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Evergrande Health Industry Group Ltd (0708.HK)

0708.HK on Hong Kong Stock

12.56HKD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Evergrande Health Industry Says Unit Entered Transaction Deal With Spirit Of Performance AB & Alpraaz AB
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::UNIT ENTERED TRANSACTION AGREEMENT WITH SPIRIT OF PERFORMANCE AB AND ALPRAAZ AB.DEAL FOR EUR150 MILLION.UNIT ALSO ENTERED INTO JOINT VENTURE AGREEMENT WITH KAAB.UNIT TO SUBSCRIBE FOR 1,085 ORDINARY SHARES OF ALPRAAZ AB.UNIT WILL OWN 65 PERCENT OF PROJECT CO UNDER JV & KOENIGSEGG AUTOMOTIVE AB(KAAB) WILL OWN 35 PERCENT.  Full Article

Evergrande Health Industry Group Says Unit To Buy 300 Ordinary Shares Of Mini Minor For US$930 Mln
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::UNIT TO BUY 300 ORDINARY SHARES OF MINI MINOR FOR US$930 MILLION.CHINA EVERGRANDE TO PROVIDE A 3-YEAR UNSECURED LOAN IN AMOUNT OF US$1.10 BILLION TO CO AT INTEREST OF 8% PER ANNUM.UNIT SOLUTION KING INVESTMENTS TO BUY 300 ORDINARY SHARES IN MINI MINOR FROM KERRYMAN HOLDINGS FOR $930 MILLION.  Full Article

Faraday Future and Season Smart Enter Into New Restructuring Agreement
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Faraday Future Inc: :FARADAY FUTURE INC - CO AND ITS INVESTOR SEASON SMART ENTER INTO A NEWLY AGREED UPON RESTRUCTURING AGREEMENT.FARADAY FUTURE INC - BASED ON NEW TERM, THERE ARE SOME ADJUSTMENTS OF CO'S SHAREHOLDING STRUCTURE AND RIGHTS.  Full Article

Evergrande Health Industry Group Enters Into Restructuring Agreement
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::COMPANY, SEASON SMART, SMART KING LTD AND OTHER RELEVANT PARTIES ENTERED INTO A RESTRUCTURING AGREEMENT.RESTRUCTURING AGREEMENT WILL ENABLE COMPANY TO FOCUS ON BUSINESS DEVELOPMENT AND WILL SUPPORT JV TO GET FINANCING.SEASON SMART'S INVESTMENT INTO JOINT VENTURE INVOLVES OWNERSHIP OF 32% PREFERENCE SHARES IN JOINT VENTURE.SEASON SMART'S INVESTMENT ALSO INCLUDES OWNERSHIP OF 100% SHARES IN EVERGRANDE FF HOLDING (HONG KONG) LTD.DEALS AT AN AGGREGATE CONSIDERATION OF US$200 MILLION.  Full Article

Faraday Future gives update on current business operations
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - :FARADAY FUTURE - FILING NEW EMERGENCY RELIEF APPLICATION ON MAIN ARBITRAL TRIBUNAL; RULING MAY BE DELAYED BY 2-3 MONTHS, TO EXPERIENCE NEGATIVE IMPACT ON TIGHT CASH FLOW.FARADAY FUTURE - TO TAKE FURTHER COST-REDUCTION MEASURES ; INCLUDES PUTTING ADDITIONAL EMPLOYEES ON FURLOUGH BEGINNING THIS WEEK.FARADAY FUTURE - HOPE TO SOLVE FUNDING ISSUE IN 2-3 MONTHS.  Full Article

Evergrande Health Industry Says JV Made Emergency Application For Release Of Security Held By Season Smart
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::JV MADE EMERGENCY APPLICATION AGAIN TO HK INTERNATIONAL ARBITRATION CENTRE FOR RELEASE OF SECURITY HELD BY SEASON SMART.  Full Article

Evergrande Health Industry Group Posts HY Profit Attributable To Owners From Cont Ops RMB199.3 Mln
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::HY REVENUE HK$1.14 BILLION VERSUS HK$407.4 MILLION.HY PROFIT ATTRIBUTABLE TO OWNERS FROM CONTINUING OPERATIONS RMB199.3 MILLION VERSUS RMB70.3 MILLION.  Full Article

Evergrande Health Industry Says Faraday Future To Build 5 Production Bases In China
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::INFORMED THAT, FARADAY FUTURE TO BUILD 5 RESEARCH & DEVELOPMENT & PRODUCTION BASES IN CHINA IN THE NEXT DECADE.INFORMED THAT, FARADAY FUTURE AIMS TO REACH PLANNED ANNUAL PRODUCTION CAPACITY OF 5 MILLION VEHICLES AFTER 10 YEARS.  Full Article

Evergrande Health Industry Group Says Peng Jianjun Appointed As Vice Chairman
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::PENG JIANJUN HAS BEEN APPOINTED AS VICE CHAIRMAN OF BOARD AND AN EXECUTIVE DIRECTOR.  Full Article

Evergrande Health Industry Group To Acquire Season Smart Ltd For Hk$6.75 Bln
Monday, 25 Jun 2018 

June 25 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::ANNOUNCES ACQUISITION OF SEASON SMART LIMITED & ITS SALE SHARE FOR HK$6.75 BILLION.PURSUANT TO MERGER AGREEMENT, SEASON SMART LTD WILL INVEST A FURTHER AGGREGATE AMOUNT OF US$1.2 BILLION INTO JV.SEASON SMART LTD & FARADAY FUTURE ORIGINAL SHAREHOLDER JOINTLY ESTABLISHED A NEW CO, SMART KING LTD AS A JV.SEASON SMART LTD TO MAKE A CAPITAL CONTRIBUTION OF US$2 BILLION TO OBTAIN A 45% STAKE IN JV.FARADAY FUTURE ORIGINAL SHAREHOLDER TO CONTRIBUTE TECHNICAL ASSETS, BUSINESS OWNED BY FARADAY FUTURE TO GET A 33% IN JV.  Full Article

Koenigsegg super cars team up with Saab successor to go electric

STOCKHOLM, Jan 30 The Chinese-backed company born from the remnants of bankrupt Swedish automaker Saab is investing 150 million euros ($171 million) in a venture with Swedish super car brand Koenigsegg, in a move that could see them develop new electric models.

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