Key Developments: Guangzhou Automobile Group Co Ltd (2238.HK)

2238.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Guangzhou Automobile Group announces issuance of corporate bonds
Monday, 23 Jun 2014 08:00pm EDT 

Guangzhou Automobile Group Co Ltd:To issue unsecured corporate bonds, worth up to 6 bln yuan, each with par value and an issue price of 100 yuan.Term of six years.Other terms not disclosed.  Full Article

Guangzhou Automobile Group subsidiary receives subsidy
Wednesday, 11 Jun 2014 08:00pm EDT 

Guangzhou Automobile Group Co Ltd:Says its subsidiary has received subsidy of 300 mln yuan in total from the government.The subsidy was issued to support the Dongying branch of subsidiary's GA project cost.  Full Article

Fiat SpA says Fiat Group Automobiles, Chrysler Group International and Guangzhou Automobile Group announce agreement to produce Jeep vehicles in China for Chinese market
Saturday, 19 Apr 2014 07:20am EDT 

Fiat SpA:Fiat Group Automobiles SpA, Chrysler Group International LLC and Guangzhou Automobile Group Co Ltd (GAC Group) announced they have reached an agreement to expand the joint venture partnership.According to the agreement, the joint venture, GAC Fiat, will begin localized production of three new Jeep vehicles for the Chinese market, expanding the portfolio of Jeep sport-utility vehicles (SUV) available to Chinese consumers as imports.The expansion of the cooperation and the related projects have already been approved by the relevant government authorities.The joint venture will finalize its localized production plans in the near term which includes the consideration of a Jeep model uniquely designed for China.Production is expected to begin by late 2015.Says to reach the necessary capacity for introducing the Jeep models, GAC Fiat is establishing a manufacturing branch in Guangzhou, where the Jeep vehicles will be produced.Says, in the coming term, the two parties will strengthen cooperation as to satisfy the demands of customers and to move the localization of Jeep models forward together with the continued development of GAC Fiat.  Full Article

Guangzhou Automobile Group Co Ltd recommends final dividend
Wednesday, 26 Mar 2014 06:43pm EDT 

Guangzhou Automobile Group Co Ltd:Recommends the payment of a final dividend for FY 2013 of CNY0.10 per share (total for 2012: CNY0.02 per share).  Full Article

Guangzhou Automobile Group issues FY 2014 first tranche short-term financing notes
Friday, 14 Mar 2014 08:00pm EDT 

Guangzhou Automobile Group Co Ltd:Completed issuance of first tranche of short-term financing notes for year 2014 worth 1 bln yuan, with per value of 100 yuan, interest rate of 5.15 pct and a term of 365 days, on March 13.Bank of China and China International Capital Corporation Limited served as main underwriters.  Full Article

Guangzhou Automobile Group Co Ltd to acquire stake in Shenyang-based company
Tuesday, 18 Feb 2014 07:00pm EST 

Guangzhou Automobile Group Co Ltd:Says to acquire a 80.02 pct stake in a Shenyang-based automobile company from GAC Hino Motors co ltd.  Full Article

Guangzhou Automobile Group Co Ltd gives FY 2013 earnings guidance below analysts' estimates
Monday, 27 Jan 2014 05:46am EST 

Guangzhou Automobile Group Co Ltd:Says based on the preliminary estimations of the company, the net profit realized and attributable to its shareholders in FY 2013 is expected to increase by about 100 pct to 150 pct, compared with FY 2012.The company reported net income of $1.134 bln Yuan in FY 2012.FY 2013 net income of 2.856 bln Yuan - Thomson Reuters I/B/E/S.  Full Article

Toyota Motor Corp Announces Joint Development of Hybrid Vehicle in China with FAW Group Corporation and Guangzhou Automobile Group Co Ltd- Nikkei
Wednesday, 20 Nov 2013 10:24pm EST 

Nikkei reported that Toyota Motor Corp announced that it will develop hybrid vehicle jointly with FAW Group Corporation and Guangzhou Automobile Group Co Ltd. Toyota will cooperate with research and development division of FAW and Guangzhou Automobile as well as their joint ventures, for development of control technology on gasoline engine and motor.  Full Article

Guangzhou Automobile Group Co Ltd to Apply for Issuing Short-term Financing Notes
Wednesday, 30 Oct 2013 08:00pm EDT 

Guangzhou Automobile Group Co Ltd announced that it will apply for issuance of short-term financing notes worth up to RMB 11,000 million, with a term of one year. The notes will be issued within the deadline of two years.  Full Article

Guangzhou Automobile Group Co Ltd Announces FY 2013 H1 Dividend Payment Date
Tuesday, 24 Sep 2013 08:00pm EDT 

Guangzhou Automobile Group Co Ltd announced that it will pay a cash dividend of RMB 0.06 (pre-tax) per share to shareholders for the first half of fiscal year 2013, of record on September 30, 2013. The Company's shares will be traded ex-right and ex-dividend on October 8, 2013 and the dividend will be paid on October 15, 2013.  Full Article

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