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Far East Horizon Ltd (3360.HK)

3360.HK on Hong Kong Stock

7.41HKD
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Far East Horizon says FY net profit for the year is RMB 2.88 bln
Wednesday, 29 Mar 2017 12:11am EDT 

Far East Horizon Ltd <3360.HK>: Net profit for the year RMB 2.88 billion versus RMB 2.50 billion . FY total revenue RMB 13.93 billion versus RMB 11.80 billion .A final dividend for the year 2016 of hk$0.23 per share was proposed.  Full Article

Far East Horizon clarifies on media reports
Sunday, 26 Mar 2017 08:02pm EDT 

Far East Horizon Ltd <3360.HK> : Announcement regarding clarification of media reports . Group has no account receivables under finance lease(s) with Huishan Dairy Group nor does it have any other business relations with Huishan Diary .There have been media reports on indebtedness of China Huishan Dairy stating, co has account receivables under finance lease(s) with Huishan Dairy.  Full Article

Far East Horizon says IFEL, FETJ and Shanghai International Trust enters trust contract
Wednesday, 22 Mar 2017 04:34am EDT 

Far East Horizon Ltd <3360.HK> : IFEL, FETJ and Shanghai International Trust entered into trust contract . IFEL, FETJ, Industrial Bank, Guotai Junan and Shanghai International Trust entered into underwriting agreement . IFEL and FETJ have conditionally agreed to entrust Shanghai International Trust with underlying assets .Underwriters shall arrange for issuance of different classes of assets backed notes in face value of rmb2.93 billion.  Full Article

Far East Horizon updates on disposal of underlying assets
Wednesday, 26 Oct 2016 04:45am EDT 

Far East Horizon Ltd <3360.HK> : FETJ deal consideration of RMB927.89 million . IFEL, a direct wholly-owned subsidiary of company, and purchaser entered into IFEL assets disposal agreement . IFEL has conditionally agreed to sell and purchaser has conditionally agreed to acquire IFEL underlying assets . IFEL consideration payable by purchaser to IFEL for IFEL disposal of IFEL underlying assets shall be RMB 2.59 billion . FETJ, an indirect wholly-owned subsidiary of company, and purchaser entered into FETJ assets disposal agreement . Vendor is Far Eastern Horizon Financial Leasing Co and purchaser is Shanghai Guotai Junan Security Assets Management . It is anticipated that upon completion of disposal, group would realise a net gain of approximately RMB7.7 million .Net proceeds received from disposal will be applied on future finance lease transactions.  Full Article

Far East Horizon updates on disposal of underlying assets to CITIC Securities<3360.HK><600030.SS>
Monday, 5 Sep 2016 04:42am EDT 

Far East Horizon Ltd <3360.HK>: Discloseable transactions disposal of underlying assets <3360.HK> . IFEL, a direct wholly-owned subsidiary of the company, and the purchaser entered into the IFEL assets disposal agreement . FETJ, an indirect wholly-owned subsidiary of the company, and the purchaser entered into the FETJ assets disposal agreement . IFEL assets disposal agreement for consideration of RMB2.21 billion . Consideration of RMB874 million for FETJ disposal . FETJ has conditionally agreed to sell and the purchaser has conditionally agreed to acquire the FETJ underlying assets .Purchaser is CITIC Securities Company Limited.  Full Article

Far East Horizon reports HY net profit RMB1.44 bln versus RMB 1.30 bln<3360.HK>
Wednesday, 24 Aug 2016 12:07am EDT 

Far East Horizon Ltd <3360.HK>: Interim results announcement for the six months ended June 30, 2016 <3360.HK> . HY net profit RMB1.44 billion versus RMB 1.30 billion a year ago . HY total revenue RMB7.28 billion versus RMB 5.76 billion a year ago .Board does not recommend payment of an interim dividend in respect of the period ended 30 June.  Full Article

Far East Horizon says unit and Ping An Trust entered into trust contract<3360.HK>
Tuesday, 7 Jun 2016 07:53am EDT 

Far East Horizon Ltd <3360.HK>: Discloseable transaction disposal of underlying assets under the abn transaction <3360.HK> . Says unit ifel, and the ping an trust entered into the trust contract . Says the group would realise a net gain of approximately RMB4.7 million . Says assets backed notes in value of RMB2.07 billion to be registered . As part of abn transaction, unit, ping an trust, China development bank, China bohai bank entered into underwriting agreement . Ifel has agreed to entrust ping an trust and ping an trust has agreed to be trustee for issuance of assets backed notes .  Full Article

Far East Horizon says units entered into disposal agreements<3360.HK>
Friday, 3 Jun 2016 12:03am EDT 

Far East Horizon Ltd <3360.HK>: Says unit of co and the purchaser entered into the IFEL assets disposal agreement . Purchaser agreed to acquire IFEL underlying assets at the IFEL consideration of RMB 2.04 billion . Unit entered into FETJ assets disposal agreement for RMB1.44 billion . Anticipated that upon completion of the disposal, the group would realise a net gain of approximately RMB8.5 million .  Full Article

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BRIEF-Far East Horizon clarifies on media reports

* Group has no account receivables under finance lease(s) with Huishan Dairy Group nor does it have any other business relations with Huishan Diary