Welcome to our dedicated page for Pintec Technology Holdings news (Ticker: PT), a resource for investors and traders seeking the latest updates and insights on Pintec Technology Holdings stock.
J and Friends Holdings Limited, formerly Pintec Technology Holdings Limited, reports company developments as a foreign issuer with American depositary shares and a Nasdaq ticker history from PT to JF. Its recurring updates cover technology-enabled financial and digital services for micro, small and medium enterprises, shareholder meetings, governance changes, material agreements and corporate name-change matters.
Company news also includes operating and financial updates, including unaudited results, and subsidiary developments involving ZIITECH PTY LTD, a fintech business associated with point-of-sale innovation, big-data tools and AI-enabled decision-making products for enterprises.
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Pintec Technology Holdings Limited (Nasdaq: PT) held its extraordinary general meeting (EGM) on May 7, 2021. Key resolutions included a change in authorized share capital to $250,000, divided into 2 billion shares at a par value of $0.000125 each. This included 750 million Class A shares and 250 million Class B shares. Additionally, the Company's Fourth Amended and Restated Memorandum and Articles of Association were replaced with a Fifth Amended version.
Pintec Technology Holdings Limited (Nasdaq: PT) announced a change in the venue for its extraordinary general meeting (EGM) scheduled for May 7, 2021, at 10:00 a.m. local time. The new location is Building 7, No.55 Longhua Avenue, Daxing District, Beijing. Pintec is a key technology platform in China, connecting business and financial partners for efficient financial services, including digital lending and wealth management.
Pintec Technology Holdings Limited (NASDAQ: PT) reported a 70.6% decline in total revenues for 2020, amounting to RMB378.3 million (US$58.0 million), compared to RMB1,285.2 million in 2019. The company also experienced a gross profit drop to RMB92.5 million (US$14.2 million) with a gross margin of 24.5%. Operating loss was RMB206.8 million (US$31.7 million), significantly reduced from RMB728.4 million in 2019. Net loss decreased to RMB296.1 million (US$45.4 million). The company aims to pivot towards digital technical services and pursue strategic acquisitions for future growth.
Pintec Technology Holdings Limited (Nasdaq: PT) has announced its plan to acquire Shenzhen Jishengtai Technology Co. Ltd, a securities technology firm. This acquisition aims to enhance Pintec's fully digitized securities brokerage services through Jishengtai's innovative Broker Supplied System. Pintec will issue between 38,098,200 to 45,098,200 non-voting shares as consideration, contingent on performance targets. The deal is expected to be neutral to accretive to Pintec's non-GAAP earnings per share in the first full fiscal year after closing, driving growth in wealth management services.
Pintec Technology Holdings Limited (NASDAQ: PT) will announce its unaudited financial results for the fiscal year ending December 31, 2020, before the U.S. market opens on April 14, 2021. An earnings conference call is scheduled for 8:00 A.M. Eastern Time the same day. Participants can access the call via toll-free numbers or international dial-in options. PINTEC is a tech platform facilitating financial services in China, offering partners customized solutions across various sectors including loans and insurance.
Pintec Technology Holdings Limited (Nasdaq: PT) has announced an extraordinary general meeting (EGM) for shareholders on May 7, 2021. The meeting aims to discuss two key proposals: changing the authorized share capital to US$250,000 divided into 2 billion shares and amending the company's Memorandum and Articles of Association. The record date for voting eligibility is April 7, 2021. The Board recommends shareholders vote FOR the proposals, which will enable further financial structuring and governance adjustments.
Pintec Technology Holdings Ltd. (NASDAQ: PT) announced a partnership with China Mobile's subsidiary, Aspire Holdings, to develop advanced fintech solutions utilizing Pintec's expertise in big data analytics and AI technology. This collaboration aims to integrate financial services into Aspire's operations, leveraging Pintec's capabilities in credit risk modeling and digital financial services. Pintec's CEO highlighted the company's extensive experience with major telecoms in China, positioning it well to support Aspire's digital transformation in the 5G era.
Pintec Technology Holdings Limited (Nasdaq: PT) announced the completion of an equity transfer agreement, with a total consideration of RMB400,000,000 for 100% outstanding equity interests in Yinchuan Chuanxi Technology Co., Ltd. The transaction closed on October 22, 2020. The Transferee, a wholly-owned subsidiary, will repay the full consideration within 20 days after the third anniversary of the closing date. A warrant for 320,036,576 shares is issued to the Transferor, providing a potential premium. The funds will support digital technology investments and enhance financial flexibility.
Pintec Technology Holdings Limited (Nasdaq: PT) conducted its extraordinary general meeting on September 25, 2020. Shareholders approved an increase in authorized share capital to US$250,000, consisting of 2 billion shares with par values of US$0.000125. The revised structure includes 1.75 billion Class A ordinary shares and 250 million Class B ordinary shares. Furthermore, a special resolution was passed to amend the company's memorandum and articles of association, replacing the existing document with an updated version.