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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ztc Tele. | ZTC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.75 | 2.75 |
| Top Posts |
|---|
Posted at 02/6/2009 03:09 by zangdook ZTC is now CEVO |
Posted at 05/3/2009 11:25 by roderick montrose smythe RNS Number : 5813KZTC Telecommunications plc 22 December 2008 22 December 2008 ZTC Telecommunications Plc ('ZTC' or 'Company') Removal of a director and update The Board of ZTC Telecommunications Plc (AIM: ZTC) announces further information following the previously announced disappearance of Mr Chaohui (aka Charles) Huang, CEO and majority shareholder of the Company. Removal of a director Following the disappearance of Charles Huang, the Board of ZTC has resolved (in accordance with the Company's articles of association) to effect his removal from the Board with immediate effect. The Board has also taken steps to terminate Mr Huang's service agreement with the Company with immediate effect. Update Although the Board has not yet concluded its investigations, it seems increasingly unlikely that the Company's business in China will be able to resume trading and, as such, the ability to realise net assets for the benefit of shareholders may be difficult. It is possible therefore, given potentially long recovery procedures, a deteriorating economy and limited resources, that the Chinese and Hong Kong subsidiaries of ZTC may have negligible recoverable value. To the best of the knowledge and belief of the Board, ZTC Telecommunications Plc, the group's AIM-listed holding company, has no guarantees or cross guarantees with its subsidiary companies. The Board, however, cannot exclude the possibility that the Company's former CEO has entered into obligations ostensibly on behalf of ZTC and, accordingly, there may be 3rd party claims of which the Board is currently unaware. The Board can confirm that to date it has not been notified of any such 3rd party claims. Nevertheless, ZTC has a small cash balance and is able to meet its obligations in the short term. The Board is considering a number of options for the Company which include seeking to refinance it with equity and/or loans to allow it time to seek a new business to acquire (a reverse takeover under the AIM Rules), or to complete either a members' voluntary or creditors' winding up. No decisions in this regard have yet been reached. The Board is also reviewing whether an EGM of the Company should be convened pursuant to section 656 of the Companies Act 2006 ('duty of directors to call meeting on serious loss of capital') to consider whether any, and if so what, steps should be taken to deal with the current situation but has not yet reached any firm conclusions. Should the Board determine that a members' voluntary or creditors' winding up should be completed, it is unlikely that the Company will go to the expense of publishing its annual accounts for the year ended 30 June 2008 or hold its 2008 AGM before 31 January 2009, as it is required to do under the Companies Act 2006. Should a refinancing be decided on as the best way to preserve some shareholder value, the Company will publish its annual accounts for the year ended 30 June 2008 and hold its 2008 AGM as soon as possible. Further, it is very likely that existing shareholders will suffer dilution should a significant number of shares be issued to the provider(s) of such finance. Further, it is unlikely that shares will be offered widely to shareholders for reasons of the significant regulatory costs involved in making such an offer. Nevertheless, the Board has determined that should a share issue be proposed, such an issue would be subject to shareholder approval. The Board is advised that the Company is not currently subject to the UK City Code on Takeovers and Mergers ('Takeover Code') by virtue of the fact that it is managed from abroad, despite its establishment as a company registered in England and Wales. As a result, none of the provisions of the Takeover Code (for example such as the requirement for a shareholder acquiring voting rights in excess of 30% to make a general offer for the Company) will apply. Nevertheless, the approval that would be sought in such an instance (as described earlier) will give shareholders a chance to vote on such an event. The Board hopes that should a refinancing be successful, trading in the Company's shares on AIM will recommence. A further announcement will be made in due course. FOR ENQUIRIES: ZTC Telecommunications plc Mark Syropoulo, Finance Director +86 21 6867 0012 Frank Lewis, Chairman +44 7785 273 111 Fairfax I.S. PLC Nominated Adviser & Broker Adam Hart/Laura Littley +44 20 7598 5368 This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 26/3/2008 07:30 by papalpower Interims out.Caution in the outlook, still looking for funding for working cap imo, placing coming ? . "Outlook ZTC experienced a positive first half year to 31 December 2007. However, the severe winter conditions in China during the early part of 2008 impacted both sales and distribution of handsets in the run-up to the important Chinese New Year holiday. I am pleased to report that, following this disruption, we are now seeing a return to normal trading conditions with sales running at anticipated levels. We have signed our largest distribution agreement so far and, provided we can support the increased levels of working capital required, we are confident that ZTC will continue to be well positioned to take advantage of this growth. While we remain aware of the risks of increasing competition in local markets, the continued acceptance of our recent product launches gives the Board optimism for the full year." |
