Liuyang Fireworks Limited Announces Completion of Privatization
Toronto, Ontario--(Newsfile Corp. - September 29, 2015) - Liuyang Fireworks Limited (TSXV: FWK) (the "Company") announces that its going private transaction by way of share consolidation and share purchase was completed on September 29, 2015. The Company has paid the cash consideration of CAN$0.048 per common share (pre-consolidated basis) to Valiant Trust Company, as agent, for the registered shareholders. The purchased common shares are deemed to be repurchased and cancelled, and the rights...
2015-09-29 7:00 PM EDT
Liuyang Fireworks Limited Announces Steps Towards Privatization
Toronto, Ontario--(Newsfile Corp. - September 25, 2015) - Liuyang Fireworks Limited (TSXV: FWK) (the "Company") announces that, at the meeting of the Company's shareholders held on September 18, 2015 (the "Meeting"), the shareholders approved the amendments to the Company's bye-laws and the share consolidation in furtherance of a going private transaction involving a share purchase by the Company (the "Transaction"). In addition, on September 25, 2015, the Company entered into an agreement...
2015-09-25 7:00 PM EDT
IIROC Trade Halt - Liuyang Fireworks Limited
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2015) - The following issues have been halted by IIROC: Company:
2015-09-14 4:05 PM EDT
Liuyang Fireworks Limited Announces Upcoming Trading Halt Pending Special Meeting and Privatization
Toronto, Ontario--(Newsfile Corp. - September 11, 2015) - Liuyang Fireworks Limited (TSXV: FWK) (the "Company") announced that in connection with its special meeting of shareholders that is scheduled to be held on Friday September 18, 2015 at 10:00 a.m. (Vancouver time) (the "Meeting") the Company will request a halt on the trading of its common shares on the TSX Venture Exchange (the "TSX-V") effective after market close of September 14, 2015 pending the announcement of the Meeting results...
2015-09-11 7:00 PM EDT
Liuyang Fireworks Limited Enters into Agreement to be Taken Private at $0.048 per Share in Cash
Toronto, Ontario--(Newsfile Corp. - August 18, 2015) - Liuyang Fireworks Limited (TSXV: FWK) (the "Company") announced that the Company and Great Exploits Development Limited ("Great Exploits"), Better Invention Overseas Limited ("Better Invention") and Bay Tree Enterprises Limited ("Bay Tree" and together with Great Exploits and Better Invention, the "Offerors") have entered into an agreement (the "Agreement") pursuant to which the Offerors will become the remaining shareholders of the...
2015-08-18 6:00 PM EDT
Liuyang Fireworks Reports Third Quarter Financial Results
Toronto, Ontario--(Newsfile Corp. - June 1, 2015) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or "the Company") today announced financial results for its third quarter and first nine months ended March 31, 2015. All amounts are in Canadian dollars unless otherwise indicated. Highlights for the Third quarter: International sales of the Company's firework products were lower but offset by increases in domestic sales into China. As a result, total sales is on par with the same quarter of...
2015-06-01 9:10 PM EDT
Liuyang Fireworks Receives Proposal to Privatize
Toronto, Ontario--(Newsfile Corp. - May 11, 2015) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or the "Company") announced that its board of directors has received an unsolicited non-binding proposal from Great Exploits Development Limited ("Great Exploits"), Better Invention Overseas Limited ("Better Invention") and Bay Tree Enterprises Limited ("Bay Tree", together with Great Exploits and Better Invention, the "Offerors") to acquire all of the outstanding common shares of the Company...
2015-05-11 9:00 PM EDT
Liuyang Fireworks Reports Improved Second Quarter Financial Results
Toronto, Ontario--(Newsfile Corp. - March 2, 2015) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or "the Company") today announced financial results for its second quarter and first six months ended December 31, 2014. All amounts are in Canadian dollars unless otherwise indicated. Highlights for the second quarter: Stronger international and domestic sales resulted in improved financial performance in the second quarter; Revenues were $5.3 million representing a 16.5% improvement over...
2015-03-02 8:00 PM EST
Liuyang Fireworks Reports First Quarter Results
Toronto, Ontario--(Newsfile Corp. - December 2, 2014) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or "the Company") today announced financial results for its first quarter ended September 30, 2014. All amounts are in Canadian dollars unless otherwise indicated. Highlights for the first quarter: During the quarter ended September 30, 2014 the Company experienced a, government imposed plant closure for 40 days due to extremely hot weather conditions. As a result the Company was forced to...
2014-12-02 7:00 AM EST
Liuyang Fireworks Reports Year End Financial Results for Fiscal 2014
Toronto, Ontario--(Newsfile Corp. - October 30, 2014) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or "the Company") today reported its financial results for the three- and 12-month periods ended June 30, 2014. All amounts are in Canadian dollars unless otherwise indicated. Fiscal 2014 Highlights: Despite international sales growth of 12.9%, total revenue declined 15.8% to $15.27 million; Gross margin decreased to 35.5% of sales from 37.25% of sales revenue in fiscal 2013; Net loss...
2014-10-30 6:00 PM EDT
Liuyang Announces Resignation of Board Director
Toronto, Ontario--(Newsfile Corp. - June 2, 2014) - Liuyang Fireworks Limited (TSXV: FWK) (Liuyang) announces the resignation of Peng Peng from the position as COO and director. Peng Peng has served as a Director of Liuyang since 2009. Mr. Peng Peng is resigning this board position for personal reasons. Mr. Miao Hu, Liuyang President and CEO stated that, "We thank Peng Peng for his contribution and service to the Company and its shareholders. We wish him the best of luck in the future." About...
2014-06-02 7:00 AM EDT
Liuyang Fireworks Reports Third Quarter Results; Remains Profitable Despite Challenging Chinese Market
Toronto, Ontario--(Newsfile Corp. - May 30, 2014) - Liuyang Fireworks Limited (TSXV: FWK) (Liuyang) today announced financial results for its third quarter and nine months ended March 31, 2014. Highlights for the third quarter: Sales of the Company’s firework products were lower as a result of a weaker domestic Chinese sales due to a depressed general economy, and from concerns over poor air quality in major cities in China; During the third quarter ended March 31, 2014 revenues declined by...
2014-05-30 1:00 PM EDT
Liuyang Fireworks Reports Second Quarter Financial Results
Toronto, Ontario--(Newsfile Corp. - March 3, 2014) - Liuyang Fireworks Limited (TSXV: FWK) ("Liuyang" or "the Company") today announced financial results for its second quarter and first six months ended December 31, 2013. All amounts are in Canadian dollars unless otherwise indicated. Highlights for the second quarter: Sales of the Company's firework products were lower as a result of a weaker Chinese economy, and from concerns over poor air quality in major cities in China; During the...
2014-03-03 8:00 AM EST
IIROC Trade Resumption - Liuyang Fireworks Limited
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2013) - Trading resumes in: Company: Liuyang Fireworks Limited
2013-12-02 4:09 PM EST