BNN Technology Share Discussion Threads

[snowyflake] 28/10/2016 16:10

petemac - I am struggling to find a quote for xinhuanet. Can you help in some way please.

[ripplevale] 28/10/2016 14:21

This listing on NASDAQ will generate interest and a share price adjustment as it hits the screens in the next month or two before the IPO. It will take time to become widely known but roadshows will be well-attended if Jeffries does its work properly.

There can be optimism that the offer will be well received in the US as there is no peer that has the exposure to a government backed IT venture on such a huge scale.

Also nice to see the XH float going well.

Will be hugely informative for all to review the submission

[shutittrev] 28/10/2016 13:59

This says it all:

Topazfrenzy is a daft bint.

ENDS

[gaga9] 28/10/2016 13:50

I suspect that there will be further significant news to follow in the next few weeks ..... next stop £2 IMHO

[micktheknife] 28/10/2016 13:16

Nasdaq is not new news it was already priced in. The only surprise would have been if it didn't happen so wouldn't have thought share price should move.

[topazfrenzy] 28/10/2016 13:16

This says it all:

"Shareholders and potential investors should note that the potential Offering may or may not proceed, and accordingly are advised to exercise caution when dealing in the securities of BNN Technology plc.

- ENDS -"

[tbrock2] 28/10/2016 13:03

Probably tied up dealing with Hadron and Henderson's solicitors for all the rubbish she was talking.

[midas 123] 28/10/2016 13:00

I agree with you and11

Lets see if these new PR guys are up to the job and get some positive weekend press!

I miss topazfrenzy wonder if he/she will be back soon.

[and11] 28/10/2016 12:52

Like you I'm a little puzzled why the share price hadn't broken through the 1.50 today.. maybe because its a Friday & maybe the wider audience hasn't seen today's news.. anyway IMHO it's only a matter of time before this moves & moves quickly

[newmanontheblock] 28/10/2016 12:37

Good timing for the latest RNS. I am sure there will be further announcements within the next couple of weeks about October Revenues etc, which should set up the roadshows nicely - if all goes to plan. Been looking at the trades today. Whilst volume seems quite good, still cannot believe why the share price has not moved higher. Anyone have any insight into today's action?

[and11] 28/10/2016 12:11

Yes great news today! Plenty of good posts today & this IMHO now opens the doors for an interesting number of weeks with news flow as we head towards the listing...GLA

[ripplevale] 28/10/2016 11:25

This is excellent news because it demonstrates that they are confident of satisfying the rigorous regulatory hurdles of a NASDAQ application and the US roadshows. Further news soon.

[charlesdarcy] 28/10/2016 11:06

Great posts everyone thanks for the info , looking good and exciting news before end of year now ( imo )

All quite from the Halloween Queen 🤔👍

[nurdin] 28/10/2016 10:47

Also their revenue flow must be looking pretty healthy for them to file the application before the month is over.I was expecting them to wait a bit longer to strengthen their case with revenue numbers.

[rampair] 28/10/2016 08:36

It all looks positive- that's good news, I did think they had 400 employees at BNN?
I suppose they haven't included the " non" professional staff ! ( every company has some...!)

Still, at last, the process is moving forward.
R.

[snowyflake] 28/10/2016 08:06

Thank you petemac for posting that news.

[mr roper] 28/10/2016 08:04

next leg up starting and it'll be a biggie imho

[petemac42] 28/10/2016 08:03

hxxp://www.xinhuanet.com/english/

Xinhuanet Co., Ltd. debuts on Shanghai bourse on Friday with its shares surging to a trade suspension immediately after opening. (Xinhuanet)

BEIJING, Oct. 28 (Xinhua) -- Xinhuanet Co., Ltd. debuted on the Shanghai Stock Exchange on Friday with its shares surging to a trade suspension immediately after opening.

Xinhuanet.com, the website of China's official news wire Xinhua News Agency, rose 43.99 percent to 39.87 yuan (5.88 U.S. dollars) per share, boosted by huge orders on the Shanghai Stock Exchange.

A total of 51.9 million shares became available on the market after the IPO, accounting for a quarter of the company's total capitalization.

Xinhua News Agency holds more than 80 percent of the shares.

According to the company's prospectus, it plans to use the funds raised to expand its multi-media business, cloud services, mobile Internet services, and online education.

Xinhuanet will continue to integrate technology, capital and talent into its media business in the future to speed up the drive toward a world-class Internet culture company, Xinhuanet chairman Tian Shubin said.

