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New Times Energy Corp Ltd (0166.HK)

0166.HK on Hong Kong Stock

0.17HKD
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

New Times Energy Corp enters into subscription agreement with the subscriber<0166.HK>
Tuesday, 17 May 2016 08:01am EDT 

New Times Energy Corp Ltd <0166.HK>: Connected transaction relating to the subscription of new shares by a substantial shareholder; (2) issue of the subscription shares under specific mandate; (3) application for whitewash waiver; and (4) appointment of independen . Company entered into the subscription agreement with the subscriber . Net proceeds to be raised from the subscription will be approximately hk$446.9 million .  Full Article

New Times Energy Corp Ltd issues FY 2015 Profit warning
Friday, 11 Mar 2016 04:58am EST 

New Times Energy Corp Ltd:Expected to record a significant loss for the year ended 31 December 2015.Expected loss was mainly attributable to the significant impairments on certain of the group's oil and gas assets.  Full Article

New Times Energy Corp Ltd completes placing of new shares
Thursday, 9 Jul 2015 04:16am EDT 

New Times Energy Corp Ltd:Completed Placing on July 09 in accordance with the terms and conditions of the Placing Agreement dated June 23.A total of 415,000,000 Placing Shares have been successfully placed to not less than six independent Placees at the Placing Price of HK$0.268 per Placing Share.Et proceeds from the Placing, after deducting commission and related expenses, are approximately HK$107,874,000.  Full Article

New Times Energy Corp Ltd announces placing
Tuesday, 23 Jun 2015 08:22am EDT 

New Times Energy Corp Ltd:Entered into the placing agreement with the placing agent.Pursuant to which, the placing agent has conditionally agreed to place to not less than six independent placees for up to 415 mln new shares at the placing price of HK$0.268 per placing share.The maximum gross proceeds from the Placing will be HK$111,220,000.The maximum net proceeds, after deducting commission and related expenses, are estimated to be HK$107,818,000.The company intends to apply the net proceeds from the Placing as the Group’s general working capital, for financing the Group’s future investment opportunities and for repayment of certain debts upon due.  Full Article

New Times Energy Corp Ltd gives FY 2014 loss outlook
Monday, 23 Mar 2015 06:20am EDT 

New Times Energy Corp Ltd:Says the group expects to record a net loss for FY 2014 as compared to the net profit in FY 2013.  Full Article

New Times Energy Corp Ltd announces issue of notes
Tuesday, 7 Oct 2014 08:31am EDT 

New Times Energy Corp Ltd:Enters into the Subscription Agreement pursuant to which the company has agreed to issue HK$18,000,000 in aggregate principal amount of 8 pct unsubordinated and unsecured Notes and the Subscribers have agreed to purchase the Notes from the company.Maturity date July 30, 2019.Says the net proceeds of the Issue (after deducting the commissions and other related costs and expenses) will be utilised by the Group as general working capital.  Full Article

New Times Energy Corp Ltd announces change of auditors
Tuesday, 16 Sep 2014 06:40am EDT 

New Times Energy Corp Ltd:Says that Crowe Horwath (HK) CPA Ltd (Crowe Horwath (HK)) has resigned as auditors of company with effect from Sept. 16.Says Board appointed Messrs. KPMG (‘KPMG’) as auditors of company with effect from Sept. 16.  Full Article

New Times Energy Corp Ltd proposes acquisition of 42.1pct equity interest of Full Charming Limited
Monday, 8 Sep 2014 09:21am EDT 

New Times Energy Corp Ltd:Enters into the acquisition agreement with the Vendor, pursuant to which the Purchaser agreed to acquire the shares representing 42.1pct of equity interest of the target company at an aggregate Consideration of HK$46,655,000.Says of which a sum of 10,000,000 yuan (equivalent to about HK$12,500,000) shall be payable in cash by the Purchaser to the Vendor within 15 business days from the execution date of the acquisition agreement.Remaining balance of HK$34,155,000 shall be paid by the allotment and issue of an aggregate of 68,310,000 consideration shares by the company to the Vendor.  Full Article

New Times Energy Corp Ltd does not recommend dividend
Thursday, 28 Aug 2014 10:22am EDT 

New Times Energy Corp Ltd:Do not recommend any payment of an interim dividend for the six months ended June 30, 2014 (for the six months ended June 30, 2013: Nil).  Full Article

New Times Energy Corp Ltd announces issue of notes
Friday, 15 Aug 2014 07:36am EDT 

New Times Energy Corp Ltd:To issue HK$20,000,000 in aggregate principal amount of 8 pct unsubordinated and unsecured notes.Maturity date July 30, 2019.Net proceeds will be utilised by the Group as general working capital.  Full Article

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