Key Developments: Eastern Gold Jade Co Ltd (600086.SS)
23.23CNY
18 Jun 2013
¥1.27 (+5.78%)
¥21.98
¥21.86
¥23.28
¥21.61
10,814,045
5,246,361
¥24.51
¥12.72
Latest Key Developments (Source: Significant Developments)
Eastern Gold Jade Co Ltd to Set up Subsidiaries
Eastern Gold Jade Co Ltd announced that the Company will set up three wholly owned subsidiaries, respectively in Ruili, Tengchong and Yingjiang through its Shenzhen-based jewelry industry subsidiary (Subsidiary A). The subsidiaries will be respectively with a registered capital of RMB 30 million, RMB 10 million and RMB 10 million, and all engaged in the sales of jewelry, crafts, office supplies, sporting goods, department stores, metal products, and import and export business. The Company will also have subsidiary A to invest RMB 10 million to set up a jade processing plant company. This new entity will be with a registered capital of RMB 10 million and be engaged in the design, processing and carving of jade. Full Article
Eastern Gold Jade Co Ltd Announces New Private Placement Plan
Eastern Gold Jade Co., Ltd. announced that it will cancel its private placement of issuing up to 67 million A shares of common stock with par value of RMB 1 per share at not less than RMB 12.09 per share, to raise RMB 800 million, which was previously announced on February 18, 2012. The Company also announced a new plan, according to which it will issue 46,059,365 A shares of common stock with par value of RMB 1 per share at RMB 19.54 per share, to the Company's controlling shareholder, a Yunnan-based industry company, to raise RMB 900 million. RMB 600 million raised from the issuance will be used for bank loan repayment, and the remaining part will be the supplement of working capital. Full Article
Eastern Gold Jade Co Ltd's Subsidiary to Apply for Loan; to Provide Loan Guarantee
Eastern Gold Jade Co Ltd announced that its subsidiary, a Shenzhen-based jewelry industry company, will apply to Shenzhen Branch of China Construction Bank for a loan of RMB 330 million, with a term of two years. The Company and its controlling shareholder, a Yunnan-based jewelry company, will both provide loan guarantee for the subsidiary. Full Article
Eastern Gold Jade Co Ltd Announces No Dividend Payment for FY 2012
Eastern Gold Jade Co Ltd announced that it will pay no dividend to shareholders for fiscal year 2012. Full Article
Eastern Gold Jade Co Ltd Announces FY 2013 Q1 Net Profit Outlook
Eastern Gold Jade Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to increase by 80% to 100%, compared to the net profit of the same period in FY 2012 (RMB 59,439,633.01). The Company cited the increased sales of jade as the main reason for the forecast. Full Article
Eastern Gold Jade Co Ltd to Set up Subsidiary
Eastern Gold Jade Co Ltd announced that it will set up a wholly owned subsidiary in Jiangsu. The subsidiary will be with a registered capital of RMB 10 million and be engaged in the sale of jewelry, handicrafts crafts, office supplies, sporting goods, department stores and metal products, as well as import and export of goods and technologies. Full Article
Eastern Gold Jade Co., Ltd.'s Subsidiary to Apply for Loans; to Provide Loan Guarantee
Eastern Gold Jade Co., Ltd. announced that its subsidiary, a Shenzhen-based jewelry industry company, will apply to Shenzhen Branch of China Construction Bank for a loan of RMB 200 million and a credit line of RMB 300 million, and also to Shenzhen Branch of Industrial Bank of Shenzhen for a loan of RMB 20 million, all with a term of one year. The Company will guarantee the loans and the credit line for the subsidiary. Full Article
Eastern Gold Jade Co., Ltd. Announces Appointment of Chairman; President and CFO
Eastern Gold Jade Co., Ltd. announced the appointment of Mr. Zhao Xinglong as Chairman of the Board, the appointment of Mr. Zhao Ning as President, and the appointment of Mr. Song Xiaogang as Chief Financial Officer, effective April 20, 2012. Full Article
Eastern Gold Jade Co., Ltd. Announces FY 2012 Q1 Net Profit Outlook
Eastern Gold Jade Co., Ltd. announced that it expects its net profit for the first quarter of fiscal year (FY) 2012 to increase by 150% to 200%, compared to the net profit of the same period in FY 2011 (RMB 23,063,651.12). The Company cited the increased sales of jade materials and its products as the main reason for the forecast. Full Article
Eastern Gold Jade Co., Ltd. Announces No Dividend Payment for FY 2011
Eastern Gold Jade Co., Ltd. announced that it will pay no dividend to shareholders for fiscal year 2011. Full Article
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