Report of Foreign Issuer (6-k)
April 16 2019 - 4:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
Report of
foreign private issuer
pursuant to Rule
13a-16
or
15d-16
of the Securities Exchange Act of 1934.
For the Month of April, 2019
Commission File Number:
001-12126
CHINA ENTERPRISES LIMITED
(Exact name of registrant as specified in its charter)
Unit 703,
7/F., 1063 King’s Road, Quarry Bay, Hong Kong
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
☒ Form
20-F ☐ Form
40-F
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of 1934.
☐ Yes ☒ No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-
.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: April 16, 2019
CHINA ENTERPRISES LIMITED
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By:
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/s/ Yap, Allan
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Name:
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Yap, Allan
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Title:
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Chairman
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Exhibit 99.1
CHINA ENTERPRISES LIMITED
PRESS RELEASE
HONG KONG, CHINA, April 16,
2019 - The Board of Directors of the Company announced the following financial information for the year ended December 31, 2018: -
UNAUDITED
CONSOLIDATED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2018
Financial Highlights
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Year ended
December 31, 2018
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Year ended
December 31, 2017
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Revenue
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Nil
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Nil
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Operating loss
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Rmb(2.3M)
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Rmb(2.2M)
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(Loss) Profit before income tax
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Rmb(6.6M)
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Rmb6.5M
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Net (loss) income
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Rmb(6.6M)
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Rmb6.5M
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(Loss) Earnings per common share
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Rmb(0.74)
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Rmb0.73
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The Company does not have an operating subsidiary up to the date of this press release, and the Company is actively seeking
new opportunities with respect to its business.
The Rmb2.3 million loss from operating activities represented the general and administrative
expenses incurred for the year ended December 31, 2018. General and administrative expenses were comprised of expenditures for personnel and administrative functions, including accounting, information technology, human resources, legal and
administration. The general and administrative expenses in 2017 were Rmb2.2 million.
Apart from the general and administrative expenses of
Rmb2.3 million, components of net loss of Rmb6.6 million for the year ended December 31, 2018 were interest income of Rmb5.4 million, and gain on dissolution of subsidiaries of Rmb1.3 million, offset by net realized loss on
investments of Rmb1.8 million, unrealized loss on marketable securities of Rmb8.4 million, and interest expense of Rmb0.8 million.
The
Company presently anticipates that it will hold its forthcoming Annual General Meeting in Hong Kong as soon as practicable in 2019.
***End***
For more information, please contact:
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Hong Kong
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New York
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China Enterprises Limited
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Pristine Advisers
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Tel: (852) 3151 0300
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Tel: (631)
756-2486
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Fax: (852) 2542 0298
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Fax: (646)
478-9415
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