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Sre Group Ltd (1207.HK)

1207.HK on Hong Kong Stock

0.20HKD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sre Group enters deal to acquire 80% beneficial ownership interest in property in San Francisco
Sunday, 19 Feb 2017 05:18pm EST 

Sre Group <1207.HK> : Discloseable Transaction Acquisition Of 80% Beneficial Ownership Interest In Property In San Francisco, California . Buyer (a wholly-owned subsidiary of company) entered into sale and purchase agreement with seller . Acquisition of 80% beneficial ownership interest in property in San Francisco, california .Deal for cash consideration of usd88 million.  Full Article

SRE says general partners entered into JV agreement
Thursday, 29 Dec 2016 09:39am EST 

SRE Group Ltd <1207.HK>: Joint venture with total capital commitment of rmb5.12 billion . It is expected that joint venture will not be consolidated in financial statements of group . CMBC-designated general partner, SRE general partner, superior limited partner and inferior limited partners entered into jv agreement .Purpose of joint venture is to acquire from CMBC right of return in respect of property projects.  Full Article

Sre Group updates on disposal of equity interest in Shanghai Jinxin Real Estate Co
Thursday, 29 Dec 2016 07:10am EST 

Sre Group Ltd <1207.HK> : Purchaser agreed to acquire a total of 49% equity interest in target company at a total consideration of rmb2.31 billion . Company and purchaser entered into cooperation framework agreement . Group is expected to record an unaudited gain from disposal of approximately rmb1.10 billion . Purchaser is Shanghai Zhongchong Binjiang Industrial Development; target company is Shanghai Jinxin Real Estate .Proceeds to be received by company from disposal will be applied towards other real estate development projects of group.  Full Article

Sre Group says unit to buy a property<1207.HK>
Friday, 2 Sep 2016 07:40am EDT 

Sre Group Ltd <1207.HK>: Discloseable transaction acquisition of property <1207.HK> . The buyer (a wholly-owned subsidiary of the company) entered into the sale and purchase agreement with the sellers . Buyer agreed to purchase and the sellers agreed to sell the property at a cash consideration of £84.5 million .  Full Article

Sre Group issues positive profit alert<1207.HK>
Sunday, 3 Jul 2016 06:39pm EDT 

Sre Group Ltd <1207.HK>: Positive profit alert <1207.HK> . Group for the six months ended 30 June 2016 is expected to record a consolidated net profit attributable . Turnaround attributable to a continuous improvement in the overall operating efficiency of the group and reduction of financing costs .  Full Article

SRE Group Ltd issues Fy 2015 profit warning
Thursday, 10 Mar 2016 07:59am EST 

SRE Group Ltd:Says expects to record a loss in the consolidated net profit attributable to the owners of the company for the year ended 31 December 2015.Says expected result mainly due to the impact from the third and fourth-tier cities in the mainland.  Full Article

SRE Group Ltd announces RE-DESIGNATION OF CO-CHAIRMAN
Friday, 17 Jul 2015 05:32am EDT 

SRE Group Ltd:Says with effect from July 17, Wang Zi Xiong, an executive director, Vice-chairman and the Chief Executive Officer of the company, has been re-designated as Co-chairman of the board.Wang will continue to act as the Chief Executive Officer of the Group.  Full Article

Poly Real Estate Group signs equity investment letter of intent to acquire above 30 pct stake in SRE Group Ltd
Tuesday, 9 Jun 2015 08:00pm EDT 

Poly Real Estate Group Co., Ltd:Signed an equity investment letter of intent with SRE Group Ltd (target company) and an investment company, to acquire above 30 pct stake in the target company at HK$0.25 per share.To hold above 30 pct stake in the target company, after the transaction.  Full Article

SRE Group Ltd announces appointment of acting Chairman
Tuesday, 9 Jun 2015 07:11am EDT 

SRE Group Ltd:Says on June 8 appointed Wang Zi Xiong, an Executive Director, Vice-Chairman and Chief Executive Officer of company, as acting Chairman of company.During course of measures, Wang will assist Shi to perform duties as Chairman of company.Shi will remain as Chairman of Board of company.  Full Article

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BRIEF-SRE Group expects turnaround in FY results

* Financial results of group for year ended 31 December 2016 is expected to record a turnaround for corresponding period in year 2015