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Ground International Development Ltd (0989.HK)

0989.HK on Hong Kong Stock

1.84HKD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Ground International Development enters corporate guarantee for provision of loan of RMB149 mln
Friday, 25 Aug 2017 08:36am EDT 

Aug 25 (Reuters) - Ground International Development Ltd <0989.HK>:Entered corporate guarantee in favour of bank as security for provision of loan of rmb149 million by bank to ground investment.Loan agreement has been entered into under which ground investment holding to advance a sum of rmb160 million to group.  Full Article

Ground International Development says Shanghai Jinhan entered disposal deal
Friday, 30 Jun 2017 08:36am EDT 

June 30 (Reuters) - Ground International Development Ltd <0989.HK>:Shanghai Jinhan entered into disposal agreement with Jilin Guangyuan.Group is expected to record an unaudited gain on disposal of approximately RMB332,220.Shanghai Jinhan agreed to sell equity interests on Shanghai cm concepts communications products franchise sale co for RMB 43 million​.  Full Article

Ground International Development says FY net profit RMB70.8 million
Wednesday, 7 Jun 2017 08:12pm EDT 

June 8 (Reuters) - Ground International Development Ltd <0989.HK>:FY revenue RMB1.23 billion versus RMB624.4 million.Fy net profit RMB70.8 million versus loss of RMB118.1 million.  Full Article

Ground International Development updates on acquisition in Yanji City
Tuesday, 16 May 2017 06:47am EDT 

May 16 (Reuters) - Ground International Development Ltd <0989.HK>::On 10 May 2017, unit succeeded in a public tender for acquisition of land use right of a land parcel in Yanji City.Deal for total consideration of approximately RMB65.6 million.  Full Article

Ground International Development unit enters into subscription agreements
Sunday, 14 May 2017 08:22pm EDT 

May 15 (Reuters) - Ground International Development Ltd <0989.HK>:Unit entered into subscription agreements with FR Guarantee.FR Guarantee subscribed for financial products with a principal amount of RMB310 million and RMB24 million respectively.  Full Article

Ground International Development says it entered into a deed of termination with subscriber-A
Thursday, 27 Apr 2017 08:26pm EDT 

April 28 (Reuters) - Ground International Development Ltd <0989.HK>:Company entered into a deed of termination with subscriber-a on 27 april 2017 to terminate subscription agreement-a.Termination of subscription agreement has no material adverse impact on financial position of group.  Full Article

Ground International Development says to establish a joint venture company in PRC
Friday, 31 Mar 2017 08:17am EDT 

Ground International Development Ltd <0989.HK>: It is proposed that company and possible jv partners are to establish a joint venture company in prc . Registered capital of jv company is initially set as rmb100 million . It is proposed that jv company will be owned beneficially as to 80% by company and as to 20% by possible jv partners . JV company will be principally engaged in development of a cultural-tourism project in nanchang . Co entered into a non-legally binding memorandum of understanding with jiangxi shengshuitang cultural tourism development .Upon establishment, jv company will become a non-wholly owned subsidiary of company.  Full Article

Ground International Development says unit entered into MOU with Changchun Ouya
Friday, 31 Mar 2017 08:12am EDT 

Ground International Development Ltd <0989.HK>: Ground international Group, a unit, entered into non-legally binding memorandum of understanding with changchun ouya shenlongwan tourism ltd . GIGL proposed to inject cash of rmb200 million into target company .Upon completion of proposed capital injection, co is expected to be interested in 25% equity interest in target co.  Full Article

Ground International Development says Jl Huicheng enters public tender equity transfer agreements
Tuesday, 28 Mar 2017 10:39am EDT 

Ground International Development Ltd <0989.HK> : Purchaser and Jl Huicheng entered into public tender equity transfer agreements . Purchaser, Hs Investment, Yw Trading, Jh Investment and Jl Fengrun entered into sp agreement . Sp agreement in relation to acquisitions of entire equity interest in Jl Zhongye and Jl Fengrun . Total consideration for zy sale interest is rmb355.8 million .Total consideration for fr sale interest is rmb100.1 million.  Full Article

Ground International Development Ltd updates on disposal of convertible bonds
Monday, 27 Mar 2017 08:40pm EDT 

Ground International Development Ltd <0989.HK> : Disposal of convertible bonds in principal amount of HK$212.5 million .Informed by Ka Yik Investments Ltd, controlling shareholder of co, Ka Yik entered into deal of proposed disposal of convertible bonds.  Full Article

BRIEF-Ground International Development enters corporate guarantee for provision of loan of RMB149 mln

* Entered corporate guarantee in favour of bank as security for provision of loan of rmb149 million by bank to ground investment

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