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Asian Citrus Holdings Ltd (0073.HK)

0073.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Asian Citrus Holdings updates on trading suspension
Thursday, 8 Dec 2016 06:02am EST 

Asian Citrus Holdings Ltd <0073.HK> : trading in shares of company on hong kong stock exchange will remain suspended pending release of group's annual results .trading in shares of co on aim to remain suspended pending announcement clarifying financial impact pertaining to allegations, if any.  Full Article

Asian Citrus announces acquisition of Eagleton Global Investments Limited<0073.HK>
Thursday, 25 Aug 2016 10:36am EDT 

Asian Citrus Holdings Ltd <0073.HK>: Major transaction - acquisition of 100% of eagleton global investments limited and their intended acquisition of 60%interest in the property, issue of consideration shares and placing of new shares under specific mandate and potential continu . Deal for total consideration for the acquisition is hk$600 million . Says purchaser (being a wholly-owned subsidiary of the company), the company and the vendor entered into the spa . Net proceeds from the placing are estimated to be approximately hk$300 million . Pursuant to deal purchaser has conditionally agreed to acquire sale shares, representing 100% of the issued share capital of the target at completion . Expected that the entire net proceeds from the placing will be applied as the cash consideration for the acquisition under the spa .  Full Article

Asian Citrus issues profit warning<0073.HK>
Thursday, 11 Aug 2016 10:05am EDT 

Asian Citrus Holdings Ltd <0073.HK>: ...more trading update, profit warning and date of board meeting <0073.HK> . Core net loss for second HY is expected to slightly improve compared to the core net loss for the first half year . Full year result for FY 2016 is anticipated to be significant worse off than that in FY 2015 . Sees write-off of biological assets and provision for impairment losses on capitalised planting costs for tree removal of RMB150 million for FY ended 30 June . Anticipated that the group's turnover for FY 2016 will be lower .  Full Article

Asian Citrus Holdings Ltd issues H1 2016 profit outlook
Thursday, 28 Jan 2016 04:31am EST 

Asian Citrus Holdings Ltd:For six months ended 31 December 2015 turnover will be decrease and core net loss will be significantly higher.Says profitability was impacted by the need to apply additional pesticides.  Full Article

Asian Citrus Holdings Ltd To Close Orange Plantation After Disease Outbreak - DJN
Monday, 28 Dec 2015 08:33pm EST 

Asian Citrus Holdings Ltd:Asian Citrus Holdings Ltd is planning to close its biggest orange plantation after discovering that an outbreak of Huanglongbing disease was worse than previously anticipated - DJN.An investigation found that the disease is likely to affect 70% to 80% of trees at the Xinfeng plantation in China, Asian Citrus said Tuesday. - DJN.The company, which also operates two other large orange plantations in China, said it expects to record impairment losses of around 850 million renminbi ($131.2 million) due to the closure. - DJN.The Xinfeng plantation has 1.28 million orange trees, according to Asian Citrus's website, compared with 1.05 million at the company's Hunan plantation and 1.2 million at the Hepu plantation. - DJN.  Full Article

Asian Citrus Holdings Ltd appoints Ng Ong Nee as Chairman
Tuesday, 4 Aug 2015 07:15am EDT 

Asian Citrus Holdings Ltd:Says Ng Ong Nee was appointed as the chairman of the board.Says Ng Hoi Yue re-designated from independent non-executive director to executive director; appointed as deputy CEO.  Full Article

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BRIEF-Asian Citrus refers to announcement on delay in publication of its annual results

* Considering its options and has initiated formal legal procedures to change relevant senior management members of relevant subsidiaries