Thanks to the rapidly-growing business in information services and mobile networks, Xinhuanet has witnessed rising net profits in the past three years, from 167 million yuan in 2013 to 261 million yuan last year. In the first half of 2016, net profits stood at 102 million yuan.

The website generally ranks about 70th globally in terms of annual traffic data, according to Alexa Internet, a California-based Internet information provider. Its highest ever daily ranking was 25th.

The news website got the green light for the IPO a month ago after years of waiting.

It initially applied for an IPO in early 2013, but the procedure was suspended as the CSRC halted approval of new stock listings. Another application was submitted in mid-2014 after the approval process resumed.

Xinhuanet is the second state media outlet to go public. People.cn, the website of the People's Daily, listed in early 2012.

[mr roper] 28/10/2016 07:41

onwards and upwards...

[fafa48] 28/10/2016 07:38

28 October 2016

BNN Technology plc

BNN Technology Announces Formal Process for Potential Nasdaq Stock Market Listing Has Begun

BNN Technology plc ("BNN" or the "Company"), a Chinese technology, content and services company, publicly listed on the London Stock Exchange's AIM market (AIM:BNN), announces that it has submitted an initial application to list its American Depositary Shares ("ADSs") on the Nasdaq stock market. Trading in the Company's shares on AIM is not affected in any way by this filing.

Darren Mercer, Chief Executive of BNN Technology, said:

"We are delighted to have begun the Nasdaq listing application process that initiates the formal process towards our potential future Nasdaq listing. Whilst we are in the hands of the Nasdaq listing team in terms of next steps, we are aiming to expedite the process as quickly as possible."

- ENDS -

[trustthedj] 28/10/2016 07:38

Nasdaq application for listing is now announced
BNN Technology PLC Alert
You've requested that we send you email alerts on announcements made by or referring to BNN Technology PLC (BNN).
Please note there has just been an announcement.

Announcement of formal process for Nasdaq listing
www.investegate.co.uk/article.aspx?id=201610280703097144N&fe=1

[snowyflake] 28/10/2016 07:37

I am a little surprised in that I had hoped to see other hinted news announced before today's announcement.

Irrespective of that comment, the news is welcome.

[midas 123] 28/10/2016 07:08

Regulatory Story
Go to market news section View chart Print
RNS BNN Technology PLC - BNN
Announcement of F-1 submission
Released 07:00 28-Oct-2016


RNS Number : 7143N
BNN Technology PLC
28 October 2016


28 October 2016

BNN Technology plc

BNN Technology Announces Confidential Submission of Draft Registration Statement to the U.S. Securities and Exchange Commission

BNN Technology plc ("BNN" or the "Company"), a Chinese technology, content and services company, publicly listed on the London Stock Exchange's AIM market (AIM:BNN), announces that it has confidentially submitted a draft registration statement on Form F-1 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC") in relation to plans to register American Depositary Shares ("ADSs"), representing our ordinary shares, for sale by selling shareholders ("the Offering").

The number of ADSs proposed to be offered and sold has not yet been determined. The Offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy ADSs or any other securities, nor shall there be any sale of ADSs in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Shareholders and potential investors should note that the potential Offering may or may not proceed, and accordingly are advised to exercise caution when dealing in the securities of BNN Technology plc.

- ENDS -



For further information, please contact:

BNN Technology plc
[phone]
Darren Mercer, Chief Executive
Scott Kennedy, Chief Financial Officer
Stephen Benzikie, Communications


Brunswick Group (Public Relations)
[phone]
Brian Buckley / Diana Vaughton



Strand Hanson Limited (Nominated & Financial Adviser)
[phone]
Andrew Emmott / Ritchie Balmer

Mirabaud Securities LLP (Broker)
Peter Krens




[phone]
About the Group

BNN Technology plc is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.

Listed on AIM since 2014 the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and, developing digital content, both online and mobile. Through its partnership with Xinhuatong, BNN facilitates mobile payments and other key services on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.

The Group employs nearly 300 professionals throughout China.



Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties, including statements regarding the proposed Offering. Actual results may differ materially from those projected or implied. More information about potential factors that could affect BNN Technology's business and financial results is contained in the draft Registration Statement filed with the SEC. Any forward-looking statement made by BNN Technology herein, or elsewhere, speaks only as of the date on which such statement is made. BNN Technology does not intend, and undertakes no duty, to update any forward-looking statements after the date hereof to reflect future events or circumstances.


This information is provided by RNS
The company news service from the London Stock Exchange

[ayesha4] 27/10/2016 23:15

Jeffries are heavyweight. Lets just see how things pan out. We will get some proper timeframes in November.