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alco holdings ltd (328) Details

Alco Holdings Limited, an investment holding company, designs, manufactures, and sells consumer electronic products in North America, Asia, Europe, and internationally. It offers audio products, including CD boomboxes, CD clock radios, mini systems, and CD micro systems; video products, such as DVD home theatres and portable DVD players; car audio systems; telecom products, such as cordless phones, DECTs, and corded phones; and IT products consisting of VOIP and Web browser systems. The company also offers commercial notebook and personal computers; and provides electronics manufacturing services to original equipment manufacturers. In addition, it is involved in property investment and software development businesses; and the trading of AV and notebook products. The company was founded in 1968 and is headquartered in Sha Tin, Hong Kong.

1,400 Employees
Last Reported Date: 12/21/18
Founded in 1968

alco holdings ltd (328) Top Compensated Officers

Chairman of the Board & CEO
Total Annual Compensation: $6.7M
Founder & Senior Advisor
Total Annual Compensation: $6.7M
Executive Director
Total Annual Compensation: $2.4M
Company Secretary & Executive Director
Total Annual Compensation: $1.9M
Compensation as of Fiscal Year 2018.
alco holdings ltd
Alco Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2019

Alco Holdings Limited provided earnings guidance for the year ended 31 March 2019. For the year, the Group is expected to record a net loss in the range of HKD 560 million to HKD 570 million for the year ended 31 March 2019. Net loss for the previous year was approximately HKD 86 million. In addition to the reasons stated in the Previous Profit Warning Announcement, the expected increase in net loss of the Group was mainly due to the incorporation of the one-time and non-cash impairment of certain fixed assets, raw materials, intangible assets and deferred tax assets as required by accounting standards.

Alco Holdings Limited Announces Resignation of Li Wah Ming as Independent Non-Executive Director, Member of Audit Committee, Member of Remuneration Committee and Member of Nomination Committee, Effective 30 June 2019

The board of directors of Alco Holdings Limited announced the resignation of Mr. LI Wah Ming as independent non-executive director, member of audit committee, member of remuneration committee and member of nomination committee of the Company with effect from 30 June 2019. Mr. Li has confirmed that he has no claim against the Company and has no disagreement with the Board. In addition, there are no matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his resignation.

Alco Holdings Limited Announces Board Changes

The board of directors of Alco Holdings Limited announced retirement of Mr. KUOK Kun Man from executive director of the Company with effect from April 1, 2019. Mr. LIU Lup Man, an executive director and the company secretary of the Company, has been appointed as an Authorised Representative of the Company in replacement of Mr. Kuok with effect from the date of this announcement.


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