BAIC Motor Corp Ltd (1958.HK)
Tue, Feb 13 2018
* EXPECTS NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF CO FOR YEAR ENDED 31 DEC 2017 TO DECREASE BY ABOUT 65%
BRIEF-Baic Motor Corp Says Board Resolved To Approve Transfer Of Certain Of Assets Of Beijing Branch
* BOARD RESOLVED TO APPROVE TRANSFER OF CERTAIN OF ASSETS OF BEIJING BRANCH TO BEIJING BENZ AUTOMOTIVE Source text for Eikon: Further company coverage:
* UNIT TO DISPOSE 8.15 PCT EQUITY INTEREST IN BJEV TO QIANFENG WITH CONSIDERATION OF 62.4 MILLION NEW A SHARES TO BE ISSUED TO IT BY QIANFENG
* Company and Daimler Greater China entered into capital increase agreement
* Says it signed strategic co-operate framework agreement with BAIC Motor Corporation Ltd on intelligent human-computer interaction technology, vehicle intelligent and artificial intelligence technology, big data analysis, intelligent vehicle networking platform and marketing resources business
* Enters into strategic cooperation framework agreement between company and Ifytek Co., ltd Source text for Eikon: Further company coverage:
BRIEF-BAIC Motor Corp and Yanfeng Automotive Trim Systems enter strategic cooperation framework agreement
* Co and Yanfeng Automotive Trim Systems entered into a strategic cooperation framework agreement Source text for Eikon: Further company coverage:
* Chongqing to invest over 100 bln yuan for "new energy strategy"
SEOUL Hyundai Motor Co on Friday said its Chinese joint venture with BAIC Motor Corp Ltd has resumed making payments to suppliers, easing concern about another plant suspension.
* Plant was suspended as supplier reacted to delayed payments (Adds further Hyundai comment, background)