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Xiamen Overseas Chinese Electronic Co Ltd (600870.SS)

600870.SS on Shanghai Stock Exchange

9.56CNY
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¥9.56
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7,575,783
52-wk High
¥13.16
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¥7.95

Latest Key Developments (Source: Significant Developments)

Xiamen Overseas Chinese Electronic to swing to loss in FY2016
Thursday, 26 Jan 2017 02:40am EST 

Xiamen Overseas Chinese Electronic Co Ltd <600870.SS> : Sees to swing to net loss at 5 million yuan in FY2016 versus net profit at 14.0 million yuan year ago .Says termination of assets restructuring and increased lawsuit costs as main reasons for the forecast.  Full Article

Xiamen Overseas Chinese Electronic scraps asset restructuring
Friday, 13 Jan 2017 06:26am EST 

Xiamen Overseas Chinese Electronic Co Ltd <600870.SS> :Says it scraps asset restructuring, share trade to resume on Jan 16.  Full Article

Xiamen Overseas Chinese Electronic to establish new unit in Xiamen
Monday, 15 Aug 2016 11:34pm EDT 

Xiamen Overseas Chinese Electronic <600870.SS> Co Ltd : Says establishment of a wholly owned subsidiary in Xiamen, with a registered capital of 10 million yuan .The new subsidiary will be engaged in data processing and storage service.  Full Article

Xiamen Overseas Chinese Electronic involves in lawsuit
Thursday, 7 Jul 2016 02:19am EDT 

Xiamen Overseas Chinese Electronic <600870.SS> Co., Ltd.: Says the co and Xiamen-based group co involve in a lawsuit filed by China Building Technique Group Co., Ltd. with Xiamen Xiang'An District People's Court, regarding construction project disputes .Says plaintiff claimed that defendant to pay final payment of 8.7 million yuan and interest of 1 million yuan, as well as to bear litigation costs.  Full Article

Xiamen Overseas Chinese Electronic cuts share issue size in acquisition proposal
Tuesday, 28 Jun 2016 07:30am EDT 

Xiamen Overseas Chinese Electronic Co Ltd <600870.SS> :Says it cuts share issue size in asset acquisition proposal to 795 million yuan ($119.67 million) from 1.6 billion yuan previously.  Full Article

CPT Technology's units sign agreements to sell stakes in Xiamen Overseas Chinese Electronic
Tuesday, 24 May 2016 12:04am EDT 

CPT Technology Group Co Ltd <000536.SZ> : Says three units sign agreement to sell 32.34 million shares of Xiamen Overseas Chinese Electronic Co Ltd <600870.SS> at 8.06 yuan per share for 260.69 million yuan .Says unit signs agreement to sell 72.42 million shares of Xiamen Overseas Chinese Electronic Co Ltd at 12.42 yuan per share for 899.50 million yuan ($137.25 million).  Full Article

Xiamen Overseas Chinese Electronic unit to set up industrial buyout fund
Sunday, 1 May 2016 08:00pm EDT 

Xiamen Overseas Chinese Electronic Co Ltd:Says its investment unit to set up an industrial buyout fund with two other Shanghai-based firms.Says the size of funds is 200 mln yuan.Says unit to invest 40 million yuan, holding 20 percent interest in the fund.  Full Article

Xiamen Overseas Chinese Electronic to buy BusinessBigData for 1.8 bln yuan
Friday, 29 Apr 2016 08:00pm EDT 

Xiamen Overseas Chinese Electronic Co Ltd:Says to issue 146,341,463 A shares at 6.15 yuan per share and pay cash of 900 mln yuan for total transaction price of 1.8 bln yuan to fully acquire BusinessBigData.Says BusinessBigData is a tech-company which provides big data solutions.Says to raise up to 1.6 bln yuan via private placement to nine parties.Says the funds raised to be used for transaction and loan payment, and big data analysis platform build-up.Says company's shareholder CPTF Optronics Co., Ltd.'s stake will decrease to 8.5 pct (79,365,079 shares) from 15.2 pct (79,365,079 shares) after the transaction.  Full Article

Xiamen Overseas Chinese Electronic announces change in shareholding structure
Friday, 29 Apr 2016 08:00pm EDT 

Xiamen Overseas Chinese Electronic Co Ltd:A Yingtan-based management and consulting firm's stake in the company will be increased to 6.5 percent (60,162,602 shares) from 0 percent after company's equity acquisition.A Yibin-based assets management firm's stake in the company will be increased to 5.3 percent (48,780,488 shares) from 0 percent after company's equity acquisition.  Full Article

Xiamen Overseas Chinese Electronic to buy Chengdu-based big data firm BusinessBigData
Wednesday, 27 Apr 2016 08:00pm EDT 

Xiamen Overseas Chinese Electronic Co Ltd:Signed agreement to buy Chengdu-based big data firm BusinessBigData, via share issue and cash.Details to be disclosed.  Full Article

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