Key Developments: China Automotive Systems Inc (CAAS.OQ)

CAAS.OQ on NASDAQ Stock Exchange Capital Market

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23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

China Automotive Systems Inc reaffirms FY 2014
Wednesday, 12 Nov 2014 06:00am EST 

China Automotive Systems Inc:Reaffirmed revenue guidance of 15 pct year-over-year growth for FY 2014.Reported revenue of $415.16 mln in FY 2013.FY 2014 revenue of $543.32 mln - Thomson Reuters I/B/E/S.  Full Article

China Automotive Systems Inc wins another multi-year contract from Chrysler
Thursday, 16 Oct 2014 05:30am EDT 

China Automotive Systems Inc:Says it has increased its presence in the North American market through a new multi-year agreement to supply Fiat Chrysler Automobiles N.V.'s North American subsidiary, Chrysler Group LLC, steering gears for the 2015 RAM 4500 and 5500 Chassis Cab trucks.  Full Article

China Automotive Systems Inc reaffirms FY 2014 revenue guidance
Wednesday, 13 Aug 2014 05:00am EDT 

China Automotive Systems Inc:Reiterates revenue guidance of 15 pct year-over-year growth for the FY 2014.Reported revenue of $415.16 mln in FY 2013.FY 2014 revenue of $478.51 mln - Thomson Reuters I/B/E/S.  Full Article

China Automotive Systems Inc to acquire remaining shares of two key subsidiaries
Monday, 11 Aug 2014 06:40am EDT 

China Automotive Systems Inc:Enters into stock exchange agreement to acquire remaining 20 pct minority interest in Jingzhou Henglong Automotive Parts Co., Ltd. and remaining 19 pct minority interest in Shashi Jiulong Power Steering Gear Co., Ltd.Says acquisation from Jiulong Machinery Electricity Manufacturing Co., Ltd.Company will issue a total of 4,078,000 new common shares of CAAS stock to Jiulong Machinery Electricity as consideration for the acquisition of the minority interests.Company will issue 3,260,000 new shares in exchange for the 20 pct equity interest in Jingzhou Henglong, and 818,000 new shares for the 19 pct equity interest in Shashi Jiulong.Says aggregate purchase price of acquisition will be equivalent to about $ 35.2 mln.  Full Article

China Automotive Systems Inc completes sale of Idle Land with gain of $5 mln in net income
Monday, 23 Jun 2014 06:00am EDT 

China Automotive Systems Inc:Received cash of 40 mln Ringgit ($6.4 mln) in June 2014 and expects to receive cash of about 12 mln Yuan ($1.9 mln) in July 2014 from Jingzhou Land Reserve Center, local PRC government bureau.Receipt of this cash is for sale of Co's idle land use rights in Jingzhou City, Hubei Province.This transaction completes Co's sale of idle land use rights in Jingzhou City, Hubei Province.  Full Article

China Automotive Systems Inc announces special cash dividend
Tuesday, 27 May 2014 05:15am EDT 

China Automotive Systems Inc:Declares special cash dividend of $0.18 per common share, which represents a total payment to shareholders of about $5 mln.Special cash dividend is payable on or about July 28, to shareholders of record as of the close of business on June 26.  Full Article

China Automotive Systems announces first acquisition
Monday, 19 May 2014 06:00am EDT 

China Automotive Systems Inc:Enters into an agreement to acquire 51.0pct equity control position in Fujian Qiaolong Special Purpose Vehicle Co., Ltd.  Full Article

China Automotive Systems Inc reaffirms FY 2014 revenue guidance
Wednesday, 14 May 2014 05:00am EDT 

China Automotive Systems Inc:Reiterates revenue guidance of 15 pct year-over-year growth for the FY 2014.Reported revenue of $415.16 mln in FY 2013.FY 2014 revenue of $469.10 mln - Thomson Reuters I/B/E/S.  Full Article

China Automotive Systems Inc enters into settlement agreement for purported securities class action
Thursday, 3 Apr 2014 06:00am EDT 

China Automotive Systems Inc:Entered into a settlement agreement with plaintiffs in a purported securities class action filed on Oct. 25, 2011 in the United States District Court for the Southern District of New York.Settlement agreement includes a dismissal of all claims by the plaintiffs against the company and its current and former officers and directors, with no admission of any wrongdoing or liability.  Full Article

China Automotive Systems Inc gives FY 2014 revenue guidance above analysts' estimates
Monday, 31 Mar 2014 05:30am EDT 

China Automotive Systems Inc:Expects revenue growth rate of 15 pct year-over-year for FY 2014.Reported revenue of $415.16 million for FY 2013.FY 2014 revenue of $441.22 million - Thomson Reuters I/B/E/S.  Full Article

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