Key Developments: Guocang Group Ltd (0559.HK)

0559.HK on Hong Kong Stock

0.52HKD
22 May 2015
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Latest Key Developments (Source: Significant Developments)

Guocang Group Ltd proposes name change
Tuesday, 31 Mar 2015 06:09pm EDT 

Guocang Group Ltd:Proposes to change the English name of the company from ‘‘Guocang Group Limited’’ to ‘‘Xingmei New Energy Group Limited’’ and to adopt and register as the secondary name of the company to replace the current Chinese name.  Full Article

Guocang Group Ltd gives H1 2015 earnings guidance
Monday, 9 Feb 2015 07:56am EST 

Guocang Group Ltd:Expects to record net loss for H1 2015 as compared to net profit for H1 2014.Says that loss was mainly attributable to (i) the substantial decrease of turnover by about HK$100 million and gross profit margin of liquor and wine business as compared to the corresponding period of 2013.And (ii) loss on fair value change of listed securities investments of about HK$66 million, which were partly offset by the gain on disposal of subsidiaries of about HK$43 million.  Full Article

Guocang Group Ltd announces acquisition of Green Flourish Enterprises Ltd and the sale loan
Thursday, 5 Feb 2015 03:16am EST 

Guocang Group Ltd:Says Yam Tak Cheung (the Vendor), the company and the Executive entered into the acquisition agreement.Says pursuant to which the company has conditionally agreed to acquire and the Vendor has conditionally agreed to sell the Sale Share, representing the entire issued share capital of the Target Company and the Sale Loan.Says the Executive has agreed to enter into the Service Contract with the PRC Company at Completion.Says aggregate consideration for the sale share and the sale loan is HK$193,777,200.Says consideration will shall be satisfied by the company by way of allotment and issue of 538,270,000 consideration shares, credited as fully paid, at an issue price of HK$0.36 per consideration share to the Vendor (or his nominee) at completion.  Full Article

Guocang Group Ltd completes disposal of Hua Yi Copper (BVI) Co Ltd
Tuesday, 25 Nov 2014 05:09am EST 

Guocang Group Ltd:Refers to the announcement dated Aug. 29.Says all conditions precedent under the SPA (as supplemented by the Supplemental Agreement) have been fulfilled and the Completion took place on Nov. 25.Upon completion, the company will not have any interest in the target group and the target group will cease to be subsidiaries of the company.  Full Article

Guocang Group Ltd does not recommend dividend
Monday, 29 Sep 2014 11:47am EDT 

Guocang Group Ltd:Does not recommend the payment of any dividend for the year ended June 30, 2014 (2013: nil).  Full Article

Guocang Group Ltd gives FY 2014 loss outlook
Tuesday, 23 Sep 2014 06:36am EDT 

Guocang Group Ltd:Expects to record a decrease in the net loss for FY 2014 as compared to that for FY 2013.The loss was mainly attributable to the segment results from the liquor and wine business, investments in listed securities, cable and wires business and copper rods business; and the impairment losses on intangible assets and goodwill.  Full Article

Guocang Group Ltd announces disposal of 100 pct interests of Hua Yi Copper (BVI) Company Limited
Thursday, 24 Jul 2014 10:10am EDT 

Guocang Group Ltd:To sell and the Zhan Liang Holdings Limited (Purchaser) has conditionally agreed to purchase the sale share, representing 100 pct issued share capital of the Hua Yi Copper (BVI) Company Limited (target company) subject to the terms and conditions of the SPA at a total consideration of HK$136.5 mln.After deducting professional fees in connection with the Disposal, it is estimated that the net proceeds from the Disposal would be about HK$135 mln.Intends to use the net proceeds from the Disposal as general working capital.  Full Article

Guocang Group Ltd do not recommend interim dividend
Thursday, 27 Feb 2014 09:22am EST 

Guocang Group Ltd:Says the directors do not recommend the payment of any interim dividend for the six months ended Dec. 31, 2013 (six months ended Dec. 31, 2012: nil).  Full Article

Guocang Group Ltd gives H1 2014 earnings guidance
Tuesday, 14 Jan 2014 08:43am EST 

Guocang Group Ltd:Says based on the management’s preliminary assessment of the group’s unaudited consolidated management accounts for H1 2014 and information currently available, the group expects to record a net profit for H1 2014 as compared to a net loss for H1 2012.  Full Article

PetroChina Company Limited selects Guocang Group Ltd's subsidiary as cooperation partner
Monday, 13 Jan 2014 06:47am EST 

Guocang Group Ltd:Says Guocang Liquor & Wine Merchant Limited (Guocang), an indirect subsidiary of the company, has been selected as a cooperation partner of uSmile (uSmile) of branch marketing company of PetroChina Company Limited (PetroChina Marketing Co) in the area of liquor for the period from Jan. 01 to Dec. 31.Says as a cooperation partner of uSmile, Guocang is an authorised supplier of liquor products to uSmile convenience stores which are operated by PetroChina Marketing Company for the period from Jan. 01 to Dec. 31.  Full Article

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