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Cre8 Enterprise Limited Announces 1-for-12 Reverse Stock Split
Globenewswire· 2026-02-11 12:50
Core Viewpoint - Cre8 Enterprise Limited is implementing a reverse stock split to increase the per share trading price of its Class A Ordinary Shares to meet Nasdaq's minimum bid price requirement of $1.00 for continued listing [5]. Group 1: Reverse Stock Split Details - The reverse stock split will occur at an exchange ratio of one share for twelve shares, reducing the number of outstanding Class A Ordinary Shares from approximately 19,667,500 to about 1,638,959 [3]. - The reverse stock split was approved by the Company's Board of Directors on January 15, 2026 [1]. - The new CUSIP number for the Class A Ordinary Shares post-split will be G2R63D113, and trading will begin on February 13, 2026, under the ticker symbol "CRE" [2]. Group 2: Shareholder Information - Registered shareholders do not need to take any action regarding the reverse stock split, as they will receive book-entry shares instead of physical stock certificates [4]. - Fractional shares resulting from the split will not be issued; instead, they will be rounded up to the next whole number [3]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics [6]. - The company has expanded its offerings to include complementary design services and technological support for disseminating financial reports and announcements [6].
Cre8 Enterprise Limited Announces 1-for-12 Reverse Stock Split
Globenewswire· 2026-02-11 12:50
Core Viewpoint - Cre8 Enterprise Limited is implementing a reverse stock split to increase the per share trading price of its Class A Ordinary Shares to meet Nasdaq's minimum bid price requirement of $1.00 for continued listing [5]. Group 1: Reverse Stock Split Details - The reverse stock split will occur at an exchange ratio of one share for twelve shares, reducing the number of outstanding Class A Ordinary Shares from approximately 19,667,500 to about 1,638,959 [3]. - The reverse stock split was approved by the Company's Board of Directors on January 15, 2026 [1]. - The new CUSIP number for the Class A Ordinary Shares post-split will be G2R63D113, and trading will begin on February 13, 2026, under the ticker symbol "CRE" [2]. Group 2: Shareholder Information - Registered shareholders do not need to take any action regarding the reverse stock split, as they will receive book-entry shares instead of physical stock certificates [4]. - Fractional shares resulting from the split will not be issued; instead, they will be rounded up to the next whole number [3]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics [6]. - The company has expanded its offerings to include complementary design services and technological support for disseminating financial reports and announcements [6].
Cre8 Enterprise Limited Announces Its First Half 2025 Unaudited Financial Results
Globenewswire· 2025-12-01 21:15
Core Viewpoint - Cre8 Enterprise Limited reported a modest revenue increase and a significant rise in net income for the six months ended June 30, 2025, driven by growth in integrated IPO financial printing services and reduced operating expenses [2][7]. Financial Performance - Revenue increased by approximately 1.4% from HK$58.0 million for the six months ended June 30, 2024, to HK$58.8 million (US$7.5 million) for the same period in 2025 [2]. - Net income rose by approximately 63.7% from HK$4.9 million for the six months ended June 30, 2024, to HK$8.0 million (US$1.0 million) for the six months ended June 30, 2025 [7]. - Gross profit slightly decreased by approximately 2.6% from HK$28.3 million for the six months ended June 30, 2024, to HK$27.6 million (US$3.5 million) for the same period in 2025 [3]. Revenue Breakdown - Revenue from integrated IPO financial printing services increased by approximately HK$7.6 million, or 45.1%, from HK$17.0 million for the six months ended June 30, 2024, to HK$24.6 million (US$3.1 million) for the six months ended June 30, 2025 [2]. - Revenue from non-IPO financial printing services decreased by approximately HK$6.9 million, or 16.7%, from HK$41.0 million for the six months ended June 30, 2024, to HK$34.1 million (US$4.4 million) for the same period in 2025 [2]. Expense Management - Selling and marketing expenses decreased by approximately HK$3.2 million, or 29.7%, from HK$11.0 million for the six months ended June 30, 2024, to HK$7.7 million (approximately US$1.0 million) for the six months ended June 30, 2025 [4]. - General and administrative expenses decreased by approximately HK$0.9 million, or 8.1%, from HK$11.3 million for the six months ended June 30, 2024, to HK$10.4 million (US$1.3 million) for the same period in 2025 [5]. Tax and Earnings Per Share - Income tax expense increased from approximately HK$1.2 million for the six months ended June 30, 2024, to approximately