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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM6-K
Report of foreign private issuer
pursuant to Rule13a-16 or15d-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 Form20-F or Form40-F.
☒ Form20-F ☐ Form40-F
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-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 Rule12g3-2(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 Rule12g3-2(b):82- .
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CHINA ENTERPRISES LIMITED
PRESS RELEASE OF UNAUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2018
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Exhibit 99.1
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
Year ended December 31, 2018 | Year ended December 31, 2017 | |||
Revenue | Nil | Nil | ||
Operating loss | Rmb(2.3M) | Rmb(2.2M) | ||
(Loss) Profit before income tax | Rmb(6.6M) | Rmb6.5M | ||
Net (loss) income | Rmb(6.6M) | Rmb6.5M | ||
(Loss) Earnings per common share | Rmb(0.74) | Rmb0.73 |
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.
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For more information, please contact:
Hong Kong | New York | |
China Enterprises Limited | Pristine Advisers | |
Tel: (852) 3151 0300 | Tel: (631)756-2486 | |
Fax: (852) 2542 0298 | Fax: (646)478-9415 |