News & Videos - BYTE POWER GROUP LIMITED

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides an update on the payment terms agreed between Byte Power Pty Ltd ("BPPL") and Noetic Synergy Sdn Bhd ("Noetic") for contract work for the development, operational management and IT outsourcing services for Byte Power X Pty Ltd's cryptocurrency exchange. An amount of US$419,400 was due to be paid to Noetic on or before the 30th September 2019. Noetic and BPPL have agreed to an extension for this payment to 31st December...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides a further update on the legal action taken against Soar Labs Pte Ltd in relation to the final settlement proceeds due to Byte Power Pty Ltd ("BPPL") from Soar Labs Pte Ltd ("Soar Labs") as per the Settlement Agreement with Soar Labs Pte Ltd dated 24th May 2018. On the 19th July 2019 the High Court of the Republic of Singapore adjudged the defendants, Soar Labs Pte Ltd and Neo Wenyuan, must pay to BPG and BPPL the final...

Brisbane, Australia (ABN Newswire) - For the year ended 30 June 2019, sales revenue generated from the IT&T business division contributed to 97.4% of total revenue for the group (30 June 2018: 0%). Sales revenue generated from the Asia Business Division for the year contributed 1.8% of the total revenue for the group (30 June 2018: 99.1%). The Group made significant progress on the development of its Cryptocurrency Exchange culminating in the official launch of the Exchange platform in January...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides a further update on the final settlement proceeds due to Byte Power Pty Ltd ("BPPL") from Soar Labs Pte Ltd ("Soar Labs") as per the Settlement Agreement with Soar Labs Pte Ltd dated 24th May 2018. On the 18th July 2019 Byte Power Pty Ltd ("BPPL") filed an application for Default Judgement in the High Court of the Republic of Singapore against the defendants, Soar Labs Pte Ltd and Neo Wenyuan, as neither party submitted...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides a further update on the final settlement proceeds due to Byte Power Pty Ltd ("BPPL") from Soar Labs Pte Ltd ("Soar Labs") as per the Settlement Agreement with Soar Labs dated 24th May 2018 ("Settlement Agreement"). Litigation proceedings On 19 June 2019, the Board of BPPL commenced litigation proceedings in the High Court of the Republic of Singapore to recover the balance of proceeds due to BPPL from Soar Labs as per...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides an update on the payment terms agreed between Byte Power Pty Ltd ("BPPL") and Noetic Synergy Sdn Bhd ("Noetic") for contract work for the development of Byte Power X Pty Ltd's cryptocurrency exchange. An amount of US$458,150 was due to be paid to Noetic on or before the 31st May 2019. Noetic and BPPL have agreed to an extension for this payment to 30 September 2019. About Byte Power Group Limited: Byte Power Group...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides a further update on the final settlement proceeds due to Byte Power Pty Ltd ("BPPL") from Soar Labs Pte Ltd ("Soar Labs") as per the Settlement Agreement with Soar Labs Pte Ltd dated 24th May 2018. The Board of BPPL has agreed to the transfer of 544,726.60 Ripple coins from Soar Labs Pte Ltd to BPPL's nominated wallet address to settle US$200,000 of the final settlement payment owing by Soar Labs Pte Ltd to BPPL. BPPL...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides an update on the settlement proceeds due to Byte Power Pty Ltd ("BPPL") from Soar Labs Pte Ltd ("Soar Labs") as per the Settlement Agreement with Soar Labs Pte Ltd dated 24th May 2018. Pursuant to the Settlement Agreement, Soar Labs was due to pay BPPL the balance of the settlement funds totaling US$320,556.97 and 801,392 soar coins on or before 24th May 2019 to finalise the settlement. This final settlement payment was...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) is pleased to announce the appointment of Mr William Yuen to the Board as a Non-Executive Director of Byte Power Group Ltd with immediate effect. Mr Yuen has over 40 years experience in both senior management and Board positions in a number of large conglomerates in Hong Kong. These conglomerates have diversified interests in many businesses including logistics, distribution, aviation, cosmetics and wine production. Mr Tham has...

