China Keli Announces Bridge Loan and Proposed Sale of Shares by Control Block Holders
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2020) - China Keli Electric Company Ltd. (TSXV: ZKL.H) (the "Company"), announces today that it has entered into a $200,000 bridge loan (the "Loan"). The Loan bears interest at 2.5% per month, and matures on February 28, 2021. If the Loan is not repaid on maturity, the lender may, at their option, and subject to NEX approval, convert the amounts outstanding under the Loan into common shares of the Company at...
2020-12-02 6:12 PM EST
China Keli Announces Results of Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2019) - China Keli Electric Company Ltd. (TSXV: ZKL.H) (the "Company") announces today the results of its annual general meeting (the "Meeting"), which was originally scheduled to be held on March 14, 2019, but later adjourned pending the revocation of the outstanding cease trade order against the Company.At the Meeting, the Company conditionally elected Sou Wa Wong, Sean Webster and Dan Placzek as the new directors of the Company. Their...
2019-06-18 5:00 PM EDT
China Keli Announces Further Adjournment of Annual General Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2019) - China Keli Electric Company Ltd. (NEX: ZKL.H) (the "Company") announces today a further adjournment of the annual general and special meeting of shareholders, (the "Meeting") originally scheduled to be held at 4:30pm on Thursday, March 14, 2019, to 5:30pm on Thursday June 13, 2019.The Company is currently under a cease trade order, and has applied to the British Columbia Securities Commission for the revocation of the...
2019-04-15 2:05 PM EDT
China Keli Announces Adjournment of Annual General Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - China Keli Electric Company Ltd. (TSXV: ZKL.H) (the "Company") announces today an adjournment of the annual general and special meeting of shareholders, originally scheduled to be held at 4:30pm on Thursday, March 14, 2019, to 5:30pm on April 11, 2019.The Company is currently under a cease trade order, and the new nominees for election to the board of directors of the Company have proposed that the Company apply to the...
2019-03-19 2:11 PM EDT
China Keli Announces Q1 2019 Results with Quarterly Year-over-Year Revenue Down by 54.4% and Turnaround Profit of $245,413 Recorded
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2019) - China Keli Electric Co., Ltd. (TSXV: ZKL) ("Keli" or the "Company") today announced the financial and operating results for the three months ended July 31, 2018.For the three months ended July 31, 2018 ("Q1 2019"), total revenue was $2,504,954, a decrease of 54.4% over Q1 2018 of $5,489,677, caused by the decrease of sales of products revenue. Gross profit in Q1 2019 was $956,697 representing 38.2% of revenue which decreased...
2019-03-13 4:15 PM EDT
China Keli Announces FY 2018 Results with Revenue Increase of 2.6% and Loss Expanded to $9,161,089
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2019) - China Keli Electric Co., Ltd. (TSXV: ZKL.H) ("Keli" or the "Company") today announced the financial and operating results for the year ended April 30, 2018.For the year ended April 30, 2018 ("FY2018"), total revenue was $11,263,486 an increase of 2.6% over FY2017 of $10,977,609, which was attributable to the increase of $832,348 in sales of products and the decrease of $546,471 in installation service. Gross profit in FY2018 was...
2019-03-12 4:23 PM EDT
China Keli Announces Completion of the Sale of its Business
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today the completion of the sale of its wholly owned subsidiary Creative Grace Limited ("Creative Grace") to Amax Deluxe Limited, for $120,000 (the "Sale Transaction"). Creative Grace wholly owns Zhuhai Keli Electronic Co., Ltd. and Zhuhai Qunhui Electronic Equipment Co., Ltd., the Company's operating subsidiaries in China. As a result, the transaction...
2018-10-29 9:26 AM EDT
China Keli Announces Fourth Update of Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today a fourth update on the status of the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the "Annual Filings"). Due to the location of the Company's business operations in China, the change in the Company's auditors from...
2018-10-23 4:45 PM EDT
China Keli Announces Third Update of Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today a third update on the status of the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the "Annual Filings"). Due to the location of the Company's business operations in China, the change in the Company's auditors from...
2018-10-13 6:54 PM EDT
China Keli Announces Second Update of Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today an update on the status of the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the "Annual Filings"). Due to the location of the Company's business operations in China, the change in the Company's auditors from Kreston...
