DeTai New Energy Group Ltd (0559.HK) Key Developments | Reuters.com
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DeTai New Energy Group Ltd (0559.HK)

0559.HK on Hong Kong Stock

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Guocang Group Ltd issues FY 2015 profit outlook
Wednesday, 17 Feb 2016 06:46am EST 

Guocang Group Ltd:Expected to record an increase in the net loss for the six months ended 31 December 2015 as compared to that for the corresponding period of 2014.Loss was mainly attributable to the substantial decrease of turnover by approximately HK$30 million and gross profit margin of liquor and wine business as compared to the corresponding period of 2014.  Full Article

Guocang Group Ltd says purchaser delivered unilateral termination notice to terminate framework agreement
Thursday, 1 Oct 2015 07:47pm EDT 

Guocang Group Ltd:Says Purchaser delivered unilateral termination notice to vendors and target company to terminate framework agreement with immediate effect.Board considers that lapse of framework agreement will not have any material adverse impact on business, operation and financial position of group.References are made to the announcements of Guocang Group Limited in relation to, among other things, the acquisition of the entire equity interest in Shenzhen Xingmei New Energy Automobile Limited for the consideration of 200,000,000 yuan.  Full Article

Guocang Group Ltd announces acquisition
Tuesday, 28 Jul 2015 10:37am EDT 

Guocang Group Ltd:Entered into a non-legally binding memorandum with the vendor in relation to the possible acquisition.Consideration shall be satisfied by the company by allotment and issue of consideration shares and warrants.Upon Completion, the Group will indirectly own 51 pct of the equity interest of the PRC company.The PRC company owns 49 pct equity interest in CNOOC Green Energy.  Full Article

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

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