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China Chengtong Development Group Ltd (0217.HK)

0217.HK on Hong Kong Stock

17 Aug 2017
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HK$0.01 (+2.15%)
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Latest Key Developments (Source: Significant Developments)

China Chengtong Development Group says HY Turnover was up 130 percent​
Thursday, 10 Aug 2017 08:50am EDT 

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

China Chengtong Development Group expects to record HY profit
Thursday, 3 Aug 2017 07:35am EDT 

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 updates on Travel Investment Business spin-off
Monday, 26 Sep 2016 09:17am EDT 

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

Fitch Affirms China Chengtong's Credit-Enhanced Bonds at 'A'

(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).

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