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SOCAM Development Ltd (0983.HK)

0983.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

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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