Billion International Holdings

Ex-Billion boss faces new writ

Former Billion International Holdings boss Simon Chan Ying-ming has been hit with further litigation for an alleged unpaid loan.

Saturday, 19 September, 1998, 12:00am

Buyer eyes Billion shares

Billion International Holdings chairman Chan Ying-ming has been approached by an independent third party to buy part or all of his stake in the company, Billion International said.

Mr Chan owns about 293.91 million shares, or 22.9 per cent, of the existing issued share capital of the firm.

The company said talks were under way.

23 Jan 1998 - 12:00am

Listing date extended

Billion International Holdings is to extend the date for listing its newly placed shares from January 9 to February 6 due to recent adverse market conditions.

12 Jan 1998 - 12:00am

Billion to expand into money lending

Electronics firm Billion International Holdings says it will diversify into money-lending services after seeing demand hurt by the regional slump.

Chairman Simon Chan Ying-ming said yesterday the company planned to apply for a money-lending licence in the next two months.

7 Jan 1998 - 12:00am

Billion eyes $39m for growth

Electronic products maker Billion International Holdings is hoping to raise a net $39 million via a placement of 100 million new shares to independent investors at 40 cents each to finance its mainland expansion. The placing price represents a discount of 15.8 per cent to yesterday's closing price of 47.5 cents.

10 Dec 1997 - 12:00am

Tamagochi pet helps lift Billion to 'full speed'

Electronic products maker Billion International Holdings - formerly known as Sharp Brave - is confident it will return to profitability this year as its production facilities are running at full speed.

Vice-chairman Francis Li Chi-hung attributed the $20 million operating loss recorded last year to a low utilisation rate for its machinery.

10 Sep 1997 - 12:00am

Billion eyes electronics deal

Billion International Holdings says it has been approached by an independent third party with a proposal to develop and produce certain aeronautics-related electronic components. It said negotiations for the proposed venture, which might constitute a notifiable transaction under the listing rules, were preliminary.

4 Sep 1997 - 12:00am

Billion in black after cost cuts

A cost-reduction programme has helped electronics product maker Billion International Holdings return to the black. The group came in with a $1.29 million profit for the year to March 31, against a $31.69 million loss the previous year. Turnover increased slightly to $162.4 million.

29 Aug 1997 - 12:00am

Billion considers placement

Billion International Holdings says it is discussing with an independent securities company a possible placing of new shares in the company, but is said no agreement had been reached.

22 Jul 1997 - 12:00am

Sharp Brave renamed

Sharp Brave Holdings, a maker of electronic products, is to be renamed Billion International Holdings, following a change of control of the company.

Ming Kee Investments, controlled by Chan Ying-ming, will become beneficial owner of 295.9 million shares, or 51.6 per cent of the issued shares, after it completes the purchase of the second tranche of shares by June 3.

8 Apr 1997 - 12:00am