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China Hongqiao Group Ltd (1378.HK)

1378.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Hongqiao Group posts FY profit of RMB7.20 bln
Tuesday, 2 May 2017 12:24am EDT 

May 2 (Reuters) - China Hongqiao Group Ltd <1378.HK>:Profit for the year RMB7.20 billion versus RMB 3.62 billion; FY revenue rmb 61.40 billion versus RMB 44.11 billion.  Full Article

China Hongqiao says unit and Loften entered into a termination agreement
Monday, 17 Apr 2017 08:00pm EDT 

April 18 (Reuters) - China Hongqiao Group Ltd <1378.HK>:unit and Loften entered into a termination agreement in order to terminate acquisitions..reference is made to announcement of China Hongqiao Group dated 5 December 2016.termination agreement will not have any material adverse effect on business operation and financial position of group.  Full Article

China Hongqiao issues clarification relating to negative report published by Emerson Analytics
Sunday, 2 Apr 2017 07:26am EDT 

China Hongqiao Group Ltd <1378.HK>: Clarification relating to 2017 negative report . On 28 Feb 2017, co noted that a negative report against company was published by Emerson Analytics Co. Ltd. . Directors and senior management of co confirmed that they had not been contacted by emerson before issuance of 2017 negative report . Has resolved to seek legal remedy against emerson for defamation . Intends to lodge a complaint with relevant hong kong regulatory authorities with respect to emerson's potentially criminal activities .Unable to publish its 2016 annual results by 31 march & there may be possible delay in despatch of its 2016 annual report.  Full Article

China Hongqiao Group says co and Cti Capital Management enter memorandum of understanding
Monday, 20 Mar 2017 08:24am EDT 

China Hongqiao Group <1378.HK> : Memorandum Of Understanding In Relation To Possible Subscription Of Shares In The Company . Company and Cti Capital Management Limited as possible subscriber, entered into a memorandum of understanding . CTICM intended to subscribe new shares of company to be allotted and issued by company .Upon completion of possible subscription, cticm will become shareholder of company holding not more than 10% of issued share capital of co.  Full Article

China Hongqiao Group says unit and Loften entered into share subscription agreement
Monday, 5 Dec 2016 08:06pm EST 

China Hongqiao Group Ltd <1378.HK>: Unit and Loften entered into share subscription agreement . Shandong hongtuo has conditionally agreed to subscribe for no more than 1.61 billion non-public a shares of loften . Consideration for share subscription agreement being approximately rmb6.23 per share . Loften and Binzhou Hengwang entered into equity transfer agreement . Estimated consideration under equity transfer agreement is approximately rmb7.02 billion .Pursuant to equity transfer agreement loften has conditionally agreed to acquire entire equity interest in innovative metal.  Full Article

China Hongqiao Group says unit and Loften entered into share subscription agreement<1378.HK>
Monday, 5 Dec 2016 06:09pm EST 

China Hongqiao Group Ltd <1378.HK>: Unit and Loften entered into share subscription agreement . Shandong hongtuo has conditionally agreed to subscribe for no more than 1.61 billion non-public a shares of loften . Consideration for share subscription agreement being approximately rmb6.23 per share . Loften and Binzhou Hengwang entered into equity transfer agreement . Estimated consideration under equity transfer agreement is approximately rmb7.02 billion .Pursuant to equity transfer agreement loften has conditionally agreed to acquire entire equity interest in innovative metal.  Full Article

China Hongqiao Group updates on share transfer agreement
Tuesday, 27 Sep 2016 05:20am EDT 

China Hongqiao Group Ltd <1378.HK> : Noticed Shandong Province Boxing County Environmental Protection Bureau issued prior notice letter of administrative punishment to target . Decide to appoint professional institutions to conduct independent due diligence to evaluate effect of illegal event on target co .Co will decide whether to continue to perform share transfer agreement based on final due diligence opinion of professional institutions.  Full Article

China Hongqiao Group says unit enters into share transfer agreement with seller<1378.HK>
Sunday, 14 Aug 2016 07:25pm EDT 

China Hongqiao Group Ltd <1378.HK>: The acquisition of shares of the target company <1378.HK> . Says Shandong Hongqiao, a wholly-owned subsidiary of the company, and Yu Rongqiang entered into share transfer agreement .  Full Article

China Hongqiao Group posts HY net profit attributable RMB3.28 billion, up 20.7 pct<1378.HK>
Friday, 12 Aug 2016 07:09am EDT 

China Hongqiao Group Ltd <1378.HK>: Directors do not recommend the payment of an interim dividend for the six months ended 30 June 2016 . Believes that the market demand for aluminum products will increase in the second half . Says HY net profit attributable to owners of the company increased by 20.7% to RMB3.28 billion . HY revenue increased by approximately 13.0% to approximately RMB25.38 billion .  Full Article

China Hongqiao says Binzhou Beihai Huihong entered into agreement with CITIC Trust<1378.HK>
Friday, 24 Jun 2016 07:04am EDT 

China Hongqiao Group Ltd <1378.HK>: Discloseable transaction - the acquisition of the 100% equity interest in the target company <1378.HK> . Total consideration of RMB2.12 billion . Binzhou Beihai Huihong new aluminum profiles and CITIC Trust entered into the agreement .  Full Article

More From Around the Web

China Hongqiao cancels acquisition plans due to regulatory incompliance

HONG KONG China Hongqiao Group Limited said on Tuesday it has terminated plans to subscript non-public A shares of Loften Environmental Technology Co and sell Loften the entire equity interest in Innovative Metal, as the plans did not comply with regulatory rules.