Key Developments: Guangzhou Automobile Group Co Ltd (2238.HK)
8.15HKD
24 May 2013
HK$0.32 (+4.09%)
HK$7.83
HK$7.83
HK$8.24
HK$7.80
15,418,605
8,705,204
HK$8.60
HK$4.75
Latest Key Developments (Source: Significant Developments)
Guangzhou Automobile Group Co Ltd Issues FY 2012 First Tranche of Corporate Bonds
Guangzhou Automobile Group Co Ltd announced that it has issued the first tranche of corporate bonds for fiscal year 2012, worth RMB 4 billion. The bonds will be traded from April 9, 2013. Full Article
Guangzhou Automobile Group Co Ltd Announces FY 2012 Dividend Payment
Guangzhou Automobile Group Co Ltd announced that it will pay a cash dividend of RMB 0.02 per share (pre-tax) to shareholders for fiscal year 2012. Full Article
Guangzhou Automobile Group Co Ltd Announces Coupon Rate of FY 2012 First Tranche of Corporate Bonds
Guangzhou Automobile Group Co Ltd announced that the coupon rate for the first tranche of corporate bonds for fiscal year 2012 worth RMB 4 billion, which are equally divided into two types, each with a term of five years and 10 years, are 4.89% and 5.09% respectively. Full Article
Guangzhou Automobile Group Co Ltd to Issue FY 2012 First Tranche of Corporate Bonds
Guangzhou Automobile Group Co Ltd announced that it will issue the first tranche of corporate bonds for fiscal year 2012, worth RMB 4 billion, each with par value and an issue price of RMB 100. The bonds will be equally divided into two types: Type I with a term of five years, matured on March 20, 2018, and Type II two a term of 10 years, matured on March 20, 2023. The interest will be paid on March 20. CICC, Credit Suisse Founder, Guosen Securities, CITIC Securities and Goldman Sachs will serve as the main underwriter. A Guangzhou-based automobile industry group will provide guarantee for the bonds. Full Article
Guangzhou Automobile Group Co Ltd to Set up Subsidiary
Guangzhou Automobile Group Co Ltd announced that it will set up a subsidiary, which will be with a registered capital of RMB 1 billion and be engaged in the investment, investment management and investment advisory. Full Article
Guangzhou Automobile Group Co Ltd Comments On FY 2012 Earnings Guidance
Guangzhou Automobile Group Co Ltd announced that based on the preliminary estimations, the net profit realized and attributable to its shareholders in fiscal 2012 is expected to reduce by 70% to 80%, compared with the same period last year. The Company reported Net profit of approximately RMB 4,271,619,000 and EPS of RMB0.69 in fiscal 2011. The results compared with the same period last year, is expected to reduce as a result of the Sino-Japanese Diaoyu Island incident, new enterprises being in an initial stage, increasingly fierce competition within the industry and the restriction on purchase of automobiles in the central cities. Full Article
Chrysler Group LLC To Build Jeeps In China With Partner Guangzhou Automobile Group Co Ltd-Reuters
Reuters reported that Chrysler Group LLC said it has agreed to make Jeeps in China with partner Guangzhou Automobile Group Co Ltd. Full Article
Fiat SpA's Fiat Group Automobiles SpA Signs Framework Agreement with Chrysler Group LLC's Chrysler Group International LLC and Guangzhou Automobile Group Co Ltd to Expand Cooperation in China
Fiat SpA announced that Fiat's Fiat Group Automobiles SpA, Chrysler Group LLC's Chrysler Group International LLC and Guangzhou Automobile Group Co Ltd (GAC Group) have signed a Framework Agreement to expand their cooperation on passenger car manufacturing sales in China. According to the framework agreement, the joint venture between GAC , Fiat and Chrysler Group International, which currently manufactures Fiat Viaggio and distributes imported models such as the Fiat 500, Freemont and Bravo in China, will expand its operations to allow the localization in the coming years of more models from the Fiat portfolio to be introduced in the Chinese market. After Fiat, the next brand planned to be localized by the GAC Fiat JV will be Chrysler Group’s Jeep brand (production in China for Chinese market only). Full Article
MITSUBISHI MOTORS CORP, Mitsubishi Corp and Guangzhou Automobile Group Co Ltd Establish China-based Joint Venture
MITSUBISHI MOTORS CORP announced that it has established a joint venture, GAC Mitsubishi Motors Co., LTD., which is engaged in the manufacture and sale of automobiles in Hunan, China, with Mitsubishi Corp and Guangzhou Automobile Group Co Ltd on September 25, 2012. MITSUBISHI MOTORS CORP, Mitsubishi Corp and Guangzhou Automobile Group Co Ltd hold a 33% stake, a 17% stake and a 50% stake in the joint venture, respectively. Full Article
Guangzhou Automobile Group Co Ltd Announces FY 2012 H1 A Share Dividend Payment Date
Guangzhou Automobile Group Co Ltd announced that it will pay a cash dividend of RMB 0.063 per share (after tax) to holders of A shares recorded on October 11, 2012. The Company's shares will be traded ex-dividend on October 12, 2012 and the dividend will be paid on October 19, 2012. Full Article
UPDATE 1-Guangzhou Auto says 2012 profit to fall 70-80 pct
HONG KONG, Jan 25 - Guangzhou Automobile Group, one of China's big state-owned auto enterprises, said it expects 2012 net profit to decline by 70 to 80 percent from a year earlier, according to a filing after markets closed on Friday.
Earnings vs. 
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