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GCL New Energy Holdings Ltd (0451.HK)

0451.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Gcl New Energy expects to record profit of not less than RMB280 mln for year
Tuesday, 14 Mar 2017 07:40am EDT 

Gcl New Energy Holdings Ltd <0451.HK>: Expects to record an anticipated profit attributable to owners of company from remaining solar energy business of not less than rmb280 million for year .Expected result due to increase in number of solar farms in china to 87 as at 31 december 2016 from 41 as at 31 december 2015.  Full Article

GCL New Energy Holdings says unit entered into JV agreement
Friday, 3 Mar 2017 09:41am EST 

Gcl New Energy Holdings Ltd <0451.HK>: Suzhou GCL New Energy, a unit, and GCL System Suzhou entered into JV agreement . Initial registered capital of JV company shall be and capital rmb200 million . Pursuant agreement, Suzhou GCL New Energy and GCL System Suzhou agreed to invest rmb102 million and rmb98 million into jv co .Purpose of jv co is design, procurement and construction of photovoltaic power station opportunities sourced by GCL System Suzhou.  Full Article

BRIEF-GCL New Energy says unit entered into 100mw module sales agreement (March 2)
Friday, 3 Mar 2017 01:59am EST 

Corrects first bullet point to say unit entered into sales agreement as a customer, not supplier.GCL New Energy Holdings Ltd <0451.HK>: Unit as customer entered into a 100mw module sales agreement . Deal at a consideration of RMB320 million .Agreement for supply and purchase of 100 million watts of solar modules for Nanjing GCL New Energy's photovoltaic power station projects.  Full Article

GCL New Energy says unit entered into 100mw module sales agreement
Thursday, 2 Mar 2017 08:45am EST 

Gcl New Energy Holdings Ltd <0451.HK> : Unit as supplier entered into a 100mw module sales agreement . Deal at a consideration of RMB320 million .Agreement for supply and purchase of 100 million watts of solar modules for Nanjing Gcl New Energy's photovoltaic power station projects.  Full Article

GCL New Energy entered into Haifeng Finance Lease Agreements
Thursday, 23 Feb 2017 07:57am EST 

Gcl New Energy Holdings Ltd <0451.HK> : Group entered into Haifeng Finance lease agreements .Pursuant to deal citic financial leasing shall purchase from Nanjing GCL New Energy Aifeng leased assets at a consideration of RMB280 mln.  Full Article

GCL New Energy Holdings enters into finance lease agreements
Thursday, 19 Jan 2017 09:42am EST 

GCL New Energy Holdings Ltd <0451.HK>: GNE Group entered into Ruzhou finance lease agreements . Cinda Financial Leasing shall purchase from Nanjing GCL New Energy Ruzhou leased assets . Deal for RMB504.5 million .Cinda Financial Leasing as lessor shall lease Ruzhou leased assets to Ruzhou GCL at an aggregate estimated rent of RMB538 million.  Full Article

Gcl New Energy Holdings updates on disposal of the printed circuit board business
Friday, 30 Dec 2016 06:17am EST 

Gcl New Energy Holdings Ltd <0451.HK> : Gne and purchaser entered into sale and purchase agreement . Purchaser being Yip Sum Yin . GCL-Poly directors expect that GCL-poly group would record from proposed disposal an unaudited loss before taxation of rmb138.4 million . GNE and purchaser entered into sale and purchase agreement, GNE has agreed to sell, entire equity interest in target . Deal for fixed price of hk$250 million plus adjustment amount .GNE directors expect that GNE group would record from proposed disposal an unaudited loss before taxation of approximately rmb183.2 million.  Full Article

GCL New Energy updates on finance lease agreements
Tuesday, 20 Dec 2016 09:55am EST 

GCL New Energy Holdings Ltd <0451.HK> : GNE group entered Shanglin finance lease agreements . Citic Financial leasing shall purchase from Nanjing GCL New Energy Shanglin Leased Assets . Shanglin finance lease agreements at a consideration of RMB325 million .GNE group entered into Urad finance lease agreements at a consideration of RMB320 million.  Full Article

GCL New Energy enters finance lease agreements with China Financial Leasing
Tuesday, 20 Dec 2016 09:36am EST 

GCL New Energy: Discloseable transaction with China Financial Leasing Company . Group entered into finance lease agreements with China Financial . Entered into Huai'an finance lease agreements in relation to financing of Huai'an photovoltaic power generation equipment . China Financial shall purchase anlong photovoltaic power generation equipment from Nanjing GCL New Energy for RMB161.1 million .China Financial shall purchase Huai'an photovoltaic power generation equipment from Huai'an Rongga for RMB55 million.  Full Article

Gcl Newenergy Holdings entered into transaction agreement with Cinda financial leasing
Wednesday, 7 Dec 2016 07:54am EST 

Gcl Newenergy Holdings Ltd <0451.HK>: Cinda financial leasing shall purchase shanggao leased assets at a consideration rmb120 million . Pursuant to shanggao finance lease agreements, group agreed to pay cinda financial leasing a finance lease service fee of rmb5.8 million . Pursuant to meng finance lease agreements, group agreed to pay cinda financial leasing a finance lease service fee of rmb8.6 million . Group entered into shanggao finance lease agreements, pursuant to which cinda financial leasing shall purchase from unit shanggao leased assets .Cinda financial leasing shall purchase meng leased assets at a consideration of rmb180 million.  Full Article

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BRIEF-Gcl New Energy expects to record profit of not less than RMB280 mln for year

* Expects to record an anticipated profit attributable to owners of company from remaining solar energy business of not less than rmb280 million for year