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Eason Technology Limited (symbol: DXF) combines real estate operation management with pioneering digital security solutions, including blockchain technology applications. This news hub provides investors and industry observers with timely updates on the company’s strategic initiatives across both sectors.
Access consolidated reports on earnings announcements, property portfolio developments, and technological innovations in digital asset security. Our repository includes press releases detailing acquisitions, blockchain research milestones, and operational updates from Hong Kong to Hubei Province.
Key coverage areas include real estate investment strategies, intellectual property protection systems, and advancements in secure data transmission technologies. Stay informed about how DXF balances stable cash flow from property assets with growth opportunities in emerging digital markets.
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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.
Dunxin Financial Holdings Limited (NYSE American: DXF) received a deficiency letter from NYSE American on March 6, 2023, due to low trading prices of its ADSs, which violates listing standards. The company must demonstrate sustained price improvement or consider a reverse stock split by September 6, 2023. While the letter does not lead to immediate delisting or impact business operations, Dunxin is actively developing plans to regain compliance within the cure period. The company has suspended loan offerings since 2020 and is exploring Metaverse-related technologies.
Dunxin Financial Holdings Limited (NYSE American: DXF) reported its unaudited financial results for the first six months of 2022, revealing a net profit of RMB60.2 million (US$9.3 million), a 14.9% decrease from the same period in 2021. Total interest income fell by 30% to RMB57.8 million (US$8.9 million), while net interest income dropped 34.5% to RMB47.7 million (US$7.3 million). Loans receivable increased by 13.2% to RMB628.6 million (US$93.8 million), yet the company continues to face liquidity challenges and overdue loan obligations amidst ongoing legal proceedings related to its financial difficulties.
Dunxin Financial Holdings Limited (NYSE American: DXF) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on May 2, 2022. The report includes audited financial statements accessible on the SEC's website and the Company's investor relations site. Dunxin, based in Hubei Province, China, is a licensed microfinance lender but has suspended loan offerings since 2020, focusing instead on exploring Metaverse-related business opportunities. Shareholders can request a hard copy of the report free of charge.
Dunxin Financial Holdings Limited (NYSE MKT: DXF) has announced plans to explore opportunities related to Metaverse technologies, following two years of research. The company aims to establish a Computing Power Investment Fund with a total investment of RMB1 billion in partnership with Fengniao (International) Network Technology. Additionally, Dunxin is collaborating with Wuhan Shumu Equity Investment Fund Management on a digital copyright trading platform. However, the transition from microfinance to Metaverse ventures poses significant risks and uncertainties, particularly due to the evolving nature of technology and the ongoing impact of COVID-19.
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