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Guangzhou Development Group Inc (600098.SS)

600098.SS on Shanghai Stock Exchange

6.16CNY
14 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Government Orders Shutdown Of Guangdong Electric Power, Guangzhou Development's Several Power Terminals
Thursday, 8 Feb 2018 06:20am EST 

Feb 8 (Reuters) - Guangdong Electric Power Development Co Ltd <600098.SS>:Guangzhou Development Group Inc <000539.SZ>200539.SZ::GUANGDONG ELECTRIC POWER DEVELOPMENT CO LTD <<<600098.SS>>> SAYS JOINT COMPANY'S TWO POWER TERMINALS, REPRESENTING 5 PERCENT OF INSTALLED CAPACITY, ARE ORDERED BY GOVERNMENT TO SHUT DOWN BY 2019, 2020.GUANGZHOU DEVELOPMENT GROUP INC <<<000539.SZ>>> SAYS UNIT'S FIVE POWER TERMINALS, REPRESENTING 6.4 PERCENT OF INSTALLED CAPACITY, ARE ORDERED BY GOVERNMENT TO SHUT DOWN BETWEEN 2019 AND 2023.  Full Article

Guangzhou Development's 9-month net profit down 40.1 pct y/y
Monday, 30 Oct 2017 09:01am EDT 

Oct 30 (Reuters) - Guangzhou Development Group Inc <600098.SS>:Says 9-month net profit down 40.1 percent y/y.  Full Article

Guangzhou Development sees 9-month net profit down 40-60 pct y/y
Tuesday, 10 Oct 2017 03:47am EDT 

Oct 10 (Reuters) - Guangzhou Development Group Inc <600098.SS>:Says it expects 9-month net profit down 40-60 percent y/y from 989.8 million yuan ($150.12 million) year ago.  Full Article

Guangzhou Development Group issues 2017 1st tranche green bonds worth 2.4 bln yuan
Thursday, 7 Sep 2017 04:53am EDT 

Sept 7 (Reuters) - Guangzhou Development Group Inc <600098.SS> ::* Says it completed issuance of 2017 1st tranche 5-yr green bonds worth 2.4 billion yuan .  Full Article

Guangzhou Development Group unit to invest in energy station project
Thursday, 31 Aug 2017 06:57am EDT 

Aug 31(Reuters) - Guangzhou Development Group Inc <600098.SS>:Says co's Guangzhou-based wholly owned unit plans to invest in energy station project in Guangzhou.Says investment amount is 692.8 million yuan in total.  Full Article

Guangzhou Development Group to pay A shares annual div for FY 2016 on June 28
Tuesday, 20 Jun 2017 11:10pm EDT 

June 21 (Reuters) - Guangzhou Development Group Inc <600098.SS> ::* Says it will pay cash dividend of 0.10 yuan(before tax)/share for 2016 to shareholders of record on June 27 .* The company's shares will be traded ex-right and ex-dividend on June 28 and the dividend will be paid on June 28 .  Full Article

Guangzhou Development Group unit plans LNG JV in Guangzhou with partners
Friday, 28 Apr 2017 05:02am EDT 

April 28 (Reuters) - Guangzhou Development Group Inc <600098.SS> ::* Says its unit enters into letter of intent to set up a LNG (liquefied natural gas) JV in Guangzhou with partners .* Says the unit will hold a 53 percent stake in JV .  Full Article

Beigene and Guangzhou development district establish joint venture to build Biologics manufacturing facility
Tuesday, 7 Mar 2017 07:00am EST 

Guangzhou Development Group Inc <600098.SS> : Beigene and Guangzhou development district establish joint venture to build Biologics manufacturing facility . Beigene Ltd - expected direct investments total RMB 2.2 billion . Beigene Ltd - JV will also provide funding for research and development of Biologic drug candidates in China . Beigene - for additional funding, manufacturing factory subsidiary of JV company expected to secure commercial loans of RMB 1 billion or $150 million .Beigene Ltd - cash contributions to Beigene Biologics consist of RMB 200 million from Beigene HK and a total of rmb 1 billion from GET.  Full Article

Guangzhou Development's 2016 on-grid power generation up 2.5 pct
Thursday, 19 Jan 2017 05:40am EST 

Guangzhou Development Group Inc <600098.SS> :Says 2016 on-grid power generation up 2.5 percent y/y at 15.4 billion kWh.  Full Article

Guangzhou Development's H1 net profit down 7.0 pct
Tuesday, 30 Aug 2016 05:31am EDT 

Guangzhou Development Group Inc <600098.SS> :Says H1 net profit down 7.0 percent y/y at 496.8 million yuan ($74.41 million).  Full Article