HK$1.6 million (US$0.2 million) for the six months ended June 30, 2025 [6]. - Basic and diluted earnings per share were approximately HK$0.36 (US$0.05) for the six months ended June 30, 2025, compared to HK$0.22 for the same period in 2024 [8]. Cash Flow and Capital Resources - As of June 30, 2025, cash and cash equivalents were approximately HK$11.3 million (US$1.4 million), down from HK$13.8 million as of December 31, 2024 [9]. - Net cash generated from operating activities for the six months ended June 30, 2025, was approximately HK$0.9 million (US$0.1 million) [10]. - Cash used in investing activities was approximately HK$0.7 million (US$0.1 million) for the purchase of property and equipment [11]. Recent Developments - The company was listed on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol "CRE" [13]. - The initial public offering generated total gross proceeds of $6.67 million, including proceeds from the over-allotment option [13]. Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to compliance document submissions [14].
Cre8 Enterprise Limited Expands Its Programming Team to Develop AI-enhanced Project Management Platform
Globenewswire· 2025-11-25 10:51
Core Insights - Cre8 Enterprise Limited is expanding its programming team to develop an AI-enhanced project management platform aimed at improving internal communication and collaboration among team members [1] - The platform will feature tools such as tagging, real-time notifications, shared dashboards, task lists, timelines, and Gantt charts to enhance workflow organization and task allocation [1] - This initiative is expected to provide better oversight for clients undergoing IPOs by improving document updates, version control, and regulatory filing timelines [1][2] Company Overview - Cre8 Enterprise Limited offers integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from concept creation to compliance document submissions [3] - The company has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials [3] - Additionally, Cre8 provides technological support through its "Cre8IR" brand, disseminating announcements, financial reports, and industry news feeds [3]
Cre8 Enterprise Limited Expands Its Programming Team to Develop AI-enhanced Project Management Platform
Globenewswire· 2025-11-25 10:51
Core Insights - Cre8 Enterprise Limited is expanding its programming team to develop an AI-enhanced project management platform aimed at improving internal communication and collaboration among team members [1] - The platform will feature tools such as tagging, real-time notifications, shared dashboards, task lists, timelines, and Gantt charts to enhance workflow organization and task allocation [1] - This initiative is expected to provide better oversight for clients undergoing IPOs by improving document updates, version control, and regulatory filing timelines [1][2] Company Overview - Cre8 Enterprise Limited offers integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from concept creation to compliance document submissions [3] - The company has expanded its offerings to include complementary design services like website design, branding, and content creation for marketing materials [3] - Additionally, Cre8 provides technological support through its "Cre8IR" brand, disseminating announcements, financial reports, and industry news feeds [3]
Cre8 Enterprise Limited Accepts Crypto-Currencies as a Payment Method for Its Clients
Globenewswire· 2025-11-17 12:00
Core Insights - Cre8 Enterprise Limited has launched a new digital payment initiative allowing clients to settle payments using cryptocurrencies such as USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) [1][2] - This initiative reflects the company's commitment to financial innovation and enhancing customer convenience through blockchain-based payment solutions [2] Company Overview - Cre8 Enterprise Limited is a Hong Kong-based provider of integrated financial printing services, catering to listed companies, IPO applicants, and private companies in the finance and capital market [3] - The company offers a wide range of services including concept creation, artwork design, typesetting, proofreading, translation, printing, binding, logistics, and e-submissions of financial reports and compliance documents [3] - In addition to core services, Cre8 has expanded to include complementary design services such as website design, branding, and content creation for marketing materials [3] - The company also provides technological support through its "Cre8IR" brand, disseminating announcements, circulars, financial reports, and industry news feeds [3]
Ransomware Ensnares $4.3 Trillion Muni Market’s Key Site
Insurance Journal· 2025-10-16 05:04
