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Nine Express Ltd (0009.HK)

0009.HK on Hong Kong Stock

0.25HKD
18 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Nine Express says HY loss attributable to owners of co HK$220.8 million
Tuesday, 29 Aug 2017 08:39am EDT 

Aug 29 (Reuters) - Nine Express Ltd <0009.HK>::Hy revenue HK$14.3 million versus HK$12.2 million.Hy loss for the period attributable to owners of co HK$220.8 million versus loss of HK$27.1 million.  Full Article

Nine Express expects to record consol net loss attributable of about HK$221 mln in HY
Tuesday, 22 Aug 2017 04:33am EDT 

Aug 22 (Reuters) - Nine Express Ltd <0009.HK>:Is expected to record consolidated net loss attributable to owners of company of about hk$221 million in hy.Expected result due to an impairment loss of investment in an associate of about hk$106 million recognised.  Full Article

Nine Express enters into memorandum of understanding in respect of possible acquisition
Wednesday, 19 Jul 2017 10:31am EDT 

July 19 (Reuters) - Nine Express Ltd <0009.HK>:Co entered into a non-legally binding memorandum with Ever Harmony Enterprises in relation to possible acquisition.Deal in relation to possible acquisition whereby co intends to acquire all or part of vendor's shareholding in Yangzhou Ya Tai Zhi Ye.Company entered into investment management agreement with manager.Pursuant to investment management agreement, initial contribution to be made by company into discretionary account is HK$65 million.  Full Article

Nine Express says Co and Riches Depot Securities entered into placing agreement
Friday, 23 Jun 2017 10:31am EDT 

June 23 (Reuters) - Nine Express Ltd <0009.HK>::Company and placing agent Riches Depot Securities Co. entered into placing agreement.Net proceeds to be received by co from placing will amount to approximately hk$115.99 million.Riches Depot Securities Co to place, on a best efforts basis, up to 494.2 million placing shares.Intends that about hk$15.50 million of net proceeds be used to repay interest expense for us$20.00 million guaranteed secured notes due Jan 2018.  Full Article

Nine Express updates on share purchase agreement
Friday, 28 Apr 2017 10:31am EDT 

April 28 (Reuters) - Nine Express Ltd <0009.HK>:Share purchase agreement was entered into between connected-world as vendor, Cheng Ngok Fai as covenantor and China U-Ton Holdings.Pursuant to SP agreement a, connected- world to sell and purchaser to purchase 100 million shares of HK$0.01 each in capital of co for US$3.1 million.Pursuant to SP agreement B, Full Dragon agreed to sell shares representing about 9.4% of issued share capital of co for US$7.3 million.  Full Article

Nine express expects to record a consolidated net loss attributable to owners of HK$328.7 mln for FY2016
Friday, 17 Mar 2017 06:17am EDT 

Nine Express Ltd <0009.HK> : Expected to record a consolidated net loss attributable to owners of about HK$328.7 million for FY2016 . Expected result due to a fair value loss on investment properties of approximately HK$21.4 million .Expected result also due to impairment loss on investment in an associate of approximately HK$148.7 million recognised.  Full Article

Nine Express updates on disposal of shares by controlling shareholder
Tuesday, 22 Nov 2016 06:47am EST 

Nine Express Ltd <0009.HK>: inside Information Disposal Of Shares By The Controlling Shareholder . full dragon has conditionally agreed to sell and keyne has conditionally agreed to purchase 642.5 million shares of company . Spa was entered into among full dragon as vendor, keyne holdings ltd. as purchaser and. Cheng keung fai as covenantor .Deal at consideration of us$22.9 million.  Full Article

Nine Express appoints Wan peizhong as chairman of the board<0009.HK>
Friday, 12 Aug 2016 10:29am EDT 

Nine Express Ltd <0009.HK>: ...more (1) change of chairman and executive director; and (2) change of authorised representatives <0009.HK> . Wan Peizhong was appointed as an executive director and the chairman of the board . Says Hui Wai Lee, Willy resigned as an executive director and the chairman of the board .  Full Article

Nine Express updates on disposal of stake in Cheung Wo (Hunan) Property<0009.HK>
Friday, 5 Aug 2016 10:59am EDT 

Nine Express Ltd <0009.HK>: Major transaction deemed disposal of equity interest in cheung wo (hunan) property limited <0009.HK> . To subscribe and Cheung Wo (Hunan) agreed to allot and issue the subscription shares at the subscription price of HK$200 million .  Full Article

Nine Express and Upbest Securities entered placing agreement<0009.HK>
Wednesday, 13 Jul 2016 10:41am EDT 

Nine Express Ltd <0009.HK>: Placing of new shares under general mandate . Co and Upbest Securities Company Limited entered into the placing agreement . Expected that maximum net proceeds from placing will be approximately hk$153.9 million .Has conditionally agreed to place up to 494.2 million placing shares at placing price of hk$0.323 per share.  Full Article

BRIEF-Nine Express seeks trading halt

* Seeks trading halt pending announcement pursuant to codes on takeovers and mergers and share buy-backs Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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