TEM Holdings Ltd (8346.HK)
0.08HKD
20 Oct 2020
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HK$0.08
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388,916
HK$0.10
HK$0.04
Latest Key Developments (Source: Significant Developments)
TEM Holdings Says Jumbo Planet Group Requests Board To Propose Privatisation Of Co
Sept 22 (Reuters) - TEM Holdings Ltd <8346.HK>::JUMBO PLANET GROUP REQUESTED BOARD TO PUT FORWARD PROPOSAL TO SCHEME SHAREHOLDERS FOR PRIVATISATION OF CO.UNDER PROPOSAL, CANCELLATION PRICE OF HK$0.0855 IN CASH PER SHARE.TOTAL CONSIDERATION FOR SCHEME SHARES PAYABLE BY OFFEROR.AS AT 22 SEPT, JUMBO PLANET GROUP HOLDS 450 MILLION SHARES REPRESENTING 75% STAKE OF CO.TO APPLY TO STOCK EXCHANGE FOR WITHDRAWAL OF LISTING AFTER EFFECTIVE DATE.APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF TRADING IN SHARES ON STOCK EXCHANGE FROM 23 SEPT.TOTAL CONSIDERATION PAYABLE ABOUT HK$12.8 MILLION. Full Article
Tem Updates On Impact Of Covid-19 On Groups Ops
May 26 (Reuters) - TEM Holdings Ltd <8346.HK>::MALAYSIA FACTORY'S OPERATIONS EXPECTED TO CONTINUE TO BE DISRUPTED BY DROP IN PRODUCTION VOLUME IN MAY & JUNE. Full Article
TEM Holdings Sees Malaysian Order To Continue To Disrupt Malaysia Ops
May 4 (Reuters) - TEM Holdings Ltd <8346.HK>::MALAYSIA FACTORY IS QUALIFIED TO OPERATE IN FULL CAPACITY.TEM HOLDINGS LTD SEES DISRUPTION ON MALAYSIA FACTORY'S OPERATIONS INCLUDING DROP IN PRODUCTION VOLUME IN APRIL & MAY.TEM HOLDINGS LTD SEES ADVERSE IMPACT ON CO'S FINANCIAL RESULT IN COMING MONTHS.TEM HOLDINGS LTD SEES CONTINUANCE OF MALAYSIAN ORDER TO CONTINUE TO HAVE A DISRUPTION ON MALAYSIA FACTORY'S OPERATIONS.TEM HOLDINGS LTD SEES DELAY IN RECEIPT OF RAW MATERIAL & DELIVERY OF FINISHED PRODUCTS AT MALAYSIA OPERATIONS.TEM EXPECTS THAT CURRENT CAPACITY OF MALAYSIA FACTORY IS STILL FAR BEHIND FROM FULL CAPACITY DUE TO UNCERTAINTY OF LABOR WORKFORCE & LOWER EFFICIENCY. Full Article
TEM Holdings Says Expected To Record An Increase In Loss For Nine Months
April 17 (Reuters) - TEM Holdings Ltd <8346.HK>::TEM HOLDINGS LTD- EXPECTED TO RECORD AN INCREASE IN LOSS FOR NINE MONTHS.TEM HOLDINGS LTD- EXPECTED RESULT DUE TO DECLINE OF PRODUCTION CAPACITY AND PRODUCTIVITY OF FACTORIES IN MALAYSIA AND PRC DURING QUARTER.TEM HOLDINGS LTD- EXPECTED TO RECORD AN INCREASE IN LOSS OF ABOUT 15-20% FOR NINE MONTHS COMPARED TO LOSS OF ABOUT HK$7.3 MILLION PCP.TEM HOLDINGS LTD- BUSINESS AND OPERATION OF MALAYSIA FACTORY WILL HAVE AN ADVERSE IMPACT ON FINANCIAL RESULT OF GROUP IN FORTHCOMING MONTHS DUE TO MCO.TEM HOLDINGS- GROUP'S MALAYSIA FACTORY STOPPED OPERATION SINCE 18 MAR WHICH HAS ALREADY EXERTED PRESSURE AND DIFFICULTIES ON MEETING CUSTOMERS' ORDERS. Full Article
