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China Huarong Energy Co Ltd (1101.HK)

1101.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Huarong Energy posts FY loss attributable RMB3,564.8 million
Thursday, 30 Mar 2017 06:54pm EDT 

China Huarong Energy Co Ltd <1101.HK> : FY loss attributable to equity holders of co RMB3,564.8 million versus RMB6,542.9 million . Directors of company did not recommend payment of a final dividend for year ended 31 December 2016 .In FY, group recorded a negative revenue of RMB4,118.8 million.  Full Article

China Huarong Energy enters into HK$751 mln subscription deal
Monday, 16 Jan 2017 09:01am EST 

China Huarong Energy Co Ltd <1101.HK> : Company as issuer, Zhang Zhi Rong as guarantor and subscriber as subscriber entered into subscription agreements . Pursuant to deal company has conditionally agreed to issue convertible bonds in an aggregate principal amount of HK$751 million .Action Phoenix Limited is the subscriber.  Full Article

China Huarong Energy posts Says HY gross loss of RMB4.03 billion<1101.HK>
Tuesday, 30 Aug 2016 06:45pm EDT 

China Huarong Energy Co Ltd <1101.HK>: Board has resolved not to declare the payment of an interim dividend for the year 2016 . Says HY gross loss of RMB4.03 billion . Says for HY group recorded a negative revenue of RMB3.48 billion . Plans to reduce its borrowings by issuing shares of the company to satisfy certain of the group's outstanding debts . Disposal of liabilities and the subscriptions will enable the group to ease its debt burden immediately . To enter into bank creditor subscription agreements to subscribe for, up to 14.11 billion shares at hkd1.20 per share . Material uncertainties may cast significant doubt about the group's ability to continue as a going concern" .  Full Article

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