2018-09-26 4:45 PM EDT
China Keli Announces Update of Delay in Filing Annual Financial Statements and Sale of Creative Grace Limited
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today an update on the status of the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the "Annual Filings"). Due to the location of the Company's business operations in China, the change in the Company's auditors from Kreston...
2018-09-11 4:45 PM EDT
China Keli Announces Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announced today a delay of the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the "Annual Filings"). Due to the location of the Company's business operations in China, the change in the Company's auditors from Kreston GTA LLP to K.R....
2018-08-29 4:45 PM EDT
China Keli Announces Sale of Business
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today the sale of its wholly owned subsidiary Creative Grace Limited ("Creative Grace") to Amax Deluxe Limited ("Amax"), for $120,000. Creative Grace wholly owns Zhuhai Keli Electronic Co., Ltd. and Zhuhai Qunhui Eletronic Equipment Co., Ltd., the Company's operating subsidiaries in China. As a result, the transaction will result in the sale of the Company's...
2018-07-25 6:55 PM EDT
China Keli Announces Q3 2018 Results
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2018) - China Keli Electric Co., Ltd. (TSXV: ZKL) ("Keli" or the "Company") today announced the financial and operating results for the three months and nine months ended January 31, 2018. For the three months ended January 31, 2018 ("Q3 2018"), total revenue was $1,731,627, a decrease of 28% over the three months ended January 31, 2017 ("Q3 2017") of $2,407,679, caused by the decrease in revenue from products sales and installation...
2018-03-31 4:42 PM EDT
China Keli Announces No Material Change
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company") is issuing this press release in response to a request by the Investment Industry Regulatory Organization of Canada ("IIROC") to comment on recent trading activity of its stock.The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time. At the Company's annual general meeting held...
2018-02-09 9:19 PM EST
China Keli Announces Lapse of Proposed Going Private Transaction
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2018) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today of the expiry of the closing deadline of the proposed amalgamation with 1062560 BC Ltd., a corporation controlled by Sou Wa Wong, and the subsequent redemption of the preferred shares to be exchanged for the Company's common shares held by existing shareholders of the Company, other than those held by Ms. Wong and Lou Meng Cheong (collectively, the...
2018-01-24 9:09 PM EST
China Keli Announces Q2 2018 Results
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2018) - China Keli Electric Co., Ltd. (TSXV: ZKL) ("Keli" or the "Company") today announced the financial and operating results for the three months ended October 31, 2017. For the three months ended October 31, 2017 ("Q2 2018"), total revenue was $1,901,321, a decrease of 39.9% over Q2 2017 of $3,165,996, caused by the decrease in revenue from products sales. Gross profit in Q2 2018 was $554,135 representing 29.1% of revenue which...
2018-01-02 4:30 PM EST
China Keli Announces Q1 2018 Results
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2017) - China Keli Electric Co., Ltd. (TSXV: ZKL) ("Keli" or the "Company") today announced the financial and operating results for the three months ended July 31, 2017. For the three months ended July 31, 2017 ("Q1 2018"), total revenue was $5,489,677, an increase of 52.2% over Q1 2017 of $3,606,267, caused by the increase in revenue from products sales. Gross profit in Q1 2018 was $1,208,070 representing 22.0% of revenue which...
2017-10-31 5:00 PM EDT
China Keli Announces FY 2017 Results with Revenue Decline of 36.9% and a Loss Recorded of $6,269,697
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2017) - China Keli Electric Co., Ltd. (TSXV: ZKL) ("Keli" or the "Company") today announced the financial and operating results for the year ended April 30, 2017. For the year ended April 30, 2017 ("FY2017"), total revenue was $10,977,609 a decrease of 36.9% over FY2016 of $17,394,467, which was attributable to the decrease in sales of products and installation service. Gross profit in FY2017 was $3,572,299 representing 32.5% of...
2017-10-29 4:39 PM EDT
China Keli Announces Fourth Update of Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - China Keli Electric Company Ltd. (TSXV: ZKL) (the "Company"), announces today a further update on the status of the the filing of its annual financial statements, management's discussion and analysis, and the related officer certifications for the financial year ended April 30, 2017 (collectively, the "Annual Filings"). At this time, the audit is complete, and the Company expects to file the Annual Filings pending the approval...
2017-10-26 5:44 AM EDT