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China Oriental Group Co Ltd (0581.HK)

0581.HK on Hong Kong Stock

4.99HKD
21 Aug 2017
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Latest Key Developments (Source: Significant Developments)

China Oriental announces termination of memorandum of understanding
Thursday, 22 Jun 2017 05:03am EDT 

June 22 (Reuters) - China Oriental Group Co Ltd <0581.HK>::Termination of memorandum of understanding in respect of possible formation of joint ventures .Company and Oriental Sheet Piling entered into a termination agreement.Company and Oriental Sheet Piling could not reach an agreement on major terms and conditions in respect of proposed cooperation.  Full Article

China Oriental Group updates regarding litigation
Monday, 29 May 2017 05:00am EDT 

May 29 (Reuters) - China Oriental Group Co Ltd <0581.HK>:voluntary Announcement Regarding Litigation.Placing, restoration of public float was conducted in best interests of company and shareholders.Any claim to contrary is without merit and groundless​.Directors will vigorously defend against any action founded on basis that directors did not act properly and in best interest of co.Refers to announcement in relation to completion of placing of shares, restoration of public float, litigation against directors of co.  Full Article

China Oriental Group says fy profit attributable rmb 722 mln
Friday, 31 Mar 2017 09:38am EDT 

China Oriental Group Co Ltd <0581.HK>- : Fy total revenue rmb26.43 billion, up 25.4 percent . Board proposed a final dividend of hk$ 0.05 per ordinary share and a special dividend of hk$ 0.10 per ordinary share .Fy profit attributable to owners of company rmb 722 million versus loss of 767 million.  Full Article

China Oriental updates on provision of financial assistance
Monday, 20 Feb 2017 04:03am EST 

China Oriental-<0581.HK> : Voluntary announcement regarding provision of financial assistance . Jinxi Limited agreed to provide second Xin Jing loan of RMB53.67 million .Jinxi Limited and Qianxi County Xin Jing entered into second Xin Jing loan agreement.  Full Article

China Oriental Group issues profit warning
Thursday, 29 Dec 2016 03:50am EST 

China Oriental Group Co Ltd <0581.HK>: Expected result is mainly attributable to substantial impairment losses on certain fixed assets of group . Group is still expected to record a net profit for year ended 31 December 2016 .Group is expected to record a substantial decrease in net profit for six months ended 31 December 2016.  Full Article

China Oriental Group says Han Li appointed CFO
Thursday, 8 Dec 2016 05:11am EST 

China Oriental Group Co Ltd <0581.HK>: Appointment Of Chief Financial Officer <0581.HK> .Han Li has been appointed as deputy general manager and chief financial officer of company.  Full Article

China Oriental Group says Jinxi entered into agreement with Xinxuan Coal
Friday, 30 Sep 2016 04:50am EDT 

China Oriental Group Co Ltd <0581.HK> : Jinxi Limited entered into Xinxuan framework agreement with Xinxuan Coal for a term of three years .Deal for a term of three years commencing on 30 september 2016 and expiring on 31 december 2018.  Full Article

China Oriental Group HY net profit RMB528.5 million<0581.HK><3958.HK><600958.SS>
Friday, 26 Aug 2016 06:31am EDT 

China Oriental Group Co Ltd <0581.HK>: Interim results announcement for the six months ended 30 June 2016 <0581.HK> . Says board did not recommend the payment of an interim dividend for the six months ended 30 June 2016 . HY profit attributable to owners of the company RMB528.5 million versus RMB 73.7MLN . In H2 of 2016, expected that there will be no material change in the market and business environment of steel industry in the mainland China . "Expected that the steel price will remain in current level with fluctuations" . "steel industry will still face a challenging environment and the pressure on industry consolidation and reduction of overcapacity will increase" . Intends to set up jvs with oriental sheet piling , a unit of arcelormittal, to capture business opportunities of sheet piling products . In the second half of 2016, the group will continue to focus on the development of high-end steel products .  Full Article

China Oriental signs MOU for possible formation of joint ventures<0581.HK>
Tuesday, 2 Aug 2016 06:47am EDT 

China Oriental Group Co Ltd <0581.HK>: Memorandum of understanding in respect of possible formation of joint ventures <0581.HK> . Co and Oriental sheet piling, a connected person of the company, entered into a legally binding mou . Mou for parties' understanding with regard to possible formation of 2 jv to engage in production and sales of steel sheet piles products . Says commercial production of steel sheet piles products is expected to start not later than January 2018 .  Full Article

Stock Exchange of Hong Kong updates on China Oriental Group's listing
Wednesday, 27 Jul 2016 05:31am EDT 

Stock Exchange of Hong Kong : Announcement in relation to the matter of China Oriental Group Company Limited . Exchange requires company to remedy the public float issue by 27 January 2017 . "Exchange considers that co has not taken adequate action to address the public float issue for resumption of trading" .Has decided to commence procedures to cancel co's listing on ground,it has insufficient securities in hands of public for prolonged period.  Full Article