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Newtree Group Holdings Ltd (1323.HK)

1323.HK on Hong Kong Stock

18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Newtree Group to issue convertible bonds in aggregate principal amount of HK$200 mln
Friday, 4 Aug 2017 09:47am EDT 

Aug 4 (Reuters) - Newtree Group Holdings Ltd <1323.HK>::Company has agreed to issue, convertible bonds in aggregate principal amount of HK$200 million.Conversion price is HK$0.46 per share.Gross and net proceeds from issue of convertible bonds are HK$200 million and about HK$199.7 million respectively.Is in discussion with independent third party, for potential acquisition of group engaged in business of manufacturing concrete in PRC.  Full Article

Newtree Group says FY loss attributable HK$190.4 mln
Friday, 23 Jun 2017 10:50am EDT 

June 23 (Reuters) - Newtree Group Holdings Ltd <1323.HK>::FY revenue from continuing operations decreased by approximately 46.9% to HK$122.1 million.FY loss for year attributable amounted to approximately HK$190.4 million versus loss of HK$284.4 million.Directors do not recommend payment of a final dividend for year (2016: nil).  Full Article

Newtree Group says units entered into disposal agreement
Sunday, 7 May 2017 09:04pm EDT 

May 8 (Reuters) - Newtree Group Holdings Ltd <1323.HK>:On 5 may, vendors, which are units of co, co as vendors' guarantor, and purchasers entered into disposal agreement.Deal at total consideration of HK$85 million.Group will record a gain of approximately HK$60 million as a result of disposal.Says maximum liability of company under disposal agreement shall not exceed HK$6 million.  Full Article

Newtree Group says Chum Hon Sing resigned as an Executive Director
Tuesday, 18 Apr 2017 07:58am EDT 

April 18 (Reuters) - Newtree Group Holdings Ltd <1323.HK>::Chum Hon Sing has tendered his resignation as Executive Director and Vice Chairman of company.  Full Article

Newtree entered into disposal transaction to dispose entire equity interest in Tiger Global
Tuesday, 28 Mar 2017 09:04am EDT 

Newtree Group Holdings Limited <1323.HK> : Discloseable Transaction In Relation To Disposal Of The Entire Equity Interest In Tiger Global Group Limited . Deal at consideration of HK$30 million . Vendor has agreed to sell and purchaser to purchase sale shares, representing entire issued share capital of target company . Upon completion of transaction, group will cease to have any interests in target group. . Group will record a loss of approximately HK$5.6 million as a result of disposal .Vendor being Star Guardian Holdings Limited; purchaser being Yuchi International Limited.  Full Article

Newtree Group issues profit warning<1323.HK>
Tuesday, 7 Jun 2016 08:43am EDT 

Newtree Group Holdings Ltd <1323.HK>: Group-profit warning <1323.HK> . Says group is expected to record a substantial loss for the year ended 31 March 2016 . Substantial loss is primarily attributable to the non-cash impairment losses on goodwill and other intangible assets .  Full Article

Newtree Group Holdings Ltd appoints Chief Financial Officer
Friday, 18 Sep 2015 06:00am EDT 

Newtree Group Holdings Ltd:Appointment of chief financial officer.Says Chan Kin Yip has been appointed as the chief financial officer.  Full Article

Newtree Group Holdings Ltd says resignation of CFO
Monday, 31 Aug 2015 10:30am EDT 

Newtree Group Holdings Ltd:Says Chan Shiu Yuen, Sammy has tendered his resignation as the Chief Financial Officer with effect from 1 September 2015.  Full Article

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