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name changed to HLI Limited
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31/08/2007
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company releases its Half Yearly Report and Accounts - auditors state "there is significant uncertainty whether the
consolidated entity will be able to continue as a going concern and therefore whether it will realise its assets
and extinguish its liabilities in the normal course of business and at the amounts stated in the financial
statements"
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28/08/2007
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company says it now accepts the Chongqing Hailian University investment is unsalvageable - creditors have accepted equity for their debt and the company believes it is now a suitable investment vehicle - it anticipates a capital raising in the near future
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11/07/2007
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the resolutions tabled at today's 2005 and 2006 annual general meetings of shareholders were passed on a show of
hands
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05/07/2007
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2006 AGM to be held at 4:30pm on 5 July 2007 at HLB Mann Judd, 15 Rheola Street, West Perth, WA
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06/06/2007
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cash flow for the quarter ended 30 December 2006 reflects a deficit at operating level of $58k
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04/04/2007
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releases its Preliminary Final Report
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01/03/2007
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cash flow for the quarter ended 30 September 2006 reflects a deficit at operating level of $63k
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06/12/2006
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we understand that a notice of AGM is to be distributed this month - it will contain all relevant updates
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08/09/2006
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quarterly cash flow report to 31 March 2006 reflects a net cash deficit of $19k at operating level for the quarter and $89k year to date
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08/06/2006
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the company confirms there is nothing further to report
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01/03/2006
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lodges half yearly report as at 31 December 2004 and annual report for 2005
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04/01/2006
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lodges cash flow reports for the June 2005 quarter (why so late?) showing a deficit at operating level of $79k and the September 2005 quarter (also late given we are virtually at the end of the next quarter) showing a deficit at operating level of $36k
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23/12/2005
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at this stage the company has nothing new to report to the market and is
still exploring investment opportunities
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07/11/2005
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the company is evidently exploring alternative investment opportunities prior to applying for resumption in trading in the Company's securities - we are seeking a progress update
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10/10/2005
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the company advises that it has 12,236,640 listed Options exercisable at 25 cents each which will
expire on 30 September 2005 - it also announces that Mr Philip Lucas and Mr Paul Anthony Jacobs have been appointed directors
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23/09/2005
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appoints two new directors, Phillip Lucas and Paul Jacobs
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03/08/2005
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quarterly report to 31 March 2005 reflects borrowings of $150k and a net cash deficit of $59k
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26/05/2005
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company advises it will take action to have 34.4m shares issued to Professor Ling Xiao as part consideration for entering into the CQHL transaction, transferred back to the company and subsequently cancelled
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04/04/2005
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company advises that it has reached agreement with Todbern Pty Ltd in relation
to a $100,000 loan to the company
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17/03/2005
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company reports on several meetings with Professor Ling Xiao with regard to providing the requisite
financial information for the University to enable an audit to be conducted to ensure the
Company complies with the ASX listing requirements - Professor Ling Xiao has still not
complied - the Company advised The Senior Peoples Court of Chongqing of Ling Xiao's continuing
failure to provide financial information despite his previous undertaking to the Court to do so - without this information the Company will not commit further investments funds - there appears little alternative other than to consider legal remedies and the Company is awaiting further legal advice in both China and Australia as to possible litigation actions
against Ling Xiao - the Company has limited funds and is exploring litigation funding options
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08/03/2005
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company reports its attempts to address the issues at Chongqing Hailian University with the objective of resolving the difficulties - dialogue has recommenced with Professor Ling Xiao and it is currently proposed two
directors will meet with him in Chongqing around the week commencing 15 February 2005 - the company admits to a problem with limited funds and says "it would be necessary to raise working capital prior to
any resumption in trading in the Company's securities"
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04/02/2005
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chairman unable to resolve the current difficulties existing as between the Company and Ling Xiao in such
a manner as to enable the audit of Chongqing Hailian University to be completed
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03/11/2004
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company advises of problems with the inadequacy of accounting by the Chongqing Hailan University and that the Chinese Court has been notified the company will not be able to provide it with the proposal as previously agreed
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29/09/2004
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advises on situation at Chongqing Hailan University
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08/09/2004
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company's shares suspended from quotation pending an announcement - the idea is to enable the company "to further work on a funding option it is currrently negotiating"
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16/07/2004
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name changed from Amnet Limited
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15/12/2003
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