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Hna Innovation Co Ltd (900955.SS)

900955.SS on Shanghai Stock Exchange

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18 May 2018
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Latest Key Developments (Source: Significant Developments)

Hna Innovation Returns To Net Profit In Q1
Saturday, 28 Apr 2018 

April 28 (Reuters) - Hna Innovation Co Ltd <600555.SS>::SAYS IT RETURNS TO NET PROFIT OF 13.63 MILLION YUAN ($2.15 million) IN Q1 VERSUS NET LOSS OF 49.15 MILLION YUAN YEAR AGO.  Full Article

Two firms file lawsuits against unit of Hna Innovation
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Hna Innovation Co Ltd <600555.SS>:Says resort city leisure services firm has filed a lawsuit against Jiulong Mountain development unit of the company, claiming compensation of 149.5 million yuan and related fees for debts disputes .Says international exhibition firm has filed a lawsuit against Jiulong Mountain development unit of the company, claiming compensation of 264 million yuan and related fees for debts disputes .  Full Article

Four firms withdraw lawsuits against Hna Innovation's unit
Friday, 12 Jan 2018 

Jan 12(Reuters) - Hna Innovation Co Ltd <600555.SS>:Says four firms withdrew three lawsuits against co's Zhejiang-based unit .  Full Article

Hna Innovation to list entire 10.3 pct stake in Pinghu-based printing firm
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Hna Innovation Co Ltd <600555.SS>:* Says it will list entire 10.3 percent stake in Pinghu-based printing firm .* Price is no lower than estimated price of 15.6 million yuan .  Full Article

Hna Innovation Hainan's president resigns
Monday, 13 Feb 2017 

Hna Innovation Hainan Co Ltd <600555.SS><900955.SS> :Says board approves president Liao Hongyu resigns due to change in job role.  Full Article

Hna Innovation Hainan announces lawsuits suspension between unit and three firms
Friday, 8 Jul 2016 

Hna Innovation Hainan Co Ltd <600555.SS>: Jiaxing intermediate people's court says the lawsuits respectively filed by a yacht club operating company, a golf club operating company and a real estate company, against the company's unit, have to be suspended . Says the reason is that related lawsuits are in trail currently .Says previous lawsuits disclosed on March 22.  Full Article

Hna Innovation Hainan signs strategic cooperation framework agreement
Wednesday, 6 Jul 2016 

Hna Innovation Hainan <600555.SS> Co Ltd:Says it signs strategic cooperation framework agreement with four partners, jointly development of Jiulongshan Project.  Full Article

Virgin Australia announces outcome of capital structure review
Wednesday, 15 Jun 2016 

Virgin Australia Holdings Ltd : VAH announces outcomes of capital structure review . Proposed offer, placement to HNA Innovation to raise proceeds A$1.01 bln . Proposed fully underwritten A$852 million equity raising . Proposed equity raising in form of 1 for 1 non-renounceable pro-rata entitlement offer to shareholders at A$0.21 per share . Targeting net free cash flow savings increasing to A$300 million per annum (annualised run rate) by end of 2019 financial year . Singapore Airlines, HNA Innovation , Virgin Group, Nanshan Group and Air New Zealand made binding commitments to take up their pro-rata entitlements . Anticipates incurring cash restructuring costs of A$200-A$250 mln over period to 30 June 2019 . Anticipates non-cash balance sheet impairments of A$150 million - A$200 million over period to 30 June 2019 .  Full Article

BRIEF-Hna Innovation Returns To Net Profit In Q1

* SAYS IT RETURNS TO NET PROFIT OF 13.63 MILLION YUAN ($2.15 million) IN Q1 VERSUS NET LOSS OF 49.15 MILLION YUAN YEAR AGO Source text in Chinese: https://bit.ly/2JBlkqN Further company coverage: ($1 = 6.3325 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)