CAR Inc (0699.HK)

0699.HK on Hong Kong Stock

20 Mar 2018
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Latest Key Developments (Source: Significant Developments)

Car Inc posts 9-mnth net profit of RMB ‍662​ mln
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Car Inc <0699.HK>:9-Mnth total revenue RMB5.76 billion versus RMB4.86 billion.9-mnth net profit RMB ‍662​ million versus RMB 1,388 million.  Full Article

CAR Inc says Ucar inc. enters into share purchase agreement with Zhunxinche<0699.HK>
Tuesday, 23 Aug 2016 

CAR Inc <0699.HK>: Connected transaction in relation to the share purchase agreement between Ucar Inc. and Zhunxinche <0699.HK> . An inter-company outstanding balance in the amount of approximately RMB101 million as shown in zhunxinche's accounts will be transferred to Ucar Inc . Deal for an aggregate consideration of RMB37 million . Ucar inc. entered into the share purchase agreement with Zhunxinche (a holding co incorporated in Hong Kong and a wholly-owned subsidiary of the company) . Says company intends to use the proceeds to acquire assets or repay existing loans . Says pursuant to deal zhunxinche as seller agreed to sell zhunxinche's 100% equity interests in the target company . Says net of tax sale proceeds from the disposal of the target company are expected to be approximately RMB34.6 million . Says the company expects to recognize a gain on disposal of subsidiaries of approximately RMB115 million .  Full Article

CAR Inc enters framework agreement with Ucar Inc<0699.HK>
Wednesday, 29 Jun 2016 

CAR Inc <0699.HK>: Continuing connected transactions in relation to framework agreement with ucar inc. <0699.HK> . Board is aware that Ucar Inc., a connected person of the company, has acquired 70% equity interests in Maimaiche Tianjin . Entered into the framework agreement with Ucar Inc. . Deal in relation to the sale and reconditioning of used vehicles . Says deal with a term of not more than three years .  Full Article

CAR Inc announces share repurchase<0699.HK>
Monday, 6 Jun 2016 

CAR Inc <0699.HK>: Says aggregate consideration for the repurchase of shares is hk$52.3 million (excluding commission fee) . Says co repurchased on market a total of 7 million shares, representing approximately 0.29% of the issued share capital of co .  Full Article

CAR posts quarterly revenue of RMB 1.61 billion<0699.HK>
Tuesday, 17 May 2016 

CAR Inc <0699.HK>: 2016 first quarter results announcement <0699.HK> . Qtrly total revenue RMB 1.61 billion versus RMB 1.04 billion a year ago . Looking ahead to the rest of 2016, the company expects to drive healthy growth and maintain strong profitability . Qtrly net profit RMB274 million versus RMB177 million .  Full Article

BRIEF-Car Inc posts 9-mnth net profit of RMB ‍662​ mln

* 9-Mnth total revenue RMB5.76 billion versus RMB4.86 billion