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Evergrande Health Industry Group Ltd (0708.HK)

0708.HK on Hong Kong Stock

8.55HKD
24 May 2019
Change (% chg)

HK$0.07 (+0.83%)
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HK$8.48
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HK$8.08
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HK$17.64
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Latest Key Developments (Source: Significant Developments)

Evergrande Health Unit To Buy 70 Pct Stake In TET Drive Technology Co
Friday, 15 Mar 2019 

March 15 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::UNIT ENTERED INTO AN EQUITY TRANSFER AGREEMENT WITH TIANJIN TIANHAI GROUP CO, TET DRIVE TECHNOLOGY CO ,AND LV CHAO.UNIT TO BUY 70% STAKE IN TET DRIVE TECHNOLOGY CO, FREE FROM ANY ENCUMBRANCE FROM TIANJIN TIANHAI GROUP CO AT RMB 500 MILLION.  Full Article

Evergrande Health Industry Group Expects Net Loss For FY
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Evergrande Health Industry Group Ltd <0708.HK>::EXPECTED TO RECORD NET LOSS FOR YEAR.GROUP IS EXPECTED TO RECORD NET LOSS FOR YEAR OF ABOUT RMB1.4 BILLION.EXPECTED RESULT DUE NEW ENERGY VEHICLE SEGMENT WHICH IS LIKELY TO RECORD A NET LOSS IN 2018 OF ABOUT RMB1.7 BILLION.  Full Article

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

China electric car firm Faraday Future says obtains $225 mln in bridge financing

SHANGHAI, April 30 Chinese electric vehicle developer Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model.

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