Key Developments: Yonyou Software Co Ltd (600588.SS)

600588.SS on Shanghai Stock Exchange

15.38CNY
30 Jul 2014
Price Change (% chg)

¥0.42 (+2.81%)
Prev Close
¥14.96
Open
¥15.03
Day's High
¥15.49
Day's Low
¥14.69
Volume
26,855,628
Avg. Vol
17,206,862
52-wk High
¥20.58
52-wk Low
¥8.11

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Latest Key Developments (Source: Significant Developments)

Yonyou Software announces FY 2013 dividend payment
Monday, 17 Mar 2014 08:00pm EDT 

Yonyou Software Co Ltd:To use undistributed profits to pay cash dividend of 3 yuan (pre-tax) per 10 shares, and use additional paid-in capital to distribute two new shares for every 10 shares, to shareholders for fiscal year 2013.  Full Article

Yonyou Software announces change of CFO
Monday, 17 Mar 2014 08:00pm EDT 

Yonyou Software Co Ltd:Appoints Wang Jialiang as chief financial officer to replace Zhang Peilin, effective March 18.  Full Article

Yonyou Software Co Ltd to apply for credit lines
Tuesday, 28 Jan 2014 07:00pm EST 

Yonyou Software Co Ltd:Says to apply for a credit line of 300 million yuan to China Merchants Bank with a term of one year.Says to apply for a credit line of 100 million yuan to Shanghai Pudong Development Bank with a term of one year.Says to apply for a credit line of 300 million yuan to China CITIC Bank with a term of one year.Says to apply for a credit line of 100 million yuan to Hang Seng Bank (China) Limited with a term of one year.  Full Article

Yonyou Software Co Ltd to establish new subsidiary
Tuesday, 28 Jan 2014 07:00pm EST 

Yonyou Software Co Ltd:Says establishment of a wholly owned subsidiary, which will be engaged in computer technology research and development, with a registered capital of 100 million yuan.  Full Article

Yonyou Software Co Ltd to establish joint venture
Tuesday, 14 Jan 2014 07:00pm EST 

Yonyou Software Co Ltd:Says to establish a joint venture, which will be engaged in the communication sale as well as technology development, consulting and services of computer software, hardware and peripheral equipments, among others, with its seven subsidiaries.Says the joint venture to be capitalized at 50 million yuan, in which the company will invest 15.10 million yuan and hold a 30.2 pct stake.  Full Article

Yonyou Software Co Ltd announces change of accounting estimation
Tuesday, 31 Dec 2013 07:00pm EST 

Yonyou Software Co Ltd:Says to change the accounting estimation for record of bad debt reserve.Says the change takes effective Nov. 1, 2013.Says the change is expected to cause a decrease of fiscal year 2013 net profit by 500,000 yuan.  Full Article

Yonyou Software Co Ltd to divest holdings in NFS China
Thursday, 19 Dec 2013 07:00pm EST 

Yonyou Software Co Ltd:Says to divest its holdings of a 11.25 pct stake in NFS China for 14,850,000 yuan, to a Beijing-based software company.Says the company will hold no stake in NFS China after the transaction.  Full Article

Yonyou Software Co Ltd to acquire and transfer business with subsidiaries
Thursday, 19 Dec 2013 07:00pm EST 

Yonyou Software Co Ltd:Says to transfer the tangible assets, intangible assets and products under development, relative to small and micro businesses sharing cloud platform business to a subsidiary, Chanjet, for 20,739,596 yuan in total.Says to acquire the core business and asset owned by a wholly owned subsidiary, a Beijing-based software company, for 27,838,707.71 yuan in total.  Full Article

Yonyou Software Co Ltd to Invest in Investment Partnership
Tuesday, 5 Nov 2013 07:00pm EST 

Yonyou Software Co Ltd announced that it will invest RMB 10 million to set up an investment partnership in Beijing, with a Beijing-based investment management subsidiary and its investment partnership, Chanjet Information Technology Company Limited and a service center. The Company will hold 10.0%, its subsidiary will hold 0.2%, the subsidiary's investment partnership will hold 59.8%, Chanjet Information Technology will hold 10.0% and the service center will hold 20.0% in the investment partnership.  Full Article

Yonyou Software Co Ltd to Fully Acquire Beijing-based Subsidiary
Friday, 25 Oct 2013 08:00pm EDT 

Yonyou Software Co Ltd announced that it will acquire 0.57% stake in a Beijing-based subsidiary which is engaged in import and export business, from Dong Guojie for RMB 164,041.41 in total. As a result, the Company will hold 100% stake in the subsidiary.  Full Article

BRIEF-Yonyou Software's unit Chanjet Information Technology issues shares in Hong Kong

* Says unit Chanjet Information Technology sells 55 million H-shares at HK$16.38 ($2.11) per share

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