TEM Holdings Sees Significant Decrease In Sales For Qtr Ending 31 March
March 19 (Reuters) - TEM Holdings Ltd <8346.HK>::ANTICIPATES THAT GROUP MAY RECORD A SIGNIFICANT DECREASE IN SALES FOR THREE MONTHS ENDING 31 MARCH 2020.EXPECTS THAT THERE WILL BE PRODUCTION HALT AND DELAY IN SUPPLY OF RAW MATERIALS FROM ITS SUPPLIERS.GROUP'S FACTORY IN SUNGAI PETANI MALAYSIA IS REQUIRED TO BE SHUT DOWN DURING 18 MARCH 2020 AND UP TO 31 MARCH 2020.EXPECTS DROP IN GROUP'S PRODUCTION VOLUME DURING MARCH 2020.ESTIMATED AGGREGATE NON-PRODUCTION DAYS OF GROUP WILL BE ABOUT FOUR WEEKS.EXPECTS A POSTPONEMENT IN DELIVERY TO CUSTOMERS. Full Article
TEM Holdings Updates On Group's Business Operations In Relation To Outbreak Of Novel Coronavirus
March 2 (Reuters) - TEM Holdings Ltd <8346.HK>::UPDATES ON GROUP'S LATEST BUSINESS OPERATIONS IN RELATION TO RECENT OUTBREAK OF NOVEL CORONAVIRUS.PRC FACTORY RESUMED PRODUCTION SINCE 12 FEB, THREE WEEKS AFTER PRODUCTION HALT.ESTABLISHED CRISIS MANAGEMENT WORKING TEAM IN JIANGMEN FACTORY FOR ARRANGEMENT OF PROVISION OF SERVICES TO MAINTAIN NORMAL OPERATION.EXPECTS IT WILL TAKE SOME TIME BEFORE PRODUCTION FACILITIES CAN RESUME TO NORMAL PRODUCTION CAPACITY.DELAY OF EMPLOYEES TO REPORT DUTIES LEAD TO TEMPORARILY DROP OF PRODUCTION CAPACITY IN PRC FACTORY.CERTAIN SCHEDULED DELIVERIES OF RAW MATERIALS WERE AFFECTED DUE TO TRAFFIC LIMITATIONS IMPOSED BETWEEN PROVINCES & CITIES IN PRC.CURRENTLY WORKING TO CATCH UP WITH ORIGINAL PRODUCTION AND DELIVERY SCHEDULE TO FULFILL SALES ORDER FOR FEBRUARY AND MARCH. Full Article
Tem Holdings Says Unit To Purchase Machinery For Eur427,600
Dec 3 (Reuters) - TEM Holdings Ltd <8346.HK>::UNIT TO PURCHASE MACHINERY AT A TOTAL CONSIDERATION OF EUR427,600 FROM KM CORPORATE S.R.L.. Full Article
TEM Holdings Sees Increase In Loss Of More Than 30% For Three Months
Oct 29 (Reuters) - TEM Holdings Ltd <8346.HK>::EXPECTED TO RECORD AN INCREASE IN LOSS OF MORE THAN 30% FOR THREE MONTHS.EXPECTED INCREASE IN LOSS WAS PRIMARILY ATTRIBUTABLE TO REDUCTION OF REVENUE.EXPECTED INCREASE IN LOSS DUE TO LESSER SALES ORDERS FROM FIERCE PRICE COMPETITION IN CHINA & ASIA PACIFIC MARKET, AMONG OTHER THINGS. Full Article
TEM Holdings Group Enters Master Sales Agreement With Brascabos
April 18 (Reuters) - TEM Holdings Ltd <8346.HK>::GROUP SHALL SELL POWER CORDS, CABLE/WIRE, HARNESSES TO BRASCABOS FOR AN INITIAL TERM ENDING ON 30 JUNE 2021. Full Article
BRIEF-Tem Updates On Impact Of Covid-19 On Groups Ops
* MALAYSIA FACTORY'S OPERATIONS EXPECTED TO CONTINUE TO BE DISRUPTED BY DROP IN PRODUCTION VOLUME IN MAY & JUNE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
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