Core Viewpoint - A ransomware attack has disrupted the MuniOS platform, affecting the ability of state and local borrowers to post debt documents in the $4.3 trillion municipal bond market [1][2]. Group 1: Impact on Municipal Bond Market - MuniOS, operated by ImageMaster LLC, has been out of service for several days, impacting the posting of bond offering documents [1]. - Despite the outage, market participants have not reported delays in transactions, although some issuers are using alternative platforms like BondLink [2][4]. - The municipal bond market is crucial for financing infrastructure projects for states, cities, and other entities [3]. Group 2: Operational Adjustments - Issuers are resorting to traditional methods, such as sending large-file PDFs directly and making extensive phone calls to investors [4]. - The Texas Transportation Commission successfully posted documents for a $1.8 billion sale on a different platform, McElwee & Quinn LLC, and provided physical copies to investors [5]. Group 3: Cybersecurity Concerns - Ransomware attacks have become a significant concern, with recent high-profile incidents affecting various corporations [6]. - The municipal market has seen growing concerns over cyber risks, highlighted by a previous incident where a bond sale was hacked [7]. - The MuniOS platform, launched in 1999, holds a significant market share, with over 70% reported in 2017 [7]. Group 4: Regulatory Response - The Municipal Securities Rulemaking Board has advised issuers to use its EMMA website for posting preliminary official statements and other market information during the MuniOS outage [8].
Cre8 Enterprise Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-10-06 20:30
Core Points - Cre8 Enterprise Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for its Class A Ordinary Shares [1][2] - The company has a compliance deadline of April 1, 2026, to regain compliance by maintaining the closing bid price at or above $1 for at least ten consecutive business days [2] - If compliance is not achieved by the deadline, the company may be eligible for additional time to regain compliance, provided it meets other listing requirements [2][3] Company Overview - Cre8 Enterprise Limited is a Hong Kong-based integrated financial printing service provider, offering services to listed companies, IPO applicants, and private companies in the finance and capital market [4] - The company's services include concept creation, artwork design, typesetting, proofreading, translation, printing, binding, logistics, and e-submissions of financial reports and compliance documents [4] - Cre8 has expanded its offerings to include website design, branding, content creation for marketing materials, and technological support for disseminating announcements and financial reports through its "Cre8IR" brand [4]
Cre8 Enterprise Limited Develops AI-Enhanced Translation Workflow Transformation
Globenewswire· 2025-09-18 11:05
Core Insights - Cre8 Enterprise Limited is developing internal AI tools to enhance its financial printing services, focusing on translation, typesetting, proofreading, and design [1][2] - The AI-driven enhancements are expected to improve accuracy, reduce turnaround times, and lower costs, with translation costs potentially decreasing by up to 90% compared to traditional methods [2] - The company is also exploring strategic partnerships with technology leaders to expand the applications of its developed tools [2][3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from design to logistics [4] - The company has expanded its offerings to include complementary services such as website design, branding, and content creation for marketing materials [4] - Cre8 also supports clients by disseminating and publishing financial reports and announcements through its "Cre8IR" brand [4]
Cre8 Enterprise Limited Announces Full Exercise of Over-Allotment Option
Globenewswire· 2025-07-30 15:30
Core Viewpoint - Cre8 Enterprise Limited successfully completed the over-allotment option of its initial public offering, raising additional funds to support its business expansion and operational upgrades [1][2][3]. Group 1: Offering Details - The over-allotment option allowed the purchase of an additional 217,500 Class A ordinary shares at a public offering price of US$4.00 per share, generating gross proceeds of US$0.87 million [1][2]. - The total gross proceeds from the offering increased to approximately US$6.67 million before deducting underwriting discounts and other expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds for upgrading its office in Hong Kong, expanding its workforce, staff training, acquiring equipment, and general corporate purposes [3]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies and IPO applicants in Hong Kong, offering a range of services including design, typesetting, translation, and logistics [7]. - The company has expanded its services to include website design, branding, and technological support for disseminating financial reports and announcements [7].