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Intime Retail Group Co Ltd (1833.HK)

1833.HK on Hong Kong Stock

25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Intime Retail Group says FY profit attributable RMB1,319.7 mln, up 0.2 pct
Wednesday, 22 Mar 2017 10:35am EDT 

Intime Retail Group Co Ltd <1833.HK>- : Fy same store sales growth was 0.3% . Fy profit attributable to owners of parent was RMB1,319.7 million, representing an increase of 0.2% . Proposed final dividend of rmb0.08 per share .Fy total revenue rmb 5.98 billion versus rmb 5.76 billion.  Full Article

Alibaba announces proposal to privatize Intime Retail
Monday, 9 Jan 2017 06:11pm EST 

Alibaba Investment Ltd: Alibaba announces proposal to privatize Intime Retail . Says maximum amount of cash required for proposal is expected to be approximately HK$19.8 billion .Alibaba to become controlling shareholder of Intime, expected that its shareholding in co would increase to approximately 74%.  Full Article

Intime Retail Group announces proposal for privatisation
Monday, 9 Jan 2017 05:40pm EST 

Intime Retail Group Co Ltd <1833.HK> : on 28 December 2016, joint offerors requested board to put forward proposal to scheme shareholders . proposal regarding proposed privatisation of company . application has been made by company to stock exchange for resumption of trading in shares on stock exchange on 10 january 2017 .scheme shares will be cancelled in exchange for payment by joint offerors to each shareholder of cancellation price of hk$10.00 for each share..  Full Article

Intime Retail says HY net profit RMB561.1 mln<1833.HK>
Tuesday, 16 Aug 2016 04:34am EDT 

Intime Retail Group Co Ltd <1833.HK>: Interim results for the six months ended 30 June 2016 <1833.HK> . HY net profit attributable to owners of the parent was RMB561.1 million, representing a decrease of 21.3%. . HY total revenue was RMB3.05 billion representing a decrease of 0.3% . Resolved to declare an interim dividend of RMB0.10 per share .  Full Article

Intime Retail says units entered into Dahongmen project asset-light arrangement<1833.HK>
Tuesday, 17 May 2016 10:47am EDT 

Intime Retail Group Co Ltd <1833.HK>: Discloseable transactions the dahongmen project asset-light arrangement <1833.HK> . Units entered into the Dahongmen project asset-light arrangement . Equity interest in jingtai xianghe to harvest capital for a total consideration of RMB325.5 million . Zhejiang Intime will make an investment of RMB330 million into the Minsheng-Intime scheme . Zhejiang Intime will lease from Jingtai Xianghe Beijing Dahongmen store at fixed annual rental of RMB68 million for five years . Hangzhou outlets will transfer entire equity interests in Jingtai Xianghe to Harvest Capital for RMB325.5 million . Jingtai Xianghe indebted to other members of group for intra-group loans which amounted to approximately RMB500 million .  Full Article

Intime Retail (Group) amends consolidated full-year outlook and raises year-end dividend forecast for FY 2016
Tuesday, 10 Nov 2015 02:00am EST 

Intime Retail (Group) Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Confirmed the revenue at 201,000 million yen.Operating profit forecast decreased to 7,700 million yen from 4,300 million yen.Ordinary profit forecast decreased to 8,400 million yen from 5,200 million yen.Net profit forecast decreased to 7,500 million yen from 5,000 million yen.Earnings per share decreased to 37.63 yen from 25.08 yen.FY 2016 revenues of 209.00 billion yen, net income of 7.30 billion yen – Thomson Reuters I/B/E/S.Comments that improvement of the rate of gross profit is the main reason for the forecast.Raised year-end dividend forecast to 18 yen per share from 12 yen per share for FY ending March 2016.  Full Article

Intime Retail (Group) Co Ltd announces appointment of chairman
Sunday, 17 May 2015 07:50pm EDT 

Intime Retail (Group) Co Ltd:Says that in light of Shen Guojun's retirement as an executive director and chairman of board at AGM, the board announced that, subject to Zhang Yong being re-elected as non-executive director at AGM, Zhang Yong will be appointed as chairman of board with effect from conclusion of AGM.  Full Article

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Alibaba leads $2.6 billion bid for Chinese retailer Intime

HONG KONG China's Alibaba Group Holding Ltd is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd in a move to digitize brick-and-mortar department stores while growth in online sales begins to slow. | Video