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China High Speed Transmission Equipment Group Co Ltd (0658.HK)

0658.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China High Speed Transmission Equipment Group Expects To Record A Decrease In FY ‍Profit Attributable​
Monday, 12 Mar 2018 

March 12 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>::CHINA HIGH SPEED TRANSMISSION EQUIPMENT GROUP CO - ‍PROFIT ATTRIBUTABLE FOR FY2017 IS EXPECTED TO RECORD A DECREASE OF ABOUT60%​.EXPECTED RESULT DUE TO ‍IMPAIRMENT LOSSES ON PROPERTY, PLANT AND EQUIPMENT, INVENTORIES.  Full Article

China High Speed Transmission Equipment announces disposal of equity interest in a unit
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>:Nanjing High Accurate entered into share transfer agreement with Fullshare Dazu Technology and Jiangsu Lipu.Nanjing High Accurate agreed to transfer 40% & 30% equity interest in target co to Fullshare Dazu Technology & Jiangsu Lipu.As result of transfer, it is expected that there will be a pre-tax gain of about RMB56 million.Nanjing High Accurate agreed to transfer 40% and 30% equity interest for rmb101.4 million and rmb76 million respectively.  Full Article

China High Speed Transmission Equipment executes agreement with Bank of Communications
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>:Execution of comprehensive strategic cooperation agreement with bank of communications.Bank Of Communications agreed to provide general intentional credit lines in amount of RMB5 billion.  Full Article

China High Speed Transmission Equipment says HY revenue from continuing operations RMB3.81 billion
Thursday, 31 Aug 2017 

Aug 31 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>::HY revenue from continuing operations RMB3.81 billion versus RMB4.38 billion.HY profit for period attributable to owners of co RMB586.7 million, up 1.9%.  Full Article

China High Speed Transmission Equipment says unit entered into sale and purchase agreement
Thursday, 27 Apr 2017 

April 27 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>::Purchaser and vendor, unit of company, entered into sale and purchase agreement.Deal at a consideration of rmb155.2 million.Group is expected to record a gain of approximately rmb44.3 million from the disposal.Nanjing High Accurate Drive Equipment Manufacturing to sell, Jiangsu Shiji Yuntong Technology to purchase entire equity interest of disposal.  Full Article

China High Speed Transmission Equipment notes media speculation regarding disposal of interest in Nanjing High Accurate Marine Equipment
Wednesday, 26 Apr 2017 

April 26 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>-:Notes there are recent media speculation with regard to disposal of entire interest in nanjing high accurate marine equipment.Consideration was arrived at between company and subscriber with reference to fair value of nanjing marine.China high speed transmission equipment group co ltd - subscriber of disposal was an independent third party not connected with company.Wishes to emphasize that nanjing marine has been in a net loss before disposal..Disposal is therefore expected to improve financial performance of group..  Full Article

China High Speed Transmission Equipment says unit entered into limited partnership agreement
Wednesday, 19 Apr 2017 

April 19 (Reuters) - China High Speed Transmission Equipment Group Co Ltd <0658.HK>:Unit entered into limited partnership agreement.Agreement for establishment of investment fund.Total capital commitment to investment fund is RMB65.91 billion.RMB2 billion is to be contributed by Nanjing High Accurate Drive as a limited partner.  Full Article

China high speed transmission equipment says FY profit RMB 1.11 bln
Thursday, 30 Mar 2017 

China High Speed Transmission Equipment Group Co Ltd <0658.HK>: FY revenue RMB 8.97 billion versus RMB9.85 billion . FY profit for year attributable to owners of company RMB 1.11 billion versus RMB 1.03 billion .Proposed final dividend of HK$0.23 per share.  Full Article

China High Speed Transmission Equipment Group says unit enters JV agreement with Nanjing Sanbao And Zhongbang
Thursday, 22 Dec 2016 

China High Speed Transmission Equipment Group Co Ltd <0658.HK> : Rmb2 billion will be contributed by Nanjing High Accurate Drive, Nanjing Sanbao to contribute rmb900 million, rmb900 million . Unit entered into jv agreement with Nanjing Sanbao and Zhongbang for establishment of jv company. . Registered capital of jv company is expected to be rmb2 billion .Jv co shall be owned as to 45% by Nanjing High Accurate Drive, 45% by Nanjing Sanbao and 10% by zhongbang.  Full Article

China High Speed Transmission Equipment appoints Hu Jichun as CEO
Monday, 5 Dec 2016 

China High Speed Transmission Equipment Group Co Ltd :Hu Jichun has been appointed as chief executive officer with effect from 5 december 2016.  Full Article