Posted at 04/2/2008 09:44 by cootuk "The Company's ability to ensure timely fulfilment of this and existing contracts is subject to it securing additional working capital."A new distribution contract, but hinting at fund raising via some means due to capital constraints.... |
Posted at 14/11/2007 18:08 by blank frank ZTC announcement today of a new product launch; share price up 0.5p to 13.75p.14/11/2007 07:03 RNSNON New Product Launch LSE:ZTC Ztc Telecoms Plc This follows the two such announcements in August. 31/08/2007 07:03 RNSNON New Product Release LSE:ZTC Ztc Telecoms Plc 13/08/2007 07:02 RNSNON New Mobile Handset Launched LSE:ZTC Ztc Telecoms Plc |
Posted at 13/11/2007 18:04 by blank frank ZTC ZTC TELECOMMUNICATIONS PLC ORD 10PAs at 13-Nov-2007 17:46:37 13.250 -2.00 -13.11% Bid Offer Volume High Low Last Close 12.50 14.00 195,493 13.50 12.00 13.25 on 13-Nov-2007 Last 5 trades Time/Date Price Volume Trade value Type 16:18:47 13-Nov-2007 13.25 7,547 999.98 Ordinary Trade 16:08:44 13-Nov-2007 13.25 20,000 2,650.00 Ordinary Trade 14:35:26 13-Nov-2007 12.00 30,000 3,600.00 Ordinary Trade 14:02:53 13-Nov-2007 13.50 50,000 6,750.00 Ordinary Trade - Delayed 14:02:00 13-Nov-2007 12.50 75,000 9,375.00 Ordinary Trade - Delayed ZTC's final results later than expected, combined with a falling share price, may not be a good sign. But then again, it doesn't necessarily mean that anything's wrong. It was over five months ago that ZTC said it expected to anounce the results in October, which is plenty of time for some innocent slippage; and I believe that under AIM rules they have until the end of December to announce them. In addition, stockmarkets have been weak recently, and with an illiquid share like ZTC it may not take much selling to depress the price quite a bit. With a market cap. of c. £12.4M., could it perhaps be a bargain? B.F. |
Posted at 29/10/2007 18:33 by blank frank ZTC has fallen half a penny to a new all time closing low today, on two comparatively modest sales:-ZTC ZTC TELECOMMUNICATIONS PLC ORD 10P As at 29-Oct-2007 18:11:56 15.750 -0.50 -3.08% Bid Offer Volume High Low Last Close 14.50 17.00 31,250 16.00 15.00 15.75 on 29-Oct-2007 Last 5 trades Time/Date Price Volume Trade value Type 15:59:05 29-Oct-2007 15.00 25,000 3,750.00 Ordinary Trade 10:51:18 29-Oct-2007 16.00 6,250 1,000.00 Ordinary Trade 11:17:52 24-Oct-2007 15.00 2,296 344.40 Ordinary Trade 13:20:49 19-Oct-2007 16.00 25,000 4,000.00 Ordinary Trade 15:27:31 18-Oct-2007 15.30 5,000 765.00 Ordinary Trade Perhaps due to nervousness that the results may be later than promised. Although I don't think that a week or two later is a sign of anything really wrong. B.F. |
Posted at 26/10/2007 20:00 by blank frank Ztc Telecoms Trading Statement Date : 04/06/2007 @ 07:01 " ... Audited results covering the year ending 30 June 2007, which will incorporate the results of the China operation since acquisition in March 2007 and reflect the non-recurring costs associated with admission to AIM and overheads relating to the Company's previous activity, are expected to be announced in October 2007. ... " Only three more trading days in October left now, so we can perhaps expect the results next week. B.F. |
Posted at 07/5/2007 21:48 by cootuk I found another link to a company who ZTC have outsourced to previously...this company has 500k unit capacity. Perhaps the article got confused with ZTC and the outsourcing?"Shenzhen Phonetech Telecom Equipment Co. Ltd can deliver your GSM phone orders in just two weeks, thanks to 10 automated production lines in our ISO 9001:2000-certified Shenzhen factory. Every month we produce more than 500,000 GPRS-enabled phones with built-in cameras and Simcom chipsets. We release about two feature-packed phone models every month. If you need custom products, we can make them happen, just as we do for top mainland China companies QAOXINQI, BLUESTAR and ZTC. We also provide logo printing, package design and user manual development service" |
Posted at 30/3/2007 17:05 by blank frank There was a small piece on ZTC in yesterday's "Shares" magazine; here are some extracts:-"ZTC Telecoms calls rural China If last week's profit warning from Motorola (MOT:NYSE) is any guide, the global mobile phone market remains as competitive as ever. But ZTC Telecommunications' (ZTC:AIM) focus on the rural areas of its domestic Chinese market means the handset designer and assembler could have found a profitable niche. ... 'We are focussing away from the urban areas, where mobile penetration is high and competition is fierce', explains Executive Director Micheal Lin. ... " "Shares rating": 13 out of 20. |
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