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Hoifu Energy Group Ltd (0007.HK)

0007.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Hoifu Energy says unit to acquire equity interest in Hebei Panbao Zeolite Technology<0007.HK>
Friday, 2 Sep 2016 10:59am EDT 

Hoifu Energy Group Ltd <0007.HK>: Major and connected transaction in relation to the acquisition of 45% equity interest in Hebei Panbao Zeolite Technology Co., Ltd. . Major transaction in relation to the disposal of 45% equity interest in Hebei Panbao Zeolite Te . Unit Guangdong Hoifu, , the company, the vendor, the purchaser and the target entered into the agreement . Guangdong Hoifu agreed to acquire, and vendor has agreed to sell, equity interest for total consideration of RMB200 million . Guangdong Hoifu agreed to sell, and purchaser has agreed to acquire, equity interest for total consideration of RMB260 million . Application made by co to the stock exchange for resumption of trading in the shares on stock exchange with effect on 5 September 2016 . The gross sales proceeds from the transactions will be approximately hk$302.33 million . Hoifu United Group is purchaser, Zhang Ling is vendor and Hebei Panbao Zeolite Technology co is target company .  Full Article

Hoifu Energy Group announced subscription of new shares under general mandate<0007.HK>
Thursday, 14 Jul 2016 07:21am EDT 

Hoifu Energy Group Ltd <0007.HK>: Subscription of new shares under general mandate <0007.HK> . Company entered into the subscription agreement with the subscriber, Weng Tao . Net proceeds from subscription, after deduction of related expenses of about HK$200,000, is estimated to be approximately HK$34.8 million . Agreed to allot and issue 50 million subscription shares at HK$0.70 per subscription share to subscriber, Weng Tao .  Full Article

Hoifu Energy Group updates on acquisition of Millhaven Holdings Limited<0007.HK>
Monday, 13 Jun 2016 11:00am EDT 

Hoifu Energy Group Ltd <0007.HK>: Major and connected transaction acquisition of the target company involving the issue of consideration shares under the specific mandate <0007.HK> . Says the company, the purchaser and the vendor entered into the agreement . Deal for RMB433.4 million .  Full Article

Hoifu Energy updates on termination of acquisition of Oriental Bliss Holdings<0007.HK>
Friday, 10 Jun 2016 08:08am EDT 

Hoifu Energy Group Ltd <0007.HK>: Parties to agreement mutually agreed not to proceed with acquisition, entered into termination agreement on 10 June 2016 . Refers to to announcements in relation to, acquisition of of oriental bliss holdings limited .  Full Article

Hoifu Energy says unit entered into agreement to set up JV securities co<0007.HK>
Thursday, 19 May 2016 09:52am EDT 

Hoifu Energy Group Ltd <0007.HK>: Major transaction in relation to the formation of a joint venture securities company in Guangzhou pilot free trade zone, Nanshan area <0007.HK> . KTS (a wholly owned subsidiary of the company) entered into the promoters' agreement with the co-promoters . KTS conditionally agreed to invest RMB350 million in the jv securities company . Parties agreed to set-up JV securities co in Guangzhou pilot free trade zone, Nanshan area under framework of CEPA . Says the proposed registered capital of the jv securities company will be RMB3.5 billion .  Full Article

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