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full apex holdings ltd (FAPX) Details

Full Apex (Holdings) Limited, an investment holding company, is engaged in the manufacture and sale of bottle-grade polyethylene terephthalate (PET) resins, PET performs, and PET bottles for carbonated beverages. It operates through Paper Packaging Products, PET Preforms and PET Bottles, and PET resin segments. The company also manufactures and distributes corrugated paper packaging products, including cartons and die-cut boxes. It serves multinational corporations and local manufacturers primarily in the People’s Republic of China. The company was founded in 1996 and is based in Wanchai, Hong Kong.

Founded in 1996

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full apex holdings ltd (FAPX) Key Developments

Full Apex (Holdings) Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Full Apex (Holdings) Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced revenue of RMB 311,130,000 compared to RMB 494,078,000 for the same period a year ago. Loss before income tax was RMB 55,546,000 compared to profit before income tax of RMB 14,906,000 for the same period a year ago. Loss for the period was RMB 55,824,000 compared to profit for the period of RMB 9,484,000 for the same period a year ago. Loss for the period attributable to owners of the company was RMB 55,574,000 or 6.32 cents per basic share compared to profit for the period attributable to owners of the company of RMB 9,664,000 or 1.10 cents per basic share for the same period a year ago. The decrease in revenue was due mainly to a decrease in sales from the polyethylene terephthalate resin business resulting from a decrease in sales volume and lower selling prices. Net cash generated from operating activities was RMB 247,800,000 compared to RMB 156,232,000 for the same period a year ago. Purchases of property, plant and equipment was RMB 36,904,000 compared to RMB 72,000 for the same period a year ago.

Full Apex (Holdings) Limited Provides Earnings Guidance for the First Quarter of 2014

Full Apex (Holdings) Limited announced that the price of raw material continued to decline in first quarter of 2014 and had a significant negative impact on the group's inventory. As a result, the group is expected to report a loss for first quarter of 2014.

Full Apex Holdings Ltd., Annual General Meeting, Apr 29, 2014

Full Apex Holdings Ltd., Annual General Meeting, Apr 29, 2014., at 10:30 Singapore Standard Time. Location: Kingfisher 1&2, Level 1, Seletar Country Club. Agenda: To receive and adopt the directors' report and the audited financial statements of the company for the year ended 31 December 2013; to re-elect directors; to approve the payment of directors' fees for the year ended 31 December 2013; to re-appoint Messrs BDO Limited, Certified Public Accountants, Hong Kong and BDO LLP, Public Accountants and Chartered Accountants, Singapore, as the company's auditors, to act jointly and severally and to authorise the directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an annual general meeting; and to consider other things.


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