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Palm Eco-Town Development Co Ltd (002431.SZ)

002431.SZ on Shenzhen Stock Exchange

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26 May 2017
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Latest Key Developments (Source: Significant Developments)

Palm Eco-Town Development unit to use 70 mln yuan to jointly set up tourism development JV
Wednesday, 24 May 2017 02:39am EDT 

May 24 (Reuters) - Palm Eco-Town Development Co Ltd <002431.SZ> ::* Says its wholly owned subsidiary plans to use 70 million yuan to set up a tourism development JV with partner, to help Yanming lake scenic spot resource recycle and tourism development .  Full Article

Palm Eco-Town Development and unit plan bay scenic area development investment JV
Wednesday, 24 May 2017 02:06am EDT 

May 24 (Reuters) - Palm Eco-Town Development Co Ltd <002431.SZ> ::* Says it and unit will invest 334.8 million yuan to set up a bay scenic area development investment JV with partners .* Says it and unit will hold 90 percent stake in the JV in total .  Full Article

Palm Eco-Town Development signs framework agreement on projects in Zhaoqing
Monday, 24 Apr 2017 06:30am EDT 

April 24 (Reuters) - Palm Eco-Town Development Co Ltd <002431.SZ>:Says it signs framework agreement on projects in Zhaoqing city with investment of 8.0 billion yuan ($1.16 billion).  Full Article

Palm Eco-Town Development sees H1 2017 net profit up 50-100 pct
Thursday, 20 Apr 2017 01:51am EDT 

April 20 (Reuters) - Palm Eco-Town Development Co Ltd <002431.SZ>: :* Sees net profit for H1 2017 to increase by 50 percent to 100 percent, or to be 78.6 million yuan to 105 million yuan, compared to net profit of the same period in 2016 (52.4 million yuan).* Comments that increased sales of projects is the main reason for the forecast.  Full Article

Palm Eco-Town Development to invest 2.2 mln yuan to set up industrial fund management firm with partners
Sunday, 9 Apr 2017 10:27pm EDT 

Palm Eco-Town Development Co Ltd <002431.SZ> :Says co plans to invest 2.2 million yuan to set up an industrial fund management firm with partners, owning 22 percent stake in it.  Full Article

Palm Eco-Town Development sees Q1 FY 2017 net loss to be 40 mln yuan to 60 mln yuan
Friday, 31 Mar 2017 05:15am EDT 

Palm Eco-Town Development Co Ltd <002431.SZ> : Sees Q1 FY 2017 net loss to be 40 million yuan to 60 million yuan . Says Q1 FY 2016 net loss was 78.1 million yuan .The reason for the forecast is smoothly development of PPP project.  Full Article

Palm Eco-Town Development issues 2017 1st tranche super short-term debentures worth 700 mln yuan
Friday, 17 Mar 2017 05:23am EDT 

Palm Eco-Town Development Co Ltd <002431.SZ> :Says it issues 2017 the first tranche super short-term debentures worth 700 million yuan, with coupon rate of 5.99 percent and term of 270 days.  Full Article

Palm Eco-Town Development plans asset management unit
Monday, 9 Jan 2017 01:51am EST 

Palm Eco-Town Development Co., Ltd.<002431.SZ>: Says it plans to set up asset management unit in Guangzhou .Says the registered capital of the new unit to be at 100 million yuan.  Full Article

Palm Eco Town signs agreement to buy stake in construction firm for 311.8 mln yuan
Tuesday, 27 Dec 2016 06:00am EST 

Palm Eco Town Development Co Ltd <002431.SZ> :Says it signs agreement to buy 45 percent stake in construction firm for 311.8 million yuan ($44.86 million).  Full Article

Palm Eco-Town Development to set up enterprise management unit in Tibet
Friday, 23 Dec 2016 03:15am EST 

Palm Eco-Town Development Co., Ltd.<002431.SZ>: Says it plans to set up enterprise management unit in Tibet .Says the registered capital at 5 million yuan.  Full Article

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