Sichuan Changhong Electric Co Ltd (600839.SS) Key Developments | Reuters.com
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Sichuan Changhong Electric Co Ltd (600839.SS)

600839.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sichuan Changhong Electric to sell assets for 483 mln yuan
Wednesday, 25 May 2016 01:32am EDT 

Sichuan Changhong Electric <600839.SS> Co., Ltd.:Says it will sell properties and parking place, for 483 million yuan.  Full Article

Sichuan Changhong Electric announces no dividend payment for 2015
Friday, 8 Apr 2016 08:00pm EDT 

Sichuan Changhong Electric Co Ltd:Says no dividend payment for 2015.  Full Article

Sichuan Changhong Electric to set up JV
Friday, 25 Mar 2016 08:00pm EDT 

Sichuan Changhong Electric Co Ltd:Says to set up a new JV in Sichuan, with company's unit and Mianyang Investment.Says the JV will be engaged in consultancy business, and have a registered capital of 300 million yuan.Says company to contribute capital with 99 percent stake of its tech-unit, worthing 538.4 million yuan, into the JV.  Full Article

Sichuan Changhong Electric issues 2015 net profit outlook below I/B/E/S estimates
Friday, 29 Jan 2016 07:00pm EST 

Sichuan Changhong Electric Co Ltd:Sees net profit for 2015 to be a loss of 1,975 million yuan, compared to net profit of 2014 (58,857,812.40 yuan).Comments that decreased sales is the main reason for the forecast.2015 reported net income of a loss of 914.00 million yuan – Thomson Reuters I/B/E/S.  Full Article

Sichuan Changhong Electric issues 2016 first tranche of super short-term debentures
Friday, 29 Jan 2016 07:00pm EST 

Sichuan Changhong Electric Co Ltd:Issues 2016 first tranche of super short-term debentures, worth of 1.5 bln yuan, with a term of 180 days and coupon rate of 4.88 pct.Issue price at 100 yuan per face value of 100 yuan.  Full Article

Sichuan Changhong Electric establishes fund
Friday, 15 Jan 2016 07:00pm EST 

Sichuan Changhong Electric Co Ltd:Says the registration of establishing the fund with a Shanghai-based investment management company was completed.The fund of size of 500 million yuan.  Full Article

Hefei Meiling updates stake acquisition in Guangdong-based company from Sichuan Changhong Electric
Monday, 4 Jan 2016 07:00pm EST 

Hefei Meiling Co Ltd:Says Sichuan Changhong Electric to sell 88.916 pct stake in Guangdong-based technology company (target company), and its subsidiary a Sichuan-based investment company to sell 9.940 pct stake in the target company to Hefei Meiling.Transaction price 86.0324 mln yuan and 9.6176 mln yuan respectively.  Full Article

Hefei Meiling to offer bid to acquire stake in Guangdong-based company from Sichuan Changhong Electric
Friday, 18 Dec 2015 07:00pm EST 

Hefei Meiling Co Ltd:Says to offer bid to acquire 98.856 pct stake in Guangdong-based technology company (target company), which listed by Sichuan Changhong Electric for sale.Says Sichuan Changhong Electric directly holds 88.916 pct stake in target company, and its subsidiary a Sichuan-based investment company holds 9.940 pct stake in the target company.  Full Article

Shenwan Hongyuan Group announces Shenyin & Wanguo Investment signs cooperation framework agreement with Sichuan Changhong Electric
Monday, 7 Dec 2015 07:00pm EST 

Shenwan Hongyuan Group Co Ltd:Shenyin & Wanguo Investment that wholly owned by Shenwan Hongyuan Group's subsidiary Shenwan Hongyuan Securities signed cooperation framework agreement with Sichuan Changhong Electric on Dec. 7.Says two entities to cooperate on establishment of fund management company, which to be with registered capital of 20 mln yuan and Shenyin & Wanguo Investment to hold 60 pct stake and Sichuan Changhong Electric to hold 40 pct stake in it respectively.As well as two entities to jointly set up mergers and acquisitions fund with total fund size of 10 bln yuan.  Full Article

Sichuan Changhong Electric to jointly set up fund
Monday, 7 Dec 2015 07:00pm EST 

Sichuan Changhong Electric Co Ltd:To invest 50 million yuan to set up a fund of size of 500 million yuan with a Shanghai-based investment management company.  Full Article