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China Best Group Holding Ltd (0370.HK)

0370.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Best Group Holding issues profit warning<0370.HK>
Tuesday, 12 Jul 2016 07:01am EDT 

China Best Group Holding Ltd <0370.HK>: Profit warning <0370.HK> . Expected result due to realised loss of about hk$8 million derived from trading in listed securities during the period . Expected to record a decline in profit or make a loss for six months ended 30 June 2016 .  Full Article

China Best Group says to terminate the finance lease agreement<0370.HK>
Tuesday, 5 Jul 2016 06:15am EDT 

China Best Group Holding Ltd <0370.HK>: Update on major transaction <0370.HK> . Parties agreed to terminate the finance lease agreement . termination agreement has no material adverse impact on existing business operation or financial position of group . Refers to circular dated 25 January 2016 in relation to a loan agreement and a finance lease agreement .  Full Article

China Best Group Holding issues FY 2015 profit outlook
Friday, 8 Jan 2016 03:20am EST 

China Best Group Holding Ltd:Group is expected to record a net loss for the year ended 31 December 2015.Expected result due to share-based payment expenses of HK$10 million in relation to share options.Expected result was due to unrealised fair value losses of approximately hk$48 million.  Full Article

China Best Group Holding Ltd enters into loan agreements
Monday, 2 Nov 2015 02:56pm EST 

China Best Group Holding Ltd:China Best Finance and Rongjinda Finance, which are indirect wholly-owned subsidiaries of the company, entered into the loan agreements.Says China Best Finance conditionally agreed to grant loan in the principal amount of HK$150 million.Says second loan in the principal amount of HK$150 million.Says Rongjinda Finance entered into the finance lease agreement 1 with Dishangtie.Pursuant to which Rongjinda Finance agreed to purchase the leased assets from Dishangtie at a consideration of RMB600 million.  Full Article

China Best Group Holding Ltd enters into convertible bonds subscription agreement
Thursday, 17 Sep 2015 09:25pm EDT 

China Best Group Holding Ltd:Says on 15 September securities subscribers and the company entered into a convertible bonds subscription agreement.Says trading in the shares on the stock exchange shall remain halted pending.  Full Article

China Best Group Holding Ltd gives H1 2015 net profit outlook
Friday, 3 Jul 2015 07:40am EDT 

China Best Group Holding Ltd:Says based on a preliminary review and assessment of the group’s unaudited financial information currently available.It expects to record a net profit for H1 2015 as compared to the net loss for H1 2014.The improvement of the Group’s financial results was mainly attributable to - realised gains of about HK$20 million from securities investment;.And unrealised fair value gains of about HK$100 million from investment in listed trading securities held as at June, 30.  Full Article

China Best Group Holding Ltd completes placing
Wednesday, 24 Jun 2015 07:51am EDT 

China Best Group Holding Ltd:Says the conditions set out in the placing agreement have been fulfilled and completion of the placing took place on June 24 in accordance with the terms and conditions of the placing agreement.An aggregate of 875,380,000 placing shares were successfully placed to not fewer than six placees.  Full Article

China Best Group Holding Ltd gives FY 2014 earnings guidance
Tuesday, 3 Feb 2015 09:03am EST 

China Best Group Holding Ltd:Expects to record a substantial decrease in the amount of net loss for FY 2014 as compared to the net loss for the corresponding year ended FY 2013.  Full Article

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