Sunbase Asia Inc.

News & Analysis

sunbase asia inc. - All News and Analysis

• Sunbase Asia Inc. Announces Intention to Refocus Its Operations

  - 1999-01-07

  LOS ANGELES--BUSINESS WIRE--Jan. 7, 1999--Sunbase Asia Inc. (Nasdaq NM:SNBS) Thursday announced its intention to divest its bearing manufacturing assets in the United States and to refine its business strategy, which may involve the finding of a new strategic alliance, reorganization and/or divestiture of its bearing manufacturing assets in China. ...

  Tags: Sunbase Asia Inc.

• Sunbase Asia Inc. Announces Third- Quarter Results

  - 1998-12-10

  LOS ANGELES--BUSINESS WIRE--Dec. 10, 1998--Sunbase Asia Inc. (Nasdaq/NM:SNBS) Thursday reported results for the third quarter ended Sept. 30, 1998. Net sales for the third quarter were $14.2 million, compared with $19.5 million a year ago. The net loss for the period was $2.5 million, or 18 cents per share...

  Tags: Sunbase Asia Inc.

• Sunbase Asia Announces Finalization of Its Debt Reorganization

  - 1998-10-16

  IRWINDALE, Calif.--BUSINESS WIRE--Oct. 16, 1998--Sunbase Asia (Nasdaq:SNBS) Friday announced that it has finalized its previously announced debt reorganization. Due to a shortfall in earnings per share, the convertible debentures had been in technical default since April 1998. Under the debt reorganization, the debt has been restructured from the default...

  Tags: Sunbase Asia Inc.

• Sunbase Asia, Inc. Reports Convertible Debentures Have Been Called

  - 1998-06-02

  LOS ANGELES--BUSINESS WIRE--June 2, 1998--On May 25, 1998 the holders of certain convertible debentures ("Debentures") issued by China Bearing Holdings Limited ("China Bearing"), notified China Bearing that they were demanding payment in full on the $11.5 million principal amount of the Debentures plus accrued interest by May 31, 1998. The...

  Tags: Sunbase Asia Inc.

• Sunbase Asia, Inc. Reports Convertible Debentures Have Been Called

  - 1998-06-02

  LOS ANGELES--BUSINESS WIRE--June 2, 1998--On May 25, 1998 the holders of certain convertible debentures ("Debentures") issued by China Bearing Holdings Limited ("China Bearing"), notified China Bearing that they were demanding payment in full on the $11.5 million principal amount of the Debentures plus accrued interest by May 31, 1998. The...

  Tags: Company, Sunbase Asia Inc.

• Sunbase Asia Inc. presentation at New York Society of Security Analysts

  - 1996-09-10

  NEW YORK--BUSINESS WIRE--Sept. 10, 1996--The following is a summary of a presentation Tuesday at the New York Society of Security Analysts by William McKay, chairman of the board of Sunbase Asia Inc.Sunbase Asia Inc. (NASDAQ:ASIA) through its subsidiaries, is the third largest manufacturer of bearings of China and one of...

  Tags: Sunbase Asia Inc.

• Sunbase Asia, Inc. announces 1st quarter results

  - 1995-06-26

  BEVERLY HILLS, Calif.--BUSINESS WIRE--June 26, 1995--Sunbase Asia, Inc. (symbol: ASIA) announced today first quarter fiscal year 1995 net earnings of $1,818,000, or $0.12 per share, versus $1,474,940, or $0.10 per share, for the first quarter of fiscal 1994. The Company's business cycle traditionally produces its highest earnings in the second...

  Tags: Company, Sunbase Asia Inc.