Kada Technology Holdings Limited, a well established Chinese provider of components and devices for the IT industry and consumer electronics, announces on the 5th July the commencement of dealings of its issued 57,956,840 Ordinary Shares on the AIM Market of the London Stock Exchange. finnCap is acting as Nominated Adviser and as Broker to the Company. The stock market EPIC will be KADA.L and the Company's market capitalisation is expected to be £103 million on Admission.
The Company achieved profit before tax of US$13.6 million in the year ended 31 December 2011 and has joined AIM to increase its profile in anticipation of further expansion in the Wireless Media Business.
Board Change
RNS
RNS Number : 5963V
Kada Technology Holdings
16 January 2013
Press Release
16 January 2013
Kada Technology Holdings Limited
("Kada", the "Company" or the "Group")
Board Change
Kada Technology Holdings Limited (AIM:KADA), the China-based provider of components and devices for the IT industry and consumer electronics, today announces that due to personal reasons Lee Kheng Yam will step down from his position as Chief Financial Officer and as a director of Company with effect from 31 January 2013. Mr. Lee was an instrumental part of the team that achieved admission of Kada's shares to trading on AIM and the management would like to thank Mr. Lee for his efforts during his time with the Group. Mr. Lee's functions will be subsumed by two new financial controllers employed by the Group in both China and Hong Kong.
As detailed in the announcement of 30 October 2012, management expects that revenue for the year to 31 December 2012 will have increased year on year. Profit before tax is anticipated to be US$10 million.