Key Developments: Grinm Advanced Materials Co Ltd (600206.SS)

600206.SS on Shanghai Stock Exchange

11.13CNY
30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Grinm Advanced Materials issues 2014 net profit outlook
Friday, 23 Jan 2015 07:00pm EST 

Grinm Advanced Materials Co., Ltd:Sees net profit for 2014 to be 58 mln yuan to 63 mln yuan.Says the net profit of 2013 was 1,928,300 yuan.Comments that increased sales income of rare earth materials, high-purity and ultra-pure metal material is the main reason for the forecast.  Full Article

Grinm Advanced Materials subsidiary to apply for comprehensive credit line
Monday, 15 Dec 2014 07:00pm EST 

Grinm Advanced Materials Co., Ltd:Says its a new material subsidiary to apply to Zhongguancun Branch of Bank of Beijing for comprehensive credit line of 100 million yuan, with a term of 12 months.  Full Article

Grinm Advanced Materials to acquire stake in Leshan-based subsidiary
Wednesday, 10 Dec 2014 07:00pm EST 

Grinm Advanced Materials Co., Ltd:To acquire 22.27 pct stake and 6.36 pct in a Leshan-based rare earth new materials subsidiary (target company), respectively from Chen Jiuchang and Xie Jun.Transaction price of 7,321,300 yuan.To hold 100 pct stake in the target company, after the transaction.  Full Article

Grinm Advanced Materials Co., Ltd. to set up fund jointly
Wednesday, 5 Nov 2014 07:00pm EST 

Grinm Advanced Materials Co., Ltd:To invest 50 mln yuan set up a fund which will be engaged in new material industry equity investment business, jointly with three Beijing-based investment companies.The fund will be capitalized at 700 mln to 1,000 mln yuan (first tranche).  Full Article

Grinm Advanced Materials Co., Ltd. and subsidiaries receives subsidy
Monday, 20 Oct 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:The company, Grirem Advanced Materials Co., Ltd. subsidiary and a material subsidiary received subsidy of 27,070,000 yuan in total from the government.Subsidy was issued for rare earth industry allowance.  Full Article

Grinm Advanced Materials Co., Ltd. updates transaction with General Research Institute for Nonferrous Metals
Thursday, 18 Sep 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:The company to sell total assets and liabilities of silicon to General Research Institute for Nonferrous Metals.The company and wholly owned subsidiary, Guo Jing Micro-electronic Holdings Limited, will sell a 100 pct stake in a Beijing-based semiconductor materials company, to General Research Institute for Nonferrous Metals.The final transaction amount is 883.1412 mln yuan.  Full Article

Grinm Advanced Materials and subsidiary to sell semiconductor materials in Beijing-based semiconductor materials company
Friday, 1 Aug 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:The company and wholly owned subsidiary, Guo Jing Micro-electronic Holdings Limited, will sell all assets and liabilities in a Beijing-based semiconductor materials company, to General Research Institute for Nonferrous Metals.Transaction price valued at 888,069,700 yuan.  Full Article

Grinm Advanced Materials announces 2013 dividend payment date
Monday, 5 May 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:To use additional paid-in capital to distribute one new share for every share, to shareholders for 2013 as a record of May 9.The company's shares will be traded ex-right and ex-dividend on May 12.  Full Article

Grinm Advanced Materials to apply for comprehensive credit line
Tuesday, 29 Apr 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:To apply to Beijing Branch of Bank of Ningbo for comprehensive credit line of 70 mln yuan, with a term of one year.To apply to Beijing Century City Branch of China Merchants Bank for comprehensive credit line of 100 mln yuan up from 80 mln yuan, with a term of one year.  Full Article

Grinm Advanced Materials Co., Ltd. subsidiary completes establish new subsidiary
Monday, 21 Apr 2014 08:00pm EDT 

Grinm Advanced Materials Co., Ltd:Says its rare earth new materials subsidiary completed establish a new wholly owned subsidiary, in Hebei with a registered capital of 50 million yuan, on April 17.The new Hebei-based subsidiary has been engaged in research and development, production and sales of non-ferrous metal materials.Says plan disclosed on Feb. 12.  Full Article

BRIEF-Grinm Advanced Materials's unit, partners to boost capital of Guangxi rare earth JV

* Says unit and partners plan to boost capital of guangxi-based rare earth JV by 250 million yuan ($40.23 million)

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