Key Developments: Sichuan Expressway Co Ltd (SEXHF.PK)
0.32USD
9 May 2013
$0.02 (+5.21%)
$0.31
$0.32
$0.32
$0.32
3,000
4,645
$0.39
$0.28
Latest Key Developments (Source: Significant Developments)
Sichuan Expressway Co Ltd Announces Formation Of Joint Venture
Sichuan Expressway Co Ltd announced that on May 16, 2013, the Company and Trading Landmark entered into the Capital Contribution Agreement, pursuant to which the parties agreed to establish Renshou Landmark with a registered capital of CNY200,000,000. Upon completion of the Capital Contribution Agreement, Renshou Landmark will be owned as to 91% and 9% by the Company and Trading Landmark respectively. Subject to the registration and approval by the relevant company registration authorities, the scope of business of Renshou Landmark covers real estate development; property demolition; greening projects; municipal projects; urban land consolidation; property services; project investment and management; asset management; hotel business management services; wholesale and retail of building materials and hardware; general merchandise retail and wholesale; and rental of property. As at the date of this announcement, Trading Landmark is held by the Company, STI Group, Sichuan Highway Development and Sichuan Ganghang as to 15%, 30%, 25% and 30% respectively. Since STI Group, which wholly owns both Sichuan Ganghang and Sichuan Highway Development, holds approximately 31.88% of the issued share capital of the Company, it is a controlling shareholder (as defined under the Listing Rules) and thus a connected person of the Company. Accordingly, as Trading Landmark is indirectly owed as to 85% to STI Group. Full Article
Sichuan Expressway Co Ltd to Transfer Equity Shares of Subsidiary
Sichuan Expressway Co Ltd announced that it will transfer a 39% stake in a Sichuan-based expressway mechanization engineering company to a Sichuan-based expressway construction development company, and transfer another 10% stake in the target company to a Sichuan-based development company, respectively for RMB 209,298,900 and RMB 53,666,400. After that, the Company will still hold a 51% stake in the target company. Full Article
Sichuan Expressway Co Ltd Announces FY 2012 Dividend Payment
Sichuan Expressway Co Ltd announced that it will pay cash dividend of RMB 0.08 per share (before tax) to the Company's shareholders for fiscal year 2012. Full Article
Sichuan Expressway Co Ltd Recommends Final Cash Dividend
Sichuan Expressway Co Ltd announced that the Board has recommended a final cash dividend for the year 2012 of RMB0.08 per share (tax inclusive), aggregating to approximately RMB244,645,000, representing 31.37% of the distributable profit of the Company determined under PRC GAAP for the Year and 20.72% of the profit attributable to owners of the Company as shown in the consolidated financial statements. The proposed dividend distribution is subject to the approval of the shareholders at the Company’s forthcoming 2012 annual general meeting for the year 2012. If approved, the final dividend is expected to be paid on or around June 25, 2013 to the shareholders whose names appear on the H Shares register of members of the Company on June 4, 2013. Full Article
Sichuan Expressway Co Ltd Acquires Land
Sichuan Expressway Co Ltd announced that it has acquired three plots of land with a total area of 243,282.3 square meters in Renshou County, Sichuan, in an auction, at a price of RMB 920.16 million. Full Article
Sichuan Expressway Co Ltd Issues Mid-term Bills
Sichuan Expressway Co Ltd announced that it has issued corporate mid-term bills worth RMB 500 million. The bonds are each with par value of RMB 100 and an interest rate of 5.57%. Full Article
Sichuan Expressway Co Ltd's Subsidiary Jointly Wins Bids
Sichuan Expressway Co Ltd announced that its wholly owned subsidiary, a Sichuan-based expressway machinery engineering company, has jointly won three bids with a Sichuan-based road and bridge construction group company, to undertake three parts of an expressway civil engineering project in Sichuan, respectively at a bid price of RMB 2,805,351,717, RMB 1,130,632,094, and RMB 2,817,374,038, each with a construction period of 30 months. Full Article
Sichuan Expressway Co Ltd Announces Change Of Chairman
Sichuan Expressway Co Ltd announced that with effect from November 16, 2012 Mr. Tang Yong, an executive Director, resigned as the chairman of the Company due to work reallocation and was re-designed from executive Director to nonexecutive Director, Mr. Zhou Liming, a non-executive Director, was appointed as the Chairman and re-designated from non-executive Director to executive Director. Full Article
Sichuan Expressway Co Ltd Not To Pay Interim Dividend
Sichuan Expressway Co Ltd announced that the directors of the Company resolved not to pay an interim dividend to shareholders (six months ended June 30, 2011: Nil). Full Article
Sichuan Expressway Company Limited Issues FY 2012 First Mid-term Bills
Sichuan Expressway Company Limited announced that it has issued the first mid-term bills for fiscal year 2012, worth RMB 200 million, with a term of five years, and an interest rate of 4.75%. Full Article
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