Key Developments: Panda Fireworks Group Co Ltd (600599.SS)

600599.SS on Shanghai Stock Exchange

11.70CNY
25 Jul 2014
Price Change (% chg)

¥0.01 (+0.09%)
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¥11.69
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¥11.62
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¥11.73
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Latest Key Developments (Source: Significant Developments)

PANDA FIREWORKS GROUP to establish new subsidiary
Thursday, 5 Jun 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:Says establishment of a wholly owned subsidiary, with a registered capital of 50 mln yuan.The new subsidiary will be engaged in credit evaluation and management, as well as investment consulting.  Full Article

PANDA FIREWORKS GROUP announces no dividend payment for FY 2013
Tuesday, 29 Apr 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:To pay no dividend to shareholders for the fiscal year 2013.  Full Article

PANDA FIREWORKS GROUP lowers 2013 net profit outlook
Monday, 28 Apr 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:Sees net profit for 2013 to increase 30 pct to 50 pct.In the previous outlook, the company expected the net profit for 2013 to increase by above 50 pct.Says the net profit of 2012 was 8,948,300 yuan.Comments that over payment of last year income tax as the main reason for the forecast.  Full Article

PANDA FIREWORKS GROUP to sell stake in Hunan-based bank
Thursday, 17 Apr 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:To sell entire 5 pct stake in a Hunan-based rural commercial bank to a Liuyang-based fireworks company, at the price of 83 mln yuan.  Full Article

PANDA FIREWORKS GROUP to set up new subsidiary
Tuesday, 1 Apr 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:To invest 100 mln yuan to set up a wholly owned subsidiary, which will be engaged in investment and asset management businesses.Says the new subsidiary will invest 100 mln yuan instead of a Wanzai-based firework subsidiary, to set up a wholly owned subsidiary engaged in credit risk evaluation and management, credit data integration, loan consulting and investment agency businesses.  Full Article

PANDA FIREWORKS GROUP to issue shares to acquire media company
Thursday, 13 Mar 2014 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD:To issue about 60 mln shares at 9.17 yuan per share in exchange for 100 pct stake in Dongyang Huahai Shidai Pictures Media Co.,Ltd. from a Wanzai-based culture development company.Transaction price of 550.2 mln yuan.  Full Article

PANDA FIREWORKS GROUP CO LTD gives FY 2013 net profit outlook
Wednesday, 29 Jan 2014 07:00pm EST 

PANDA FIREWORKS GROUP CO LTD:Sees fiscal year 2013 net profit to increase by above 50 pct, compared to the net profit of fiscal year 2012 ( 8,948,300 yuan).Says the main reason is increased profit on investment.  Full Article

PANDA FIREWORKS GROUP CO LTD announces initial plan to acquire equity shares
Tuesday, 31 Dec 2013 07:00pm EST 

PANDA FIREWORKS GROUP CO LTD:Says it plans to acquire a 50 pct stake in Dongyang Huahai Shidai Pictures Media Co.,Ltd through private placement from an individual, Wang Haibin.Says it plans to acquire another 10 pct stake in Dongyang Huahai Shidai Pictures Media Co.,Ltd through private placement from another individual, Zhou Tao.Says detailed plans will be disclosed later.  Full Article

PANDA FIREWORKS GROUP CO LTD announces result of inspection
Tuesday, 26 Nov 2013 07:00pm EST 

PANDA FIREWORKS GROUP CO LTD:Says received the inspection result from China Securities Regulatory Commission on the suspected violation of securities regulations.Says China Securities Regulatory Commission will no administrative penalties to the company.  Full Article

PANDA FIREWORKS GROUP CO LTD's Subsidiary to Set up Subsidiary
Friday, 15 Nov 2013 07:00pm EST 

PANDA FIREWORKS GROUP CO LTD announced that its wholly owned fireworks subsidiary located in Wanzai County will invest RMB 20 million to set up a subsidiary in Beijing, which will be engaged in credit risk evaluation and management, credit date integration, loan consulting and investment agency, among others.  Full Article

BRIEF-China's Panda Fireworks disposes 5 pct stake in Hunan Liuyang Rural Commercial Bank

* Says disposes 5 percent stake in Hunan Liuyang Rural Commercial Bank for 83 million yuan ($13.34 million)

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