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beijingwest industries inter (2339) Details

BeijingWest Industries International Limited, an investment holding company, is engaged in the design, development, manufacture, trading, and sale of auto parts in the People’s Republic of China and the United States. The company offers auto brakes, shock absorbers, and suspension and transmission parts. It is also involved in manufacturing, marketing, trading, and distributing construction decorative hardware products. The company was formerly known as Norstar Founders Group Limited and changed its name to BeijingWest Industries International Limited in January 2014. BeijingWest Industries International Limited is based in Wanchai, Hong Kong.

557 Employees
Last Reported Date: 04/16/14

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beijingwest industries inter (2339) Key Developments

BeijingWest Industries International Limited Reports Unaudited Consolidated Earnings for the First Quarter Ended March 31, 2014

BeijingWest Industries International Limited reported unaudited consolidated earnings for the first quarter ended March 31, 2014. Based on the unaudited accounts, the company recorded a profit of approximately RMB 220 million for the quarter ended March 31, 2014. Such profit arose from gain on debt restructuring of the Group. However, based on the unaudited accounts, the turnover of the group for the first quarter of year 2014 dropped by approximately 45% as compared to that for the first quarter of year 2013. Such decrease is mainly due to keen competition in the auto parts industry.

BeijingWest Industries International Limited Announces Consolidated Cash Flow Results for the Nine Months Ended December 31, 2013

BeijingWest Industries International Limited announced consolidated cash flow results for the nine months ended December 31, 2013. For the period, the company reported net cash generated from operating activities of RMB 28,804,000 against RMB 26,368,000 a year ago. Purchase of property, plant and equipment was RMB 27,910,000 against RMB 33,804,000 a year ago.

BeijingWest Industries International Limited, Annual General Meeting, Jun 06, 2014

BeijingWest Industries International Limited, Annual General Meeting, Jun 06, 2014., at 11:40 China Standard Time. Location: The Residence, Mezzanine Floor,. Agenda: To receive the report of the directors and the audited financial statements for the period from 1 April 2013 to 31 December 2013; to re-elect directors; to authorise the board of directors to fix the directors' remuneration for the year ending 31 December 2014 and all subsequent years; to appoint auditor and to authorise the directors to fix its remuneration; to give a general mandate to the directors to issue and dispose of shares not exceeding 20% of the existing issued share capital of the company; to give a general mandate to the directors to repurchase shares not exceeding 10% of the existing issued share capital of the company; to add, conditional upon the passing of resolution the nominal amount of repurchased shares to the general mandate given to the directors to allot shares; and to approve and adopt the new share option scheme of the company.


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