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Neptune Group Ltd (0070.HK)

0070.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Neptune says for FY 2017 to record impairment on junket business of HK$365.9 mln
Monday, 31 Jul 2017 09:45am EDT 

July 31 (Reuters) - Neptune Group Ltd <0070.HK>:FOR YEAR ENDED 30 JUNE 2017, GROUP WOULD RECORD AN IMPAIRMENT OF INTANGIBLE ASSETS IN RESPECT OF JUNKET BUSINESS OF APPROXIMATELY HK$365.9 MILLION.GROUP IS EXPECTED TO RECORD A LOSS ON DISPOSAL OF AN ASSOCIATE OF APPROXIMATELY HK$62.9 MILLION FOR YEAR ENDED 30 JUNE 2017.VENETIAN MACAU LIMITED ISSUED WRITTEN NOTICE TO HOU WAN TO TERMINATE GAMING PROMOTION AGREEMENT WITH EFFECT FROM 30 AUGUST 2017.EXPECTED THAT INTANGIBLE ASSETS IN RESPECT OF JUNKET BUSINESS OF HOU WAN WOULD BE FULLY IMPAIRED AS A RESULT OF TERMINATION NOTICE.IT IS EXPECTED THAT GROUP WOULD CONTINUE TO RECORD A NET LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF COMPANY FOR YEAR ENDED 30 JUNE 2017.COMPANY IS ASSESSING RECOVERABILITY OF OUTSTANDING ACCOUNT RECEIVABLES IN RELATION TO JUNKET BUSINESS OF HOU WAN.CURRENTLY IN DISCUSSION WITH, AMONG OTHERS, HOU WAN IN RESPECT OF SETTLEMENT OF OUTSTANDING ACCOUNTS RECEIVABLES.  Full Article

Neptune Group announces provision of mortgage loan
Monday, 19 Jun 2017 07:07am EDT 

June 19 (Reuters) - Neptune Group Ltd <0070.HK>:Top Vast (a wholly-owned subsidiary of co) and customers,two individual borrowers of loan, entered into loan agreement.company agreed to lend loan in amount of hk$20 million in two tranches to customers.  Full Article

Neptune Group says application made for resumption of trading
Thursday, 1 Jun 2017 06:30pm EDT 

June 2 (Reuters) - Neptune Group Ltd <0070.HK>:venetian macau limited had on 31 may 2017 issued a written notice to hao cai to terminate gaming promotion agreement dated 30 december 2016.expected that intangible assets in respect of junket business of hao cai would be fully impaired as result of termination notice.commenced money lending business and recently granted a loan in principal amount of hk$50 million to a borrower.application made by company for resumption of trading in shares of company on stock exchange with effect from 9:00 a.m. On 2 june 2017..  Full Article

Neptune Group says entered into EP acquisition agreement
Thursday, 4 May 2017 10:47am EDT 

May 4 (Reuters) - Neptune Group Ltd <0070.HK>::Unit as purchaser, Take Billion as vendor and Cheung as guarantor to vendor entered into EP acquisition agreement.Deal pursuant to which Take Billion conditionally agreed to sell, EP sale shares and EP sale loan, at aggregate consideration of HK$189 million.  Full Article

Veidekke and Neptune continue with partnership in Oslo
Friday, 7 Apr 2017 07:00am EDT 

VEIDEKKE ASA : VEIDEKKE AND NEPTUNE CONTINUE WITH PARTNERSHIP IN OSLO . NEPTUNE PROPERTIES AS HAS ENTERED INTO AN AGREEMENT WITH VEIDEKKE ENTREPRENØR AS TO BUILD ENSJØHØYDEN RESIDENTIAL PROJECT .CONTRACT VALUED AT NOK 238 MILLION, EXCLUDING VAT..  Full Article

Neptune Group announces delay in annual result
Sunday, 2 Oct 2016 08:54pm EDT 

Neptune Group Ltd <0070.HK>- :Co is unable to publish annual result for year ended 30 June 2016 by 30 September 2016 pending completion of auditing procedure.  Full Article

Neptune Group issues profit warning<0070.HK>
Monday, 8 Aug 2016 06:37am EDT 

Neptune Group Ltd <0070.HK>: Group-profit warning <0070.HK> . Expected to record a significant loss for the year ended 30 June 2016. . Receipt of monies from the Macau junket business continues to be slow and often delayed .  Full Article

Neptune Group issues FY profit warning
Friday, 5 Feb 2016 04:17am EST 

Neptune Group Ltd:Expects to make a substantial loss for the six months ended 31 December 2015.Expected result due to the significantly increase of the impairment loss of an intangible asset.  Full Article

BRIEF-Neptune Group announces provision of mortgage loan

* Top Vast (a wholly-owned subsidiary of co) and customers,two individual borrowers of loan, entered into loan agreement

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