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Road King Infrastructure Ltd (1098.HK)

1098.HK on Hong Kong Stock

11.00HKD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Road King Infrastructure says unit entered into cooperation framework agreement
Thursday, 11 May 2017 07:43am EDT 

May 11 (Reuters) - Road King Infrastructure Ltd <1098.HK>::Unit entered into cooperation framework agreement in relation to formation of 50:50 joint venture to participate in tender for land.Each of MEDOS and profit city has committed up to HK$13 million of funding towards joint venture.  Full Article

Road King Infrastructure says unit to form JV to develop residential properties
Monday, 24 Apr 2017 11:08am EDT 

April 24 (Reuters) - Road King Infrastructure Ltd <1098.HK> ::Unit and Beijing Ronghui entered into cooperation framework agreement for formation of jv to develop residential properties.Beijing Ronghui won bid for land use right of land on 20 april 2017 for a consideration of rmb1.89 billion.Equity interests of jv will be held as to 49% by Guangzhou Junjie and as to 51% by Beijing Ronghui.Capital contributed by Guangzhou Junjie and Beijing Ronghui into joint venture will be rmb49 million & rmb51 million respectively.Guangzhou Junjie & Beijing Ronghui also agree to provide shareholders' loan to jv on a pro rata basis of up to rmb2,300 million.Guangzhou Junjie & Beijing Ronghui to provide shareholders' loan to pay land premium of land & finance operating cost of JV.  Full Article

Road King Infrastructure enters into articles of agreement
Tuesday, 14 Mar 2017 07:20am EDT 

Road King Infrastructure Ltd <1098.HK> : Deal at a maximum expected price of about HK$149.4 million .Entered into articles of agreement with Build King Construction, a wholly- owned subsidiary of Build King.  Full Article

Road King Infrastructure announces operating statistics for FY ended 31 December 2016
Thursday, 26 Jan 2017 05:22am EST 

Road King Infrastructure Ltd <1098.HK>: Road King Infra-unaudited Operating Statistics For The Full Year Ended 31 December 2016 <1098.HK> . Property sales for full year of 2016 comprised contracted sales of RMB17.61 billion, representing a surge of about 69% .Fy average daily traffic volume of toll road projects was increased to 219,000 vehicles.  Full Article

Road King Infrastructure HY net profit hk$218.3mln<1098.HK>
Friday, 19 Aug 2016 06:53am EDT 

Road King Infrastructure Ltd <1098.HK>: HY property sales (including joint venture projects) RMB10.52 billion versus RMB5.63 billion . Interim dividend per share hk$0.13 . HY operating profit after taxation (excluding exchange losses) hk$343 million versus hk$274 million . Group is optimistic about the prospect of the property market . "Toll Road business has provided and will continue to provide steady cash flows" . HY net profit hk$218.3mln versus hk$228.1 million .  Full Article

Road King Infrastructure says proposed issuance of US$450 mln senior notes<1098.HK>
Wednesday, 3 Aug 2016 06:14pm EDT 

Road King Infrastructure Ltd <1098.HK>: Proposed issuance of US$450 mln 5% guaranteed senior notes due 2019 <1098.HK> . Says new notes are expected to be issued on or about 9 August 2016 . Issuer, Road King and guarantors entered into subscription agreement in relation to issue of new notes . Says estimated net proceeds of the new notes issue will be approximately US$443.3 million . Net proceeds are proposed to be used to refinance the group's existing indebtedness. .  Full Article

Road King Infrastructure announces operating statistics for six months ended June 30, 2016<1098.HK>
Tuesday, 5 Jul 2016 04:44am EDT 

Road King Infrastructure Ltd <1098.HK>: Unaudited operating statistics for the six months ended 30 June 2016 <1098.HK> . Operating results of the group for the six months ended 30 June 2016 was RMB11.63 billion . The property sales for the first six months of 2016 comprised contracted sales of RMB9.06 billion .  Full Article

Road King Infrastructure says units entered into asset acquisition agreement<1098.HK>
Thursday, 30 Jun 2016 04:55am EDT 

Road King Infrastructure Ltd <1098.HK>: Discloseable transaction - acquisition of property . Deal for consideration of RMB255.8 million . Unit Suzhou Junhong, Suzhou Nanhai Mingzhu And Yancheng Runyu entered into asset acquisition agreement .Suzhou Junhong agreed to acquire, Suzhou Nanhai Mingzhu And Yancheng Runyu agreed to sell property located in Suzhou.  Full Article

Road King Infrastructure Ltd declares interim dividend
Tuesday, 1 Sep 2015 04:39am EDT 

Road King Infrastructure Ltd:To declare an interim dividend of HK$0.13 (2014: HK$0.13) per share for the six months ended 30 June 2015.Payable on Sept. 30 to the shareholders of the Co whose names appear on the register of members of the Company on Sept. 9.  Full Article

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