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FIH Mobile Ltd (2038.HK)

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Latest Key Developments (Source: Significant Developments)

FIH Mobile says qtrly‍ revenue and other operating revenue $3.74 billion
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - FIH Mobile Ltd <2038.HK>::Qtrly ‍ revenue and other operating revenue $3.74 billion versus $1.69 billion.Qtrly ‍loss from continuing operations $119.4 million versus profit of $44.6 million.  Full Article

FIH Mobile sees net loss in 2017 financial year
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Fih Mobile Ltd <2038.HK>:‍Expects group's turnover during q3 of 2017 to be around us$3.67 billion​.‍Expects group to record a consolidated net loss for second half of 2017 higher than first half of 2017​.‍Expects to record a consolidated net loss for 2017 financial year​.Expected loss due to generally lower gross margins‍​.  Full Article

FIH Mobile says unit and Mango International Group enters share subscription agreement
Wednesday, 28 Sep 2016 

FIH Mobile Ltd <2038.HK> : Long Ample and Mango International entered into note purchase agreement . Unit Long Ample Limited, Mango International Group Ltd, certain existing shareholders of mango international entered into share subscription agreement . Long Ample agreed to purchase, and Mango International agreed to issue, a convertible note in principal amount of us$60 million .Mango International agreed to issue 7.2 million mango shares at aggregate subscription price of $3.25 million and 6 million mango shares at aggregate subscription price of $50 million.  Full Article

FIH Mobile says Wonderful Stars,Foxconn Singapore enters into share subscription agreement<2038.HK>
Wednesday, 17 Aug 2016 

FIH Mobile Ltd <2038.HK>: Wonderful stars , foxconn Singapore entered into a share subscription agreement with hike global . Hike has conditionally agreed to issue and allot shares at the subscription price of US$50 million .  Full Article

FIH Mobile posts HY net profit of US$21.4 mln<2038.HK>
Thursday, 11 Aug 2016 

FIH Mobile Ltd <2038.HK>: Announcement of unaudited interim results for the six months ended 30 June 2016 . HY profit attributable to owners of the company for the period was US$21.4 million, representing a decrease of US$108.4 million . Resolved not to recommend the payment of an interim dividend for the six months ended 30 June 2016 . Global economy continues to be uncertain and challenging in the 1st half of 2016 . Uncertainties surrounding current global economic and geo-political outlook continue to limit the overall demand visibility of the group's end markets . HY revenue $2.31 billion versus $3.83 billion year ago . Expects to see a consolidation of the smart phone market in the coming quarters . Group will focus on improving operational efficiency and cost saving to cope with economic uncertainties . Currently no financing plans to meet capital commitments, nor repayment of current debts, and not envisaged there will be fund-raising activities for rest of 2016 .  Full Article

FIH says unit entered contributed charter capital transfer agreement<2038.HK>
Thursday, 7 Jul 2016 

FIH Mobile Ltd <2038.HK>: Signing of contributed charter capital transfer agreement relating to Microsoft Mobile (Vietnam) limited liability company . Unit entered into the ccta with the seller .Acquisition of contributed capital from the seller will be effected at contributed capital purchase price of vietnamese dong 492.4 billion.  Full Article

FIH Mobile updates on collaboration relating to Nokia-branded products business<2038.HK>
Wednesday, 18 May 2016 

FIH Mobile Ltd <2038.HK>: Collaboration relating to nokia-branded products business <2038.HK> . Company and tns limited entered into a collaboration agreement with nokia technologies . Pursuant to collaboration agreement hmd has agreed to exclusively undertake business in nokia-branded Mobile phones and tablets .  Full Article

Microsoft says to sell entry-level feature phone assets to FIH Mobile for $350 mln
Wednesday, 18 May 2016 

Microsoft Corp : To sell entry-level feature phone assets to fih mobile, a subsidiary of hon hai /foxconn technology group, and hmd global, oy for $350 million . As part of deal, fih mobile ltd. Will also acquire microsoft mobile vietnam - company's hanoi, vietnam , manufacturing facility . Transaction is expected to close in second half of 2016, subject to regulatory approvals and other closing conditions .To continue to develop windows 10 mobile and support lumia phones such as lumia 650, lumia 950, lumia 950 xl, and phones from oem partners.  Full Article

FIH updates on acquisition of certain assets of feature phone business<2038.HK>
Wednesday, 18 May 2016 

FIH Mobile Ltd <2038.HK>: Discloseable transaction in respect of acquisition of certain assets of feature phone business <2038.HK> . Deal for a total consideration of US$350 million . Company, the ip purchaser and the seller entered into the stock and asset purchase agreement .  Full Article

FIH Mobile says qtrly loss for period from continuing operations $3.8 mln<2038.HK>
Monday, 16 May 2016 

FIH Mobile Ltd <2038.HK>: Qtrly revenue and other operating revenue $1.08 billion versus $2.01 billion . Qtrly loss for the period from continuing operations $3.8 million versus profit of $65.3 million .  Full Article

BRIEF-Fih Mobile Says Yu Mingjen Appointed Executive Director

* YU MINGJEN BEEN APPOINTED AS AN EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)