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China Best Group Holding Ltd (0370.HK)

0370.HK on Hong Kong Stock

0.14HKD
26 May 2017
Change (% chg)

HK$0.01 (+4.32%)
Prev Close
HK$0.14
Open
HK$0.14
Day's High
HK$0.16
Day's Low
HK$0.14
Volume
37,800,000
Avg. Vol
26,202,775
52-wk High
HK$0.25
52-wk Low
HK$0.13

Latest Key Developments (Source: Significant Developments)

China Best Group says Tan Xiangdong has resigned as chairman
Monday, 3 Apr 2017 05:23am EDT 

China Best Group Holding Ltd <0370.HK>- : Resignation Of Chairman And Executive Director And Chairman Of Executive Committee . Tan Xiangdong has resigned as chairman of board and executive director of company .Tan will also cease to be chairman of executive committee of company.  Full Article

China best group holding says unit enters into sale and purchase agreement
Monday, 13 Mar 2017 08:12am EDT 

China Best Group Holding Ltd <0370.HK>: Vendor, a wholly owned subsidiary of company, entered into sale and purchase agreement with purchaser . Pursuant to which vendor agreed to sell, and purchaser agreed to purchase, sale shares at consideration of hk$120 million .Group's gains from disposal (after deducting for relevant taxes and expenses) are expected to be not less than hk$20 million.  Full Article

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

More From Around the Web

BRIEF-China Best Group Holding updates on acquisition of five target companies

* Deal pursuant to which purchaser has conditionally agreed to purchase,vendor has conditionally agreed to sell sale shares at HK$200 million

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