Antelope Enterprise Hldgs Ltd Stock Price, News & Analysis

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) announced the appointment of Ms. Tingting Zhang to its Board of Directors and as corporate secretary, effective October 19, 2022. Zhang, with experience in digital content at China Mobile and multimedia design at 4399 Networks, is expected to contribute positively. Concurrently, Alex Ng Man Shek resigned from the Board for personal reasons. The company focuses on business management, information systems consulting, and manufacturing ceramic tiles in China.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL), a Chinese ceramic tile manufacturer, received a deficiency letter from Nasdaq on October 10, 2022, due to its stock price falling below $1.00 for 30 consecutive business days. The company has until April 10, 2023, to regain compliance or may be subject to delisting. It may also consider options such as a reverse stock split. Antelope operates in various sectors, including business management, information systems consulting, and online commerce.

Antelope Enterprise Holdings, Ltd. (NASDAQ: AEHL) announced the closing of a $1,000,000 registered direct offering on October 5, 2022. The Company issued 1,666,667 common shares at $0.60 each to institutional investors, accompanied by unregistered warrants with an exercise price of $0.82. Proceeds will be used for general corporate and working capital purposes. The offering was conducted under an effective shelf registration statement filed with the SEC. Dawson James Securities acted as the placement agent.

Antelope Enterprise Holdings Ltd. (NASDAQ: AEHL) announced a registered direct offering aiming to raise approximately $1.0 million through the issuance of 1,666,667 common shares at $0.60 each. Closing is expected by October 4, 2022. Each share comes with an unregistered warrant to purchase one additional share at an exercise price of $0.82 for five years. Proceeds are intended for general corporate purposes. Dawson James Securities, Inc. acts as the sole placement agent. The offering is conducted under an effective shelf registration.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) reported a remarkable 169.3% increase in revenue, reaching RMB 135.0 million (US$20.8 million) for the first half of 2022, driven predominantly by its new technology segments that contributed 88% of total revenue. The business management and consulting revenue soared to RMB 118.2 million (US$18.3 million). Despite a net loss reduction to RMB 25.7 million (US$4.0 million) from RMB 70.8 million (US$10.9 million) in 2021, the ceramic tile segment faced a significant revenue drop of 60.4%. The company remains optimistic about growth in technology sectors amid ongoing challenges in the real estate market.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) announced that its subsidiary, Hainan Kylin Cloud Services Technology, signed a one-year Service Cooperation Contract with Hunan Fushing E-Commerce. The contract focuses on recruiting personnel for Fushing's marketing and promotion needs. This initiative aims to leverage Kylin Cloud's SaaS technology to enhance recruitment processes. The development is part of Antelope's strategy to diversify into technology sectors, addressing challenges in its ceramic tile market due to China's real estate slowdown.

Antelope Enterprise Holdings Limited (AEHL) has scheduled its earnings conference call for September 29, 2022, at 8:00 am Eastern Time to discuss its first half financial results for the period ending June 30, 2022. The earnings press release will be accessible on the company's Investor Relations page before the call. Participants can dial in 5-10 minutes early using the provided contact numbers. A replay will be available for 14 days post-call.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL) will hold its annual shareholder meeting on September 15, 2022, at 8 p.m. local time in Jinjiang, China. Shareholders as of August 2, 2022, are encouraged to vote via telephone or online. Antelope is a key ceramic tile manufacturer in China, with products sold under the 'Hengda' brand, offering over 2,000 styles. The company also engages in business consulting and online social commerce.

Antelope Enterprise Holdings Limited (NASDAQ: AEHL), a prominent Chinese ceramic tile manufacturer, announced that its annual meeting of shareholders will occur on September 15, 2022, at 8 p.m. local time in Jinjiang, Fujian, China. The cutoff date for shareholder voting eligibility is August 2, 2022. Antelope's ceramic tiles are offered under the 'Hengda' brand, available in over 2,000 variations, and are sold to property developers through exclusive distributors. The company also provides business consulting and engages in online social commerce and live streaming.