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CITIC Resources Holdings Ltd (1205.HK)

1205.HK on Hong Kong Stock

0.90HKD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Citic Resources expects an increase in profit attributable for six months ended 30 June 2017
Monday, 17 Jul 2017 07:31am EDT 

July 17 (Reuters) - Citic Resources Holdings Ltd <1205.HK>:Expecting to record a significant increase in consolidated profit attributable to shareholders for six months ended 30 June 2017.Expected result due to an improvement in performance of oil business of group.Expected result due to increase in fair value gain in respect of group's interest in AWC.  Full Article

CITIC Resources says directors propose share premium reduction
Friday, 31 Mar 2017 04:43am EDT 

Citic Resources Holdings Ltd <1205.HK> : directors propose share premium reduction as they consider it unnecessary to maintain share premium account at its current level. . Board intends to put a proposal to shareholders at annual general meeting to reduce share premium of company . it is proposed that an amount of hk$9.70 billion standing to credit of share premium account be reduced and cancelled . implementation of share premium reduction will not, in itself, have any material adverse effect on underlying assets, liabilities, business operations . proposed that remaining balance of hk$500 million of credit arising from share premium reduction be transferred to contributed surplus account .proposed that hk$9.20 billion of of credit arising from share premium reduction be applied towards offsetting entire amount of accumulated losses of co.  Full Article

Citic Resources Holdings updates on legal claim against subsidiary
Wednesday, 29 Mar 2017 06:11am EDT 

Citic Resources Holdings Ltd <1205.HK> : Legal Claim Against Subsidiary Voluntary Announcement . Shengli Oilfield Keer Engineering And Construction commenced a legal claim in Dalian Maritime Court, China against Tincy Group Energy Resources . "Tincy disputes claim and is seeking legal advice on defending claim" .Shengli Keer is seeking compensation from Tincy of rmb29.5 million.  Full Article

Citic Resources says nominees secured financial support from Australia
Thursday, 19 Jan 2017 08:07pm EST 

Citic Resources Holdings Ltd <1205.HK> : Portland Aluminium Smelter to restart capacity lost after power outage voluntary announcement . Citic nominees secured financial support from State Government of Victoria & Commonwealth Government of Australia . Secured financial support to assist in funding restart of smelter and on-going operations under four year agreements . Citic nominees has entered into a new hedging agreement with AGL Energy in relation to supply of electricity to smelter .Announcement follows power outage in Dec 2016 which disrupted operations & caused reduction in production capacity at Portland Aluminium Smelter.  Full Article

Citic Resources says nominees secured financial support from Australia<1205.HK>
Thursday, 19 Jan 2017 06:24pm EST 

Citic Resources Holdings Ltd <1205.HK> : Portland Aluminium Smelter to restart capacity lost after power outage voluntary announcement . Citic nominees secured financial support from State Government of Victoria & Commonwealth Government of Australia . Secured financial support to assist in funding restart of smelter and on-going operations under four year agreements . Citic nominees has entered into a new hedging agreement with AGL Energy in relation to supply of electricity to smelter .Announcement follows power outage in Dec 2016 which disrupted operations & caused reduction in production capacity at Portland Aluminium Smelter.  Full Article

Citic Resources Holdings updates on dispute in China with Shanxi Coal Import & Export Co
Thursday, 19 Jan 2017 04:27am EST 

Citic Resources Holdings Ltd <1205.HK>: Citic Resources-update On Dispute In China With Shanxi Coal Import & Export Co., Ltd. <1205.HK> . Refers to a civil ruling of Shanxi Court, Shanxi Coal i/e's claim against cact for sum of US$89.8 million plus interest . Civil legal proceedings against Cact by Shanxi Coal i/e under claim will be terminated .Claims and costs in respect of claim, has been transferred to public security bureau..  Full Article

CITIC Resources expects to record profit for six months ended June 30<1205.HK>
Monday, 4 Jul 2016 06:08am EDT 

CITIC Resources Holdings Ltd <1205.HK>: Positive profit alert <1205.HK> . Expecting to record an unaudited consolidated profit attributable for the six months ended 30 June 2016 . Expected net profit primarily attributable to pre-tax fair value gain recorded in respect of group's interest in alumina limited .  Full Article

CITIC Resources enters MOU with ITOCHU<1205.HK><8001.T>
Tuesday, 21 Jun 2016 08:00pm EDT 

CITIC Resources Holdings Ltd <1205.HK>: Company entered into MOU with ITOCHU Corporation . Mou enables companies to identify, review, co-acquire and co-invest in suitable oil and gas exploration and production assets and projects .  Full Article

Itochu launches joint research with CITIC Group for potential oil and gas investment - Nikkei<1205.HK><8001.T>
Tuesday, 21 Jun 2016 03:44pm EDT 

Nikkei: Itochu launches joint research with CITIC Group to find investment projects in oil and gas development - Nikkei .Itochu, CITIC Resources to consider acquiring stakes in low-risk projects; each company could invest combined $946 million or more per project - Nikkei.  Full Article

CITIC Resources updates on disposal of assets<1205.HK>
Monday, 9 May 2016 07:34pm EDT 

CITIC Resources Holdings Ltd <1205.HK>: Voluntary announcement disposal of olive downs south, olive downs south extended, willunga and olive downs north coal interests <1205.HK> . Deal for A$16.2 million . The group will record an investment gain from the disposal .  Full Article