Welcome to our dedicated page for Eason Technology news (Ticker: DXF), a resource for investors and traders seeking the latest updates and insights on Eason Technology stock.
Eason Technology Limited (NYSE American: DXF) regularly publishes updates that shed light on its activities in real estate operation management and investment and digital technology security business in Hong Kong, China. This news page aggregates company press releases and third-party coverage so readers can see how Eason Technology’s strategy and regulatory status evolve over time.
Recent announcements highlight several key themes. The company has disclosed a real estate purchase agreement to acquire a commercial property in Hubei, China, funded through the issuance of Class A ordinary shares, and a securities purchase agreement to sell units of shares and warrants for working capital and general corporate purposes, both subject to New York Stock Exchange approval. These items illustrate how Eason Technology uses equity-based transactions to support its real estate and technology-focused operations.
News items also cover Eason Technology’s digital technology security initiatives, including development of an intelligent quality inspection system based on machine vision technology for industrial manufacturing, blockchain-based solutions for intellectual property and media transmission, and a program to purchase bitcoin to accelerate research and development of a digital asset security product. These disclosures provide context on the company’s technology roadmap and its emphasis on blockchain and security applications.
Another important category of DXF news involves exchange compliance and financial reporting. The company has reported NYSE American notices regarding delayed SEC filings and stockholders’ equity levels, as well as subsequent filings of its Form 20-F and semi-annual reports and related communications about regaining or seeking to maintain compliance. Investors and observers can use this news feed to follow Eason Technology’s corporate actions, project updates, capital raising activities, and listing status in one place.
Eason Technology (NYSE: DXF) has secured HK $1.5 million in funding from Renying Capital for its subsidiary Hongkong Yiyou Digital Technology Development The investment will support the development of blockchain technology for intellectual property protection and media transmission.
As part of the transaction, Renying Capital will acquire a 15% equity stake in Hongkong Yiyou Digital Technology. The company aims to establish itself as a leader in the Asian market in 2025, focusing on providing blockchain-based security solutions for copyright and intellectual property protection across various media sectors including literature, music, film, television, drama, and games.
Eason Technology (NYSE American: DXF) has announced the acquisition of Hongkong Starlux Intelligent Technology, a blockchain technology company specializing in blockchain security and applications. The company, which operates in real estate management and digital technology security, sees this acquisition as part of its strategic transformation.
The company's CEO Stanley highlighted their successful return to the main board market from the pink market, noting that their real estate operations provide stable cash flow while offering industrial application scenarios for digital technology across sectors including industrial manufacturing, medical treatment, media content production, and cross-border e-commerce.
Through this acquisition, Eason aims to strengthen its R&D team and accelerate blockchain product development, with plans to release their first blockchain product in Q2 2025. Financial terms of the acquisition were not disclosed.
Eason Technology announced that NYSE Regulation has withdrawn its delisting determination and will lift the trading suspension of the company's ADS on the NYSE American. The decision comes after the company's ADS price rose above the minimum threshold required by Section 1003(f)(v) of the NYSE American Company Guide. Trading is expected to resume on January 24, 2025, under the symbol 'DXF' with CUSIP '26605Q304'.
Dunxin Financial Holdings (DXF) has announced a corporate name change to Eason Technology , effective January 10, 2025. The company is also changing its Chinese dual foreign name from '敦信金融控股有限公司' to '益生科技集团'. Despite these changes, the company's American depositary shares (ADSs) will maintain their current trading symbol and CUSIP number.
Dunxin Financial Holdings (OTC Pink: DXFFY) announced plans to change its American depositary shares (ADSs) ratio from 1:480 to 1:60,000 Class A ordinary shares, effective December 4, 2024. This change will function similarly to a 1:125 reverse split for ADS holders.
The company's Class A ordinary shares will remain unchanged. ADS holders must surrender their securities for cancellation and exchange. No fractional ADSs will be issued; instead, fractional entitlements will be sold, with net proceeds distributed to affected holders. Trading will continue under the symbol 'DXFFY' on the OTC Pink market.
Dunxin Financial Holdings (OTC Pink: DXFFY) announced a private placement of a $162,500 convertible promissory note with Bucktown Capital, The note bears an 8% annual interest rate and matures in nine months. The investor can convert the note into American Depositary Shares (ADS) after six months at 75% of the lowest 10-day VWAP minus ADS fees. The company can prepay at 120% of the outstanding balance. Weekly ADS sales by the investor are to 15% of trading volume until 30 days after note satisfaction.
Dunxin Financial Holdings (NYSE American: DXF) has announced plans to hold its 2024 Annual General Meeting of Shareholders on November 1, 2024. The meeting agenda includes a proposal to change the company's legal name to "Eason Technology " and its Chinese name to "益生科技集团". Additionally, shareholders will vote on the adoption of the company's 2024 Equity Incentive Plan.
The record date for shareholders entitled to vote is October 2, 2024. The meeting will take place at the company's office in Wuhan, China. Holders of Class A and Class B Ordinary Shares are invited to attend or vote by proxy. ADS holders must instruct Deutsche Bank Trust Company Americas on how to vote their shares.
The company will provide detailed information about the proposals and voting procedures in a proxy statement, which will be available on the SEC's website and the company's website.
Dunxin Financial Holdings (NYSE American: DXF), a company focused on real estate operation management, investment, and digital technology security in Hong Kong, has announced significant management changes. Mr. Longwen (Stanley) He, an existing director, has been appointed as the new Chief Executive Officer and Chairman of the Board. Additionally, Mr. Siyuan Xu has joined the Board of Directors and is leading the company's real estate operation business line.
Mr. Xu brings valuable experience from his role as president of Xinnuohan Investment Holding Shenzhen Co., , where he oversees overall management. His expertise spans real estate investment, operation management, asset mergers and acquisitions, and non-performing asset disposal. CEO Stanley He expressed confidence that Mr. Xu's experience will accelerate the company's real estate business expansion and improve operational goals, particularly in light of the perceived opportune timing for global real estate investment and the potential for digital technology to enhance real estate operations.
Dunxin Financial Holdings (NYSE American: DXF) announced on September 23, 2024, that it received a notice of delisting from NYSE American on September 17, 2024. The Exchange suspended trading of Dunxin's ADS and initiated delisting proceedings due to the low selling price of the company's ADS, citing Section 1003(f)(v) of the NYSE American Company Guide.
Dunxin plans to appeal the decision to the Exchange's Listing Qualifications Panel, although success is not guaranteed. The company's ADS began trading under the symbol DXFFY on the OTC Pink market on September 18, 2024.
CEO Longwen (Stanley) He stated that following a successful business restructuring, the company's operational management and financial health are strong, with new ventures already contributing to revenue. Management remains confident in future growth and is committed to cooperating with the Exchange during the appeal process.
Dunxin Financial Holdings (NYSE American: DXF) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2023, with the SEC. The filing was completed on May 16, 2024. The report contains audited consolidated financial statements with a going concern emphasis of matter paragraph from the independent registered public accounting firm. This announcement is made in compliance with NYSE American Company Guide Section 610(b). The annual report is available on the SEC's website and Dunxin's investor relations website. Shareholders and ADS holders can request a hard copy free of charge from the company's IR department.
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