Last $0.18 HKD
Change Today -0.007 / -3.83%
Volume 22.8M
630 On Other Exchanges
Hong Kong
As of 4:01 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

amco united holding ltd (630) Snapshot

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52 Week High
06/19/14 - $0.44
52 Week Low
09/9/13 - $0.16
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amco united holding ltd (630) Details

AMCO United Holding Limited, an investment holding company, manufactures and sells plastic molding products and medical device products in Hong Kong. The company also provides consultancy services. It operates in North and South America, Europe, the People’s Republic of China, and other regions in Asia Pacific. The company was formerly known as Guojin Resources Holdings Limited and changed its name to AMCO United Holding Limited in February 2012. The company was incorporated in 1994 and is based in Kowloon, Hong Kong.

150 Employees
Last Reported Date: 04/29/14
Founded in 1994

amco united holding ltd (630) Top Compensated Officers

Chairman, Managing Director and Chairman of N...
Total Annual Compensation: $5.8M
Executive Director and Member of Remuneration...
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2013.

amco united holding ltd (630) Key Developments

AMCO United Holding Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

AMCO United Holding Limited provided earnings guidance for the six months ended June 30, 2014. For the period, the group is expected to record an increase in its net loss compared with that of the corresponding period in 2013. Based on the information currently available, such loss was mainly attributable to the rebound of market demand of the group's products in the first half of 2014 was still weak, which led a decrease in turnover and gross profit margin of the group; certain provisions were made for the relocation of factory; and a loss in fair value upon the conversion of convertible notes through profit or loss during the period under review while a gain in fair value of the outstanding convertible notes was recorded in the same correspondence period of last year.

AMCO United Holding Limited Enters into the Memorandum of Understanding with Skinnovation Never Limited to Form Joint Venture Company

The board of directors of AMCO United Holding Limited announced that on June 18, 2014, the company entered into the memorandum of understanding with SkinNovation Never Limited in relation to the proposed formation of a joint venture company for the purposes of setting up and operating a medical aesthetic centre in Hong Kong under the brand name of Face College; and collaborating to establish a chain of medical aesthetic centres in the future with a view to providing a range of medical aesthetic services. Pursuant to the MOU: subject to the entering into the definitive agreement by the parties and the terms and conditions thereof, the parties to the MOU will set up the JV company in Hong Kong and the company and SNL will own 51% and 49% respectively of the issued share capital of the JV company; subject to agreement by the parties and to be set out in the Definitive Agreement, the initial aggregate investment in the JV company is expected to be HKD 8,000,000, of which HKD 6,000,000 and HKD 2,000,000 will be contributed by the company and SNL respectively by way of shareholder's loan to the JV company; and after the signing of the MOU, the parties shall negotiate, in good faith, for the terms and conditions of the proposed cooperation and the Definitive Agreement during a period of three months from the date of the MOU. The MOU was intended to record the preliminary mutual understanding between the parties to the MOU and to serve as a platform for further negotiations and was not intended to be legally binding on the relevant parties. Subject to the business needs and development plans of the Proposed Joint Venture, as and when required, the company and SNL may make further contribution to the JV company for the proposed Joint Venture. In such case, the company will comply with the applicable listing Rules requirements in respect thereof.

AMCO United Holding Limited, Special/Extraordinary Shareholders Meeting, Jun 20, 2014

AMCO United Holding Limited, Special/Extraordinary Shareholders Meeting, Jun 20, 2014., at 10:30 China Standard Time. Location: Lavender, Level 3, Three Pacific Place. Agenda: To consider proposed offer by way of private placing of a maximum of 175,160,000 new shares of the company on a best endeavor basis; and to consider placing agreement.


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