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Ground International Development Ltd (0989.HK)

0989.HK on Hong Kong Stock

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Ground International Development expects to record a net profit for year ending 31 march 2017
Monday, 13 Mar 2017 10:38am EDT 

Ground International Development Ltd <0989.HK>: Expected to record a net profit attributable to shareholders for year ending 31 march 2017 .Such turnaround is due to fact that group is expected to recognise sale of properties of about rmb850 million.  Full Article

Ground International Development enters subscription agreements
Monday, 9 Jan 2017 05:07pm EST 

Ground International Development Ltd <0989.HK> : company entered into subscription agreements . subscription agreements with each of subscribers respectively . subscribers have conditionally agreed to subscribe for shares at price of hk$1.20 per subscription share .Gross proceeds from subscriptions will be hk$565.7 million.  Full Article

Ground International Development says unit entered framework agreement in relation to possible acquisition
Monday, 9 Jan 2017 05:03pm EST 

Ground International Development Ltd : Framework agreement in relation to a possible acquisition . Ground international development ltd - wise earn limited entered into a non-legally enforceable framework agreement .Subsidiary agreed to acquire entire equity interest in target companies from vendors.  Full Article

Ground International Development updates on pledge of securities by controlling shareholder
Wednesday, 21 Dec 2016 05:25am EST 

Ground International Development Ltd <0989.HK> : Charm Success , Ka Yik Investments to pledge 1.70 billion ordinary shares & 3.74 billion preference shares of co as security for bank facility .Charm Success, substantial shareholder of co, as borrower, entered into facility letter with authorised institution.  Full Article

Ground Properties enters into subscription agreements<0989.HK>
Sunday, 7 Aug 2016 07:44pm EDT 

Ground Properties Co Ltd <0989.HK>: Says company entered into seven separate gm subscription agreements with seven gm subscribers . Says gross proceeds from the gm subscriptions will be hk$170 million . On 5 August, company also entered into two separate cb subscription agreements . Assuming all sm subscription shares are fully subscribed, gross proceeds from sm subscriptions will be hk$130 million . Gross proceeds from the issue of the convertible bonds will be hk$200 million . Company also entered into seven separate sm subscription agreements with seven sm subscribers .  Full Article

Ground Properties issues profit warnings<0989.HK>
Monday, 30 May 2016 06:42am EDT 

Ground Properties Co Ltd <0989.HK>: Update on profit warning <0989.HK> . Expected a significant increase in the net loss for the year ended 31 March 2016 of over 250% . Result due to increase in profit from operation arising from group's telecommunications retail sales and management services segment .  Full Article

Ground Properties expects to record increase in loss for FY
Monday, 14 Mar 2016 12:45am EDT 

Ground Properties Co Ltd:Expected the group may record a significant increase of over 250% in its net loss for the year ending 31 March 2016.Increase in loss attributable to significant increase in legal and professional fees by over hk$30 million.  Full Article

Ground Properties Co Ltd entered into the agreement with the vendors
Friday, 11 Sep 2015 08:36am EDT 

Ground Properties Co Ltd:Major acquisition in relation to the acquisition of the entire equity interest in jilin wan sheng property development company.Says entered into the agreement with the vendors.Deal for consideration of150 million yuan.Says target is primarily engaged in property development in jilin province.Says consideration will be fully paid in cash.  Full Article

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