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Chongqing Machinery & Electric Co Ltd (2722.HK)

2722.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Chongqing Machinery & Electric announces acquisition of 19 pct interest in finance co
Thursday, 27 Apr 2017 09:45am EDT 

April 27 (Reuters) - Chongqing Machinery & Electric Co Ltd <2722.HK> ::Acquisition of 19% equity interest in finance company.Deal at consideration of RMB141.3 million.Industrial Trust agreed to transfer 19% equity interest in finance company held by it to company.  Full Article

Chongqing Machinery & Electric amends contract with Cummins Inc, Cummins (China) Investment Co
Wednesday, 12 Apr 2017 11:08am EDT 

Chongqing Machinery & Electric Co Ltd <2722.HK> : Company entered into a legally binding memorandum with Cummins Inc and Cummins (China) Investment Co., Ltd . Memorandum to amend contract on technological license of QSK60 high horse power diesel engines signed on 28 August 2013 Source (http://bit.ly/2o6zHZZ) Further company coverage: [2722.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Chongqing Machinery says disposal of 65% equity interests in Chongqing Shenjian
Thursday, 6 Apr 2017 08:27am EDT 

Chongqing Machinery & Electric Co. Ltd- <2722.HK>: Voluntary Announcement Disposal Of 65% Equity Interests In Chongqing Shenjian . Chongqing machine tools , a unit, and zhejiang shuanghuan driveline co., ltd. Entered into an equity transfer agreement . Upon completion of transaction, company will still indirectly hold 35% equity interest in chongqing shenjian .Shuanghuan driveline has agreed to acquire 65% equity interest in chongqing shenjian at consideration of rmb103.2 million.  Full Article

Chongqing Machinery & Electric announces accounts receivable claim assignment contract with Yukang Co
Wednesday, 28 Dec 2016 08:33am EST 

Chongqing Machinery & Electric Co Ltd <2722.HK> : Jilin Chongtong, Chongqing Machine Tools, Qijiang Gear Transmission and Chongqing Pump entered accounts receivable claim assignment contract . Entered accounts receivable claim assignment contract with Yukang Company . Total consideration for disposal of subject claim is rmb345.3 million .Total transaction cost is rmb4.7 million.  Full Article

Chongqing Machinery & Electric enters into JV contracts
Friday, 18 Nov 2016 07:39am EST 

Chongqing Machinery & Electric Co Ltd <2722.HK> : Registered capital of research and development and manufacturing jv company will be RMB20 million . Research and development and manufacturing jv company will be owned as to 51% by company . Will contributed in cash RMB10.2 million in registered capital of research and development and manufacturing jv company . Company, equipment research institute, shanghai edrive and ningbo partnership entered into jv contracts .Contracting parties have agreed to establish jv companies, namely research and development and manufacturing jv company and sales jv co.  Full Article

Chongqing Machinery & Electric Co says HY net profit approximately RMB172.8 million, down 6.7 pct<2722.HK>
Thursday, 25 Aug 2016 07:42am EDT 

Chongqing Machinery & Electric Co Ltd <2722.HK>: HY net profit approximately RMB172.8 million, representing a decrease of approximately 6.7% . Says HY revenue of the group approximately RMB4.79 billion, representing an increase of approximately 10.2% . Board of directors did not recommend the payment of an interim dividend for the six months ended 30 June 2016 .  Full Article

Chongqing Machinery & Electric updates on transaction land resumption by government<2722.HK>
Tuesday, 28 Jun 2016 06:43pm EDT 

Chongqing Machinery & Electric Co Ltd <2722.HK>: Chongqing m&e-discloseable transaction land resumption by government <2722.HK> . Says aggregate consideration for the land disposal amounts to RMB330 million . Intends to use the net proceeds from the land disposal for later relocation of gas compressor company .  Full Article

Chongqing Machinery & Electric Co Continue to appoint Wang Yuxiang as chairman of fourth session of board<2722.HK>
Tuesday, 28 Jun 2016 10:58am EDT 

Chongqing Machinery & Electric Co Ltd <2722.HK>: Chongqing m&e-appointment of chairman of the board and authorized representative and engagement of general manager, vice general manager,secretary to the board and qualified accountant <2722.HK> .Continue to appoint Wang Yuxiang, executive director, as the chairman of the fourth session of the board.  Full Article

Chongqing Machinery & Electric Co Ltd updates on issue corporate bonds
Tuesday, 20 Oct 2015 07:29am EDT 

Chongqing Machinery & Electric Co Ltd:will seek to issue corporate bonds with an aggregate nominal value of up to 1.5 billion yuan in the PRC.Use of proceeds includes repaying the 11 chong ji zhai, replenishing liquidity, repaying bank debts and adjusting debt structure.  Full Article

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