China Chengtong Development Group Ltd (0217.HK)
17 Aug 2017
Latest Key Developments (Source: Significant Developments)
Aug 10 (Reuters) - China Chengtong Development Group Ltd <0217.HK>::Board has resolved not to declare any interim dividends.Turnover for six months ended 30 June 2017 amounted to approximately HK$662.08 million, up 130 percent.HY profit for period attributable to owners of company HK$6.1 million versus HK$32.0 million. Full Article
Aug 3 (Reuters) - China Chengtong Development Group Ltd <0217.HK>::Expected to record an unaudited consol profit after tax of about HK$5.49 million for HY.Expected result due to expansion of bulk commodity trade & increase in staff cost of the group. Full Article
China Chengtong Development Group Ltd <0217.HK>: Proposed Spin-off And Separate Listing Of The Travel Investment Business On The Growth Enterprise Market Of The Stock Exchange Of Hong Kong Limited . Considering a separate listing of co's business regarding marine entertainment services, resort hotel operation and travel agency services . Considering feasibility of a proposed spin-off and separate listing of the services on growth enterprise market of stock exchange . No final decision has been made by board as to whether and when proposed spin-off will proceed . Company submitted a proposal on proposed spin-off to stock exchange .Shareholders and potential investors should be aware that there is no assurance that proposed spin-off will take place or if it does, when it will take place. Full Article
(The following statement was released by the rating agency) HONG KONG/SHANGHAI, May 04 (Fitch) Fitch Ratings has affirmed the rating on China Chengtong Development Group Limited's CNY600 million 4% credit-enhanced senior unsecured bonds denominated in offshore Chinese yuan and due 9 May 2017 at 'A'. KEY RATING DRIVERS Irrevocable Standby Letter of Credit: The rating reflects the credit enhancement provided to investors by the Beijing branch of Agricultural Bank of China Limited (ABC; A/Stable).