occupier services to strategic consultancy, project appraisal, valuation, feasibility studies and market research, property management, facilities and asset management and transactional services. Following are some of our promoting projects.
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Po Yue Yuk Bldg |
Square Street No.10 |
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- GA:1,463s.f.
- SA:1,114s.f.
- 2 bedrooms (1 ensuite), close to escalator
- Balcony with open view, modern interior design
- One unit per floor, private lift key to unit
- With 1 car parking space (Add $2K)
- Asking Price HK$20.8M
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- GA:600s.f.
- SA:477s.f.
- 1 bedroom, open kitchen
- Good renovation with private roof
- Good location for investment
- Asking Price HK$7.5M
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Beautiful Dream House - Clear Water Bay |
The Legend, Tai Hang |
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- GA:2,100sf
- SA:2,100sf
- 4 beds (2 ensuites), 2 balconies, 4 baths, study room
- 3 terraces, private huge gdn, swimming pool & roof top stunning full seaview, high privacy, direct pathway down to the seaside, large uncovered CP
- Asking Price HK$180M
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- GA:1,908sf
- SA:1,385sf
- 4 beds (1 ensuite), 2 baths, maid's room, balcony
- Extensive views over the city to distant harbour
- Fully furnished, club facilities
- Asking Rent HK$85K
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The Signature, Jardine's Lookout |
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- GA: 2,016ft
- SA: 1,566ft
- 4 beds (2 ensuites), 3 baths, maid's room, 1 carpark
- Balcony with dynamic views of city and harbour
- Floor-to-ceiling windows at the living & dining room to the balcony
- Asking Rent HK$98K
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CONTACT US |
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Published By:
BM Intelligence Group
33rd Floor, Shui On Centre, 6-8 Habour Road, Wanchai, Hong Kong
Tel: (852) 2802 2191
Fax: (852) 2802 0331
E-mail: info@bmintelligence.com
Website: www.bmintelligence.com
Disclaimers:
- This document is for the information of the clients of BM Intelligence Group only and is not for the publication in the Press or otherwise.
- The contents of this document shall not constitute any representation by BM Intelligence Group or its associated companies. Any expressions of opinion therein shall not be regarded to be advices from BM Intelligence Group or its associated companies and shall not be relied upon by companies and shall not be relied upon by recipients of this document without seeking their own professional advices.
- To the best knowledge of BM Intelligence Group, the information contained in this document is accurate at the time of printing.
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Copyright © 2015, BM Intelligence Group. All Rights Reserved. |