Brisbane, Australia (ABN Newswire) - Byte Power Group Limited (ASX:BPG) reports on its performance for the half year ended 31 December 2018. Byte Power Group Ltd reported a loss for the half year ended 31 December 2018 of $384,494 (December 2017: loss of $8,073,986). The loss for the half year included an impairment provision expense for debtors of $133,198. The Group's revenues from continuing activities for the half year ended 31 December 2018 were $641,921. This represents a decrease of 44.2%...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) advises that BPG has complied with the Infringement Notice issued by ASIC on 12th December 2018 requiring BPG to pay a penalty to ASIC in the sum of $33,000. The penalty payment was made today which is within the extended compliance period as granted by ASIC. The Directors reiterate that compliance with the Infringement Notice is not an admission of liability by BPG and cannot be regarded as a finding that BPG contravened...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) has queried the continued suspension of its shares on the ASX and sought confirmation from the ASX regarding the following: - when it intends to reinstate BPG's shares to trading; or - otherwise summarise the steps which BPG must undertake to have the suspension of its shares lifted. In response to BPG's query, on 30 January 2019 the ASX advised BPG that: - it still has concerns about BPG's operation of its cryptocurrency...

Sydney, Australia (ABN Newswire) - GoldFund (GFUN) (CRYPTO:GFUN) will be available for purchase on the BPX Exchange! GFUN coins are a new digital currency that provides development capital to proven gold resources. Users that possess GFUN coins are eligible to purchase discounted gold at the ZOMIA Gold Exchange (find out more: www.goldfund.io). Enhance your Crypto portfolio with GFUN pairings today; * GFUN / BTC * GFUN / AUD * GFUN / USD Sign up on the BPX Exchange: http://www.bytepowerx.com...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) is pleased to advise that the cryptocurrency exchange (Exchange) being developed by its subsidiary, Byte Power Pty Ltd (BPPL) was launched by Byte Power X Pty Ltd (BPXPL), a fully owned subsidiary of BPPL on 13 January 2019 and has commenced trading. BPXPL launched the Exchange with pairings of BTC/USD, BTC/AUD, LTC/BTC (BTC - BITCOIN, LTC - LITECOIN) and added the pairing ETH/BTC (ETH - ETHEREUM) on 14 January 2019. BPXPL plans...

Brisbane, Australia (ABN Newswire) - Power Group Ltd (ASX:BPG) is pleased to advise that BPG and its subsidiary, Byte Power Pty Ltd ("BPPL"), along with Mr Alvin Phua have executed a Deed of Variation of the Settlement Agreement they signed with Soar Labs Pte Ltd on the 24th May 2018. The terms of the variation are as follows: - The parties agreed that Soar Labs Pte Ltd's obligation to pay US$579,800 in accordance with clause 2.1.3 of the Settlement Agreement shall be fulfilled by transfer of...

Brisbane, Australia (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) is pleased to provide an update on the Cryptocurrency Exchange developed by its subsidiary, Byte Power Pty Ltd ("BPPL"). The Cryptocurrency Exchange is open for registrations. This allows users the opportunity to register on the Exchange. All pre-registered users who have provided verification documentation are currently being processed for KYC purposes. Trading has been disabled until we have verified recent updates and...

Brisbane, Australia (ABN Newswire) - On 19 July 2018, Byte Power Group Limited (ASX:BPG) (BPG) announced that it intended to undertake a token generation event for the Byte Power X Loyalty Token (BPX Tokens). BPX Tokens are utility tokens relating to the loyalty program which provides a discount on commissions for users of the Byte Power X Cryptocurrency Exchange (Exchange). On 5 September 2018, BPG released a statement to the market responding to various queries from the Australian Securities...

Brisbane, Australia (ABN Newswire) - Byte Power Group Limited (ASX:BPG) provides the Company's Annual Report for the period ended 30 June 2018. To view the Annual Report, please visit: http://abnnewswire.net/lnk/B26ZU3DH About Byte Power Group Limited: Byte Power Group Limited (ASX:BPG) is a diversified technology solutions group with a particular emphasis on securing Asian business opportunities. Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance...

Brisbane, Australia (ABN Newswire) - On 1 August 2018 the ASX issued a query letter (Query Letter) to Byte Power Group Limited (ASX:BPG) (BPG). In this Query Letter, the ASX asked BPG under ASX Listing Rule 18.7 to respond to a number of questions and requests for information for the purposes of the ASX being satisfied that BPG is in compliance with the ASX Listing Rules. To view the full response to ASX Query Letter, please visit: http://abnnewswire.net/lnk/V5V89M27 About Byte Power Group...

Brisbane, Australia (ABN Newswire) - Your Directors submit the preliminary final report for Byte Power Group Limited (ASX:BPG) ("the group") and the entities it controlled at the end of, or during, the year ended 30 June 2018. Review of Operations Summary For the year ended 30 June 2018, the group reports a net loss before tax of $10,202K compared with last year's reported profit of $697K. Revenues across all the business segments fell. Management was actively involved in the litigation suit...