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SOCAM Development Ltd (0983.HK)

0983.HK on Hong Kong Stock

1.88HKD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Socam Development announces deals with Win Lead & Fine Ace Investments
Thursday, 7 Sep 2017 10:49am EDT 

Sept 7 (Reuters) - Socam Development Ltd <0983.HK>::Wealth Frame to acquire and Win Lead Holdings to sell Win Lead shares for total consideration of about HK$293.68 million.Wealth Frame agrees to buy 50 percent of Cosy Rich from Fine Ace Investments for about HK$42.34 million.  Full Article

SOCAM Development says HY loss attributable HK$197 million
Tuesday, 29 Aug 2017 07:14am EDT 

Aug 29 (Reuters) - SOCAM Development Ltd <0983.HK>::HY loss attributable to shareholders hk$197 million versus loss of hk$711 million.HY total turnover hk$3.59 billion versus hk$3.36 billion.  Full Article

Socam Development reduction in net loss for six months ended 30 June 2017
Wednesday, 9 Aug 2017 04:44am EDT 

Aug 9 (Reuters) - Socam Development Ltd <0983.HK>::Expects to record a substantial reduction in net loss of approximately hk$500 million, or around 70%, for six months ended 30 june 2017.Expected result due to lower overheads as a result of group's effort in streamlining its operations.  Full Article

Socam Development enters into sale and purchase agreement
Friday, 4 Aug 2017 08:32am EDT 

Aug 4 (Reuters) - Socam Development Ltd <0983.HK>::Company entered into sale and purchase agreement with purchasers, all being employees of Socon Group.Co has agreed to sell representing 15% of issued share capital of Socon, for a total consideration of HK$75 million.  Full Article

Socam Development says it entered into a purchase agreement with UBS and DBS
Monday, 5 Jun 2017 06:18pm EDT 

June 6 (Reuters) - Socam Development Ltd <0983.HK>:‍company entered into purchase agreement with ubs and dbs in connection with additional notes issue​.Socam development - additional issuance of usd80mln 6.25% senior notes due 2020 to be consolidated and form a single series with usd200mln 6.25% senior notes.Socam development- estimated net proceeds of additional notes issue will amount to approximately usd79 million.  Full Article

Socam Development announces issuance of us$200 million 6.25% senior notes due 2020
Thursday, 27 Apr 2017 06:16pm EDT 

April 28 (Reuters) - Socam Development Ltd <0983.HK>-:Issuance of us$200 million 6.25% senior notes due 2020 and disclosure pursuant to rule 13.18 of listing rules.Company entered into purchase agreement with ubs and dbs in connection with notes issue.Estimated net proceeds of notes issue will amount to approximately us$196 million.  Full Article

Socam Development updates on financial support agreement
Monday, 5 Dec 2016 08:23am EST 

Socam Development Ltd <0983.HK> : Main zone was informed that innovate zone has entered into second financial support agreement with richcoast .pursuant to agreement innovate zone has agreed to provide a unilateral loan in an amount up to rmb289 million.  Full Article

SOCAM Development says Wong Fook Lam, Raymond will retire as CFO
Wednesday, 16 Nov 2016 04:25am EST 

Socam Development Ltd <0983.HK>: Wong Yuet Leung, Frankie has been appointed as an executive director, chief executive officer and CFO .Wong Fook Lam, Raymond managing director and chief financial officer of company, will retire from employment.  Full Article

SOCAM Development enters into disposal agreement<0983.HK>
Monday, 29 Aug 2016 08:48am EDT 

SOCAM Development Ltd <0983.HK>: Discloseable transaction - disposal of 35% equity interest in Nanjing Jiangnan Cement Co., Ltd. <0983.HK> . Vendor and the purchaser entered into the framework agreement . Says the total transaction amount, initially being approximately RMB147.6 million . Purchaser agreed to provide purchaser's loans to target company for partial settlement of vendor's advances . Group will record a gain of approximately HK$34.2 million on the transaction . Says net proceeds will be used by the group to primarily reduce bank borrowings . Net proceeds from transaction of about RMB135.1 million will be used to primarily reduce bank borrowings .  Full Article

SOCAM Development updates on engagement of contractor for fit-out works<0983.HK>
Friday, 12 Aug 2016 08:31am EDT 

SOCAM Development Ltd <0983.HK>: Connected transaction - engagement of contractor for fit-out works <0983.HK> . Says total contract sum of approximately RMB2.46 million . Jiangsu Jiu Xi confirmed the engagement of Shanghai pat Davie as a contractor to carry out .  Full Article

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